Firstly you ask a sensible price and be prepared to negotiate.
Yup. That'll never change. Giving the agent an unreasonable base and no latitude is a recipe for disaster. If so most agents will clearly see that from the get go, they will list for you etc, but not really bother as they know there will be no sale and thus no commission for them. So you shouldn't really expect them to try from the get-go. I have a good friend who is in real estate and surprisingly honest ( given that status ), he does well generally because he doesn't take on clients who are evidently too stupid/proud/greedy/etc. For those vendors he can readily discover that he is the sixth or seventh agent in as many months for a certain property, or whatever. Real estate isn't magic, the practitioners certainly aren't morons or fools, while common sense and decency is remarkably effective .... :-)
Cheers, Mike.
( edit ) For an example a counter offer may come in that low-balls by $10K say. The clever answer is 'yes, but for that you have agree to 20% deposit and 30 day settlement' ( not the typical 10% @ 60 - 90 days ). The reply to that then tells you if they actually have any money ( or serious finance available ) at all. :-)))
( edit ) Which then implies the next rule : we all will need finance to buy. Sort all of that out before you even glance at your first properties. Two benefits (a) you have objectively merited your financial capacity prior to any emotional triggers and (b) as you now have a specific line of credit ( on short notice activation ) you can fire in with a successful low-ball as above !
Some quick ways to piss any vendor off is (a) not actually have capacity to pay when required (b) haggle stupidly to delay because of (a) and (c) don't honor even your own offers/statements !
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
You have just highlighted the main reason why it is sensible to use an Estate Agent, or what other people call Realtors or some such. It is their job to weed out the time wasters that don't have a mortgage of finance in place, and only pass on genuine offers. Sole Agency can cost you 1.5%, multiple Agency can be 2%.
But it is all a big game, like buying and selling a car. You ask more than the property is worth and are prepared to drop to what it is worth. The canny buyer knows what it is worth, and what you will drop to, and therefore offers less than your asking price. Then the negotiations start!
I sold my dad's place last Autumn and the buyers wanted to offer less that what I was prepared to accept. But they did say look, we'll pay what you are asking, if you will leave all the appliances in the kitchen, the three piece suite which we quite like, and the bedside cabinets in the three bedrooms, and a fold up bed. Deal! It was a probate sale and I would had to pay for a full house clearance instead of a partial one.
Depends also how hard nosed you want to be and the time-scales involved. One tack is "Look, do you want this house or not? This is the price. If you don't want to pay that, someone else will. Your choice". But it's a gamble that they might walk away. It's all a toss up between money and time, which means more to the seller.
The other complication is "first time buyers", that can mean I am not in a chain, or I have never bought a property before. All a stressfulf experience for everybody! The only people that make any money ate the Solicitors/Lawyers :-(
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
The only people that make any money ate the Solicitors/Lawyers :-(
If only it were so. ;)
I never meant to start a debate about realty, but I stand by my statement that having a dishwasher installed more than pays for itself when the house is sold. Even if they want to replace it with a brand or color of their own choosing, having it there means they can just pull it out and put in the new one. The thing about it meaning you're lax with cleaning is not a facor (at least that I'm aware of) here, and really sounds pretty British to me. If you're that worried about it, leave all the original stickers and such on/in it so they can see you've never used it.
Mike: yes, rashes indeed.
David
Miserable old git
Patiently waiting for the asteroid with my name on it.
I don't even have a garbage disposal (I had it removed)
I have a septic tank on my property so I have to be very careful what goes down the drain.
So all dishes and pans are hand washed and a filter is fitted over the drain to catch any food particulars that might clog the drains.
I also have a grease pot for when I cook to drain any grease into.
Once I'm done cleaning, the filter and grease are deposited into a trash receptacle and place outside until trash day.
So I can understand why some people would or would not want to have a dishwasher. ( My mother likes the dishwasher and is the only one to use it when she visits)
I think a lot of it is simple cultural differences between Europe and America. Dishwashers and garbage disposal units never really caught on here, and in fact it could be said that those that could afford them probably eat out at lot anyway! Even now the large style twin door fridges are called American fridges in Europe, although funnily enough the Australian company Fisher & Paykel call them their French door version!
