Help - offer rejected and we SSTC

Rachman_2

Tyders wrote:

Just to set the record straight I do not work for this kind of company and only lasted 1 month with them due to the type of questions they have to ask so I hope those remarks are not aimed at me specifically by the 'general' term of your. Note: I now work for a family busines where reputation is everything.

These companies do however deal with hosues from £10k to £1m and I know of 2 who would not deal with you if you did not show your financial viability. It was just a point i was making about EAs and how 'some' act.

And personally, I would advise any vendor who I am acting on the behalf of to be very wary about accepting an offer from someone who cannot validate their financial situation whether it be by saying who they have sold through or their mortgage company advising the funds are in place. And I do not mean by the EA's seein the in depth financial details. A simple yes they can afford it from a IFA or mortgage broker is enough as the information people provide to these people is confidential and I would hope the mortgage broker/IFA to tell teh truth, noo that they shouldnt.

Sorry, "Your" meant estate agents, not you. AS you know, some have pretty sharp practices - myself I will always prefer to talk to the small independents, not the ones who pride themselves on MINIS and BMW 3 series coupes....:)

I am happy for an agent to call up my selling agent (if I am selling somewhere) and tell them I am buying a house at X and asking if I am living on Fantasy Island - thats fine - but talking to the EA financial advisor - definite no no when it comes to negotiations as I don't trust them to keep their counsel silent.

I also do enjoy a bit of the psychology - last time I bought, did I turn up in the Porsche with a decent suit on to either viewing. No chance, old jeans, the old car that we use for taking stuff to the tip and old boots and no watch and my strongest northern accent.... - most people do it during negotiations - I love buyers of companies who do all the meetings in an old suit and turn up in a knackered old heap - come the closing meeting, the £100K car comes out and the £20K watch..... ( I do a lot of corporate finance work).

whambamboo

Voyager2002 wrote:

I also found this racist comment extremely offensive. I don't think the poster will learn from anything we can say, but I sincerely hope that s/he gets gazumped or messed around by a white purchaser.

It's very silly and naive to pretend every culture is exactly the same.

It's cultural, not racial, and is not racist at all, but an observeable fact that some cultures have a greater acceptance of corruption than others.

That's why in Transparency International Corruption Perceptions Index, the UK came 11th with a score of 8.2 (out of 10), and Pakistan came in 144th, close to last, with a score of 2.1.

I spent quite a while in a corrupt third world culture, and corruption is part of every day life and is expected and accepted. In my experience it is the number one reason why these countries are poor: money is allocated for development but is stolen and the development does not go ahead - aid relief is delivered in the billions but spent in the millions. When aid workers turn up to by wood the price was inflated 10x with no concern for the greater good.

When a boy suffered a broken leg and tried to claim on the insurance policy his parents had been paying into, it turned out the teacher had been stealing the money. There was no repercussions.

When someone's sister stole some money intended for aid, I was told not to tell anyone, very secret, don't tell a word. Why when you commit a crime you simply pay the police a bribe to get off scot-free, and why you pay thousands of pounds to join the police, because in the future you will make it back with interest from the bribery and corruption.

Of course it's very PC to pretend all cultures are the same and so on, but it's a load of b011ocks frankly. Not saying they are bad people, quite the opposite, but the corruption is terrible.

Alan_M_2

Rachman wrote:

Sorry, "Your" meant estate agents, not you. AS you know, some have pretty sharp practices - myself I will always prefer to talk to the small independents, not the ones who pride themselves on MINIS and BMW 3 series coupes....:)

I am happy for an agent to call up my selling agent (if I am selling somewhere) and tell them I am buying a house at X and asking if I am living on Fantasy Island - thats fine - but talking to the EA financial advisor - definite no no when it comes to negotiations as I don't trust them to keep their counsel silent.

I also do enjoy a bit of the psychology - last time I bought, did I turn up in the Porsche with a decent suit on to either viewing. No chance, old jeans, the old car that we use for taking stuff to the tip and old boots and no watch and my strongest northern accent.... - most people do it during negotiations - I love buyers of companies who do all the meetings in an old suit and turn up in a knackered old heap - come the closing meeting, the £100K car comes out and the £20K watch..... ( I do a lot of corporate finance work).

This is all part of the game, and it is a game. I'm on the receiving end of a lot of it and after dealing with it for a few years you have a pretty good idea where the money is and where it isn't.

I also don't wear any of my watches at work, I make a point of drving the company van to meetings and not a car, wear tidy jeans and a jacket not a tailor made suit.

The people who come to buy from me and drive the leased new car and tell me how much property they have and how much the are going to spend are often the people with the least money.

The psychology of it all can be quite fun.

As for the disgusted of Tunbridge Wells racist comments, grow up and start living in the real world, this is how different cultures do business, how can stating that fact be considered in any way racist or offensive?

If you want an analogy with white people, I'd say 75% of domestic customers I get offer me cash to avoid paying VAT, these are normal law abiding white middle class citizens in most cases, I plainly explain I don't partake in tax fraud which often leads to embarrasment.

Why is this socially acceptable? I don't see anyone whining about that!

sminty_2

Just wanted to add that wwe thought that houses were overpriced so there was room for negotiating, we were certainly told to put our house up for more than we expected/wanted.

The thing I find most strange and annoying is that my first call to EA offering £158k was rejected and EA said that the vendor was looking more for £165k-£170k - Why then after finding out more of my situation (i.e I am top of a chain ready to proceed hopefully before Xmas) did they reject my next offer of £164k and say the vendor is not budginh on the asking price at all!! Then I called EA pretending to be someone else asking for details of any prop in this area up to £165k. They told me about the house I want and said although on for £175k thay are open to offere :-S !!!!!!!?!

I feel like I am being played. The houses in that development have been built for 18mths they have only sold one this year for £169k - why are they being so stubborn I thought they'd have bitten my hand off??

I have currently left it since Monday at the £164k with carpets offer that was rejected and my EA said to wait until site negotiator is at the show home on Saturday and try with her instead - but surely she will be aware of what went on with the EA?

I am confused....

Doozergirl

You want to speak to the organ grinder. Not the monkeys!

Go in on Saturday and try to negotiate. Explain your strong position and the fact that there is nothing left in the pot and show them the numbers if you have to. If they won't budge, you'll have to walk away but I have in the past, had a developer come back a few weeks later and say they would accept.

They might also be happier once the survey has been done on your place.

There might be hope for you