Play your cards close to your chest?

confused31_2

oldone wrote: »

Look at it from the other side. If you are not deperate to sell, how does a potential purchaser know that having agreed a sale you will change your mind at the last moment, perhaps because you can't find another property..
Perhaps sellers should also prove to buyers that they are serious and have somewhere else to go to.

On a side note. Sellers who put their house on the market and are only half serious about actually wanting to sell, are just as big a time waster as some potential purchasers.

At the end of the day, when or if i get a offer on our house when i go to view another i will make sure i can afford it, at the asking price it is up for, if i offer less thats my choice, but if i can not afford the asking price i wont be wasting sellers time or my own by going to view.

Im not saying im not serious about selling, but if someone has not got enough money or they are not in a position to buy i will not entertain them.

confused31_2

Swipe wrote: »

I can understand proof of funds for offers but not for viewings

Why should a seller tidy up their house, change whatever they are doing just for some rubber necker to come round and view, a lot of people are genuine, but i know for a fact there are alot of people who just like going round looking at houses for the say so of it.

If proving someone can at least can get the funds to purchase the house will hopefully put the rubber neckers and nosey parkers getting a viewing, im all for it.

lethal0r

if you have an AIP and you get one of those certificates from the bank saying 'we will lend you x amount in principle', is your deposit added to the figure?

imagine your deposit is £50k and you can only borrow £50k from the bank, and the house costs £100k.

if the certificate only has £50k shown on it then either the seller will think you cant afford it, or they can work out how much deposit you have.

can anyone enlighten me?

confused31_2

lethal0r wrote: »

if you have an AIP and you get one of those certificates from the bank saying 'we will lend you x amount in principle', is your deposit added to the figure?

imagine your deposit is £50k and you can only borrow £50k from the bank, and the house costs £100k.

if the certificate only has £50k shown on it then either the seller will think you cant afford it, or they can work out how much deposit you have.

can anyone enlighten me?

they work it out from your earnings and what deposit you have got, if you are going to lie just to get into somebodys house i supposes its up to you, but i would have thought you would have to prove what deposit you have got and what your earnings are to get the mortgage agreed in principal.

lethal0r

yeah i dont mean hide anything from the bank, just from the seller. so your deposit gets added to the AIP figure? thats great.

confused31_2

lethal0r wrote: »

yeah i dont mean hide anything from the bank, just from the seller. so your deposit gets added to the AIP figure? thats great.

I wouldnt really worry about the seller, you only pay what you think a house is worth, if the seller can not accept your offer they wont, if they can they will.

I could stretch myself to a much larger mortgage than what im going to get if i move, but that doesnt mean the seller can tell me what price i have to pay, i will simply make a offer i think the house is worth, if they dont accept it i will walk away.

I think the market is settling down and buyers are coming back , but its still a buyers market, so dont let the sellers tell you what they want, give them the offer you thnk their house is worth.

Swipe

confused31 wrote: »

Why should a seller tidy up their house, change whatever they are doing just for some rubber necker to come round and view, a lot of people are genuine, but i know for a fact there are alot of people who just like going round looking at houses for the say so of it.

If proving someone can at least can get the funds to purchase the house will hopefully put the rubber neckers and nosey parkers getting a viewing, im all for it.

Well, I think you might find your house will be on the market for a long time. I can imagine most potential buyers will just move on to the next. Who wants to jump through hoops to view a house that they may not even like?

googler

patch3228 wrote: »

Can I ask the EA to give me the contact details of the house owner I viewed today?

I got on quiet well with the owner, but forgot to give them my mobile details. Now I would like to give them some feedback on the viewing with a desired effect of preparing them for a significantly reduced potential offer

On a sidenote has anyone done an open house where their time slot was shared with other viewers? We had a 15 min slot and there was another couple strutting their stuff round the viewing :mad: we didn't feel comfortable asking the EA questions with them in earshot and I guess the other couple felt the same way (ah well all lose)

You can ask, but they're unlikely to give you the details. They might have hired the EA specifically to negotiate with bargain-hunters like yourself.....

At the open house, who left first? Could the other couple have been waiting to ask questions after you left? Why couldn't you have asked the EA to wait behind and ask Q's after the other couple had gone?

ciano125

SavingSteve wrote: »

See I don't agree with Ciano or rl290 AT ALL.

If I were a seller I wouldn't even want to consider an offer from someone who 'supposedly' has a mortgage offer in place. It is your word, and quite frankly I don't know you so why should I believe you?

The best solution for all is to have the EA and your IFA have a conversation where the IFA is simply confirming to the EA that you, as the person offering/viewing, can afford a mortgage of £x amount. You can let your IFA know what number (as a maximum) you will let them reveal (i.e. they can't lie of course, but if you can afford £300k, but only want to reveal you can afford £150k then that is what you tell the IFA to say).

Fair point, but in this market, Murphy's Golden Rule applies - he who has the gold makes the rules! I have never, and will never trust any estate agent, especially one working to try and extract as much money as possible from me, with my financial details. Say if you instructed your estate agent to refuse me a viewing, guess who is going to lose out - you, not me, I'll go buy another house, simples!

SavingSteve

ciano125 wrote: »

Fair point, but in this market, Murphy's Golden Rule applies - he who has the gold makes the rules! I have never, and will never trust any estate agent, especially one working to try and extract as much money as possible from me, with my financial details. Say if you instructed your estate agent to refuse me a viewing, guess who is going to lose out - you, not me, I'll go buy another house, simples!

But who is saying give him your financial details, the conversation would go;

EA : Mr. X, your client, has just offered £xxx on a property, can they afford it?

IFA : Yes.

Why would anyone have a problem with the above conversation taking place??