EAs cancelling appointment before you can view

kingstreet

ognum wrote: »

you are clearly not working in an area with a feeding frenzy. recently a property I was interested in came on at 215k. A similar house sold a year ago for 170k. After about 10 offers it sold for 250k, 40% higher than a year ago. Why would anyone in those circumstances accept the first offer which was probably asking price!

But like I said, the logical conclusion to your suggestion is that vendors carry on marketing in the hope of getting an even higher price, eventually leaving you behind.

At what point in £, or in time, should the vendor decide they are happy?

If their first offer was asking price and a proceedable buyer with 50% deposit, or 100% cash even?

Often, the bird in the hand really is better than the extra £10k from the 95% borrower in the bush.

ognum

kingstreet wrote: »

But like I said, the logical conclusion to your suggestion is that vendors carry on marketing in the hope of getting an even higher price, eventually leaving you behind.

At what point in £, or in time, should the vendor decide they are happy?

If their first offer was asking price and a proceedable buyer with 50% deposit, or 100% cash even?

Often, the bird in the hand really is better than the extra £10k from the 95% borrower in the bush.

I'm sorry but I think you are wrong in this area at the moment. EAs here (Cambridge) tend to do block viewings on two days usually the first 20 people to make contact, all the slots are full on day one of selling, it is unusual for the house to still be on the market 2 weeks later.
I fail to see in this flurry of buying why you would lose the first offer, there is seldom anything else to offer on.

yorkshire_terrier_owner

From a vendors point of view:

When I was selling my house last year I really really hated doing viewings. Sorting out the house, getting my (many) dogs out of the house etc etc, but it was a necessary evil.

When I got an offer I was happy with I jumped for joy that I wouldn't have to do any more viewings and instructed the agent to cancel any that were booked. They kept the details on file and told potential buyers they would invite them for a viewing if the sale fell through. It also kept my buyer on side.

Then with the house I was buying, I knew there were second viewings booked and made my offer on the condition they were cancelled, and the vendors accepted my offer on that basis.

HelenRachel

We've just had an offer accepted on a house this week. A condition of the offer was that they took the house off the market. Its a sign that the vendor is serious about your offer and not just waiting for something better to come along!