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Estate Agent insider dealing suspected, what can i do?
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In the case I know about the estate agent told people there was an offer of £308k on the table, so only offer if it is going to be more than that. Therefore people didn't offer and the property then sold for £249k!I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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The EA told them what to put in to win, not sure what the conspiracy is. Example
"A guy has put an offer in of £50k, you'll need to beat it!"
"I offer £50k and this shiny new penny"
"Thats not a big enough increase, you'd need to offer at least £55k to interest the mortgage people"
"OK I offer £55k"
R0 -
The estate agent wouldnt tell anyone any bids as "it wasnt their policy"
And they posted a public notice ONLY saying their was a bid in and it would be accepted in 7 days... but refused to post the highest bid on the notice or tell anyone.
There are other things that thickened the plot so to speak, watch this space.0
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