It's more like an auction. That's the starting price.

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Jan 13, 2022
12:00:53pm

Pro Logic All-American

It's more like an auction. That's the starting price.

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Pro Logic

Previous username: Twin Roots
Bio page: Pro Logic
Joined: Mar 11, 2004
Last login: Jun 16, 2024
Total posts: 20,030 (58 FO)

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Messages

Author

Time

This is my #1 beef with real estate. A listing price is what you would sell it for. I know many of you will disagree,

Ragnar Danneskjold $4,000,000 never forget

1/13/22 10:46am

The issue is that the first offer that comes in is often over asking and at that point a door has been opened and

supertux

1/13/22 10:47am

True. Taking the highest offer is absolutely fine. But I've seen some act all arrogant with an offer at asking price,

Ragnar Danneskjold

1/13/22 10:49am

We just sold our home. First offer was asking price so we were excited but

ChiCityCoug

1/13/22 10:54am

Agreed but Lying is encouraged in capitalism.

rcbyufan

1/13/22 10:48am

Disagree that the listing price is what you’d sell it for.

Cougarclaw

1/13/22 10:51am

That's like a car dealership advertising a particular VIN at a particular price. I believe it is illegal to demand more

Ragnar Danneskjold

1/13/22 10:54am

Real estate is one of the only peer-to-peer sales for average consumers in our

Kajdin

1/13/22 11:00am

Not really. Let's say you met somebody to buy a used tablet for the listed $100, but in the meeting spot the SELLER says

Ragnar Danneskjold

1/13/22 12:09pm

car dealerships are notorious negotiators, with notable exceptions like carmax

Cougarclaw

1/13/22 11:03am

Let's say your wife spent an hour at Costco, and while being rung up, it came to $300. Your wife went to pay, but the

Ragnar Danneskjold

1/13/22 12:07pm

yes that would be uncomfortable. and what do you think would happen if they did?

Cougarclaw

1/13/22 3:40pm

Wait, what? The seller set a price, and then claims the price is wrong. What does that have to do with rationioning?

Ragnar Danneskjold

1/13/22 4:04pm

leaving an offered price behind is an act of negotiating.

Cougarclaw

1/13/22 4:55pm

That makes no sense. The seller is setting the price.

Ragnar Danneskjold

1/13/22 5:31pm

Not when it's known the industry allows for negotiation. Buying a home isn't

Doodlebob

1/14/22 10:01am

Nah. Listing price gives a sense for what you might sell it for so buyers know

garyfan

1/13/22 10:55am

I think my real beef is sellers listing for a price they have no intention of actually honoring.

Ragnar Danneskjold

1/13/22 10:56am

I wanted more people to see my house. Both times we bought it was more than

cougaman

1/13/22 10:59am

See, that seems like a bait and switch. You had no intention to sell at the listed price. You are deceiving people.

Ragnar Danneskjold

1/13/22 12:10pm

I was going to sell regardless. I figured we would get higher offers. It's not

cougaman

1/13/22 2:17pm

The grocery store doesn't advertise. 99 sale, then refuses to sell at .99

Ragnar Danneskjold

1/13/22 4:11pm

It's not like we should know what the market is for our home. It's a supply and

cougaman

1/13/22 7:41pm

Absolutely you should. It's the ones that stick their nose up in the air to an offer @ asking price when they have no

Ragnar Danneskjold

1/13/22 9:47pm

Funny/crazy story about this.

cougarfanatic

1/13/22 11:02am

Sometimes value is created by people wanting something someone else wants too.

Kajdin

1/13/22 11:08am

If you list a car for sale for $30K and somebody agrees to pay full price, do you tell the buyer, "Sorry, it's really

SierraCoug

1/13/22 11:36am

It's more like an auction. That's the starting price.

Pro Logic

1/13/22 12:00pm

That is the most reasonable explanation I have seen so far.

Ragnar Danneskjold

1/13/22 12:12pm

I actually bought a house in 2021 for list price

Squeegee

1/14/22 8:33am

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