How do I approach Estate agent with a higher offer?

mrsbear_3

Yes I realise this, I will have the same costs myself, 3000 was my starting point I am willing to pay more but you have to start somewhere, the seller asked me about my flat, and would I consider renting it to him if he didnt find another he liked, he isnt going to buy another property he wants to enjoy his money which is fair enough, I cant sell my flat at moment anyway 2 others for sale in my block already that have been on sale for a year. I have been saving for 10 years for a decent deposit for the house of my dreams, this is why I am prepared to fight for it.

googler

So essentially, the house was offered for sale, another party put in a quicker bid than yours, which the seller accepted, despite you saying that he told you that you had 'first refusal'. Here's what I'm missing - WHY was the property placed with an agent and offered to others when the seller, someone you seem to know, wanted you to have 'first refusal'?

After this offer had been accepted, you spoke to the seller and he had 'seller's remorse', and wanted to change his mind about accepting the other offer. His EA at this point apparently acted honourably and (1) didn't immediately ditch the first offer for yours, and (2) wanted to speak separately to his client to ensure he wasn't under duress.

You then complain that the EA didn't contact you immediately - I'm not surprised, he's the selling agent and you went behind his back to persuade his client to gazump another party. Why would he be obliged to talk to you? He's under no obligation to 'pass your offer' to his client, as you didn't make the offer to him - you bypassed him and went straight to the seller.

You're suggesting that the agent is acting badly by not allowing you to gazump the other buyer, and that the NAEA agreed with this?

As other posters have said, how would you feel if they did accept your higher offer, and two months along, another party known to the seller, who's been watching from the sidelines, steps in and trumps both of your offers?

BlondeHeadOn

I'm selling a bungalow in Cornwall, don't suppose you want that one instead do you??

Oh well, it was worth a try....



I would very much like to be in your sellers position right now!

ILW

BlondeHeadOn wrote: »

I'm selling a bungalow in Cornwall, don't suppose you want that one instead do you??

Oh well, it was worth a try....



I would very much like to be in your sellers position right now!

I would like to buy a bungalow in Cornwall if the price is what I can afford.

mrsbear_3

BlondeHeadOn wrote: »

I'm selling a bungalow in Cornwall, don't suppose you want that one instead do you??

Oh well, it was worth a try....



I would very much like to be in your sellers position right now!

Sorry BlondeHeadOn sounds lovely but it would be a 7 hour commute for me :eek: Good luck with a buyer

LandyAndy

new_home_owner wrote: »

3000 pound is nothing i think if they do pass the offer on the other people will match it they probably spent 999 to arrange mortgage and solicitors and surevey about another 500 pound

The seller can sell to whomsoever he chooses, prior to exchange of contracts.

The 'first' purchaser won't have incurred mortgage set up fees as they are only charged when the money is drawn down AFAIK. They also won't have incurred survey fees if the survey doesn't take place.

How did you take 4 weeks to get a survey done after your offer was accepted? I'd expect it to be done within a week of an accepted offer.

mrsbear_3

GOOGLER I donot know the seller I have met him once when I viewed and again when I offered him a higher price after being dismissed by his agent, who said they would inform him but had not as I suspected.

I am totally aware that someone can put in an offer more than mine, that is the chance you take with all property it could happen to anyone and frequently does.

It IS the agents duties to pass all offers onto the seller it is the sellers decision not the agents.

BlondeHeadOn

ILW wrote: »

I would like to buy a bungalow in Cornwall if the price is what I can afford.

Hmmm .... What can you afford?

The one I am selling is on for £200,000. It's a nice big bungalow!

ILW

BlondeHeadOn wrote: »

Hmmm .... What can you afford?

The one I am selling is on for £200,000. It's a nice big bungalow!

I was thinking up to about £180

BlondeHeadOn

ILW wrote: »

I was thinking up to about £180

Tha's pretty low for the part of Cornwall I'm in (assuming you mean £180,000, not just £180.00!). The only bungalows that low usually need a lot of work.

Whereabouts are you interested in?