"Mike Mitchell" wrote in message
...
On Mon, 30 Aug 2004 19:55:12 +0100, Janet Baraclough..
wrote:
The Scottish price system works from the bottom upwards; IOW, the
price the seller asks is only the bottom "reserve" for a blind auction
system.
And it is this one significant feature that makes it grossly unfair,
in my opinion. It is a method for cheating buyers out of their
hard-earned wherewithal instead of playing fair with them. Question:
but you if you KNOW the market value then that sets your benchmark. The OO
price is irrelevant.
What it does sheat you out of is either the £150 valuation survey, or if you
want to go it alone the couple of quid it takes to look up the land registry
so that you can find out what teh house across the street sodl fo rlast year
(which from what I can work out is how the surveyor does it anyway)
If this is such a wonderful system, why are new homes not sold in this
While its not a wonderful system it is not as bad you make out, and a lot
better than many other system. It can sound horrendous and occasionally
there may indeed be a real horror story, but this is not down to the seller
it is gerneally down to eth bull**** from the estate agents
manner? Why are eggs, butter, bread, milk, cars, boats, trains, or
planes not sold in this manner? What other material good can you name
that keeps the price a secret that you have to guess?
ever bought anything at a nationwide type builders merchant?
Generally I prefer not to pay their over inflated list prices where
possible, but if you're doing enough business with them then things are a
little more reasonable. They tend to operate with an offers under sort of
system. I can walk in and pay their list price or make an offer and perhaps
save 40% off the original £500 order say, (but that's really a secret,
you've got to be in the club and know the password to play), in the case of
selling houses the estate agents and solicitors have there own wee club, but
again if you know the people to talk to then you know exactly how much you
should pay to within £500. My solicitor has always been happy to help out
You can make somebody an offer for anything, all they can do is refuse, the
RRP is after all only a recommendation.
cheers
David
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