Jump to content

Would you enquire about a house with no price?


  • Please log in to reply
76 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 Feral 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

 

Clever panda fakes pregnancy

News that a giant panda was pregnant prompted much excitement, but it appears there were never any cubs on the way.

'I survived placenta percreta'

When writing her birth plan, Simone Pavil included an item most women wouldn?t even think about: what should happen if she was put on life support. The mum had the potentially fatal condition placenta accreta.

Managing personal space as a mum

In the midst of the early parenting years, our bodies and minds can seemingly be overtaken by our offspring. How can we balance our need for personal space with the needs of our children?

'If love could have saved you, you'd have never left'

The words "spontaneous abortion" on the hospital paperwork really got to me. My baby died; I didn't spontaneously decide to abort him.

15 classic Aussie ads

Watch some of the classic Australian ads of the 80s, 90s and 00s, and remember the catchphrases and jingles we all used to know so well ...

For and against

Should Blue Ivy have been at the VMAs?

Many were quick to condemn Beyonce and Jay Z after appearing on stage at the MTV Video Music Awards with their two-year-old daughter, but others thought it was a sweet family moment. What do you think?

Toddler attacked at gym creche

Two-year-old girl Eva Ness was left with a black eye and bite marks on her face and body after an altercation with an older child at a health club's child-minding facilities. Now her parents are calling for the centre to be closed.

Pregnancy a tricky matter of timing for FIFO couples

Manipulating rosters, coordinating 'conjugal' visits, working on site with your partner; getting pregnant can prove stressful for FIFO workers.

WIN a $100 RedBalloon for Dad

Enter now for your chance to win 1 of 5 $100 RedBalloon experience vouchers. Helping you make Dad's Day EXTRA HAPPY.

Carseats have twice as many germs as a toilet

Most parents know their child's carseat is not always squeaky clean, but they might not realise just how dirty it really is.

Doctors remove foetus from 'medical marvel' after 36 years

Doctors in India have removed the skeleton of a foetus that had been inside a woman for 36 years.

Nine months in six seconds: new parents' Vine clip a hit

We?ve seen some memorable time-lapse pregnancy and birth announcement videos before. Now one new couple has taken it to the extreme, capturing it all in just a six-second Vine video.

Sonia Kruger speaks of baby joy

Celebrity mum-to-be Sonia Kruger has spoken candidly about using donor eggs and IVF to fall pregnant at age 48.

Dressing to not impress: life through the eyes of a three-year-old

When it comes to getting dressed, my three-year-old has only one criterion: ?I don?t want to look beautiful.? And now I've worked out why.

Special nappies made with love for angel babies

Angel Baby Nappies make and provide tiny bereavement cloth nappies for pre-term stillborn babies and premature babies who pass away in the NICU.

Inside the brain of a tantruming toddler

What's going on in your child's mind in the lead-up to a tantrum? And what?s the best way to respond?

5 secrets to a long-lasting relationship

When it comes to keeping your relationship strong, it?s what you do - and not what you want - that really matters.

When 'furbabies' meet real babies

I am obsessed with my dogs, and can't imagine loving them any less once my baby arrives. But that doesn't stop everyone from telling me I will.

The least popular baby names of 2013

Looking for a baby name that?s nowhere near the top 10 ? or even the top 1000? Try the bottom five.

'I was so sleep deprived I crashed my car'

There are no laws regulating driving while tired, but statistics show that driver fatigue is one of the top three contributors to the road toll.

Win back some precious time and get FREE coupons

Membership to eBay's Bubs? Corner is free and includes a $10 coupon to spend on nappies each month - a win for multitasking mums!

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 a $100 RedBalloon for Dad

Enter now for your chance to win 1 of 5 $100 RedBalloon experience vouchers. Helping you make Dad's Day EXTRA HAPPY.

Win back some precious time and get FREE coupons

Membership to eBay's Bubs? Corner is free and includes a $10 coupon to spend on nappies each month - a win for multitasking mums!

Do you suffer from Precious Firstborn Syndrome?

Testing ?no more tears? shampoo in your own eyes, warming cucumber sticks so they're not cold straight from the fridge, waking a sleeping baby to check they?re still breathing: these are all symptoms of Precious Firstborn Syndrome.

Ezra's tragic death not in vain, mum says

Little Ezra was a "Harry Houdini" who loved trying to escape the family home. Now, after his tragic death, his parents are doing what they can to help others.

7 mistakes old hands make with new babies

As I sat across the table from my friend ? me, a seasoned mother of three; her, a brand new mum ? I thought of all the mistakes an old-hand parent can make when visiting a newborn baby.

Video: When adults act like children

Ever wondered what would happen if adults were allowed to act like children? This dad's hilarious video clip will give you an idea of what life would be like.

Mums hit hardest as flu cases skyrocket

The number of confirmed cases of influenza in Australia has doubled the number for the same time last year - and women are 25 per cent more likely to get it.

The mum who had four babies in nine months

Feeling exhausted due to the demands of caring for a baby? Imagine the life of this mum, who gave birth to three boys and one girl in just nine months.

Everything baby at Big W

Lowest prices on everything baby, only at Big W. Sale starts August 4 and ends August 20 2014.

Going viral

Weirdest pregnancy products

From pee stick keepers to stylish sick bags, there are some very strange inventions out there for pregnant women.

Personalised baby gifts

We've scoured the internet to find gorgeous personalised keepsakes and nursery decor to record baby name and dates. They make great gifts for christenings, name days and birthdays! (All prices in AU.)

 

Mind, body, beauty, life

Making time for me

We look at your wellbeing, covering health, relationships, beauty and fashion, mind and body.

 
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.