Jump to content

Would you enquire about a house with no price?


  • Please log in to reply
75 replies to this topic

#1 RachelT

Posted 06 November 2012 - 09:01 PM

So as the title says, our real estate agent has suggested not puting a price on our home for at least the first 2 weeks of advertising, just to get the potential buyers feedback and see where they think the house is worth, and then maybe after that add a price. There will still be a price in the 'background' so it comes up in the right searches online. Hubby and I thought it was a good idea but my parents said tonight they get annoyed with no price and always assume its more than they thought so they don't even bother with homes with no price guide, so wdyt?

#2 *molly*

Posted 06 November 2012 - 09:04 PM

No, I wouldn't bother chasing it up unless I happened to be very keen. I'm one who gets annoyed with no price or auctions without an accurate price guide. Why waste my time making inquiries or falling in love with something that's potentially out of my price range?

#3 B.feral3

Posted 06 November 2012 - 09:04 PM

We've been house hunting for 6 months and I look at the new listings daily.
I do the same as your parents.

#4 twinboys

Posted 06 November 2012 - 09:04 PM

TBH - if I don't see a price on anything I don't bother looking.

But if you have chosen the right REA they will know what works best to sell your home in that particular area!


#5 Broxie

Posted 06 November 2012 - 09:06 PM

I likely wouldn't persue

#6 Gumbette

Posted 06 November 2012 - 09:06 PM

I hate auctions, so there is next to no chance I'd enquire about a house with no price.

#7 Madnesscraves

Posted 06 November 2012 - 09:09 PM

No price = no looky.

It grates me just like 'offers over'

Just have a set price and ill consider the house!

#8 WibbleWobble

Posted 06 November 2012 - 09:10 PM

What your parents said. I once rang up about one with no price and the REA used it more as a fishing expedition at to what our budget was. Even by the end of the call I still didn't find out how much the house was.

I have also kept an eye on a few that were without price but in our search price bracket only to find several weeks down the track with a price they were way out of our price range.

Now I don't even bother to look at or enquire about a house without a price.

Edited by WibbleWobble, 06 November 2012 - 09:11 PM.


#9 emnut

Posted 06 November 2012 - 09:12 PM

no -personally I think agents recommend this as it benefits them - it helps them build a list of potential buyers for all properties they are trying to/will try to sell rather than being of benefit to you directly as a vendor (because generally they will only talk price with the prospective purchaser once they have details.

#10 Oma Desala

Posted 06 November 2012 - 09:12 PM

I wouldn't bother enquiring about a house with no listing price. I also pay no attention to auction listings unless they have a buyers guide attached. The only exception would be if it was my dream house and I haven't come across one of those in the 5 years I've been looking.

#11 Chelli

Posted 06 November 2012 - 09:14 PM

I'm another who wouldn't bother to enquire as I like advertising to be upfront. The "offers over" and "price between $x and $y" way of advertising also bugs me and I wouldn't bother with that either. I don't get the point because I wouldn't walk into a shop and pay top dollar for a pair of shoes that asked for an offer - I'd be looking for the lowest price.

#12 MrsW87

Posted 06 November 2012 - 09:14 PM

I have always believed, if you have to ask, you can't afford it. I probably wouldn't enquire unless I was really keen on the house.

#13 MARsmum

Posted 06 November 2012 - 09:17 PM

I don't agree about what others have said althought it really depends on where your house is located.  I live in inner city Sydney and basically every house is for auction without a price range or if it does say a price range, it is to let you know that they want lots of money!  So, for me, I never expect a property to have a price although that is the norm in my area!

#14 mum201

Posted 06 November 2012 - 09:18 PM

Unless it was my absolute dream home, I would cross that off my short list.
It's still a buyer's market (in Sydney at least), so you have a lot of competition, hence buyers can afford to just wipe a house of their short list.
I am wondering why the agent suggested this though...... Is it an unusual house and they don't have enough comparable recently sold properties to be able to find an accurate price point, or do you disagree with the agent's market appraisal, and they are trying to get feedback to condition you, the vendor, so you will 'meet the market'. As a former RE Agent I can't think of a reason they would think this would be a good idea in the current market.

#15 EBeditor

Posted 06 November 2012 - 09:21 PM

I have sold an apartment this way and we got the price we wanted. It seems to be the current way to sell in our area too (Sydney).

