A fixed price to Expression of interests

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

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  1. htopg

    htopg Well-Known Member

    Joined:
    22nd Jun, 2015
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    434
    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
     
    htopg, 19th Jul, 2015
    #1
  2. wombat777

    wombat777 Well-Known Member

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    On a Capital and Income Growth Safari
    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.
     
    wombat777, 19th Jul, 2015
    #2
  3. Esh

    Esh Well-Known Member

    Joined:
    19th Jun, 2015
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    Location:
    Sydney NSW
    Best way to find out is give the agent a call
     
    Esh, 24th Jul, 2015
    #3
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