We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Crazy Estate Agent rules..
G_M
Posts: 51,977 Forumite
Buying a repo and I put an offer in: £200K.
Ring the EA next day to be told "We've received a higher offer which we are submitting on Monday". "Oh," says I:"how much?"
"We're not allowed to tell you, only that there's been a higher offer"
"OK, Can I put in an offer on Monday for £205K."
"Sure"
"Have you received any higher offers?"
"Yes"
"OK, Can I put in an offer on Monday for £208K"
"OK"
"Have you received any higher offers?"
"Yes."
"OK, Can I put in an offer on Monday for £210K"
"OK"
"Have you received any higher offers?"
"Ah. Now it's getting interesting" (said meaningfully)
"OK, Can I put in an offer on Monday for £211K"
"Good idea"
:rotfl:
Ring the EA next day to be told "We've received a higher offer which we are submitting on Monday". "Oh," says I:"how much?"
"We're not allowed to tell you, only that there's been a higher offer"
"OK, Can I put in an offer on Monday for £205K."
"Sure"
"Have you received any higher offers?"
"Yes"
"OK, Can I put in an offer on Monday for £208K"
"OK"
"Have you received any higher offers?"
"Yes."
"OK, Can I put in an offer on Monday for £210K"
"OK"
"Have you received any higher offers?"
"Ah. Now it's getting interesting" (said meaningfully)
"OK, Can I put in an offer on Monday for £211K"
"Good idea"
:rotfl:
0
Comments
-
The EA did their job well. What was it up for?
Are you sure there was another offer?Pawpurrs x
0 -
I believe the EA code of practice obliges them to pass ALL offers to the vendor, not just the highest/best. So presumably you could just wait till an offer is rejected by the vendor before raising it. Or if you don't trust them (EA's) offer direct to the vendor.This is an open forum, anyone can post and I just did !0
-
"Are you sure there was another offer?"
As sure as one can be with an agent...
"if you don't trust them (EA's) offer direct to the vendor."
Tried to. It's a bank (repo) they directed me back to the EA.
"wait till an offer is rejected by the vendor before raising it. "
I believe they plan to ask for 'best and final offers'. You get one chance - if it's not the highest you lose it.
Did I say :rotfl: think I mean :eek:0 -
"Are you sure there was another offer?"
As sure as one can be with an agent...
"if you don't trust them (EA's) offer direct to the vendor."
Tried to. It's a bank (repo) they directed me back to the EA.
"wait till an offer is rejected by the vendor before raising it. "
I believe they plan to ask for 'best and final offers'. You get one chance - if it's not the highest you lose it.
Did I say :rotfl: think I mean :eek:
Circumstances alters cases. BB 2009.This is an open forum, anyone can post and I just did !0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards