Thoughts on fixed price

RelievedSheff

It doesn't matter what wording you put on the marketing, people will only offer what the property is worth to them.

katie4

cr1mson said:

Where are you based as in Scotland fixed price tends to be more of a thing?

I’m in Wales

Herzlos

From a buyers perspective fixed price is pretty clear, if you want to pay that price you do, done.

I hate the whole I'm asking for £x but I want £y garbage, and wasted so much time last purchase haggling because they wouldn't give us a straight answer.

People can still offer under, and in some markets (not sure about Wales) people expect some discount to feel like they've 'win' so if you ask for £5k above what you want and then let them knock £5k off everyone will be happy.

You can always change it later.

ReadySteadyPop

jimbog said:

For me a 'fixed price' indicates that a seller may be somewhat intransigent, wouldn't negotiate on price regardless of what a survey may reveal (do they have something to hide?) and may be difficult to do business with.
Best to just give a price to encourage viewings and negotiate further down the line if necessary. Any negotiations should be a dance rather than a battle

Good advice.

Bigphil1474

When we sold ours we had 3 estate agents come round and all valued at a similar range. One suggested marketing at the lower end, hopefully drumming up some demand and maybe a bidding war, and the other two suggested at the higher end then you have some wiggle room down. We did market at the higher end and sold toward the lower end. We got what we needed and the buyer got a 'bargain'.

If you need to get £140k, I'd just market at £150k, and see how you get on with viewings and offers. If I liked your house I'd be making an opening offer of at least £135k (10% off) or maybe a bit higher, you might come back at £145k, I might go up to £138k etc. and eventually we'd meet where we are both happy. Overall, I think it's the best way to sell.