Thanks for everyone who offered the help and hints with the negotiations on the forum and also privately. Highly appreciated.
A little bit update.
We spoke with the other agent in the area, who knows the house and gave the owner price valuation prior them to putting it for sale. He recons that the property is worth $1.3 - $1.4m, but the owners wants $2m for it. Naturally he did not get the listing
We sent our friend to open inspection yesterday and he delivered the message to the agent that the property is not worth the price inside the price range. It seems to be that all other people have delivered the same message. We spoke to REA last night and he told us that the owners are stubborn and wants the price upper end of their price range. He also mentioned that because the owners are not prepared to meet the market, REA might give listing away. He mentioned that no point to try to market the property when market clearly rejects the vendor's price. Never heard that before
So we decided to move on and let the property sit on the market. If vendors change their mind later and price comes down to 'the normal level' and if we are still on the market, we'll give it another consideration. But for now we are looking for all other opportunities.
Positive news for this week is that we received the valuation for our house and it exceeded our expectations.
A little bit update.
We spoke with the other agent in the area, who knows the house and gave the owner price valuation prior them to putting it for sale. He recons that the property is worth $1.3 - $1.4m, but the owners wants $2m for it. Naturally he did not get the listing
We sent our friend to open inspection yesterday and he delivered the message to the agent that the property is not worth the price inside the price range. It seems to be that all other people have delivered the same message. We spoke to REA last night and he told us that the owners are stubborn and wants the price upper end of their price range. He also mentioned that because the owners are not prepared to meet the market, REA might give listing away. He mentioned that no point to try to market the property when market clearly rejects the vendor's price. Never heard that before
So we decided to move on and let the property sit on the market. If vendors change their mind later and price comes down to 'the normal level' and if we are still on the market, we'll give it another consideration. But for now we are looking for all other opportunities.
Positive news for this week is that we received the valuation for our house and it exceeded our expectations.
Last edited: