EA speaks - can someone translate please?

GDB2222

kingstreet wrote: »

In this instance, the vendor has basically said he doesn't want to accept your offer now. He'll see what turns up in a couple of weeks and will come back to you if nothing else happens.

It's up to you whether you wait, or decide to withdraw your offer and look for somewhere else...

I cannot think of any circumstances in which the OP would want to leave his offer open. Ofc, the reality of the situation is that both parties are going to carry on looking, and the vendor knows that the OP is interested.

Brodiebobs

googler wrote: »

Why not? If the buyer has agreed to be contacted by mobile or by text.....

What method would you prefer?

Gilt-edged parchment hand-delivered by personal messenger?
Carrier pigeon?
Smoke signal?
Hand-carved Tablets of Stone?

No need for sarcasm, a simple phonecall would be enough for me.

Fair enough if the person wanted to be contacted this way, but he/she said they were shocked. I think its extremely unprofessional to try and arrange a financial transaction of this sort via txt as its highly ambiguous,open to interpretaion, and not very personalised.

If i knew my agents were contacting prosepective buyers this way i would change agents immediately!

"Plz reply M8 with offerz" :eek:

kingstreet

GDB2222 wrote: »

I cannot think of any circumstances in which the OP would want to leave his offer open. Ofc, the reality of the situation is that both parties are going to carry on looking, and the vendor knows that the OP is interested.

I agree. I think it would often be better if an agent communicated with a purchaser by simply telling them an offer is rejected, rather than all the game-playing which seems to go on.

TBH I've worked for three estate agency firms and I've seen none of the stuff that goes on on here.

Home2011

Thrugelmir wrote: »

House is empty, therefore no chain. So will attract keen interest not just yours.

Executors of the estate will obviously try and obtain best price for the property.

Agreed. However the fact that the previous offers (if they existed?!) were low sort of speaks about the level of interest. The flat needs a lot of work so it is more of investors kind of a thing, but investor will want a bargain, so I imagine wouldn't want to pay much more than what we offered? Especially when there are better bargains to be had in the area if you are a cashbuyer? Most first time buyers will not go there as it is a lot of work, and that is not just my sentiment but EA as well.
Than again, one can speculate for ever and never know... I just wish I didn't have to deal with all these mind games

martindow

Texting you the response is a way of avoiding having to give any explanation or answer your questions. If you reply quickly they will take that as an indication of your level of interest and an opportunity to get you to raise your offer. I would let it drift and let them make the next move (assuming you are still interested in this house).

googler

Brodiebobs wrote: »

I think its extremely unprofessional to try and arrange a financial transaction of this sort via txt as its highly ambiguous,open to interpretaion, and not very personalised.

I think a phonecall is more ambiguous and more open to interpretation than a text. You also have a record of the conversation with a text, which you don't have unless you record all your phone calls.

Text messages don't HAVE to include abbreviated text-speak, you know - they can be phrased in full, proper English.

Brodiebobs

martindow wrote: »

Texting you the response is a way of avoiding having to give any explanation or answer your questions. QUOTE]

exactly the reason i dont think its acceptable, thinks its too casual and as if they dont really care whether your offer is accepted or not. I'd be wary that they already have a "buyer" lined up as you said maybe a developer or friend, and they're getting a kick-back from it.

Brodiebobs

googler wrote: »

I think a phonecall is more ambiguous and more open to interpretation than a text. You also have a record of the conversation with a text, which you don't have unless you record all your phone calls.

Text messages don't HAVE to include abbreviated text-speak, you know - they can be phrased in full, proper English.

but often aren't in full english, if this was the case e-mail would be more appropriate. Its horses for courses, if thats the way you like to business thats upto you, but I as a buyer or seller wouldnt like this.

Home2011

kingstreet wrote: »

I agree. I think it would often be better if an agent communicated with a purchaser by simply telling them an offer is rejected, rather than all the game-playing which seems to go on.

TBH I've worked for three estate agency firms and I've seen none of the stuff that goes on on here.

So as the EA what is your opinion on what this actually means? I really don't fancy playing the mind games with the agent, but on the other hand I think the way to success would be to get the agent to see us as good option... the only question is how to do that? As another poster said the difference in their comission would be so small that I imagine it would be in theri interest to sell asap.
What's the best way of getting inside EA mind - how do we find out what price they would advise their client to accept?

Thrugelmir

Home2011 wrote: »

What's the best way of getting inside EA mind - how do we find out what price they would advise their client to accept?

The vendor is making the decision not the EA. Offer what you believe the property to be worth to secure it.

What does the 13% under sales price equate to in £££'s ?