Basically they want to get lots of people to the open houses and get some feedback on price. Depending on how many interested parties there are they can decide to just allow offers to come in, name a price or go to auction. The minute you put a price on it you cap the eventual price OR you drive away people at the lower end.

What is more likely to turn me off is not having a floor plan on the internet listing. Drives me nuts!

#16 Silver Girl

Posted 06 November 2012 - 09:22 PM

Another who is like your parents. I hate wasting my time on an inspection only to find a house is well outside my budget.

Having said that,  where I live,  "POA" is annoyingly common.

#17 Guest_- Poppy -_*

Posted 06 November 2012 - 09:24 PM

No, I hate when real estate agents do that - its such a w**ky thing to do.

When I want to buy a house im serious, I mean buisness, I dont like to be stuffed around.

When I see P.O.A I just roll my eyes and dont even bother looking at the house.

#18 Feral_Mumma

Posted 06 November 2012 - 09:24 PM

I don't even look closer at the pictures and stuff if I'm dream house hunting if there's no price.

#19 Chchgirl

Posted 06 November 2012 - 09:25 PM

No, whenever I buy I avoid these listings at all costs and usually scroll through, no matter how nice the house looks.

I will be looking to buy again and sell my house  in 12 months as I want to move from Sydney, and as I will be looking out of Sydney, time is a premium so I will only go to open homes that have the prices listed in my budget.

Edited by Chchgirl, 06 November 2012 - 09:26 PM.


#20 Guest_- Poppy -_*

Posted 06 November 2012 - 09:26 PM

Plus there is something seriously wrong with your real estate agent if they cant tell you what your house is worth!

From experience I can tell you (and its a good general rule anyway) that when you sell your house you should meet with at least three different real estate agents (from different agencies) and get their opinion.

Edited by - Poppy -, 06 November 2012 - 09:28 PM.


#21 Lokum

Posted 06 November 2012 - 09:26 PM

I detest it, and rarely bother.

I know it's common in some areas, for some houses (generally $900K+), so I would assume it was very expensive. TBH, I think it's really slack of the agent. Unless there's something quite unusual about the house, or it's unusual compared to all the others in the area, they should have quite a good idea about what it's worth and how to market it.

In our area, it's quite common to quote an auction range (eg $680-740), but to expect up to 10% over the top end of the range (eg could go for up to $800. These I still look at, but not price at all? Can't be bothered with the game playing phone call with the agent while they ask me a whole series of questions about my circumstances. Makes me want to lie as well.

#22 zrello

Posted 06 November 2012 - 09:26 PM

I find its just an annoying way for agents to increase their database of potential buyers, and the price is always overpriced (from Melbourne western suburbs experience). Agents seem to do this when they know its overpriced but don't want to put people off straight away, same as not listing address, if its close to something unattractive.

#23 HubbaBubbaMumma

Posted 06 November 2012 - 09:27 PM

I'm with most, if there's no price then I wouldn't bother.

Agents seem to want to play this game with purchasers and to a lesser extent vendors when it comes to pin pointing prices.

It irritates me beyond belief. When we were buying I got to a pont where if an agent would be upfront with an approximate price of a property then I'd just walk away.



#24 EBeditor

Posted 06 November 2012 - 09:28 PM

The real estate agent will know what the market value is (and they would tell you before you sign with them), but the only real price of  a house is what someone is prepared to pay for it.

I agree that is is annoying for the buyers but it can work in favour for the vendors, if they have a desirable property in a popular location.

#25 Luxe

Posted 06 November 2012 - 09:31 PM

I've been researching what's on the market at the moment. I can't stand it when no price is listed. I don't know if it's in my budget or not. So it has to be something special for me to want to enquire. Like others have said, I assume it's too expensive for what I'm after. I also don't like that it forces me into contact with a real estate agent so soon and be required to give details and be quizzed.

Edited by Luxe, 06 November 2012 - 09:34 PM.





1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

A mum's tragic battle against inflammatory breast cancer

At just 37 years of age, with two young sons, Vicki was diagnosed with inflammatory breast cancer. Now her family wants all women to know the symptoms.

The business of babies around the world

Pregnancy and birth is an intriguing process no matter where you are in the world. One soon-to-be father gleans wisdom from a new guide.

Finding a positive path through IVF

It’s not surprising that IVF is often seen as a negative journey towards the ultimate positive, but having a glass-half-full approach can make a big difference to the experience.

