My parents raised me with the belief that I should never accept full price when buying a big-ticket item – a new television, a car, a kitchen, a house. For the past four months, my husband and I have viewed several houses while we wait for someone to buy ours, all the while confident that we might receive an offer soon. Yes, we will probably only break even on the original price we paid for our property, but that is simply how it is these days. We cannot be choosy.
I am surprised that we haven’t yet received a single offer on our house. Not one sniff of interest. The feedback varied from “we don’t like the neighbourhood,” to “it’s a good size, but it needs decorating.” I was very cross about that last point. We know it needs decorating. We also know that the effort of packing up and moving out all our furniture, disturbing the children, and paying out for storage, paint, and possible plastering, is not really something we can manage right now. That is why we would accept a lower offer from a buyer, to account for this additional need.
We recently had a talk with a local estate agent while we were viewing a house. I mentioned my surprise that we hadn’t yet received an offer. My belief was that we start low and build it up from there, which is what my husband and I were planning to do when we put an offer on another house. Apparently, they don’t do it that way anymore. It seems that house buyers have lost the ability to barter. They simply see the market price, and go for it if they can afford. Does that ring true for you, my house buying friends?
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