Awww, it's great she doesn't feel 'ripped off'
| # | Post |
|---|---|
| 1 | "What's most important is that we're happy with the price and don't feel ripped off in comparison to prices of the other houses we looked at...I'm convinced the house would've sold for a lot more if it had been listed through an agent," Anna said. Not having competition from other buyers helped, the couple said, as it meant people "weren't going crazy trying to outbid each other". desi1969 - 2021-06-14 13:29:00 |
| 2 | Perhaps now the seller does. lythande1 - 2021-06-14 15:37:00 |
| 3 | lythande1 wrote: Or not. I take it the valuation is not the CV but a market valuation. Market valuations can be misleading as well as inaccurate. Also the cost of marketing followed by agent commission can be exorbitant. The seller probably ended up with exactly what they would have ended up if they had marketed their property through an agent. I mean, how much would the sign have cost them as opposed to the home staging that is demanded by agents, the photography and the media and e-marketing. I know from first hand experience that can total in excess of $15,000 followed by the selling commission. I am pleased the seller got a fair price and didn't enrich all the hangers on. buzzy110 - 2021-06-14 15:55:00 |
| 4 | buzzy110 wrote:
A few things in your reply I disagree with. Firstly, a valuation required by a bank is not the same as a "market appraisal". In my experience, those valuations (performed by registered valuers) are conservative. Clearly this is to prevent the bank from lending too much on a property. If it was above the selling price on this occasion, this probably indicates the buyer got a pretty good deal. "Marketing packages" are entirely optional - agents DON'T insist on it, and if they do, get another agent. I've never paid one yet. The only exception would be one of the 1% firms in which case I'd be happy to pay (but that's a personal decision). Staging is also optional. If you want to leave a house empty, go right ahead. seaqueen - 2021-06-14 20:34:00 |
| 5 | I recall a wise man explaining to me that a market price was reached when both parties were equally pissed off. sparkychap - 2021-06-14 20:41:00 |
| 6 | sparkychap wrote: i I recall an ex real estate agent explaining to me it was a shit job ‘cos both parties were pissed off...The sellers thought they got paid too little and the buyers thought they paid too much! lovelurking - 2021-06-14 21:11:00 |
| 7 | lovelurking wrote:
Which might be described as fair market value. johnston - 2021-06-15 07:27:00 |
| 8 | johnston wrote: isn't that what I said first...? sparkychap - 2021-06-15 08:33:00 |
| 9 | sparkychap wrote:
Yes, I even copied your opening words but replaced “wise man” to “ex real estate agent”... lovelurking - 2021-06-15 09:31:00 |
| 10 | lovelurking wrote: This has to stop! BTW My wise man was a Valuer. sparkychap - 2021-06-15 09:51:00 |
| 11 | sparkychap wrote:
Yes. johnston - 2021-06-15 11:19:00 |
| 12 | Sold privately last month. 43% over RV and also over Valuers written appraisal. keys - 2021-06-15 11:48:00 |
| 13 | keys wrote:
Great work Keysta! Many offers? seaqueen - 2021-06-15 15:12:00 |
| 14 | This message was deleted. vintage_betty - 2021-06-15 15:57:00 |
| 15 | This message was deleted. kittycatkin - 2021-06-15 16:34:00 |
| 16 | This message was deleted. kittycatkin - 2021-06-15 16:38:00 |
| 17 | keys wrote: you was robbed. sparkychap - 2021-06-15 18:18:00 |
| 18 | sparkychap wrote:
Happy on the day. ???? lovelurking - 2021-06-15 18:20:00 |
| 19 | seaqueen wrote: Three keys - 2021-06-16 08:30:00 |
| 20 | The member deleted this message. keys - 2021-06-16 08:33:00 |
| 21 | lovelurking wrote:
That one ^^^^^ Was a huge url Edited by keys at 8:35 am, Wed 16 Jun keys - 2021-06-16 08:34:00 |
| 22 | keys wrote:
Flipping well done you :-) seaqueen - 2021-06-16 09:10:00 |
| 23 | keys wrote:
Love it. I can't wait for the day. seaqueen - 2021-06-16 09:11:00 |
| 24 | sparkychap wrote: Yes. Exactly and I loved your summary. buzzy110 - 2021-06-16 14:31:00 |
