No good at this game!

claire_mc_2

samba wrote: »

Sorry to disappoint you, but no sane person would accept an offer and take their house off the market days before an open day, unless you offer way over asking price, and even then they would probably think that if you were willing to pay over the odds, then others will too, so they would be even less inclined to cancel the open day.

A few weeks ago we were booked in to attend an open day with the same EA, but it was cancelled the day before as an offer had been accepted the day after it went on the market. So it may be rare but does happen!

claire_mc_2

martin1959 wrote: »

The position of the purchaser does make a difference. We would prefer a buyer who is chain free (perhaps previous renter), and ideally someone who is prepared to exchange with a longer period to completion (2 months plus).


We would be prepared to accept a lower offer from someone who fits this criteria. So while the amount of the offer is important, it is so important to 'sell' your situation (if it is worth selling!).

This is us! Want to sell us your house? :-). Good to know there are some people out there who don't just think about the money, I will try to have more faith. The EA is totally aware of our situation so hopefully it will help.

Propertynewbie

martin1959 wrote: »

The position of the purchaser does make a difference. We would prefer a buyer who is chain free (perhaps previous renter), and ideally someone who is prepared to exchange with a longer period to completion (2 months plus).

We would be prepared to accept a lower offer from someone who fits this criteria. So while the amount of the offer is important, it is so important to 'sell' your situation (if it is worth selling!).

Not meaning to hijack your thread, claire_mc, but just wanted to ask martin1959, the answer to which you might find useful:

With regards to 'selling' one's situation, we were planning on communicating our next offer(s) via email to make sure we don't miss out some details. Is emailing a good idea, or is there no point in doing it as it it is better left with the EA to do all of the talking or asking, as it were?

Hope all goes well for you in the end, claire_mc.

TranceNRG

samba wrote: »

Sorry to disappoint you, but no sane person would accept an offer and take their house off the market days before an open day, unless you offer way over asking price, and even then they would probably think that if you were willing to pay over the odds, then others will too, so they would be even less inclined to cancel the open day.

Sorry but you are wrong. It can happen but it's not common. The exact thing happened to a flat I viewed few weeks ago. Came on the market on Monday. I had a viewing on Tuesday and made an offer (under the asking price) and it was rejected and I made a 2nd offer and it was still rejected. Other people had done the same but then on Thursday someone offered the asking price and it was accepted. Vendor cancelled the open day and took the property off the market.

TranceNRG

claire_mc wrote: »

A few weeks ago we were booked in to attend an open day with the same EA, but it was cancelled the day before as an offer had been accepted the day after it went on the market. So it may be rare but does happen!

Exactly. Don't let the naysayers stop you.

As for the open day, I've been to those but just because lots of people come to view the property doesn't mean they are all going to make offers. I guarantee you that a lot of them will make offers under the asking price. So don't be disheartened. You might still get the property.

But I would keep my options open just in case.

martin1959

Propertynewbie wrote: »

Not meaning to hijack your thread, claire_mc, but just wanted to ask martin1959, the answer to which you might find useful:

With regards to 'selling' one's situation, we were planning on communicating our next offer(s) via email to make sure we don't miss out some details. Is emailing a good idea, or is there no point in doing it as it it is better left with the EA to do all of the talking or asking, as it were?

Hope all goes well for you in the end, claire_mc.

I will be doing all the viewings myself, and I will ask all viewers who I show round their circumstances as part of general conversation, not third degree questioning...lol


If the EA is conducting the viewing and you never meet the vendor it is more difficult, but if you do see the vendor, it is important to build a relationship with them if you are interested, as it will be harder for them to let you down......


Just a tip, if you meet the vendors and you like the house, don't tell them all the things you will rip out when you move in!!!

Propertynewbie

martin1959 wrote: »

I will be doing all the viewings myself, and I will ask all viewers who I show round their circumstances as part of general conversation, not third degree questioning...lol


If the EA is conducting the viewing and you never meet the vendor it is more difficult, but if you do see the vendor, it is important to build a relationship with them if you are interested, as it will be harder for them to let you down......


