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Just read a post about knowing offers
jay-jay
Posts: 465 Forumite
Is it not common place to reveal offers to a potential buyer that other people have made to the seller. The estate agent we are dealing with is very happy to divulge this information I thought this was the norm?
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.
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.
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Comments
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The EA is obliged to tell prospective purchasers of any other offers made but not what the offer is, unless the Vendor has specifically told them to.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 -
MissMotivation wrote: »The EA is obliged to tell prospective purchasers of any other offers made but not what the offer is, unless the Vendor has specifically told them to.
Or unless it is to their advantageto do so. Whenthemusicstopsmakesureyou'renotleftstanding0 -
Isnt it always to their advantage! 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 -
No, it wouldn't always be to their advantage. Imagine a house was on the market at £300k and three offers had been put on the table between £260k and £280k cos locals felt the house was over-valued. Then someone comes along and offers full asking - if the EA told the potential buyer that the other offers had been much lower then the buyer will go low too.
EAs will say "there's been lots of interests and x number of offers" but they would be crap agents if they also said how much they all were (unless they were all over asking price of course, but even then they shouldn't say how much over). They want buyers to be concerned they are going to lose the house and then offer more than they should.
Or is that just cynical?!
DNWYou'll never see a rainbow if you don't first put up with the rain . . . :happylove0 -
What if all 4 buyers were one and the same my friend?
Wouldn't that amuse you?Whenthemusicstopsmakesureyou'renotleftstanding0 -
Isnt it always to their advantage! lol
No......generally it's to the Vendor's advantage!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 -
drowningnotwaving good point made.Never look back if you want to move forwards
Piggyback rewards - £10 costa coffee voucher, one £10 arcadia voucher, £20 boots vouchers,0 -
I can see both sides of the coin, so I guess agents decide themselves. It'd be not much use a buyer making an offer of the same or less than a previous offer, with the agent knowing full well its going to be rejected. Waste of everyone's time. I dont see any harm in buyers being told of rejected offers.... Its upto them to make of it what they will.0
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What if all 4 buyers were one and the same my friend?
Wouldn't that amuse you?
Explain to me exactly how this could happen??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
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