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How do I know if EA has actually put my offer to vendor?
Comments
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Is sending the letters out part of a scheme some estate agents choose to be past of? I have sold my house and recieved a letter informing me I had accepted an offer for my home but that was it. Buyer im also convinced the seller knows nothing about me, however I now know a family member related to the seller so I may do abit of digging first. lolI 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.0 -
Knowledge is power my friend.
I wish you luck.
And don't forget what I have said..............
Gazundering is making a comeback.
Whenthemusicstopsmakesureyou'renotleftstanding0 -
Is this a voluntary code or statutory for all EAs to do this? In our experience during the past few months the majority have not complied.
Has anyone else found the same?
Even if they do confirm our offer in writing, how do we know if they have also copied this to the vendor?
It can be enforced by either The Office of Fair Trading or Trading Standards, if EA's do not comply with the Act then then can be banned from trading as an EA and if you ignore then ban you can be prosecuted and fined!
I have known EA's in my career that have been banned, so I know that the OFT take matters like not informing vendors of offers seriously.
If anyone seriously suspects that offers are not being reported to vendors then they need to report it!My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
Hi, it's my first post so here goes.
EA's DO NOT have to provide the purchaser with a confirmation of offer. Any that do are following best practice.
EA's Do have to inform the seller of any offer in writing. Generally they phone as well.
My Advice to you is:
a) Always speak to the manager from now on.
b) Whilst talking ask about any other buying services they offer. (Don't use any they are a rip off) It's just some agents prefer a buyer who use their mortgage services / Conveyancing / removals etc. book an appointment go through with it or cancel when your offer is accepted.
c) Use the address you got as a last resort the EA will not like you going behind their back.
d) Re-confirm your offer in writing. This time ask for a copy of any correspondence about your offer.
e) Provide everything in your letter solicitors, surveyor, mortgage, your chain or buying position, how quick you can be and include similar properties at the 250k mark to let the purchaser know how you came to your decision.
f) Ask the agent to respond to you in writing within 24hours.
If you still get no joy, use the vendors address you have. Forward copies of all the agent paperwork this time. In a covering letter you could also get the vendor to re-negotiate the agency fees (if the agent did not forward the offer) hopefully saving you more money on the asking price.
This will backfire if the seller is a friend of the agent or the owner. Or the vendor specifically asked not to be informed of offers below a certain amount.
Generally agents want to do the deal so it could be that 250k simply isn't enough. If you could stretch to 260k ask the vendor to pay the stamp duty or even just 2% of it. Or stick to your guns and play the waiting game.
Hope this helps & Good Luck
Be brave, even if your not. people can't tell the difference.
Don't worry about not having enough money. Limited funds encourages creative thinking on a grand scale.0 -
A super first post Happyfanatic and you sound very knowledgable... are you an Estate agent by any chance? Thanks a lot for such a detailed reply.:beer:“A journey is best measured in friends, not in miles.”
(Tim Cahill)0 -
Is it that obvious, I thought no-one would notice. Don't tell sortofok (it may get messy), it'll be our secret.Be brave, even if your not. people can't tell the difference.
Don't worry about not having enough money. Limited funds encourages creative thinking on a grand scale.0 -
Have you previously been a member under a different name?0
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What are you saying balders?
Have we been infiltrated?
Who could it be?
Do you sense it is an estate agent my freind?
or the lawyer that we have ben seeking?
Could it be a bailiff?
Beware the men who quote the law but know not what they say.
Will our jovial friend know the banker's secret?
The one that horrifies and delights all who hear it
Who could it be balders?Whenthemusicstopsmakesureyou'renotleftstanding0 -
I sense foul play0
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Is the old lady still preying on your mind my friend?
Or is it the flooring in the kitchen?
remember?......
..................where the window once was?
Could a worn floor around a window suggest a door could have been there?
What do you think my frend?
And the lady?
Could she be the missing landlord?
Was it the pylons that killed her?
Or dodgy wiring?
What do think my friend?Whenthemusicstopsmakesureyou'renotleftstanding0
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