express sale?

[Oshawott]

sorry for silly question.

if a property is listed as express sale with no price, what exactly does it mean?
quick settlement?

 

[Scott No Mates]

A gimmick! Looks like there's some urgency in offloading the property when there isn't.

 

[thatbum]

sorry for silly question.

if a property is listed as express sale with no price, what exactly does it mean?
quick settlement?

The agent probably has no idea how to price the place.

 

[Singo]

The agent probably has no idea how to price the place.

And if it is a seller's market, it makes the buyer (who already has missed out a number of properties) panic and offer way over the expectations. I have seen this happen in a few suburbs.

 

[TMNT]

it means once you buy it, they will send you all teh docs via express post!

 

[Scott No Mates]

it means once you buy it, they will send you all teh docs via express post!

Prolly the only thing express about it

 

[neK]

Marketing ploy.
Means nothing.

 

[mumbai]

century 21?
Almost every ad they have 'express sale' mentioned.

 

[mrsdawnrazor]

Fishing for a price to see if someone will overpay, or finding the level of the property in the market

 

[Oshawott]

yeah century 21 ad. agent never replies to email query anyway.

just thought express sale actually meant something. i hate gimmicks.

 

[BMW]

They do it to get more people in to view the property based on what they want i.e. 3 bedroom with yard, rather than the price. Call the agent and ask for a guide price, they will still give you one.

 

[travelbug]

First time I saw it I asked as I thought it meant express as in fast but no it meant express as in expression of interest.

I don't like it as a sales technique. Yes I know the prices in the area but I have no idea what the vendor expects so may be wasting my time doing the numbers and puting in an offer.

 

[knightm]

First time I saw it I asked as I thought it meant express as in fast but no it meant express as in expression of interest.

I don't like it as a sales technique. Yes I know the prices in the area but I have no idea what the vendor expects so may be wasting my time doing the numbers and puting in an offer.

Yep its just a shot in the dark from selling agents wanting to generate a quick outcome. Panicky buyers might overpay, not sure how the bank valuers feel about that...

I tend to either lowball or wait until it doesn't sell and gets a price put on it, at least then you can bracket the negotiations a little easier. If someone is emotionally attached obviously its fine to run an estimate and pay fair market price for it whatever the marketing method.