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A fixed price to Expression of interests

Discussion in 'The Buying & Selling Process' started by htopg, 19th Jul, 2015.

  1. htopg

    htopg Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    202
    Location:
    Sydney
    Hi,
    I am in the process of buying a property in Sydney.
    When the ad for that property was listed on the first day, it said "1,200,000".
    After two days, it changed to "Expression of interests".
    I take it that the vendor's bottom line was 1,200,000 and now he wants more.
    How do you interpret that "a fixed price -> expression of interests"?
    Thanks
     
  2. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,413
    Location:
    33°41'24.7"S 150°55'34.3"E
    Maybe the real estate agent made a mistake in the listing? Maybe the owner on seeing the listing asked it to be changed?

    Some real estate agents and owners prefer to list with expressions of interest or 'offers over' first, to see what the market is willing to offer.
     
  3. Esh

    Esh Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    192
    Location:
    Sydney NSW
    Best way to find out is give the agent a call