Estate agents behaviour

londonmaiden

dominoman wrote: »

What are these God-awful outer boroughs of which you speak?

Erm...an example being Waltham Forest e.g Walthamstow, Leyton et al. That's just my personal opinion though, some people love it! Not for me! I would rather have a better quality of life and you can try and gentrify these places all you like, I don't want to pay £400k to live in a dump!

lincroft1710

hazyjo wrote: »

, and am (now) 44, not 24 (although look younger and people do tend to talk to me like I'm decades younger than them when I'm not. Grrr).

So there are some disadvantages in looking 20 years younger than you are.

hazyjo

lincroft1710 wrote: »

So there are some disadvantages in looking 20 years younger than you are.

Yep lol. Used to get asked if I was old enough to buy alcohol in my 20s (and once someone sort of asked in my 30s but laughed it off), and cigarettes in my 20s. Oh and the swimming pool once asked (in my 20s) if it was a child ticket (I followed my fiance, his older sis and her husband). Several people also thought my first husband was my dad (he was around 6 years older).

So no, not all good lol.

Am sure that EA thought I was MUCH younger. I had to make such a ridiculous effort to talk about "when I first bought in '91..." so he could do the maths and stop talking to me like a child. Rude rude rude.

Jx

geoffky

I would never let my best mate talk to me like that never mind some jumped up house flogger...He would of been told..

Green3

Someone should start an online petition at change.org to stop this over valuation of properties by estate agents and to request people to stop paying more than asking price and driving up property prices. This should be sent to the Prime Minister. This is destroying families and society.

anselld

Green3 wrote: »

Someone should start an online petition at change.org to stop this over valuation of properties by estate agents and to request people to stop paying more than asking price and driving up property prices. This should be sent to the Prime Minister. This is destroying families and society.

How can it be over-valuation if people are willing to pay more than the asking price?

Green3

There is a difference between the value of a house and what people are willing to pay. Those who are willing to pay above the over-valued asking prices are behaving as if there is no tomorrow, and are pushing up the house prices for everyone. The general rule of thumb is that a property may double in price in 10 years. But now they are being put up for sale at double or more their price in less than 5 years! This is called over valuation.

And once a certain property on a certain road has been sold for a certain price, then another similar property which comes up for sale in the same road at the same time will definitely be priced higher or same as this. It will not be put up for sale at a lesser price because the seller and estate agents feel that since that house got sold for so much, I can also get the same. And thus the prices of houses start going up at a crazy pace.

So the estate agent who put up the first house for an over valued price to get extra commission, and the first buyer who paid above the asking price because he was richer/stupider than the rest of the buyers, both contribute in pushing up house prices. This buyer (unless he is a cash buyer/foreign investor) will borrow money from the bank by over stretching his budget. And he has to ultimately repay this money to the bank or his house will get repossessed.

And whenever people are living a life beyond their means and have a huge debt, they are taking a very big risk. And believe me money problems can break up families, relationships and the stress can cause serious health problems. So if all buyers unite and refuse to fall into this trap set by estate agents and banks, then there will be no choice but to put properties for sale at reasonable prices.

But here the stupid rich are starting a property war. And when they want to sell, obviously they will not sell it for a lower price than they bought it for. So today's frenzy is pushing up property prices forever and beyond the reach of an average income person. And it is the selfishness of rich people and the greed and arrogance of estate agents which is contributing to this.

Please open your eyes and stop this. And the only way to stop this is to stop paying above asking prices. Then the estate agents will think twice before putting up houses for sale at insane prices. Are we really going to allow this bunch of notorious estate agents to totally ruin the property market and cause the banks to collapse?

Davesnave

Green3 wrote: »

There is a difference between the value of a house and what people are willing to pay. Those who are willing to pay above the over-valued asking prices are behaving as if there is no tomorrow, and are pushing up the house prices for everyone. The general rule of thumb is that a property may double in price in 10 years. But now they are being put up for sale at double or more their price in less than 5 years! This is called over valuation. And once a certain property on a certain road has been sold for a certain price, then another similar property which comes up for sale in the same road at the same time will definitely be priced higher or same as this. It will not be put up for sale at a lesser price because the seller and estate agents feel that since that house got sold for so much, I can also get the same. And thus the prices of houses start going up at a crazy pace. So the estate agent who put up the first house for an over valued price to get extra commission, and the first buyer who paid above the asking price because he was richer/stupider than the rest of the buyers, both contribute in pushing up house prices. This buyer (unless he is a cash buyer/foreign investor) will borrow money from the bank by over stretching his budget. And he has to ultimately repay this money to the bank or his house will get repossessed. And whenever people are living a life beyond their means and have a huge debt, they are taking a very big risk. And believe me money problems can break up families, relationships and the stress can cause serious health problems. So if all buyers unite and refuse to fall into this trap set by estate agents and banks, then there will be no choice but to put properties for sale at reasonable prices. But here the stupid rich are starting a property war. And when they want to sell, obviously they will not sell it for a lower price than they bought it for. So today's frenzy is pushing up property prices forever and beyond the reach of an average income person. And it is the selfishness of rich people and the greed and arrogance of estate agents which is contributing to this. Please open your eyes and stop this. And the only way to stop this is to stop paying above asking prices. Then the estate agents will think twice before putting up houses for sale at insane prices. Are we really going to allow this bunch of notorious estate agents to totally ruin the property market and cause the banks to collapse?

