[PropertyGeniusMember@propertygeniusJoin Date: 2013Post Count: 6]

April 22, 2013 - 9:21 pm

Ok, well I guess we'll agree to disagree. Good luck with your site Luu.

[PropertyGeniusMember@propertygeniusJoin Date: 2013Post Count: 6]

April 22, 2013 - 9:20 pm

Oops posted twice

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April 22, 2013 - 11:10 am

Hi Joey,

Have you tried one of the online calculators the big banks provide? A quick way to get an idea of general capacity.

[PropertyGeniusMember@propertygeniusJoin Date: 2013Post Count: 6]

April 22, 2013 - 11:04 am

As alfrescodining mentioned above, I'm doubtful a 5-10% discount would get anyone to sign up to a 'group buying' scheme. Not to mention, by the time you get 5 buyers together, you will likely have drop outs which makes this very difficult to work. What stops me from registering interest and never following through? Wouldn't that just create a headache for everyone (unlikely anyone will put down a deposit that early in the process).

FYI I have no idea who Luu09 is. 

[PropertyGeniusMember@propertygeniusJoin Date: 2013Post Count: 6]

April 21, 2013 - 10:30 am

I'm curious as to how this can work for real estate. With consumer goods people can make a payment straight away, hence groups of buyers can be attained quickly. Now with real estate, most people need to sort out financing, does that mean you will wait until everyone has financing before the group buy goes ahead? Otherwise wont you just be buying one by one, which kind of defeats the ability to gain bargaining power in a group?

[PropertyGeniusMember@propertygeniusJoin Date: 2013Post Count: 6]

April 21, 2013 - 6:14 am

Unfortunately feels a little too common with agents, but I guess it goes hand in hand with any sort of sales related industry. Some handle the stress well, others fail miserably – he was probably just having a bad day.