Is EA having me on?

mi-key

One thing I learned while putting in offers is never be afraid to walk away - and more importantly, let the EA know thats what you're doing, and stick by it so they know you arent bluffing.

Put in an offer at £297,500 and say thats it, if the seller wont accept you'll forget the house and look elsewhere.

Its funny how often EA's seem to say there is someone lined up ready to pay full whack, if only they can sell their house - also funny how often these buyers dont appear and buy the place and you still see the house on the market months later.

Personally I think assuming 90% of what EA's say is BS is quite a good idea - they cant really take offence as they only have themselves to blame for their reputations.

Miss_Penny_Pincher_2

RHemmings wrote:

Can we have more stories like this one please.

We had made it clear to the EA that we wanted a house that only needed a small amount of cosmetic work at most. We had an offer agreed of £94,000 on a house that was on the market for £95,000. When the survey came back it was really scathing! Claimed the house was worth £92,000 but listed structural work that needed doing of around £20,000! The surveyor actually advised us to not buy the house.

The EA claimed that the asking price reflected all the work that needed doing. Yeah right! If that was true why did he claim that our surveyor was telling a pack of lies and advise the vendors to pay for their own survey??

He expected the vendors to drop to around £88,000. They came back with £91,000. We just laughed and said we are definitely not interested any more! A few days later they came back with an offer of £87,000. We said no and two weeks later ended up with a much nicer house with the biggest problem being an abandoned wasp nest in the roof! We think we had a lucky escape. A few weeks later they put their house up for sale with a different EA for £84,999!