Agent making up offers

doyles11

Sorry I don't know and it could be fair game. I just don't get get why they would match rather go above? What is the benefit of a seal bid for them?

I can go much higher if required but i want to pay a decent price. Just trying to work out the logic behind the bidders actions?

roger196

For an agent to make up an offer amounts to fraud. This is a criminal offence but would be difficult to prove and I doubt you would get much luck with any help from your local police.

The legislation is the Fraud Act 2006...
Section 2
Fraud by false representation
(1)A person is in breach of this section if he—
(a)dishonestly makes a false representation, and
(b)intends, by making the representation—
(i)to make a gain for himself or another, or
(ii)to cause loss to another or to expose another to a risk of loss.
(2)A representation is false if—
(a)it is untrue or misleading, and
(b)the person making it knows that it is, or might be, untrue or misleading.

googler

doyles11 wrote: »

Sorry I don't know ...

If you don't know, then why is your thread titled "Agent making up offers", with the first line of your OP reading "Can an agent make up that an offer has been matched" ................

jimpix12

Several times I've thought to myself "that offer is made up" only to see it sold. So not every offer is made up. The longer the house has been on the market, the less likely it is an offer has arrived just as you put in your offer...

To the person who said it's not illegal.. It is. But of course there's no proof, and the burden of proof would be on you.

My advice is to increase your offer by £10.

halfone

doyles11 wrote: »

Sorry I don't know and it could be fair game. I just don't get get why they would match rather go above? What is the benefit of a seal bid for them?

I can go much higher if required but i want to pay a decent price. Just trying to work out the logic behind the bidders actions?

I've just read your previous thread. Both you and the other bidder have offered exactly 10k below asking price, right?

Have you considered that it might not be that the other buyer is 'matching' you - they've simply viewed the house and have decided offering 10k under asking is a fair price, as you have?

Edit: To clarify, the point I'm making is 10k less than asking price is a nice round figure, and it's not beyond the bounds of probability you and the other buyer have arrived at that figure independently.

Mistral001

If you are suspicious about this deal then walk away. I think you have justification to be suspicious. After all it is over a quarter a million pound of your hard earned money (or money that you will have to earn in the coming decades).

Carl31

Agency in questionable behavior 'shocker'

doyles11

Thanks everyone. Think I will consider upping my offer slightly and see what happens.

poppysarah

If you don't want to pay any more than that then don't.

Mortgages are tricky things and it might work out that the other buyers pull out (or fade out of the EA's imagination)

doyles11

Thanks. Does anyone have any experiences of sealed bids? What percentage over under to bid etc