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Our house is up for auction tomorrow!; Anyone want to guess how the market has performed in the last 5 years?
Topic Started: 26 Aug 2011, 12:44 PM (18,698 Views)
The Bear Jew
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zaph
22 Sep 2011, 09:48 PM
it's easier to talk you down than the buyer up. it would appear the walk away price is nearly here on both sides.

talk to your accountant, but i don't think it matters that you have it rented. you have six months cross over. anyways it seems you plan to not sell the new ppor for many years, so who gives a phuck.
Hope you accepted already.

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Australian residential property prices back to 2004 levels by 2015
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ajGold
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Hi Trojan

How come you are advertising the price as updated and negotiable (which gives the impression of motivation and flexibility respectively) but then risking the vendor walking away when you say they have already made an offer close to the advertised price?

I would have thought that in a buyer's mind, 'negotiable' says that you are more likely to come down than they are to go up. You'd like 10-20k more, but they probably only want to come up 2-5k at a time from an offer close to the advertised price. So, the longer this drags on the more likely it seems they will walk away. Is the differential between the offer and the price that significant that you need to stand your ground?
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Trojan
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ajGold
23 Sep 2011, 11:33 AM
Is the differential between the offer and the price that significant that you need to stand your ground?
1) The offer is pretty much on the "we don't care whether we sell or not" price.
2) The negotiations include more than just the price.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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earthsta
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Trojan
23 Sep 2011, 11:45 AM
ajGold
23 Sep 2011, 11:33 AM
Is the differential between the offer and the price that significant that you need to stand your ground?
1) The offer is pretty much on the "we don't care whether we sell or not" price.
2) The negotiations include more than just the price.
You are a prime example of the delusional nature of current vendors.

By the time you accept the reality of your position, the market price will be lower. You'll then believe thatthe "new reality" is underpricing your house again, and so on and so forth.

All you'll end up doing is chasing the prices down and living in regret you didn't accept an earlier offer.

You're actually quite a good case study for interested onlookers
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schooner
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Trojan
23 Sep 2011, 11:45 AM
2) The negotiations include more than just the price.
So you warrant a tickle also?...
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Trojan
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earthsta
23 Sep 2011, 02:36 PM
All you'll end up doing is chasing the prices down and living in regret you didn't accept an earlier offer.
Other than the fact the offers haven't been going down and I'm very, very glad I didn't accept the earlier offer for $30k less
And you call me delusional? :rolleyes:

What this thread does show is people who make the wrong call to accept a lower offer yet say others got it wrong.
I also managed to find the similarities between the posters and their predictions in house prices in general.
Can anyone else see it?
:beer:
Edited by Trojan, 23 Sep 2011, 03:20 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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earthsta
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Trojan
23 Sep 2011, 03:08 PM
earthsta
23 Sep 2011, 02:36 PM
All you'll end up doing is chasing the prices down and living in regret you didn't accept an earlier offer.
Other than the fact the offers haven't been going down and I'm very, very glad I didn't accept the earlier offer for $30k less
And you call me delusional? :rolleyes:

What this thread does show is people who make the wrong call to accept a lower offer yet say others got it wrong.
I also managed to find the similarities between the posters and their predictions in house prices in general.
Can anyone else see it?
:beer:
I predict that the current offer will be withdrawn because you're being a dick
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Trojan
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earthsta
23 Sep 2011, 03:42 PM
I predict that the current offer will be withdrawn because you're being a dick
My only consolation is your predictions on this forum (and according to other people, on other forums as well) has a pretty poor track record.

And people who treat me with respect is always treated back with respect.
Only "a dick" to people who deserve it.
Edited by Trojan, 23 Sep 2011, 03:52 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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zaph
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Trojan
23 Sep 2011, 11:45 AM
1) The offer is pretty much on the "we don't care whether we sell or not" price.
2) The negotiations include more than just the price.
2.

what terms are you negotiating? do you want abnormal terms or them?

edit - were these buyers around at auction time?
Edited by zaph, 23 Sep 2011, 04:06 PM.
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Trojan
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zaph
23 Sep 2011, 04:05 PM
2.

what terms are you negotiating? do you want abnormal terms or them?

edit - were these buyers around at auction time?
Good questions.

They asked for a few abnormal terms so we pretty much asked for something else in exchange.
And buyers were not around at auction time as they had not sold their home yet at that time - but they have now (or so the agent tells me)
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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