An Example of a Lack of "Good" Buyers

bubblesmoney

chickmug wrote: »

BubblesMoney

Just read your post from this morning and been looking at some of your other posts. Please, please, please don't take this the wrong way but your posts are very hard to read easily due to the length and way they are written. If you made shorter and spaced out more I for one would find them easier on the eye and I would be more inlclined to reply.

You know it is odd because whilst I am a a MNEA and MICBA I have only ever had one complaint about me to them. The NAEA were very short with me until I gave my side and they realised it was someone with time on their hands making mischief. Incidently it was a retried Solicitor who went on to complain about our sales details and again I spent several hundreds of £'s with my solicitor who advised he (the retired solicitor) did not have a claim.

Why the above paragraph - because now you ask who to complain to I guess it s from NAEA, OFT, TS and see wherever else each will suggest to you. From what others say it seems prudent to always ensure the sellers get a note from those putting in offers to make sure they are being informed.

On the filtering/vetting I am astounded to hear your comments. It seems like some EA's are being totally unreasonable and again I would call the NAEA to ask what they feel is reasonable.It is only when more make these calls and complaints will the professional bodies take more note. All else fails I would go and see my MP as I have done many times over the years but mostly to support the more timid people I have known.

Again sorry about my comment in the my 1st paragraph.

thanks for ur comments. i do know the way i write bugs some people. but guess it suits others. no offence intended in the way i write btw.

NAEA i guess is national assos of EAs

but dont know what the other 2 shortforms u reffered to mean(MNEA and MICBA).

yes i know some EAs are unreasonable. i lost it when the EA wanted to make copies of my ISAs etc as proof that i had adequate deposit. but they werent prepared to let the offer go further without proof of adequate funds. they werent happy with me offering to get solicitors letter. finally i let them have a piece of my mind when i had enough of them making me dance even after seeing the originals of my finances and i refused them to have any copies of the same. i gave them the copies of the mortgage in principle letters etc and said to forget the offer if they werent happy after seeing my original finance documents which included payslips, letter from employer about payscale, bank statements, ISAs and someother investments etc apart from 2 mortgage approval letters one of which was for almost 3 times the offer they had accepted. i guess some EAs take vetting customers a bit too far for my comfort.

bubblesmoney

chickmug wrote: »

From what others say it seems prudent to always ensure the sellers get a note from those putting in offers to make sure they are being informed.

what do u mean sellers get a note from those putting in offers. how can i ensure the sellers get a note i give to EA. i did write to EA by email few times to no avail, they didnt respond in writing, they called once and ignored other times, hence i didnt go further on the deal even though they had accepted my offer but were playing games by still marketting the property after assuring me it wouldnt be marketted. so i pulled the plug.

if it is an individual selling then i can get their details from land registry and write to them. but what do i do if it is a repocession and a bank owns the place, i cant call the bank / write to a banks headquarters. that letter would get lost in a pile of junk in the headquarters, so what do i do to ensure my offer is presented to the section that deals with that particular repocession in that bank??? (and avoid the cowboy EAs that filter out offers not made by their buddies for these repocessions. is there any particular newspaper that these repocession advertisements are made in????

chickmug

Hi Bubblesmoney
NAEA - National Association of Estate Agents
www.naea.co.uk

MNAEA - membr of the above

MICBA - member of below
www.icba.uk.com

Sorry I can see how I am not being clear as to getting a note to the sellers. This is more for when houses on the market normally, you view, then you can put though door or drop one in post. Others will need to advise on empty properties with which I never often get involved.

bubblesmoney

chickmug wrote: »

Hi Bubblesmoney
NAEA - National Association of Estate Agents
www.naea.co.uk

MNAEA - membr of the above

MICBA - member of below
www.icba.uk.com

Sorry I can see how I am not being clear as to getting a note to the sellers. This is more for when houses on the market normally, you view, then you can put though door or drop one in post. Others will need to advise on empty properties with which I never often get involved.

thanks for the links.