Giving strangers the gift of parenthood

A mum explains why she and her husband are choosing to gift their leftover embryos to help strangers achieve their dream of parenthood.

Does morning sickness get better or worse with each child?

Just as every baby is unique, so is every pregnancy. And that means morning sickness can vary a lot, too.

What's so wrong with looking 'mumsy', anyway?

Why is it that the word ‘mumsy’ has connotations of such a negative nature – but seems to be the only other option apart from ‘yummy’?

Trying to speed up the inevitable

As the waiting game of late pregnancy continues, this mum considers a few things that might hurry things up a little.

One month later: where is William Tyrell?

It has been a little over a month since William Tyrell disappeared from his grandmother's home, 33 long sleepless nights for his family as they mourn the absence of their cheeky young boy.

Winter's child less likely to be moody: study

Babies born in the summer are much more likely to suffer from mood swings when they grow up, while those born in the winter are less likely to become irritable adults, scientists claim.

Single mum of two creates award-winning baby app

Suddenly single with a baby and an 11-year-old son, Tara O?Connell developed an app to improve the lives of mothers who were similarly overwhelmed.

Food for thought: looking after yourself as a new mum

As soon as your baby enters the world, everything else takes a back seat - even the necessities of daily life such as eating are severely compromised, right when you need energy the most.

'Grabbable guts' campaign aims to cut toxic fat

The Live Lighter campaign will take people inside the human body to show the internal dangers of being overweight.

The best and worst month of my life

A new mum's first month of motherhood didn't pan out as expected when she lost a family member weeks after her baby's birth.

Facebook and Apple offer to pay female staff to freeze their eggs

Facebook and Apple are hoping to provide women with the freedom to build their careers without the added pressure of having children at or by a certain age.

How a pregnancy contract could work for you and your partner

The idea of making a 'pregnancy contract' with your partner may sound a bit silly at first, but it can help make the transition to parenthood a lot smoother.

Finding a mum-friendly personal trainer

Burping babies vs burpees – yes, new mums and personal trainers live in different worlds. But they can work together - once you find the right match for you and your lifestyle.

Alleged baby snatch incident a ?misunderstanding?, say police

Police say that an incident in which a man pulled on a woman?s pram while walking a popular Sydney route late last month was a misunderstanding.

Ebola killed my aunt and is shutting down my country

Three weeks ago, my auntie, a midwife, developed a fever. Sitting here in Sydney basked in Australian sunshine, that shouldn't be big news.

The night my ovary burst

One mum shares her frightening experience and vows to never take her health for granted again.

Download now: Essential Kids Activity Finder app

Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Win 1 of 5 Canon Powershot D30 cameras

Capture life more easily with the Canon Powershot D30. Shockproof, waterproof and dustproof, you can take it almost anywhere and shoot beautiful images, time after time. Enter now!

16 parenting truths you won't find in the baby books

I am five years into this parenting gig and I’ve learnt that sleepless nights and changing dirty nappies are child’s play.

Best and worst potty party cakes

It's nice to celebrate a child making the shift from nappies to 'big kid' undies, but do we really need a semi-realistic used toilet cake to do it? Here are some of the best and worst cakes parents have used at 'potty parties' around the world.

7 tips for a financially festive Christmas

Plan ahead - and do it now - to ensure festive season expenses don't break the bank.

'Go the F*** to Sleep' author's new book for frustrated parents

A sequel is coming soon to the 2011 hit book 'Go the F*** to Sleep' - and this time, it's about mealtimes.

Great birthday party buys from Etsy

Handmade crafts to decorate and personalise your child's next birthday - from banners to cake decorations, we've got gorgeous party finds from Etsy.

Creative storage ideas for the kids' rooms

Creative and practical storage ideas for the kids' toys and books can also add some stylish decor to your home. Visit babyology.com.au for more stylish modern finds for hip kids & parents.

The mum who never met her baby

There was one more thing Kymberlie Shepherd wanted to experience in life - motherhood. But a rare illness took her first.

To the mum in the doctor's waiting room

Maybe the mum I saw in that waiting room, seemingly disconnected from her baby, doesn’t have the support she needs.

10 space-saving nursery ideas

Starting a family doesn't always mean moving into a bigger house - not yet, anyway.

 

What's in a name?

Baby Names

Looking for a classic name, or an unusual name? Our Baby Name Finder is for you, search or browse to refine your shortlist.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.