- RoseMember@roseJoin Date: 2004Post Count: 27
I am going to look at a unit priced at $155k+ – what does the plus mean – does it mean they may sell it for minimum $155k ? Should I bid a little more than the minimum like $158? The unit is to be sold via private sale if they get the price they are looking for.[blink]
Any advice would be really appreciated.
Rosesusieq22Member@susieq22Join Date: 2003Post Count: 23
After working with some real estates, I have found that the plus sign eg. 155,000+ would be the lowest price the owner would be happy to sell at and they are looking for a buyers over this price. If they don’t get any buyers then they might take less than this price. Hope that helps.
[suave2]melbearMember@melbearJoin Date: 2003Post Count: 2,429
Yep, my understanding is that they ‘want’ more…. But that doesn’t mean that you have to offer more.
I think if they want a higher price, they should advertise at a higher price…
MelCeliviaParticipant@celiviaJoin Date: 2003Post Count: 886
Agreed, Melbear. I was told by several agents that this is the minimum prize the vendor will accept.
But one agent told me: Ignore the +, it sometimes means what the vendor wants, not what the market value is.
CeliviapetersemailMember@petersemailJoin Date: 2003Post Count: 13
I beleive the plus can be no higher than 10% of the sale price. Check this with the agent.
Another argument is that they promise the seller a higher price than they can get. So the agent advertise for a low price to get people to look and then try to push the price up.rebecca2Member@rebecca2Join Date: 2003Post Count: 54
I have just finished a real estate rep course, and put a reno on the market. I belive that the + means that the vendor wants more than the amount stated and that they believe the market is still rising. They use this + to gain more for the property rather than the usual less when a straight figure is listed. e.g . If the amount is $200,000 to sell then they will probably get less than than $200,000 but with a plus the figure they should get more.
“You have to leave your mouth open for a very long time before a roast chicken flys into it.” Early Proveb.CeliviaParticipant@celiviaJoin Date: 2003Post Count: 886
Exactly, petersemail, that can happen.
The same can also happen with a prize-range.
I know of vendors who were selling and the RE agent used a price range, but there was no way the vendor would have wanted to sell at the lower 2/3 of this range. I think in this case the lower part of the price range was merely set up to attract potential buyers.
Celiviakay henryMember@kay-henryJoin Date: 2003Post Count: 2,737