my problem is that i always try to view vacant properties / repocessions etc now so that i can move in quick if a deal succeeds. but cant figure out how to catch the vendors incase i have doubts about EA making it difficult to get viewings for weeks together or am not sure if the offer was not passed on like happened when i was making offers of 135k but was fobbed off and later found out from colleague that her friend sold that property for less than what she paid (ie 94700). i am trying to figure out a way to contact vendor in vacant / repocessed properties for getting viewings / making offers. dont banks etc accept direct offers??? do banks advertise on their websites if they are selling repocessed properties etc??

chickmug

bubblesmoney wrote: »

thanks for the links.

my problem is that i always try to view vacant properties / repocessions etc now so that i can move in quick if a deal succeeds. but cant figure out how to catch the vendors incase i have doubts about EA making it difficult to get viewings for weeks together or am not sure if the offer was not passed on like happened when i was making offers of 135k but was fobbed off and later found out from colleague that her friend sold that property for less than what she paid (ie 94700). i am trying to figure out a way to contact vendor in vacant / repocessed properties for getting viewings / making offers. dont banks etc accept direct offers??? do banks advertise on their websites if they are selling repocessed properties etc??

I hope someone else can help with this one - empties as we never get involved!

neverdespairgirl

chickmug wrote: »

We get a feel of them perhaps by stealth!!!!!!

With a casual chat we can soon establish their motives and find out how much they will need to borrow and if it makes sense for the house they wish to view based on their jobs, etc. I know many agents don't even check out the borrowing side but our view is there is no point in people viewing something they can't afford.

Fair enough, sounds very reasonable. I imagine after a few years in the business, you have a good idea about whether people can afford it or not.

zappahey

neverdespairgirl wrote: »

Fair enough, sounds very reasonable. I imagine after a few years in the business, you have a good idea about whether people can afford it or not.

You would think, wouldn't you. When we were house hunting a couple of years ago, my wife was doing the rounds of the agents on her bicycle, which was her main form of transport. She's Belgian and that's pretty much the norm where she comes from.

Obviously she dresses appropriately for cycling and, presumably based on that, one particular agent made the rash assumption that she couldn't afford the houses that she wanted to view and pretty much made it clear that she should look at something a bit cheaper.

Well, roll on two years, when we came to sell, and I took great pleasure in visiting that agent to advise them that we were selling and, after listening to the sales pitch, advising them just why we would not be inviting them to value the house or quote for the sale. At least she had the good grace to be embarrassed.

neverdespairgirl

zappahey wrote: »

Obviously she dresses appropriately for cycling and, presumably based on that, one particular agent made the rash assumption that she couldn't afford the houses that she wanted to view and pretty much made it clear that she should look at something a bit cheaper.

Good for you, assumptions like that are bad for all of us who choose to cycle and dress sensibly for it!

chickmug

neverdespairgirl wrote: »

Fair enough, sounds very reasonable. I imagine after a few years in the business, you have a good idea about whether people can afford it or not.

I think it is 'horses for courses'. We are small, independent, family run and a partner speaks to all those wishing to view. I must admit people have become more retiscent about giving too much info at this stage but we have never failed to get enough.

If it is borderline we ask that their brokers call us to confirm they can afford to look at houses at this price range.

If they offer we step up a gear but unlike those who sell privately who eventually come back to us we are lucky we never get into a sale and realise the party does not have enough funds. This is one of the main reasons where private sales can fall apart. I have know that factor alone waste up to six months.

chickmug

zappahey wrote: »

You would think, wouldn't you. When we were house hunting a couple of years ago, my wife was doing the rounds of the agents on her bicycle, which was her main form of transport. She's Belgian and that's pretty much the norm where she comes from.

When you get to be a wrinkly EA like me you have gone through a learning curve as sometimes very hard to tell. Reminds me of a pal who runs a caravan site and not happier unless he is mucked up from doing the garden, cleaning the loos or painting. He buys a brand new car every year, for £25,000 ish pounds, and goes out in his overalls with paint splashed all over him. He takes delight in the way he is ignored until he says yes I want to buy and looks at the expression of their faces.