Offer...Is it genuine??

lostinrates

KS1977 wrote: »

Yes it does matter. I don't like being lied to at the end of the day....nobody does; and that's why I am asking the question in the first place....to see if those who it has happened to, can give me advice! It seems a bit suspect to me.

My post was less on the ''feelings'' of being lied to, more on the practicalities. Of course its very sad that this is possible in the system, r that in any context people fib, but it happens.

My practical point is that of you have offered what you are prepared to then being pushed upwards, whether its another offer or even if vendors are simply not prepared to move for that, you have done what you can. If you feel the property is worth more to you you have the opportunity to offer more, if it isn't then....the outcome is the same what ever the reason for the refusal.

new_home_owner_3

pickledpink wrote: »

Oh yes! Like we all believe that!!!!

Bye bye, Walter!:money:

And who are you?

KS1977

Thanks Lostinrates, I understand what you are saying. I have recently heard that the vendor (who had told us he found somewhere already in another village and is ready to move into this property), hasn't found anywhere at all! Another 'bend of the truth' as he told us he was ready to move in if he had the correct offer. So I am even more dubious as to whether the EA was telling the truth about a person buying the house we wanted. I am holding out now and only time will tell. I am willing to put a little more down if the EA contacts me with something saying that the 'so called' first offer has 'fallen through'. As we all know, this is the game of house hunting and buying....Not a calming and easy thing to go through.

IveSeenTheLight

Emy1501 wrote: »

It happened to me back 2004. Was told a day after I made an offer that someone else had bid 3K more could i increase as i was in a better position. The property had been on the market for 3 months. I increased but when I look back I doubt the other offer existed as I heard similar stories told to at least 3 other people I know who have bought since. At least a couple of them stuck with their offers and the other alleged offers disappeared and they got their property.

There will be agents who make up phantom offers to get people to increase and there will also be others who are telling the truth. You will have to decide whether you believe the agent and whether you are happy to increase your offer.

Much better system in Scotland where there is a closing date and all bids are submitted as sealed bids.
At the appointed time, the bids are opened and the results of where the bidders were placed are announced.
No options of gazumping or the price increasing

KS1977

I like the idea of that Iveseenthelight. If only it were that simple here. lol. Thankyou for your post.

lostinrates

Things can and do go to sealed bids in England, and personally its a system I hate, but I agree it has merits, and open bidding system, not unlike auction but without the ''heat'' would be best. The problem is things like here, where you don't really no how truthful the situation is.

IveSeenTheLight

KS1977 wrote: »

I like the idea of that Iveseenthelight. If only it were that simple here. lol. Thankyou for your post.

It certainly has a lot of benefits i.e. no chain issues etc, however you have to know you have the available funds as the offer is binding and there are penalties to be paid if the transaction is not completed within a certain time.

In short after the normal accepted transaction period, you would generally be paying the mortgage costs + a bit more each month until the transaction is concluded.

tommy75

new_home_owner wrote: »

I wouldnt trust them just leave it youve offered what you wanted to and thats it just wait, we had a offer accepted of 180,000 pound and we was chuffed with the price as it was 20,000 pound off asking price, anyway we got gazzumped and it we thought the agent was messing us about.

Anyway i was watching my mate play football and i heard this women speaking to her mate who's husband was playing aswell, i know the bloke he drinks in the local.

Anyway when i heard her say we offered 195000 i nearly fell over, they paid a full 15000 pound more that what they accepted from us, i dont blame the vendor for accepting their offer, i still have the letter with them accepting are offer of 180,000, maybe one day ill let it slip.

Anyway we was happy another house came up and we have now got that and we are well chuffed, just hang in there something will come along.

KS1977

Thanks....cheered me up a little teehee!

new_home_owner_3

tommy75 wrote: »

lol:rotfl::rotfl::rotfl::rotfl::rotfl: