Forum whore
Well the back up deal could be higher but it may also be conditional on the sale of another property. There would also have to have the escape clause in the original contract and not all contracts have this.Originally Posted by Drum
They could get gazumped if the first contract is conditional on the sale of a property but then the cash out would be pull and you are given anywhere between 3/10 days to go unconditional. Hope that makes sense
RIDE FOR THE CONDITIONS WHEN THEY CHANGE INCREASE YOUR SPEED
Forum whore
Congrats mate so when will the house waming be.
RIDE FOR THE CONDITIONS WHEN THEY CHANGE INCREASE YOUR SPEED
I like bikes
Play that hardball degrom!!
Well done that man
"Not one day that we are here on this earth has been promised to us, so make the most of every day as if it was your last, and every breath ,as if it were the same"
needs to work harder
Many years ago a mate of mine was in the closing stages of a deal with Tommy's as the broker. Anyway, they went on and on about wanting them to put in a higher offer and he told them no, to the point where all they wanted was another $500. Had they been making up the other bidder? Who knows.
Anyway, next day he went to the bank and withdrew $500 cash. He took this money to a bar where he bought himself a martini and had his partner take a picture of him relaxing in the bar with the martini and the $500 in a big "look at my wad" fan of cash. They got this printed onto a T-shirt, put it on, then went into Tommy's to formally withdraw the offer.
To this day I know not whether or not Tommy's staff even took note of said T-shirt, let alone realised it was exactly five hundred bucks. But, fuck, it was worth it for everyone else.
Dear real estate industry. We hate you. Sorry, it's how it is, now reform your sorry arses.
Dave
Signature needed. Apply within.
Ask,you will recieve.(Ex-Boer)
LOL... Can't wait!!! Our own wood burner to warm it up to!!!!!!
Possession date will be on the 3rd of August!!!
Scattering the morning dew
Well done Degrom.
When I bought my current place the offers and counter offers were going backwards and forwards and it started getting boring. So I said here is my final offer. I will not increase it. Do not even come back to me with a counter offer. Anyway the negotiations came to an end with the bid and offer some $20k apart. About a month later they rang up:"is the offer still on the table?". I said yep, at the same price as last time. I'm glad I stuck to my guns.
i recently bought a house that was for sale via a local agent.
we made a written offer through the agent, however after 3 days and no reply (over the weekend), i contacted said agent. he said 'i haven't taken it out to the vendor as he won't accept it - i know what his bottom $$ is'
really?
i knocked on the vendor's door (he lived elsewhere) with a written offer consisting of the offer the agent had refused to present, minus the agent's $15k (would have actually been $17k).
he accepted the offer at his kitchen table 10 minutes later.
agent jumped up and down, but vendor told him to fuck off, and that HE was in breach of the contract.
we lived there for 6 months, then sold it on tardme for $40k profit....
Ask,you will recieve.(Ex-Boer)
I think deciding on a price and sticking to it is the hardest things to do.
That is why sites like TradeMe can sell things for 50% more that what it's worth.. And I don't blame them. If you can't do your research and control yourself when you bid on an item it's your own fault.
Ask,you will recieve.(Ex-Boer)
Yes.. Private is the best way to go if you have time.
Tornado Alley
Ours was that simple... agents came through in numbers to look on the Monday, one said "I'll be back with a buyer tonight.."
I thought "crap" but at 7pm there she was with a client and by 8pm she was back with an offer $2k less than asking... cash buyer, unconditional. Had only signed up with the agents in the weekend, no time for ads to be placed or anything... but ads then placed and open homes held for 2 weekends following...none of this 2 weeks for ads thing then...
Lawyers taking over 2 weeks for a search??? You can't be serious!!!!!!!!!!
Forum whore
Not normally but we have to allow 15 working days when we are doing the contracts. But the point is it's not unconditional untill search has been done.
RIDE FOR THE CONDITIONS WHEN THEY CHANGE INCREASE YOUR SPEED
Hardcore Biker
The thing with real estate agents is that they are working for two people at once. Trying to get the highest sale price for the vendor, and trying to find a good deal for the purchaser. No wonder they charge so much
Seriously, anybody buying or selling a house needs to be clued up about all the issues brought up in this thread. It can be extremely confusing, especially for first time buyers. And it is really important to do your market research and know the value of a property when setting an asking price, or presenting an offer.
Agents can and do tell untruths sometimes, so whenever dealing with them be prepared to ask questions to get the bottom line.
But the best thing to do is find an agent you can trust, and deal with them. As was said before you can deal with any individual in an agency with that listing, and unless it's exclusive then I believe any agency can deal with the vendor (correct me if this is wrong)
Deus ex ukulele
Oh no they're not. They're working for themselves in a manner that secures them (the agent) the best possible deal in the shortest possible time with the least amount of effort required on their part. Occasionally this may coincide with the agenda of one of the other parties they are supposed to represent.
There is no reason why an agent cannot conclude such an arrangement on an hourly charge basis -- even if they charged something ludicrous like $400 an hour, most people would cop a lower charge than the $21,000 commission payable (at 3.5%) on the sale of a $600,000 property (net of "marketing" and other additional charges). Are real estate agents saying that it would take 53 exclusive hours of their time to sell such a property (assuming that they were to charge $400 an hour)? Are they also saying that it is harder for them to sell a property as the value of that property rises? If so, they should all be strung up by what passes for their genitalia.
Naked greed I can understand. The various other deceptions that seem to accompany this I find more difficult to swallow.
"Standing on your mother's corpse you told me that you'd wait forever." [Bryan Adams: Summer of 69]
Hardcore Biker
Hahaha, thats right, it's impossible to work for two people with obviously incomptible expectations.
parting of the sensory
Bullshit.The thing with real estate agents is that they are working for two people at once. Trying to get the highest sale price for the vendor, and trying to find a good deal for the purchaser. No wonder they charge so much
Agents are (in the final analysis) working for only one thing: their commission. And many of them don't earn it. They charge so much because they've got the whole real estate "industry" sewn up, with no real competition, and no real alternatives.
I don't know if anyone reading this thread saw a series of "Location Location" or one of those documentaries about parasitic creatures, but there was one episode with a Murkn who owned property on Waiheke (IIRC?). I don't remember the details, but the thing that stood out was that he was livid about the agents' behaviour and attitude. His agent was supposed to be working for him and trying to get the highest possible price, and the buyers' agent was supposed to be working for the buyers, and trying to obtain the property at the best possible price. Instead, his agent tried very hard to get him to drop his price, to achieve a sale no matter what (just to get her commission), and the other agents were working hard to get the buyers to raise their price so they could achieve a sale, no matter what. He was really pissed off, and said basically that the situation was arse-about-face, and that neither agent was doing their job properly, and that things were different in the US, where the agents actually did work for their commission and did represent their clients, and did do the job they were paid to do.
That's the thing that pisses me off the most - the agents' bottom line is "I want my commission, at no risk to me, no cost to me, and with the minimum effort on my part". If you list a house, ALL the costs are yours, ALL the risks are yours, YOU do all the work to make your house as attractive for sale as possible, and pay for any extra advertising or a higher profile.
It makes pharkall difference to the agent's commission if you lose a significant amount in achieving a sale, so they don't care. Many of them will do anything they can to get a commission, including lying, misrepresenting things, using psychology to make you scared the property you're selling won't sell, or the one you're buying will get sold to someone else, etc. etc.
... and that's what I think.
Or summat.
Or maybe not...
Dunno really....
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