Reverse Selling process.

Discussion in 'The Buying & Selling Process' started by Dylan33, 24th Nov, 2016.

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  1. Dylan33

    Dylan33 Well-Known Member

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    im selling a property myself 'as is'. I've advertised it for the price I will take. give or take a grand or two. There are a few minor issues regarding the inspection but I have taken these into consideration and adjusted the price before hand. I'm eager to see if buyer mentality can be changed or will I still have a hard time trying to get it past them? I've already excepted an offer due to a low 'starting price. But I tried to explain to them this will be the price post inspection. I know they are going to try to use the issues to price adjust. I'm interested to see the outcome.
    Anyone else tried this?
     
  2. thatbum

    thatbum Well-Known Member

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    Huh?

    What do you mean by "issues regarding the inspection" and "already excepted an offer"?

    So its sold now?
     
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  3. wobbycarly

    wobbycarly Well-Known Member

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    Guessing it's a "subject to" contract and the potential buyers are going to try using their inspections to negotiate or else crash the contract.
     
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  4. Agent30yrs.

    Agent30yrs. Well-Known Member

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  5. Marg4000

    Marg4000 Well-Known Member

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    Depends how you have priced it.

    We sold mums house a few years ago. House was 50+ years of but very well maintained. We told the agent that we were not prepared to negotiate with nit-pickers who would try to negotiate on minor issues. Any 50 year old house is going to have some bumps and bruises.

    Sold quite quickly for very close to realistic asking price.
    Marg
     
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  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    If you have had the house inspected and supply the inspection with the sales campaign and iterate it's 'as is' then people should only offer what they think it is worth.
    Whether that offer is what you want is a whole other ball game.
     
  7. Dylan33

    Dylan33 Well-Known Member

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    Update. Well after one false start with a buyer retracting his offer due to a bad BI the next one understood what I was trying to do and made a good offer. It was on the market for a month and is now under contract. Still I think it is hard for buyers to get their heads around a different process of negotiating. They arrive ready to do battle with a seasoned REA.
     
    Perthguy likes this.
  8. Perthguy

    Perthguy Well-Known Member

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    Good outcome
     

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