Stupid 'Offers in excess of'

paulday

Yes it was Express for us too.

The house was on at offers over £169950, so we offered 170, then 175, then 180, all of which were instantly dismissed.

So we asked what sort of price would start to get things moving, and he said they were looking for at least £195k!

The house was removed from the market, unsold, a couple of weeks later.

Paul

Yorkie1

If you do a search for Express on here, you'll find that they are notorious for their tactic of 'Offers in excess of £x' sale price, with the seller having been told to expect to achieve £x + 30% or whatever - and thus rejecting all offers which fall short of the promised extra margin.

It's unfair on sellers and buyers both.

propertyman

I read the ASA decisions and it is a bonehead one as it failed to understand value marketing or the underlying dispute.

All they need do is remove the qualifier that a discount was available and ride the interest in the market.

Otherwise the decision implies that a property that is valued accurately at £x but due to circumstances or the type of property exceeds that, the agent is guilty of misrepresentation.