Propertyfan's guide to property viewers!

SG27

makeyourdaddyproud wrote: »

Meanwhile you can spend the next 3 months viewing a bunch of also-rans only to come back to that 'overpriced' house and find it sold. You lose.

Hmmm.

I assume that 'avaricious' edit was aimed at me which I find rather amusing as that is the exact word I would have used to describe the vendor of the house I was talking about. And considering the outcome I believe I was vindicated.

makeyourdaddyproud

SG27 wrote: »

Yes I think you are, and yes I was expecting to make a lower than asking price offer on all the properties I looked at. If the asking price was set in stone I would have viewed very few houses.

I think the asking price was £215,000. My offer was £0. No point wasting my time!

I don't want to discourage you but I am merely highlighting the fact that offering the AP can save a massive amount of headache.

We appear to be in a rising market for the most part and this translates into mucho £££ if you take too long to buy your next house.

It's a question of tradeoffs.

If say, a £5k discount is rejected by the vendor, in some areas this can be wiped out in just 3 months of house price growth.

SG27

makeyourdaddyproud wrote: »

I don't want to discourage you but I am merely highlighting the fact that offering the AP can save a massive amount of headache.

We appear to be in a rising market for the most part and this translates into mucho £££ if you take too long to buy your next house.

It's a question of tradeoffs.

If say, a £5k discount is rejected by the vendor, in some areas this can be wiped out in just 3 months of house price growth.

Unless the house is £40k over valued and prices start dropping again after you bought!

I bought in February in fairly rural essex and prices were flat/falling slowly and from what I've seen since nothing has changed. If a house was valued well in my opinion I would offer the asking price. I never did. My advice would be keep an eye on what prices are selling for and forget the asking price, it's meaningless in most cases.


Edit: are you in London? I understand its a different world there!

makeyourdaddyproud

Had sold in Reading. Tiny 3 bed, AP was £205k, we accepted £200. Moved quickly, no onward chain.

Bought 7-bed in Thanet for cash. AP £210k offered AP.

Like you, probably could have shaved £5k but didn't want to take the chance. Our circs are different in any case as we are well off.

Regards

SG27

makeyourdaddyproud wrote: »

Had sold in Reading. Tiny 3 bed, AP was £205k, we accepted £200. Moved quickly, no onward chain.

Bought 7-bed in Thanet for cash. AP £210k offered AP.

Like you, probably could have shaved £5k but didn't want to take the chance. Our circs are different in any case as we are well off.

Regards

Most people are not well off enough to buy for cash. Hence this website! Especially not first time buyers as I was, we had to bargain hard to get the best value as we could.


We shaved £25k off not £5k

makeyourdaddyproud

SG27 wrote: »

Most people are not well off enough to buy for cash. Hence this website! Especially not first time buyers as I was, we had to bargain hard to get the best value as we could.

And that is important if it works out positively, as it had in your case.

Sadly, the garden in this house is just 53ft.

I guess i'll just have to get over it :-(

shortchanged_2

makeyourdaddyproud wrote: »

Had sold in Reading. Tiny 3 bed, AP was £205k, we accepted £200. Moved quickly, no onward chain.

Bought 7-bed in Thanet for cash. AP £210k offered AP.

Like you, probably could have shaved £5k but didn't want to take the chance. Our circs are different in any case as we are well off.

Regards

:rotfl:Love it.




I'm considerably richer than yaww!

SG27

shortchanged wrote: »

:rotfl:Love it.




I'm considerably richer than yaww!

:rotfl:

.....

wannahouse

phoebe1989seb wrote: »

.......and the No-Show Viewer - every property seller must have one, often generously supplied by that most honest of parties, the Estate Agent Guaranteed to make you spit and swear for wasting so much time prepping, cleaning and de-cluttering - all for nothing :mad:

......and no, I'm not selling - but have had a *no-show* almost without exception every time we have sold!

yes- the "no show viewer".... (and the bloody agent that doesn't bother to ring the tenant to let them know the viewers have cancelled in advance!)

we are tenants renting a place (until hopefully we manage to exchange and complete on our house we are purchasing), and the landlord has the place we are renting up for sale.
we have had TWO no show viewings in TWO days, mind you, while the kids are on holidays and we've had guests staying, so we have taken the time on both occasions to run around and spend the whole evening cleaning and making the house presentable (large 3 story ,5 bed house) to help give the landlord the best chance of selling it, as i won't leave the place untidy for someone to view...
it put us out majorly, and the first woman knew it would, because she made the viewing one day in advance, and we told the agent it was a very inconvenient time,with guests staying, to have to allow it, and would prefer it be booked for the same time as the other viewing, so at least we only have to do the massive tidy once in the week, but the woman insisted it was the only day she could do it, as she would be going back to wherever she came from afterwards...

to say we were livid when we discovered the two lots of people wasted our time this week is an understatement...SO RUDE!!!!!!
and the agents didn't even bother to tell us the people had pulled out of the viewing either, so we had gone ahead doing all the work!!!

next time i have a good mind to throw all our undies all over the place and leave the loos unflushed, just to get our own back as we're fed up with these NO SHOW-ERS!!

phoebe1989seb

Propertyfan wrote: »

I've added the following to the top thread.

Thanks Propertyfan, but I can't take credit for *the shill* as that was suggested by kingstreet

Thinking about it, we experienced the shill ourselves during our first attempt to sell our last house in 2008/9 - can't remember the year now - all I know is we had it on for a month or so then took it off, did more work and re-marketed in 2011 .......

Our EA sent round a retired couple (Mr & Mrs H) within the first few days on the market. They luuuurved the house (a very characterful Tudor jobby), were apparently desperately keen to offer and were cash buyers too, to boot. The offer never materialised - turned out they were awaiting a small inheritance to enable them to buy mortgage-free without selling their current house.......we never heard from them again.

Funnily enough, when we decided to re-market the house in 2011 our EA (same one) half jokingly said he might give them a call to see if they were still looking - as they sooooo wanted to buy our place........hmmmmm

Instead they sent round another couple - retired again, but that was the demographic of the area - on the very first day the house went live on RM and tbh, they too always seemed a bit suspect to me - house not yet on market, put it on with same EA that week, made offer we obviously couldn't accept as non-proceedable, then withdrew from market as soon as we reached exchange with genuine buyers

Or maybe I'm just paranoid :rotfl: