2 ms·
The asking price thing really messed with my mom's mind. She was trying to buy a home and everywhere she read she had to bid at least 25% over asking. And then
by tinco 5y ago
The asking price thing really messed with my mom's mind. She was trying to buy a home and everywhere she read she had to bid at least 25% over asking. And then she just added 25% to each listing and considered what was in her price range. It was really hard to convince her to make an actual estimate of the house's value and make a bid according to that, disregarding the asking price and the dumb 25% rule.
It was super stressful but eventually she succeeded.
- brtkdotse 5y agoThis has been standard practice in Sweden since the early 2000s. No one ever sells at the sticker price, the apartment is shown Sunday and Monday, then a 2-3 day bidding war breaks out and the sale closes on Wednesday. If the bidding war isn’t as successful as the seller wants the apartment is taken of the market for a week and then reappears with at 30% price jack and a title that says “fixed price! First come first served”