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Tried to make an offer today but....
Comments
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MissMotivation wrote: »But part of agreeing the deal is the position the buyer is in and whether they can actually afford the property.
I've never agreed a sale where I cannot confirm the status and ability to puchase of the buyer.
Do people actually make offers they can't afford to proceed with in practise then?0 -
Do people actually make offers they can't afford to proceed with in practise then?
Yes.....just like Buyers lie about their ability to proceed, their status and their finances.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
MissMotivation wrote: »Yes.....just like Buyers lie about their ability to proceed, their status and their finances.
I really can't understand what they would gain from that!
So it looks like I'm doomed to lose this house and have to find one through a more trusting agent then.0 -
I really can't understand what they would gain from that!
So it looks like I'm doomed to lose this house and have to find one through a more trusting agent then.
It depends on how much you want the house surely?
Just take your AIP and politely refuse to see their Adviser, that is the simplest way of moving forward with this.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
MissMotivation wrote: »It depends on how much you want the house surely?
Just take your AIP and politely refuse to see their Adviser, that is the simplest way of moving forward with this.
They just rang me and I explained again and said if they weren't happy to put the offer forward I'd go direct to the vendor with it and she got funny with me and said "there's no need to be like that Mr. xxxxx. I'll pass this information on to the manager and get him to call you back"
Grrrrrr!! :mad:0 -
Well, exactly. So what is wrong with agreeing a price first and then immediately doing the qualification, before notifying solicitors et? It meets what you expect in full, it meets what the vendor and any agent could reasonably expect. The only downside is that it confounds the agents attempts to sell a mortgage.MissMotivation wrote: »But part of agreeing the deal is the position the buyer is in and whether they can actually afford the property.
I've never agreed a sale where I cannot confirm the status and ability to puchase of the 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 ForumTeam0 -
DVardysShadow wrote: »Well, exactly. So what is wrong with agreeing a price first and then immediately doing the qualification, before notifying solicitors et? It meets what you expect in full, it meets what the vendor and any agent could reasonably expect. The only downside is that it confounds the agents attempts to sell a mortgage.
This is exactly why I suspect the mortgage advisor just got all funny with me!
Can anyone tell me what the "qualification" process actually involves. e.g. credit check etc?0 -
DVardysShadow wrote: »Well, exactly. So what is wrong with agreeing a price first and then immediately doing the qualification, before notifying solicitors et? It meets what you expect in full, it meets what the vendor and any agent could reasonably expect. The only downside is that it confounds the agents attempts to sell a mortgage.
Because part of agreeing the price depends on the position of the buyer, e.g if the offer made is slightly less than the Vendor initially wanted but the buyer is ready to proceed with a valid AIP and proof of deposit then Vendor might be more willing to accept a lower price.
If the buyer is not willing to confirm his ability to proceed, finances etc and offering low then my advice to the Vendor (bearing in mind I am acting on their behalf) would be to decline the offer.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
This is exactly why I suspect the mortgage advisor just got all funny with me!
Can anyone tell me what the "qualification" process actually involves. e.g. credit check etc?
No, they should not be credit checking you!My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0
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