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Fixed price ...?
WeAreGhosts
Posts: 3,130 Forumite
An agent who valued our house recently (along with 2 others) suggested putting it on at a fixed price. I can't really see any advantages to this other than it might get more people through the door if it seemed cheap (which it will compared to others in the vicinity).
Are there any other advantages to "fixed price"?
Are there any other advantages to "fixed price"?
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Comments
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What was the EA's reason for suggesting this?0
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To me, fixed price just says you aren't willing to consider offers. Which people will probably still make anyway. Are you really unwilling to consider anything lower than the asking price?0
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Fixed price means nothing unless the buyer does not want to sell for more, or less, than that amount.
If I was a buyer and thought the 'fixed price' was either more than I could afford or more than I felt it was worth, I still might make a lower offer.
Then, as with any other offer, it's up to the buyer....0 -
What was the EA's reason for suggesting this?
to sell it quicker (and presumably get his money)TheCyclingProgrammer wrote: »To me, fixed price just says you aren't willing to consider offers. Which people will probably still make anyway. Are you really unwilling to consider anything lower than the asking price?
no, wouldn't consider anything lower than the asking price. but i just worry it puts people off putting in a higher bid if there are two interested parties. i really want to set it going at 9k above the fixed price suggested by the EA and do offers in the region of. which hopefully suggests we are open to lower offers.0 -
What sort of figure are you talking about?
Is there some sort of psychological barrier, like it is worth about 500k and you wouldn't want offers below it?
I would say its a bit pointless, but I have seen it done in the past when houses have been at stamp duty thresholds, but this is not such an issue these days.0 -
250k fixed (EAs) or 259k O.I.R.O (mine)0
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Fixed price would attract people who don't want to get into a bidding war. It would put off people who want a bargain. It implies you will accept the first offer at asking price.
If your asking price is too high it won't make any difference as everyone will be put off anyway.Changing the world, one sarcastic comment at a time.0 -
Scotland, or E&W ?0
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England ....0
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Are you only prepared to accept exactly £250,000.00? If not, I can't see the advantage myself."Real knowledge is to know the extent of one's ignorance" - Confucius0
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