Buyers, don't be conned by unscrupulous sellers and EAs.

Doozergirl

Orpheo wrote: »

Whatever makes your blood boil. It's not like I need your house. The sooner you extract your motions from the business, the easier you'll find it.

Like I need business advice from you!

It had nothing to do with emotion. It's about conducting yourself professionally and in a manner that makes people want to do business with you. It makes people more flexible and the whole process easier. If you behave arrogantly towards people, you will get their heckles up and find them more inflexible - ie. it becomes potentially more expensive for you if people don't feel that they could do business with you.

The same idiot who needed an explanation of why the price was the price, who obviously still couldn't understand market forces or the risks involved in buying a shell of a house was the same idiot who tried to gazunder us after exchange. Cost him a very lovely new handbag for me in interest whilst he scrabbled together the money to complete late. I didn't mind.

Orpheo

Doozergirl wrote: »

Market forces

I don't dispute that.

Orpheo

Doozergirl wrote: »

Like I need business advice from you!

I wasn't giving you business advice, I was advising you to mind your blood pressure.

Doozergirl wrote: »

It had nothing to do with emotion. It's about conducting yourself professionally and in a manner that makes people want to do business with you. It makes people more flexible and the whole process either.

I will deal with whomever in a polite and professional manner, but I won't walk on eggshells for them. That presenting an awareness of the facts doesn't agree with your view isn't really my problem. What are you worried about? You mentioned market forces, are you concerned that I might point out to you that you are overpriced?

Doozergirl wrote: »

The same idiot who needed an explanation of why the price was the price, was the same idiot who tried to gazunder us after exchange. Cost him a lolvey new handbag for me in interest whilst he scrabbled together the money.

What about him? He did something stupid. I can't figure why it cost him more money if he didn't, ultimately, break the contract.

Doozergirl wrote: »

You can tell a lot about someone from the way they behave.

Really? How profound.

Mr_Thrifty

Doozergirl rules... at last, somebody that understands that the price of something is wholly independent of its cost. Yes, that's right... shocking as it sounds, prices are ultimately determined by what somebody is prepared to pay (or to forego in the event of a financial offer for the item), not what the item cost to buy or produce.

So don't think that just because I paid £200K for my house 7 years ago I should only expect to get £250K for it today (inflation plus some subjective assessment of what constitutes a 'fair' rate of increase). It could well be worth at least £400K, maybe more. It could also be worth significantly less! But as the seller, I get to decide what it's worth (because if I expect £400K and it doesn't sell, then it is STILL WORTH £400K because if somebody offered me £399K and I chose not to sell then I have just incurred an opportunity cost of £399K, i.e. real money I could have had in my hand if I chose to take the offer, which I didn't).

betmunch

Orpheo wrote: »

• Don't arrange your mortgage through the vendor's EA.

What if the EA's Mortgage Advisor has the best product available to the client?

Otherwise its a pretty good list.

Personnally I would suggest playing their game a little bit "consider" their extra sevices, but dont take them if they are not very good, or overly expensive.

DVardysShadow

Mr_Thrifty wrote: »

Doozergirl rules... at last, somebody that understands that the price of something is wholly independent of its cost. Yes, that's right... shocking as it sounds, prices are ultimately determined by what somebody is prepared to pay (or to forego in the event of a financial offer for the item), not what the item cost to buy or produce.

So don't think that just because I paid £200K for my house 7 years ago I should only expect to get £250K for it today (inflation plus some subjective assessment of what constitutes a 'fair' rate of increase). It could well be worth at least £400K, maybe more. It could also be worth significantly less! But as the seller, I get to decide what it's worth (because if I expect £400K and it doesn't sell, then it is STILL WORTH £400K because if somebody offered me £399K and I chose not to sell then I have just incurred an opportunity cost of £399K, i.e. real money I could have had in my hand if I chose to take the offer, which I didn't).

I agree with you fully as long as you never sell, you are totally in charge of the value.

But once you decide to sell, you need to be prepared to drop your valuation to agree with the person who has the second highest opinion of its value.

I think it is called getting in touch with reality.

silvercar

Orpheo wrote: »

What about him? He did something stupid. I can't figure why it cost him more money if he didn't, ultimately, break the contract.

Back to the classroom.

If you don't complete on the day agreed at exchange of contracts you are liable for all the sellers costs incurred because you were late.

Doozergirl

Orpheo wrote: »

What about him? He did something stupid. I can't figure why it cost him more money if he didn't, ultimately, break the contract.

Exactly the reason that you shouldn't try to pretend to offer me advice and I have a really nice handbag.

paul1964_2

Doozergirl wrote: »

I think that is downright rude. Great tactic if you want to get someone's back up - and I speak from experience of having someone say that to me and he could probably speak of the full subsequent dressing down that he got as a result.

.... after listening to your sales patter, did he put in a decent offer?

Doozergirl

paul1964 wrote: »

.... after listening to your sales patter, did he put in a decent offer?

He was already buying it, offer accepted within four days of the house hitting the market and 10 viewings over a weekend. Ultimately i don't think he could really afford it and was doing it for his new partner who was in love with it, but subsequently trying to undermine the price he'd already decided to pay. Hence the botched attempt at gazundering later on.