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What's the difference between "Region" and "Excess"?

  • 19-06-2008 7:28am
    #1
    spupazza
    Registered Users, Registered Users 2 Posts: 322 ✭✭


    Hi,

    I was looking on daft.ie advertisements for sales of properties.
    I've noticed that some adverts has wording "region" in front of the price, some adverts has the wording "excess".
    What's the difference?


Comments

  • #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Excess generally means they are seeking greater than the advised price level, whereas region would indicate that while they are advising a particular price, that they are open to negotiation. In the current market I'd ignore both to be honest, and whack in what you consider a reasonable offer. I'm going back to a house next week with an excess pricetag on it- I advised the estate agent I did not consider the valuation to be either reasonable or realistic- to which I was told- that the seller was open to discussion, providing she wasn't insulted by the offer. She knows the market has changed. So too apparently have people's expectations. High time.


  • #3
    spupazza
    Registered Users, Registered Users 2 Posts: 322 ✭✭spupazza


    smccarrick wrote: »
    Excess generally means they are seeking greater than the advised price level, whereas region would indicate that while they are advising a particular price, that they are open to negotiation. In the current market I'd ignore both to be honest, and whack in what you consider a reasonable offer. I'm going back to a house next week with an excess pricetag on it- I advised the estate agent I did not consider the valuation to be either reasonable or realistic- to which I was told- that the seller was open to discussion, providing she wasn't insulted by the offer. She knows the market has changed. So too apparently have people's expectations. High time.

    Thanks a lot for all your advices, as I didn't suspect you could negotiate on the price.
    If I'm not too curios can I ask what was the price requested and what your offer?


  • #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    spupazza wrote: »
    Thanks a lot for all your advices, as I didn't suspect you could negotiate on the price.
    If I'm not too curios can I ask what was the price requested and what your offer?

    500k requested and considering offering 445k (I haven't actually made an offer yet, I have a few queries about the property regarding planning, sewage, BB availability etc..... that I want satisfactory answers to before I make a firm offer)


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