Waste of time viewing?

DGJsaver

Morning peeps

Just wondered , i know it probably gets asked a lot and is obviously subjective...we are going to look at a house later ,ticks a lot of boxes , its been on at the same price , according to Zoopla , since last August , it`s up at £229.995 , and with no doubt at all , at that , we cant afford it , our absolute maximum is £215 , preferably £210 , does it indicate to you , if someone is happy to sit for that price , for that long , that they have presumably swatted away offers so us ours many times?

The house is in what is described locally as a good area...

Obviously dont want to fall for something unobtainable and waste everyones time!

Any thoughts ?

Deano

twisty

Even if they have declined low offers in the past, doesn't mean they would again.

It may mean that they have batted away offers of 215 in the past but you never know, they may be wishing that they had taken one of those now! If you offer what you want to offer, they might take it rather than sit for another 10 months on the market.

Besides, even 210 is not a million miles away from their asking price. We just accepted an offer 15k under asking price, and we had only been on 3 weeks. It all depends on the individual.

Definitely go and see it and, if you like it, make an offer. They can only say yes or no.

DGJsaver

I agree , thanks , what is there to lose i guess! , i think it`s easy to read too much into this viewing and offering malarky , and half of that is driven by pushy , and unrealistic estate agents i feel

Mr_Moo_2

No harm in viewing. Whether the price is negotiable all depends on the sellers motivation. You run the risk of wasting a bit of your time and making a couple of phone calls to no avail. And if you don't ask you won't ever find out. Good luck....

lessonlearned

One more time....

The EA is piggy in the middle. They can suggest an asking price, they do not set the price. The Vendor does.

The EA doesn't care how much the Vendor discounts the sale. In the grand scheme of things the effect on commission is negligible.

Better for the EA to have a slightly reduced commission than no commission. No sale no commission........

Vendor won't budge on asking prices???. Don't blame the EA, they are just the "Go Between". Don't shoot the messenger:rotfl:

Yes definitely go and see the house. Who knows what is going through the Vendor's mind, how many viewings they've had, how many offers they've refused, whether they are now regretting refusing offers etc.

A lot of variables;)

Just go and see what you think. Try and see other properties that are similar too so that you can make comparisons and therefore make a more accurate assessment of the asking price.

The more properties you view the easier it becomes to work out which properties offer the best value for money.

Good luck.

DGJsaver

It just feels like EA`s drive the process far more than vendors should let them (and i have just sold so feel this way from that side as well)

lessonlearned

DGJsaver wrote: »

It just feels like EA`s drive the process far more than vendors should let them (and i have just sold so feel this way from that side as well)

Only if the Vendor lets them..........;)

The client is always "the Boss"...The client is paying the EA's wages.

If the EA starts getting airs and graces then slap them down a bit. Nicely of course......

(I'm telling you this as an ex EA myself:rotfl:).

Seriously - the Vendor is in the driving seat, the EA works for the Vendor. The Vendor has the last word.

lessonlearned

I've only started reading the house buying threads in the last few months and I must say I do find them interesting reading, especially some of the issues around EA's.

As an ex EA and as a normal Vendor and Purchaser myself I see both sides of the coin. I find these threads most enlightening .......and rather amusing and entertaining......

The one thing that really does strike me most though is how many people are not prepared to accept some responsibility for what is, for most of us, the most important financial transaction of our lives.

I simply cannot understand why someone would hand over the entire process to an EA, refusing point blank to even be present at viewings, and allowing EA's full run of the offers stage.

The EA's are just "piggy in the middle", no more, no less.

The EA adds most value as an Introducer, and then when once an offer is accepted, then as a Sales Progressor.

I only ever instruct an EA to act as my Introducer, ie market and advertising my property. I do of course insist they do the sales progressing but I add another layer by doing as much of the sales progressing myself.

I will not, under any circumstances, let go of the reins and hand over the process to someone else.

When I am selling I am the Client, I am "The Boss" and woe betide anyone who forgets that. :rotfl:

An EA who overstepped the mark would be given a metaphorical slap on wrist - pronto....

Itismehonest

No harm in viewing from your point of view. The Vendor may be in a position to lower the price if they want a quick sale now.
However, there may be reasons other than pure stubbornness or greed for the vendors not being willing to drop beyond a certain figure (e.g. equity).

From the Vendor's point of view EAs can often send complete time-wasters which does nobody involved any good.
I did once have the EA phone to ask if it was worth someone who couldn't afford more than x come to view & I nearly fell off my perch in surprise that at last they'd thought to enquire.
It turned out to be the Purchaser's idea as they didn't want to travel right across country to find they'd wasted a long journey.

DRP

lessonlearned wrote: »

I've only started reading the house buying threads in the last few months and I must say I do find them interesting reading, especially some of the issues around EA's.

As an ex EA and as a normal Vendor and Purchaser myself I see both sides of the coin. I find these threads most enlightening .......and rather amusing and entertaining......

The one thing that really does strike me most though is how many people are not prepared to accept some responsibility for what is, for most of us, the most important financial transaction of our lives.

I simply cannot understand why someone would hand over the entire process to an EA, refusing point blank to even be present at viewings, and allowing EA's full run of the offers stage.

The EA's are just "piggy in the middle", no more, no less.

The EA adds most value as an Introducer, and then when once an offer is accepted, then as a Sales Progressor.

I only ever instruct an EA to act as my Introducer, ie market and advertising my property. I do of course insist they do the sales progressing but I add another layer by doing as much of the sales progressing myself.

I will not, under any circumstances, let go of the reins and hand over the process to someone else.

When I am selling I am the Client, I am "The Boss" and woe betide anyone who forgets that. :rotfl:

An EA who overstepped the mark would be given a metaphorical slap on wrist - pronto....

I agree with the majority of your post but regarding the part in bold, I imagine most vendors work full-time and so have to hand over the viewings to the EA.

In general when i view a house, the EA is simply the person who answers the door and lets us in. They may sometimes be useful for a question or 2, but I make my own decision based on what i see, my own research and some focussed questions which can be directed to the vendor via the EA.

I think if the EA is reasonably professional, this works quite well.

ghosti

definitely not a waste of time, you are not a million miles away from the asking price (note: asking price).

what looks good on paper might not actually impress you when you see it for real, or it might be better than you imagined. you can only tell by seeing it. hope it works out for you..