Just a tip, if you meet the vendors and you like the house, don't tell them all the things you will rip out when you move in!!!

Some very helpful things to keep in mind, martin1959. Thanks! The two properties we've viewed where it was the vendors themselves showing us around, there was some 'timidity' which we knew was a sense on their part of not wanting to impose or engage in salestalk. We were all very friendly with each other and all, but perhaps in the future we ought to be more pro-active in selling ourselves during these discussions. I've never thought about it that way until now.

Jhoney_2

TranceNRG wrote: »

Exactly. Don't let the naysayers stop you.

As for the open day, I've been to those but just because lots of people come to view the property doesn't mean they are all going to make offers. I guarantee you that a lot of them will make offers under the asking price. So don't be disheartened. You might still get the property.

But I would keep my options open just in case.

Absolutely this. Some vendors find open days convenient, but it's also a psychological thing - I mean it's not a party so why else are you all there together - no feel for the space, bods in each others way, less inspection room etc etc.
The vendor may well be interested in bringing viewings to a swift conclusion, and moving forward with a serious buyer. These types of buyer can also be rare, so give it a go and sell your offer as best as you can.

Could just as easily be EAs friends making up the numbers before they all go off to the pub:)

Good luck, fingers crossed for you.

DRP

claire_mc wrote: »

Hi, it is a really nice house and ticks all of the important boxes, so we've put in an asking price offer at the end of today. The EA will talk to the vendor in the morning. They do still want to go ahead with the open day unfortunately, the agent said there was no possibility to cancel it no matter how far we managed to get before then.<snip>

The problem with this is that every person attending the open day who wants to make an offer, will make it higher than yours...

Maybe it won't matter, but it is risky in my opinion

Jhoney wrote: »

Absolutely this. Some vendors find open days convenient, but it's also a psychological thing - I mean it's not a party so why else are you all there together - no feel for the space, bods in each others way, less inspection room etc etc.
The vendor may well be interested in bringing viewings to a swift conclusion, and moving forward with a serious buyer. These types of buyer can also be rare, so give it a go and sell your offer as best as you can.

Could just as easily be EAs friends making up the numbers before they all go off to the pub:)

Good luck, fingers crossed for you.

Virtually all the 'open days' i have been to or held have been the opposite, really. They have been 'appointment days' where you get multiple consecutive appointments (eg. we had 8 on saturday til lunchtime, a few on sunday and 3 or 4 more on monday evening).

Much better for vendors as it does instil a sense of urgency to the viewers, without putting them off by overcrowding the place!

I agree with the poster above who said a vendor would be mad to cancel their open day, *especially* now they've had an asking price offer...

Jhoney_2

DRP wrote: »

The problem with this is that every person attending the open day who wants to make an offer, will make it higher than yours...

Maybe it won't matter, but it is risky in my opinion



Virtually all the 'open days' i have been to or held have been the opposite, really. They have been 'appointment days' where you get multiple consecutive appointments (eg. we had 8 on saturday til lunchtime, a few on sunday and 3 or 4 more on monday evening).

Much better for vendors as it does instil a sense of urgency to the viewers, without putting them off by overcrowding the place!

I agree with the poster above who said a vendor would be mad to cancel their open day, *especially* now they've had an asking price offer...

I have had viewing appointments with specific 'appointment times' - only to turn up and they are as I have described above e.g all in at once etc. It could be different with some EAs and other areas, but my experience has covered different EA companies in the same area. Horrid.

Agreed re vendor convenience (as a parent), but not a very good viewing experience for ones potential buyer. Also, if they like it they should have their own sense of urgency and be proactive (like OP) not an artificially imposed one that results in a hurried offer - more likely to be withdrawn further down the line by the next open house frolic or overbidding etc.

PS If I were the vendor OP, I would be biting your hand off.