PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Vendor asking for a lot more than the advertised price

Options
245

Comments

  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    Could it be that his wife wants to force a sale of the property but he doesn't want to sell? He deters buyers from putting in any offers by spouting the nonsense that he told you, then claims that its not his fault that the house won't sell.
    This is very much what I think. It is very much the pattern in splits that the one who has moved out wants rid of it at any price - the one who stays puts all kinds of obstacles in the way and generally sets about sabotaging the viewing. This looks like a sabotaged viewing to me, asking 50% over the odds.
    Taz_Sutton wrote: »
    I think we're going to figure out what we can afford and then put an offer in direct to the estate agent. Least we can say we've learnt from a first time buyer sympathy mistake of putting too much belief in a vendor.
    Wouldn't bother. In these cases the pair of exes will struggle to agree on negotiating with any buyer and if you do get to the stage of an offer being accepted, if it is true to form, it will only go down hill while the exes carry on their fights oblivious to their buyer.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Its not with express estate agency and priced "in excess of" is it ?
    Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp
  • missjy
    missjy Posts: 133 Forumite
    I paid 8k more than the advertised price on the property I'm buying after it went to sealed bids. The valuation survey was just 1k more than I paid. Would be interested how much the valuation survey would put on this house you've seen. I would really advise you to not stretch yourself financially. You've made your offer and hopefully he'll soon realise that no-one is interested in buying it at his inflated price and call you back. Have you told the EA that he is looking for 25k more?
  • jc808
    jc808 Posts: 1,756 Forumite
    Taz_Sutton wrote: »
    vendor (who is showing us round) tells us that he and his wife have split up and he has to sell the house etc
    Taz_Sutton wrote: »
    He goes on to say he's had two other estate agents look at it who've told him it's worth 105,000 (big difference from 69,950) and he has already turned down an offer of 75,000. We get home and decide to email him and ask what he has in mind and he replied with 95,000!
    .

    Walk away.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Taz_Sutton wrote: »

    Yes the advert says 25,000 off the asking price, but it's listed as this because the vendor apparently wants a quick sale, and his estate agent specialises in quick sales apparently.


    I could take a guess at the EA.

    It's going to be repo'd unless they sell it.

    He's chancing his arm - BUT he might also not want to sell the house as then he has to move.

    Offer 5k less than the asking price to the EA.
  • Its not with express estate agency and priced "in excess of" is it ?

    I don't want to say who it's with really in case it gets spotted online etc.

    Missjy - I mentioned it to the estate agent when they phoned me to ask if I was interested, and she just responded with "mmm yes" so I get the impression it's not too much of a problem for her.

    DVardysShadow - I had a feeling this would be the case, darn it I think we'll have to pretend we never saw it.

    I have to admit I've prob. fallen under the first time buyer spell where I get caught up in the moment, and excited about the prospect of being able to buy and not have to live above "musicians":rotfl: "just jamming" any more.

    Thanks again everyone, you've all been a great help! :D
    :idea: Determined to sort her finances!
  • WelshNic
    WelshNic Posts: 303 Forumite
    Sounds like an 'Express Agency" property, they're well known for this.
  • Yorkie1
    Yorkie1 Posts: 12,037 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Either vendor or EA are on a different planet. Completely unpredictable - do you really want to try to negotiate with them and trust them for the rest of the proceedings? As others have said, walk away.
  • Taz_Sutton
    Taz_Sutton Posts: 135 Forumite
    Walking away seems to be the major option here I think. The estate agent representing the vendor, seem to be useless anyway. It took me over a week to actually get an appointment to view the property.

    All the signs are really pointing to a big flashing WARNING sign aren't they.

    Thanks again everyone sometimes you need someone else's perspective of a situation to see the whole picture.
    :idea: Determined to sort her finances!
  • WelshNic
    WelshNic Posts: 303 Forumite
    Taz_Sutton wrote: »
    It took me over a week to actually get an appointment to view the property.

    Definitely who we think it is :D
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.