Can estate agents do this?????

Bf109

The offer was conditional on the property being removed from the market.

The vendor has re-marketed it.

I would throw my toys out and lower the offer as the vendor is clearly a devious little s**t and cant be trusted.

blue_haddock

Yep if he can be nasty and coniving so should you.

redwineguzzler

GDB2222 wrote: »

No, because you are already dealing with the first lot of agents. The seller is being completely sensible not taking the property off the market. You should ask, however, for a lock-out agreement whereby if you proceed at the agreed price within a specific time they are bound to sell to you and not take higher offers.

How can I go about this without going through EA, as the owners live abroad, I don't trust the EA, as he has already lied to us already, he probably will only pay us lip service by saying he has spoken to the owner?

redwineguzzler

Bf109 wrote: »

The offer was conditional on the property being removed from the market.

The vendor has re-marketed it.

I would throw my toys out and lower the offer as the vendor is clearly a devious little s**t and cant be trusted.

Im thinking at this point, to withdraw our offer completely, and re-offering at a lower price to new estate agents?

Rikki

Why not phone the new agents and express an interest in the property anonymously and see how they market it.

PropertyPro

I have a different point of view to most on this one.

The vendor obviously thinks his property is worth more than what you have offered for it. There can be no other explanation for hime remarketing at an offers excess price. If you decide to reduce your offer, I think there's every chance he will refuse - even in the current market.

I feel you have to play this one carefully. The vendor has been silly not to stick to the original agreement and I imagine the estate agent lied because he or she didn't want you to blow a gasket and pull out of the purchase - very stupid and they won't be doing their local reputation much good.

Speak to your solicitor, let them know what has happened and ask what needs to be done to get to an exchange of contracts quickly. Do everything you can to get things done quickly.

Finally, it seems as if the vendor has the common disease of believing his property is immune to the current financial problems around us. That of course is not the case - but you can bet he will be pig-headed and refuse to drop the price if you go down that route.

Good luck and I hope you can get into the property without further obstacles.

Mark

Bf109

PropertyPro wrote: »

I feel you have to play this one carefully. The vendor has been silly not to stick to the original agreement and I imagine the estate agent lied because he or she didn't want you to blow a gasket and pull out of the purchase - very stupid and they won't be doing their local reputation much good.

To hell with that. If the vendor cant be trusted not to re-market the property, what else cant the vendor be trusted to do/not do?

The vendor has shown themself to be dishonourable. I wouldnt deal with them other than at a significantly reduced price.

redwineguzzler

PropertyPro wrote: »

I have a different point of view to most on this one.

The vendor obviously thinks his property is worth more than what you have offered for it. There can be no other explanation for hime remarketing at an offers excess price. If you decide to reduce your offer, I think there's every chance he will refuse - even in the current market.

I feel you have to play this one carefully. The vendor has been silly not to stick to the original agreement and I imagine the estate agent lied because he or she didn't want you to blow a gasket and pull out of the purchase - very stupid and they won't be doing their local reputation much good.

Speak to your solicitor, let them know what has happened and ask what needs to be done to get to an exchange of contracts quickly. Do everything you can to get things done quickly.

Finally, it seems as if the vendor has the common disease of believing his property is immune to the current financial problems around us. That of course is not the case - but you can bet he will be pig-headed and refuse to drop the price if you go down that route.

Good luck and I hope you can get into the property without further obstacles.

Mark

Thanks Mark,

I feel I need to speak (as you say) to the solicitor tomorrow, but I think we in UK, need to have a more secure way of house buying. This is so stressful, and we, along with most other people have not got money to waste on solicitors whilst the vendors have no worries.

hethmar

When you say you are "cash buyers" - do you mean you have the cash, now. Or do you mean you will have the cash when your own house is sold? If the latter then you arent truly a cash buyer and that may be why the vendors are hedging their bets. Not that I condone their actions, only trying to see their reasoning.

What I cant quite follow is, if you were dealing with one agent and now the keys and property are with another - is the first agent still acting for the vendor?

pawpurrs

Hang on calm down, they may not be taking viewings but just having it on as back up. They too will have soliceter fees to pay if you pull out.
I would say a lock out agreement not to sell to any one else for a period is fair, no vendor wants their house off the market for weeks, when you could renagage on your deal, every one wants to protect themselves.