What is seller playing at?

Windsorcastle

DandelionPatrol wrote: »

Well, you could just try creating a new ID on the system.

If that works, do please come back and let us know, because it is a new slant on having lots of offers and lots of people offering, if most of them are really the same people making progressively higher offers.

That idea almost appealed to my frenzied mind, until I pictured myself feverishly outbidding my alter egos

DandelionPatrol

Windsorcastle wrote: »

That idea almost appealed to my frenzied mind, until I pictured myself feverishly outbidding my alter egos

You manage your alter egos on here OK, don't you?

somethingcorporate

It's a crazy situation but being in London goes a fair way to explaining a few things. Still, keep us posted. I think by law they need to pass on your higher offers, regardless of their stupid system.

Good luck with this, it sounds like you need it here.

Windsorcastle

DandelionPatrol wrote: »

You manage your alter egos on here OK, don't you?

Now there's an idea! I could have hours of fun abusing myself and telling myself how stupid I must be! :rotfl:

Windsorcastle

somethingcorporate wrote: »

It's a crazy situation but being in London goes a fair way to explaining a few things. Still, keep us posted. I think by law they need to pass on your higher offers, regardless of their stupid system.

Good luck with this, it sounds like you need it here.

Thankyou Somethingcorporate. It's just frustrating. And much as I criticise high street agents, I wish I was dealing with one now, as I'm damn sure they'd be biting my hand off for a better offer!

racing_blue

Maybe someone offered them £70k over. Maybe they sold to a relative. Maybe they only accept offers on Thursdays because of bingo and darts.

Windsorcastle

So the latest is that the vendor has accepted an offer 'in principle' but has gone back to everyone else inviting 'best and final offers' by tomorrow.

I said to the EA that if I was the person whose offer has been accepted I would be very angry, and she agreed! I got the impression that they have had a lot of confused and frustrated bidders ringing them about this one...

So now it's the usual stab in the dark to try and guess what will clinch the deal. However I'm assuming the current accepted bidder won't have been rejected and therefore won't have the opportunity to increase his/her bid so this could get even more bizarre...

lessonlearned

Sounds like a very tImid or very inexperienced EA. Who is clearly out of her depth. She really ought to be taking control of the situation.

In cases like this, where a property is attracting multiple offers, the best practice is to go for sealed bids.

All offers to be in writing, with proof of funds, by close of business on a given date. Proof of funds would either be a copy of the AIP, or if a cash purchase, then a simple letter from the purchasers solicitor to say that the purchaser has provided evidence to show that sufficient funds are in place. No need to show bank statements or disclose personal Financial details to either the EA or the Vendor.

Landofwood

Windsorcastle wrote: »

So the latest is that the vendor has accepted an offer 'in principle' but has gone back to everyone else inviting 'best and final offers' by tomorrow.

I said to the EA that if I was the person whose offer has been accepted I would be very angry, and she agreed! I got the impression that they have had a lot of confused and frustrated bidders ringing them about this one...

So now it's the usual stab in the dark to try and guess what will clinch the deal. However I'm assuming the current accepted bidder won't have been rejected and therefore won't have the opportunity to increase his/her bid so this could get even more bizarre...

Normally all parties are included in the "best and final" process, including the current high bidder.

ScorpiondeRooftrouser

Clearly this house is attractive because it has been undervalued. However with this level of interest it is unlikely that it will remain undervalued, so look for something else at the price level you think you will end up having to pay.