We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Gazumped? What's my next move? (no pun intended)
smart_cookie
Posts: 39 Forumite
Hi all! Long time lurker, first time poster so please forgive me if I am being naive...but I need your collective wisdom!
I am a FTB, no chain, cash buyer (long story...) and offered just below asking price on a house I really liked. This offer was rejected for being too low (I expected it), so 2 hrs after I was informed of the rejection, I called back to increase my offer. Before I could name a price, the agent said - just to let you know, there is a cash buyer offer on the table for the asking price, and another (non-cash) offer just below asking price. Since I already knew I would be happy to pay the asking price (it's a fair price for the area/condition it's in), I just decided to jump ahead and said - well, that's what I was going to offer anyway
The agent said she'd take the offer back to the vendor and get back to me. This was all yesterday.
This morning, I got a call from the agent to say the vendor has gone with an offer from a friend and the vendor was saying they were not introduced through the agent (is this to avoid paying the agent their fee?!). The agent didn’t seem too impressed and was quite apologetic. She also said if it falls through, she will get back to me.
Do you think it’s worth calling the vendor directly (she gave me her number when I first viewed the house and we had a nice chat) and asking her if she’d consider a higher offer? Or are they really not to be trusted?
Thank you all in advance!
I am a FTB, no chain, cash buyer (long story...) and offered just below asking price on a house I really liked. This offer was rejected for being too low (I expected it), so 2 hrs after I was informed of the rejection, I called back to increase my offer. Before I could name a price, the agent said - just to let you know, there is a cash buyer offer on the table for the asking price, and another (non-cash) offer just below asking price. Since I already knew I would be happy to pay the asking price (it's a fair price for the area/condition it's in), I just decided to jump ahead and said - well, that's what I was going to offer anyway
The agent said she'd take the offer back to the vendor and get back to me. This was all yesterday.This morning, I got a call from the agent to say the vendor has gone with an offer from a friend and the vendor was saying they were not introduced through the agent (is this to avoid paying the agent their fee?!). The agent didn’t seem too impressed and was quite apologetic. She also said if it falls through, she will get back to me.
Do you think it’s worth calling the vendor directly (she gave me her number when I first viewed the house and we had a nice chat) and asking her if she’d consider a higher offer? Or are they really not to be trusted?
Thank you all in advance!
0
Comments
-
You haven't been gazumped as your offer was never accepted....
You are being exceptionally keen so they may be holding out for more from you.0 -
you might be falling for agents tricks..or not. the problem is you nenver know the truth. i have made a few offers before and all agents were telling me about mysterious cash buyers who always turned up the last minute and offer asking price. if you think the house worth X amount fo money then call and tell the price you think it might worth, but dont do that just because you want to outbid another buyer...which at the end of the day might mot exist...0
-
I'd look elsewhere. If the other offers are genuine, do you want to get into a bidding war? There is likely to be other properties of a similar standard that you won't have to pay over the odds for.smart_cookie wrote: »Do you think it’s worth calling the vendor directly (she gave me her number when I first viewed the house and we had a nice chat) and asking her if she’d consider a higher offer? Or are they really not to be trusted?0 -
Visit the estate agent in person to make your offer and don't leave until you have seen the agent phone the vendor and heard the conversation. This way you know your offer has been relayed to the vendor and it puts the agent under pressure.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards