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games estate agents play

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  • sortofok
    sortofok Posts: 515 Forumite
    Liz1966 wrote: »
    Here's my EA activity from a buyers perspective:
    Neighbour's vacant house goes on the market for £172K. I look round & am told asking price has already been offered (but not yet accepted). I offer £175K. Later EA tells me vendor has accepted other offer because they are cash buyer. I subsequently check on house price on net & see other buyer paid what I offered ie. £175K. They must have told her I had put in a higher offer & omitted to mention I was not in a postion to proceed because I had no buyer for my flat. That cost her £3K & I was never told her offer had been increased.

    As a seller? Oh too many to mention but here are a few:

    Numerous viewings from people being nosy & not in a postion to buy e.g. they're not putting in an offer cos it's too close to the road - well they were living the other side of the same road at the time! Or there's the chap that viewed twice (2nd time with entire family). He wasn't going to put in an offer cos he'd have to sell his property & he hadn't decided whether to do that yet.![/QUOTE
    These people I have identified in bold are what is known as "timewasters".

    However, last week they were the saviours of the market.

    Remember the EA line....... No?


    It went like this.... "The introduction of HIPs would lead to people not

    appointing an estate agent to 'test the market' ". ie to waste time

    Stupid, greedy people. One and all.
    Whenthemusicstopsmakesureyou'renotleftstanding
  • jay-jay
    jay-jay Posts: 465 Forumite
    Some great bits of advice. Im sure an agent is currently trying to get a higher offer out of me, by telling me the house is under offer for 5K less than the asking price but it hasnt been accepted (funny how she didnt actually know any other details about it though oh and as cagey as h*ll!)
    How many people have played the agent at their own game and walked away from their dream house - and won!!
    Im tempted to bid higher because I love the house, but at the same time cant really afford the extra either (rents said they would help with the difference). Should I offer more or decline walk away and hope it is still on the market. I complete on my house very soon only one bit of paper work holding it up and ive moved into rented so I have no chain after that and dont need to rush to much
    Thanks
    I hope that my child, looking back on today
    Will remember a mother who had time to play;
    Because children grow up while you're not looking,
    There are years ahead for cleaning and cooking.
    So, quiet now cobwebs, dust go to sleep.
    I'm nursing my baby, and babies don't keep.
  • sortofok
    sortofok Posts: 515 Forumite
    jay-jay wrote: »
    How many people have played the agent at their own game and walked away from their dream house - and won!!
    Thanks

    Me.

    Would you like me to elaborate?
    Whenthemusicstopsmakesureyou'renotleftstanding
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    sortofok wrote: »
    Me.

    Would you like me to elaborate?

    Please elaborate
  • jay-jay
    jay-jay Posts: 465 Forumite
    Yes please
    I hope that my child, looking back on today
    Will remember a mother who had time to play;
    Because children grow up while you're not looking,
    There are years ahead for cleaning and cooking.
    So, quiet now cobwebs, dust go to sleep.
    I'm nursing my baby, and babies don't keep.
  • sortofok
    sortofok Posts: 515 Forumite
    Ok I will.
    Whenthemusicstopsmakesureyou'renotleftstanding
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    sortofok wrote: »
    Ok I will.

    My "ideal home" (style, price, location, everything) came up for sale one day in 1998.

    Just outside Cardiff. Bit of a wreck having been lived in (rented) for 70 years
    by some old bloke. Some sort of covenant going back generations.

    When he died, the owners (some family in cardiff) put the place up for sale with cardiff estate agents. The for sale board goes up outside.

    Now, cardiff estate agents don't have anything to do with this town normally - there's about half a dozen loal EAs in this town. so the board stood out.

    So when I see it, I phone up, arrange a viewing and decide this is the place for me to spend the rest of my days.

    That night, I asked the 15 year old son of a mate of mine if he would like to earn a fiver (don't titter, his father was there at the time)

    All you've got to do is rip down that for sale sign and bring it to me.

    When I phoned up the estate agents over the next few weeks they kept saying that there hasn't been a lot of interst in that property.


    BIngo. Cue my yellow pages trick.

    Got the house for 37k. spent 30k. Now "worth" approx. 240k

    It's a dirty game people. Do it to them before they do it to you.

    :D

    slightly better return than your flat...
  • sortofok
    sortofok Posts: 515 Forumite
    Indeed baldrick.

    Did you enjoy?
    Whenthemusicstopsmakesureyou'renotleftstanding
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    lynzpower wrote: »
    I do sympathise? But out of interest, what would you have preferred the EA to do ? NOT shown the buyers to the other house ( thus negating thier duty to sell houses- imagine how youd feel if you were your neighbour vendor)

    Stunned to read you defend that..
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    sortofok wrote: »
    Indeed baldrick.

    Did you enjoy?

    Top stuff..Wouldnt really work the same now with the internet..
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