Agent wants 10% deposit for private sale?

[The Y-man]

wouldn't they always go for the one with highest offer? more $$$ for their effort?

I personally went for certainty than the amount when selling - because i needed assurance of paying my committments than making max profit at the time.

This is where you really need to get into the head of the vendor - why they are selling.

Remember as a vendor, the minute you accept a conditional offer, you can not accept any other offers. If the conditional offer bombs, you need to contact anyone who might still be interested, do open for inspections, clean up the yard etc. That could waste you weeks of time, as well as cost you hundreds in interest costs etc.

Back to the topic of the this thread - a full 10% put down with the offer *may* indicate to the vendor you are "cashed up" and aren't going to stuff around with getting finance organised etc etc etc.

Cheers,

The Y-man

 

[s050399b]

hmmmm, interesting,
icic, thanks Y-man!!

btw, what does the Y in Y-man stands for?

Yes-Man?

 

[The Y-man]

To me, in the ACT, a "private sale" is one where there are no agents involved, and i, as a purchaser, is buying a house directly off the vendor - with no middleman/hungry agents in the way.

If not, I would be buying "through an agent".



G

So an ad like this will cause untold confusion!

http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=106103242&t=res&s=vic

Cheers,

The Y-man

 

[buzzlightyear]

wouldn't they always go for the one with highest offer? more $$$ for their effort?

I have in the last week had an offer on a property accepted before auction primarily because I commit to doing the settlement within 35 days and specifically before Christmas. The price was obviously acceptable but they wanted out quickly and I was in a position to I believe get a competitive price primarily because of a non-price factor.