Over in England French doors were always the twin doors opening out from a living area into the garden, that was in the days before patio doors became fashionable. Usually metal framed and made by Critall, but wooden pre war.
The sub differences between the Continent and the UK are illustrated by the fact that you won't see Bidets in England except in posh hotels, but they are in common use elsewhere in Europe, just another thing that never caught on. The famous story in my family is about when we took our first holiday abroad aged about 15. A couple of days later I said to mum & dad, these people are really posh, they even have a low basin to wash your sandy feet when you come in from the beach. They said really? We haven't got one. They had to explain what it was for!
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
But then again most men think they already have a dishwasher, It's made by Wolverhampton Industrial Fabrication Engineering Ltd.
Thank you I'll be here all week.
Well you could use that time to train to become a Microsoft Certified Professional, you already have the letters after your name, so no change needed!!
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
I think a lot of it is simple cultural differences between Europe and America. Dishwashers and garbage disposal units never really caught on here, and in fact it could be said that those that could afford them probably eat out at lot anyway! Even now the large style twin door fridges are called American fridges in Europe, although funnily enough the Australian company Fisher & Paykel call them their French door version!
We also call that style a French door.
Quote:
Over in England French doors were always the twin doors opening out from a living area into the garden, that was in the days before patio doors became fashionable.
We have those too, same name.
Quote:
The sub differences between the Continent and the UK are illustrated by the fact that you won't see Bidets in England except in posh hotels, but they are in common use elsewhere in Europe, just another thing that never caught on. The famous story in my family is about when we took our first holiday abroad aged about 15. A couple of days later I said to mum & dad, these people are really posh, they even have a low basin to wash your sandy feet when you come in from the beach. They said really? We haven't got one. They had to explain what it was for!
Bidets are very rare here, although they are starting to appear in very high-end houses, the kind where if you can afford to have it, you can also afford to pay someone to clean it for you.
One of my favorite quotes is from Dave Barry, one of his books about a vacation in Europe: "Never pee in the bidet." I used to use it as part of my email signature.
David
Miserable old git
Patiently waiting for the asteroid with my name on it.
RE: Firstly you ask a
)
Yup. That'll never change. Giving the agent an unreasonable base and no latitude is a recipe for disaster. If so most agents will clearly see that from the get go, they will list for you etc, but not really bother as they know there will be no sale and thus no commission for them. So you shouldn't really expect them to try from the get-go. I have a good friend who is in real estate and surprisingly honest ( given that status ), he does well generally because he doesn't take on clients who are evidently too stupid/proud/greedy/etc. For those vendors he can readily discover that he is the sixth or seventh agent in as many months for a certain property, or whatever. Real estate isn't magic, the practitioners certainly aren't morons or fools, while common sense and decency is remarkably effective .... :-)
Cheers, Mike.
( edit ) For an example a counter offer may come in that low-balls by $10K say. The clever answer is 'yes, but for that you have agree to 20% deposit and 30 day settlement' ( not the typical 10% @ 60 - 90 days ). The reply to that then tells you if they actually have any money ( or serious finance available ) at all. :-)))
( edit ) Which then implies the next rule : we all will need finance to buy. Sort all of that out before you even glance at your first properties. Two benefits (a) you have objectively merited your financial capacity prior to any emotional triggers and (b) as you now have a specific line of credit ( on short notice activation ) you can fire in with a successful low-ball as above !
Some quick ways to piss any vendor off is (a) not actually have capacity to pay when required (b) haggle stupidly to delay because of (a) and (c) don't honor even your own offers/statements !
I have made this letter longer than usual because I lack the time to make it shorter ...
... and my other CPU is a Ryzen 5950X :-) Blaise Pascal
You have just highlighted the
)
You have just highlighted the main reason why it is sensible to use an Estate Agent, or what other people call Realtors or some such. It is their job to weed out the time wasters that don't have a mortgage of finance in place, and only pass on genuine offers. Sole Agency can cost you 1.5%, multiple Agency can be 2%.
But it is all a big game, like buying and selling a car. You ask more than the property is worth and are prepared to drop to what it is worth. The canny buyer knows what it is worth, and what you will drop to, and therefore offers less than your asking price. Then the negotiations start!
