Stupid 'Offers in excess of'

lemontart

the report appears to refer to a scottish company - I would be interested in seeing what English rulings are as currently seeing a lot of houses advertised in such a way one of which I am quite interested in.

princeofpounds

There is nothing legally wrong with advertising in this way, as stupid as it is.

The only legal obligation an estate agent has is to pass on a written offer unless it does not meet *pre-agreed* conditions the vendor has decided on.

It is possible that the vendor said 'market my house at 150k+, but don't inform me of offers at 150K', but unlikely. So I suspect they are trying to game you slightly.

If you care that much, submit a written offer and/or contact vendor direct.

newbutold

I would be putting my offer through the vendors letter box with my contact details. At least they way if you don't hear back you know for sure they were not interested/impressed.

missile

If I were the EA/vendor, I might have OP marked as a time waster who is likely to gazunder or pull out before completion.

googler

lemontart wrote: »

the report appears to refer to a scottish company - I would be interested in seeing what English rulings are as currently seeing a lot of houses advertised in such a way one of which I am quite interested in.

No, it refers to properties they were selling in Scotland.....

Hominu

inmypocketnottheirs wrote: »

I was about to ask if it is Express Estate Agency.

Strange you should say that, as that is exactly who the EA was!

It seems that they are expecting people to bid on the property they have for sale the same as you would a scottish property - here's the base price and we expect offers significantly in excess of the published price. We will not accept offers close to the published price.

Beckyy

Is the vendor still living there?

If so, I would either knock on the door and have a little chat with them or post a note through with your offer on saying their agent refused to put the offer forward to them. Even I wanted more than that, I would be quite annoyed if my agent spoke to a potential buyer like that and refused to even entertain an offer.

If they're using EEA, chances are they want a quick sale and would be interested in hearing your offer anyway IMO.

princeofpounds

If I were the EA/vendor, I might have OP marked as a time waster who is likely to gazunder or pull out before completion.

Why? All they have done it make 2 offers.

pinkteapot

If it's in England, the EA has to report all offers to the vendor, unless the vendor has told them in writing not to pass on offers below £x.

propertyman

The real problem is this

"You want to do a deal the seller wants to take their time"

Sadly you deal with it, it's not Tesco, there is no price on the tin in house selling.

Make an offer, £160k, subject to survey, if it's a bit tired
"shock horror the survey found something"

At worst you lose a few £ooo's but that the cost of getting the chance to negotiate with the vendor on your terms.

Or you deal with it and wait. Sorry.