it's official, EA's are COMPLETELY useless...

bluejake

pawpurrs wrote: »

Sorry I dont agree with either gazumping or gazundering, if something major comes up at survey then thats a different matter, Offer what you are prepared to pay for the house considering all circumstances, and stick to what you agree, the seller will have based the price agreed to what they can afford to buy the next property.

What people whine about on these boards is just normal business practice. Sell high and buy low - you don't owe anyone your money so why gift it to them. If the seller isn't moaning and groaning you have probably overpaid - and can spend decades working to repay that money you borrowed. Why do that for a stranger who would screw you over given the chance?

I don't remember those people whose properties tripled in value offering reductions to the overstretched buyers because it is 'fair'.

pawpurrs

I am not whining, I just dont agree with it, by all means offer low, and if its accepted so be it, but dont Gazump or Gazunder its morally wrong In my opinion.

Chris2685

I agree, unless the survey brings to your attention something drastic like a wall falling down...

Of course, some people say that in a falling market people should be prepared to be 'gazundered' if the purchase takes more than 3 months, because market value will have changed after 3 months... I still don't agree with it though!

englishpacker

geoffky wrote: »

nothing wrong with gazundering...its acquiring a asset at a price you are happy with...gazumping was ok on the way up because of suppy and demand its the same in a falling market...

My principles wouldn't allow me to ask for more money if i'd already agreed a price or likewise ask for a reduction if buying.

With the attitude of certain people is it no wonder this country is in such a sorry state.