I sold my dad's place last Autumn and the buyers wanted to offer less that what I was prepared to accept. But they did say look, we'll pay what you are asking, if you will leave all the appliances in the kitchen, the three piece suite which we quite like, and the bedside cabinets in the three bedrooms, and a fold up bed. Deal! It was a probate sale and I would had to pay for a full house clearance instead of a partial one.
Depends also how hard nosed you want to be and the time-scales involved. One tack is "Look, do you want this house or not? This is the price. If you don't want to pay that, someone else will. Your choice". But it's a gamble that they might walk away. It's all a toss up between money and time, which means more to the seller.
The other complication is "first time buyers", that can mean I am not in a chain, or I have never bought a property before. All a stressfulf experience for everybody! The only people that make any money ate the Solicitors/Lawyers :-(
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
RE: The only people that
)
If only it were so. ;)
I never meant to start a debate about realty, but I stand by my statement that having a dishwasher installed more than pays for itself when the house is sold. Even if they want to replace it with a brand or color of their own choosing, having it there means they can just pull it out and put in the new one. The thing about it meaning you're lax with cleaning is not a facor (at least that I'm aware of) here, and really sounds pretty British to me. If you're that worried about it, leave all the original stickers and such on/in it so they can see you've never used it.
Mike: yes, rashes indeed.
David
Miserable old git
Patiently waiting for the asteroid with my name on it.
Well, I have a dishwasher but
)
Well, I have a dishwasher but rarely use it.
I don't even have a garbage disposal (I had it removed)
I have a septic tank on my property so I have to be very careful what goes down the drain.
So all dishes and pans are hand washed and a filter is fitted over the drain to catch any food particulars that might clog the drains.
I also have a grease pot for when I cook to drain any grease into.
Once I'm done cleaning, the filter and grease are deposited into a trash receptacle and place outside until trash day.
So I can understand why some people would or would not want to have a dishwasher. ( My mother likes the dishwasher and is the only one to use it when she visits)
I think a lot of it is simple
)
I think a lot of it is simple cultural differences between Europe and America. Dishwashers and garbage disposal units never really caught on here, and in fact it could be said that those that could afford them probably eat out at lot anyway! Even now the large style twin door fridges are called American fridges in Europe, although funnily enough the Australian company Fisher & Paykel call them their French door version!
Over in England French doors were always the twin doors opening out from a living area into the garden, that was in the days before patio doors became fashionable. Usually metal framed and made by Critall, but wooden pre war.
The sub differences between the Continent and the UK are illustrated by the fact that you won't see Bidets in England except in posh hotels, but they are in common use elsewhere in Europe, just another thing that never caught on. The famous story in my family is about when we took our first holiday abroad aged about 15. A couple of days later I said to mum & dad, these people are really posh, they even have a low basin to wash your sandy feet when you come in from the beach. They said really? We haven't got one. They had to explain what it was for!
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
My dishwasher left seven
)
My dishwasher left seven years ago which is a shame because I thought she was marriage material.
Thank you I'll be here all week.
Annie minion :)
Einstein@Home Verified Contributor (I think?)
RE: But then again most men
)
Well you could use that time to train to become a Microsoft Certified Professional, you already have the letters after your name, so no change needed!!
Waiting for Godot & salvation :-)
Why do doctors have to practice?
You'd think they'd have got it right by now
RE: I think a lot of it is
)
We also call that style a French door.
We have those too, same name.
Bidets are very rare here, although they are starting to appear in very high-end houses, the kind where if you can afford to have it, you can also afford to pay someone to clean it for you.
One of my favorite quotes is from Dave Barry, one of his books about a vacation in Europe: "Never pee in the bidet." I used to use it as part of my email signature.
David
Miserable old git
Patiently waiting for the asteroid with my name on it.
I see people can be stupid in
)
I see people can be stupid in Australia too.
David
Miserable old git
Patiently waiting for the asteroid with my name on it.
And down Seti goes, hope the
)
And down Seti goes, hope the Einstien servers are ready for the massive bombardment they're about to get.
Annie minion :)
Einstein@Home Verified Contributor (I think?)