EA pushing low offer- playing games?

rosie383

And how much info do we need to give to the EA we buy from re finances? I think we gave too much info to the one who has just sold ours, and through whom we were going to buy through too. Now that we have accepted the offer, they are making noises about looking for a property for us. Since we first gave them info back in May, we have been saving hard and I dont really think it is any of their business now tbh. I had given them evidence of savjngs etc when they asked. But they were already asking very exact questions earlier.

DRP

rosie383 wrote: »

And how much info do we need to give to the EA we buy from re finances? I think we gave too much info to the one who has just sold ours, and through whom we were going to buy through too. Now that we have accepted the offer, they are making noises about looking for a property for us. Since we first gave them info back in May, we have been saving hard and I dont really think it is any of their business now tbh. I had given them evidence of savjngs etc when they asked. But they were already asking very exact questions earlier.

it is difficult when you're buying and selling through the same EA. Because they are obviously going to know a bit about your finances already, I think that when it comes to making offers, you just have to be firm on what you will pay.

Hoploz

Visit all the local agents in person if possible, and tell them you are under offer. They will definitely be much more attentive to you now you are in a position to proceed. If you call them every week or so to ask for any new houses they will soon have you at the top of their list to call when things come to market - and long before they hit rightmove. Give them a vague (but realistic) budget.

You don't have to tell them anything about your finances. They will probably ask for a mortgage in principle once you find a house you want to offer on, and this is fair as they will need to report to the vendor whether you are a reliable buyer or not . However, they do not need to see any proof of savings!!

rosie383

Thanks Hoploz. We are going to be buying using proceeds of sale plus savings. So what do we need to show then?

LEJC

I dont believe you need to show the EA anything ...we have recently purchased a second property and told the EA that it would be funded with savings and a mortgage of which we had decision in principle when we started looking....and no property to sell
Its your solicitor who is more in need of documented evidence of your ability to buy....
Personally I would not go into anything other than basic detail with the EA

TheCyclingProgrammer

rosie383 wrote: »

And how much info do we need to give to the EA we buy from re finances? I think we gave too much info to the one who has just sold ours, and through whom we were going to buy through too. Now that we have accepted the offer, they are making noises about looking for a property for us. Since we first gave them info back in May, we have been saving hard and I dont really think it is any of their business now tbh. I had given them evidence of savjngs etc when they asked. But they were already asking very exact questions earlier.

Remember they are still acting for you as much as the person you buy from if you buy through the same agent.

It's in their interest to help you find a property and complete the chain or they don't get their commission!

Equally they want to get the best price on a sale for their other clients but they aren't going to quibble over a few grand on an offer as its not worth that much to them commission wise. The most important thing for them is completing a chain of sales.

TheCyclingProgrammer

rosie383 wrote: »

Thanks Hoploz. We are going to be buying using proceeds of sale plus savings. So what do we need to show then?

If they want evidence of funds, proof of savings and memo of sale on your house sale. If they want evidence that you have no mortgage, let them look up the deeds and check there is no charge on your property themselves!

rosie383

TheCyclingProgrammer wrote: »

If they want evidence of funds, proof of savings and memo of sale on your house sale. If they want evidence that you have no mortgage, let them look up the deeds and check there is no charge on your property themselves!

Good idea. I will try to remember that once we get that far.

Argghhh

just tell them a ball park figure but i would be looking myself too - you can filter rightmove and prime location to show houses added latest or in last 24hrs so once you have looked and dismissed the ones that are sstc or not what u want just look at the newest additions as well as letting estate agents contact you about houses about to come onto the market

rosie383

We have been looking every day on rightmove, believe me. Going to see a couple of possibles today. The problem is that we know what we want, and where we want it, but there isn't a lot coming on the market that is right for us. And the estate agents all know we are looking too. I have to say some of them have been pretty good.
We are going to have to compromise I think. Eg., saw one in the right location, perfect except for the living room being really small. And another in the next road is good but there is a really steep drop down to the garden. That kind of thing.