This obviously took some time to think about and write.

If you could have been equally bothered to arrange it in paragraphs, your readership would have doubled.

moneyistooshorttomention

JoJo,

Errrmm..I've got news for you...I looked younger than my age for years (these days I look exactly my age:() but people doing things like "talking over you" can happen at any age.

I had dealings with a particular firm recently where the man concerned was trying the "talk over me" tactic at my age. I cant actually understand why people do that, as if someone does that to me and its still "my turn" to talk and I am still speaking, then I just stay as calm as possible and continue saying what I am saying. I certainly haven't the foggiest idea what the perpetrator of "talk over tactic" is saying, because I'm continuing what I was saying and I don't suppose the perpetrator has any idea what I am saying either (as they are focusing on trying to interrupt me). Genuine question here = is the person doing the talking-over/interrupting trying to make me shut up part way through what I am in the process of saying/forget what I want and just get told by them what I am having instead (even though I am the one who is the customer)? Or have they already decided not to do business with me and are the sort of person who likes to punch someone, but feel they cant get away with that, so the talking-over is the verbal equivalent of a punch?

Then there is the deliberately looking puzzled when you make a justified complaint about something and telling you that your standards are unreasonably high (when they aren't at all and you are only expecting normal decent quality product or service and not some absolutely perfect "breathed on by angels" high-end stuff). That still happens to people, even at my age.

I don't think I've encountered these two things until recently, hence not quite sure how to think of them/handle them, other than persist with being the customer trying to get the perfectly ordinary standard product/service I require. I'm experimenting with the "deliberately looking puzzled" and "of course.....that's how x/y/z is" back in return, in case that's the way to deal with this...

missprice

Green3 wrote: »

There is a difference between the value of a house and what people are willing to pay. Those who are willing to pay above the over-valued asking prices are behaving as if there is no tomorrow, and are pushing up the house prices for everyone. The general rule of thumb is that a property may double in price in 10 years. But now they are being put up for sale at double or more their price in less than 5 years! This is called over valuation. And once a certain property on a certain road has been sold for a certain price, then another similar property which comes up for sale in the same road at the same time will definitely be priced higher or same as this. It will not be put up for sale at a lesser price because the seller and estate agents feel that since that house got sold for so much, I can also get the same. And thus the prices of houses start going up at a crazy pace. So the estate agent who put up the first house for an over valued price to get extra commission, and the first buyer who paid above the asking price because he was richer/stupider than the rest of the buyers, both contribute in pushing up house prices. This buyer (unless he is a cash buyer/foreign investor) will borrow money from the bank by over stretching his budget. And he has to ultimately repay this money to the bank or his house will get repossessed. And whenever people are living a life beyond their means and have a huge debt, they are taking a very big risk. And believe me money problems can break up families, relationships and the stress can cause serious health problems. So if all buyers unite and refuse to fall into this trap set by estate agents and banks, then there will be no choice but to put properties for sale at reasonable prices. But here the stupid rich are starting a property war. And when they want to sell, obviously they will not sell it for a lower price than they bought it for. So today's frenzy is pushing up property prices forever and beyond the reach of an average income person. And it is the selfishness of rich people and the greed and arrogance of estate agents which is contributing to this. Please open your eyes and stop this. And the only way to stop this is to stop paying above asking prices. Then the estate agents will think twice before putting up houses for sale at insane prices. Are we really going to allow this bunch of notorious estate agents to totally ruin the property market and cause the banks to collapse?

This was far too long to not have paragraphs but have you ever thought, there is more to the UK than London, South East etc.

Oop north houses are selling for normal prices. Instead of all buyers clubbing together to not pay inflated prices ( pipe dream) try moving out of that bubble and getting a much cheaper house or a bigger house for the same money.

EAs up here try once to get you to up your bid ( at least one has done that recently) then leave you alone mostly. Still some nice areas near where I live and houses on the market for sub 90k, need work doing but not like rebuilding. And ya can go up market as much as you can afford. Seen some places at the 6 million price tag, although I believe them to be overpriced or that price because a footballer once lived there.