r thritis Posted March 11, 2008 Share Posted March 11, 2008 £299,995 (Fixed Price) A larger than average five bedroom three storey detached property on the xxx development, built by Persimmon to their Newbury design. The spacious home comprises: Entrance hall, study, downstairs cloakroom, dining room, living room, kitchen/breakfast room, utility room, conservatory, m... Why fixed price? What's the point of stating that? If I walked up with 295K in cash, do you think they would say "Sorry - push off. Its a fixed price". Quote Link to comment Share on other sites More sharing options...
Bearback Mountain Posted March 11, 2008 Share Posted March 11, 2008 Probably just a subtle way of saying, dont even think about taking the piss. Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted March 11, 2008 Share Posted March 11, 2008 Why fixed price? What's the point of stating that?If I walked up with 295K in cash, do you think they would say "Sorry - push off. Its a fixed price". Won't haggle? Quote Link to comment Share on other sites More sharing options...
Guest Shedfish Posted March 11, 2008 Share Posted March 11, 2008 because they want everyone but the most foolhardy and deluded buyer to totally ignore their house until they are forced to blink, swallow their arrogance, and reduce the price? no one reads ads that say 'fixed price'... Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted March 11, 2008 Share Posted March 11, 2008 What if you walked in with 325k in cash? Would they say "sorry this house is 295k, push off". It's like "Offers over"... The best line EAs use is "Must be viewed to appreciate ..." Only a complete tool buys a house they have not even viewed. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 11, 2008 Share Posted March 11, 2008 I've thought this, too! Basically, it means "the vendor is going to be a complete pain in the **** to deal with, so stay away". Quote Link to comment Share on other sites More sharing options...
lulu Posted March 11, 2008 Share Posted March 11, 2008 because they want everyone but the most foolhardy and deluded buyer to totally ignore their house until they are forced to blink, swallow their arrogance, and reduce the price?no one reads ads that say 'fixed price'... Maybe they are looking for a Scottish buyer? Up here the majority of property I see is advertised as 'offers over' and the general rule of thumb is to add something like 10% to this value. That is until the seller gets really desperate and it moves to 'fixed price' in the hope that the buyer is encouraged to buy as they are no longer drawn into some kind of bidding war - I doubt it means that the buy pays much less than otherwise but the more 'fixed price' properties around the general concensus is that the market is weaker (well that is how they seem to do it up here in Scotland anyway). Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted March 11, 2008 Share Posted March 11, 2008 It's the equivalent of a small child covering its ears and saying "I can't hear you." Quote Link to comment Share on other sites More sharing options...
_w_ Posted March 11, 2008 Share Posted March 11, 2008 Why fixed price? What's the point of stating that?If I walked up with 295K in cash, do you think they would say "Sorry - push off. Its a fixed price". It's the same as 'Mark to model'. The seller must be a banker. Quote Link to comment Share on other sites More sharing options...
huw Posted March 11, 2008 Share Posted March 11, 2008 Why fixed price? What's the point of stating that?If I walked up with 295K in cash, do you think they would say "Sorry - push off. Its a fixed price". Could be the minimum they need to move, they may have beaten the next person in the chain down as far as they can (or the next person won't budge). Quote Link to comment Share on other sites More sharing options...
jonewer Posted March 11, 2008 Share Posted March 11, 2008 Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 11, 2008 Share Posted March 11, 2008 Why fixed price? What's the point of stating that?If I walked up with 295K in cash, do you think they would say "Sorry - push off. Its a fixed price". I'm waiting for one marked 'special price, today only' Quote Link to comment Share on other sites More sharing options...
Gurgle Posted March 11, 2008 Share Posted March 11, 2008 I'm waiting for one marked 'special price, today only' Seen one of those already. New build. Small developer (2 houses on the site only). Special deal for people signing up about 4 weekends ago. Still on the market Quote Link to comment Share on other sites More sharing options...
Gurgle Posted March 11, 2008 Share Posted March 11, 2008 Another new ploy from a local small-fry "bespoke house builder". They've obviously bought some land and don't have the cash flow to build the house so they're offering to build you the house of your dreams.. I suspect that the rub is you pay as you go, not when its fininshed. Quote Link to comment Share on other sites More sharing options...
symo Posted March 11, 2008 Share Posted March 11, 2008 Fixed price actually means; Mew'd owner screwed. Quote Link to comment Share on other sites More sharing options...
Bingley Bloke Posted March 11, 2008 Share Posted March 11, 2008 Here's something more annoying... POA! How fecking arrogant must someone be to expect me to submit an application to find out what the price is? Quote Link to comment Share on other sites More sharing options...
Dead Spider Posted March 11, 2008 Share Posted March 11, 2008 Reminds me of this pad I found for sale in April 2006 (see attachment) . It's still on Rightmove though showing as SSTC http://www.rightmove.co.uk/viewdetails-665...=6&tr_t=buy Quote Link to comment Share on other sites More sharing options...
Mr Nice Posted March 11, 2008 Share Posted March 11, 2008 It's like someone previosly said. Fixed Price is a Scottish thing, and means almost the opposite of what it would in the rest of the UK. they are not saying, "Fixed Price, don't even bother haggling with us." it's that usually the price given is basically a starting point, and you are expected to offer over from there, the winner obviously being the one who offers the most. a fixed price basically means that they are at the end of their rope, and aren't expecting much bidding action and just want to be done with it. and very likely you COULD go in with a few tens of K lLESS than the fixed price and walk out with a sale. Fixed prices are bear food. Quote Link to comment Share on other sites More sharing options...
r thritis Posted March 11, 2008 Author Share Posted March 11, 2008 It's like someone previosly said. Fixed Price is a Scottish thing, and means almost the opposite of what it would in the rest of the UK.they are not saying, "Fixed Price, don't even bother haggling with us." it's that usually the price given is basically a starting point, and you are expected to offer over from there, the winner obviously being the one who offers the most. a fixed price basically means that they are at the end of their rope, and aren't expecting much bidding action and just want to be done with it. and very likely you COULD go in with a few tens of K lLESS than the fixed price and walk out with a sale. Fixed prices are bear food. Strangely, this one is in Wiltshire. Maybe a Scottish owner? Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 11, 2008 Share Posted March 11, 2008 Went throught 90 pages of Rightmove listings (updating Property Bee) and saw 5 or 6 "fixed price". Unless they've moved ST3 into Scotland, I'd say it was arrogant owners more than anything. FWIW, one property went UP by £50 Quote Link to comment Share on other sites More sharing options...
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