Can they refuse full asking price

G_M

Let me clarify then. It was NOT sarcastic (though I admit sometimes I am!).

It was meant as genuine advice.

The OP has done two things which led me to post as I did.

1) started threads on a number of seperate topics (ie those I listed) AND
2) displayed a low level of understanding in each of those areas.

If the OP is serious about his (or her) plans (to buy property, enter the letting market etc) he (or...) will need to understand them in some detail.

If he just asks a few Qs as and when they occur to him (sigh, or her), then he (...) will certainly miss many issues which are important but did NOT occur to him().

My advice that he () should do detailed research for example by using the free resources at his (um) locallibrary is, I believe sensible and sound advice.

Others may, of course, disagree. But is was meant seriously, and was NOT sarcastic.

Fire_Fox

sunshineholiday wrote: »

Fair point, but sometimes it is more comforting to hear things 'from the horses mouth' so to speak.

For example, I can research a used car on the internet all day, read reviews, specifications and generally get all I need to know. However, it is still nice to ask for someones opinion, just to see if it tallies with all that I have read.

If everything was as simple as just 'research on the internet', then there would be really no need for forums like this one, for people to ask, discuss and exchange opinions.

If I were to require some information, I personally would research the internet, as GM suggests, but then I can accept that other people havent the sense/inclination/ability to do so.

I haven't read GMs thousands of helpful posts, but I don't need to in order to come to the conclusion that the post in question was sarcastic!

Anyways, thats by the by...

John

Except the OP didn't seek opinions. If people are spoonfed information they will never acquire the sense, inclination or ability to use Google, the local library or the advanced search function. None of the regulars were born a search engine whiz nor born with the knowledge base they have.

IMO forums are particularly useful for signposting, seeking clarity and for discussing the legislation in light of a specific case. If the regulars spend time patiently responding to every query where somebody is simply too lazy to do their own research, they would be able to spend far less time responding to the queries which actually need individual attention. The forum would be dull and repetitive and, slowly, we'd all drift away.

And as G_M says "Asking occasional questions as they occur to you on each of these topics will leave huge gaps in your knowledge, so far better to research each area fully." Property is the largest purchase most of us will ever make, letting is a business, in neither case should anyone trust unqualified people in a forum to give them the information they need. We won't be the ones tens of thousands out of pocket nor up in court for breaching tenants rights.

G_M

Here you go v6wrx - I just received my free copy of "Successful Property Letting". If the library is too far to walk, just order this freebie!

(note to all - sarcasm. AND a genuine offer!).

PasturesNew

Oh you do make me laugh

G_M wrote: »

,,,,his (or her)
he (or...)
him (sigh, or her),
he (...)
him().

he ()
his (um)

G_M

PasturesNew wrote: »

Oh you do make me laugh

Makes a change from being attacked for sarcasm....

:beer:

Bossyboots

myhouse wrote: »

I've heard the EA is within their rights to ask for their fee if an offer is received at full asking price from a procedable buyer. After all, they've done their job. Anyone else like to advise if this is true.

This would depend on the contract between the seller and estate agent. When I sold a probate property last year I mentioned this specifically to my estate agent and it was actually something they don't include in their contracts and any fee due was only payable on completion of the sale.

poolboy

I have tried twice to buy the same flat...here goes:

Dec 11 - came to market at say 195k, I offered 190k, rejected. EA says it sold but it didn't.

Feb 12 - came back on at 195k, apparently above buyer changed mind

I offered full asking price, cash. Went to sealed bids. I was miffed as I offered full asking price in cash. Anyway, I bid lower as I thought they were greedy.

Sealed bid of 190 rejected, went for a premium but...

It never sold, greedy vendor got what he deserved. I got a better flat & am v happy. Serves him right, he should have taken the cash offer.