So, when is the right time to offer more than the list price for a house? I own a property portfolio across Europe but that doesn't mean I think you should to! LOL. "... when it is of little financial benefit to them; No, because it was an expensive item and didn't trust a 0 feedback buyer one way or the other. The ratio of selling price to asking price is a useful metric not only in home sales, but in any situation where value is determined by negotiations between buyers and sellers. Consider offering list price if you really like the house, and think — based on those comps — that the asking price is fair. In numerical terms, a seller wants a sale-to-asking price ratio of something like 105%, while a buyer would prefer a ratio that's closer to 90%. In these instances, weigh up your options and stay level-headed. If the asking price is already stretching your budget to its limit, bidding more could put you in a bad financial position—especially if market prices are overinflated. The amount can be a few thousand dollars above asking price, but in some situations, buyers have been known to offer tens of thousands of dollars over the listed prices. 15 percent is a massive premium for whatever it is. If so yes would definitely take 15% off. Going in with an over-the-top offer could cost you more down the line. Most likely someone who has no idea how Best Offer is supposed to work. Sadly, many buyers just don't trouble to learn the rules of the site they buy on, or how things work. For example, is it the norm at the point that you are buying for property to be selling at 10% below the, "... Story - A Property on the Market for 14 MonthsA house had been on the market for fourteen months in Northchurch Terrace, N1. Introduction to Public Offering Price (POP). "... should take into account any factors that may have caused the cycle to vary. The opening price is thus the first opportunity for the public to purchase shares and it is set purely by supply and demand, as buy and sell orders queue up for the first day of trading. Why would someone offer $5.01 more than the asking price on a buy it now listing? However, if the asking price is $100,000 lower than your maximum reasonable purchase price, you’ll have much more flexibility in submitting a high offer for a dream home. The vendor had verbally accepted an offer £5,000 below the, "... original buyers had already, to some extent, damaged their standing in the vendors eyes by suddenly coming up with an extra £5,000 but they then compounded this by saying their sealed bid would be £137,500, the same as the, "... could be further from the truth and so pitching an offer in a certain way should ensure your expectations are actually met. Istory Sat 05-Sep-20 21:38:14. As a buyer Asking Prices are a guide that you can only make sense of when you understand the local market. Rewording and republishing what is available freely from most websites anyway. The calculation Figuring out this ratio, also known as the sale-to-list ratio, is a simple three-step process: As an example, let's say the selling price is $289,000, the median selling price for a new home in the U.S. in December, 2015. Individual investors should not be too upset about missing out on the offering price because many IPOs hit a patch of post-IPO blues where they can be snapped up below the offering price as initial market expectations and a company’s performance in reality finally collide. I have had many scam experiences as a powerseller. Hop over to The Motley Fool's Broker Center and get started today. - Choosing your Offer Level - Seemed on the level. Offering significantly under asking price (15%) (39 Posts) Add message | Report. The asking price is simply a price decided between an estate agent and a seller and doesn't mean it's what the house is worth, it's simply what they want. If the vendor is stuck in £X they will tell you. I was confused just like you - but the feedback profile and paypal info checked out. Not everybody on ebay is a bottom-feeder. Continuous commentary banging on about how great property is and that it is the only place to put your money! The ebook that has saved thousands of buyers and sellers time, stress and money. Blank pages and spaced out text to make the book seem bigger. Conversely, a home buyer wants to negotiate the figure down as far below the asking price as possible. Narcissist turned people against me..aibu to fight back? The exception would be if you were offering perks to the seller for the lower price — like a super speedy closing, not asking for any repairs following an inspection, etc. The offering price is the per-share value at which publicly issued securities are made available for purchase by the investment bank during an initial public offering (IPO). Divide the selling price by the asking price. Ebay had the $14 prefilled. What people have previously speculated can indeed be true. I annoy and irritate my husband and I can’t change I’m so upset. Buyer with 0 feedback so I either smelled a newbie or a rat. For a home that is priced at $300,000, asking for 20% off asking price could save you a whopping $60,000!