buyers trying to knock down price

CYBERCIDERSAVER

so can i ask you macaque what builders do when a falling market occurs?
Do they sit on their hands and do nothing??

Perhaps a threat is a little strong but as the OP said he is obligated to get the best price. So surely a number of valuations from some EAs and putting the word out that you are selling a building site would be worth doing. No???

Or would you just accept whatever price the buyers decided it was worth????

How low would you go macaque:question:

macaque_2

CYBERCIDERSAVER wrote: »

so can i ask you macaque what builders do when a falling market occurs?
Do they sit on their hands and do nothing??

Perhaps a threat is a little strong but as the OP said he is obligated to get the best price. So surely a number of valuations from some EAs and putting the word out that you are selling a building site would be worth doing. No???

Or would you just accept whatever price the buyers decided it was worth????

How low would you go macaque:question:

Many builder's employees work on contract. In a downturn, builders are very quick to reduce their manning levels. The rump of the business then focuses more on maintenance contracts, government projects and industrial projects.

stonethrower

so can i ask you macaque what builders do when a falling market occurs?
Do they sit on their hands and do nothing??

This is not far from the truth I work in the building industry (carpenter) and the last time there was a house market crash early 90's getting a job was hard. A lot of the main contractors were taking jobs at very little profit just so they could keep going.