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How to know if an agent is lying.
Comments
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Unfortunately we were gazumped again by a figure of £15,000 after agreement.0
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Surrey EA's post does make sense in as much as the EA stands to gain more from making the sale at the current asking price, clearing the account and moving onto the next, rather than potentially spending many hours more trying to sell the property. The gain they make from an extra £10-15k is pretty small.
In cases where there isn't another buyer it's possible the EA was actually passing you feedback from the vendor that he'd like an extra £10-15k, but adding the lie of another offer to avoid the "negotiation" element and make it into "bidding" instead.
In this case it does sound like there was another offer, however - I'm sorry about the house, benedict
"You did not pull yourself up by your bootstraps. You were lucky enough to come of age at a time when housing was cheap, welfare was generous, and inflation was high enough to wipe out any debts you acquired. I’m pleased for you, but please stop being so unbearably smug about it."0 -
When I was an EA advisor (three small firms in Staffordshire) they worked on a fixed-fee unless it was a larger and more expensive property (£300k+).
The kind of stuff reported on here doesn't happen anywhere near as much out in the sticks, as the agent doesn't make more money out of higher offers/sale prices and the staff aren't greatly incentivised, having reasonable salaries and only team-based commission earnings.
Seems like a different world in the SE and with corporate agents.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
benedictoveract wrote: »Unfortunately we were gazumped again by a figure of £15,000 after agreement.
Oh that's awful, they said when they accepted your higher offer that they didn't want a bidding war! Guess they got an offer they couldn't refuse.
Hope you find something else soon0 -
Oh that's awful, they said when they accepted your higher offer that they didn't want a bidding war! Guess they got an offer they couldn't refuse.
Hope you find something else soon
Precisely. They spoke what seemed to us an initial language of reason. Then they change tact. It is a deflating experience, but fingers crossed for the future.0 -
benedictoveract wrote: »Precisely. They spoke what seemed to us an initial language of reason. Then they change tact. It is a deflating experience, but fingers crossed for the future.
It's difficult for a vendor in that situation.
It's all very well wanting to play the straight bat, but when someone offers a big sum like that, it could make all the difference in their ongoing house purchase.
Good luck.0 -
I remain surprised that while users of this site naturally want to minimise spending when they're buying something, they can't see the other side of the same coin - to maximise income when they're selling something...0
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