PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Agent wants to " substantiate" our offer before he puts it to vendor?

Options
12357

Comments

  • Quick update. EA wil not accept our AIP from London & Country and needs an AIP from a specific lender. This will probably take a few days to get (and we'll end up not going with that lender, I am sure), and in the meantime the vendors have no idea that we made an offer the morning after our second viewing, so we look flaky and like we're stringing things out.

    I just can't see how this works with the EA/vendor relationship (this is a house that has been on the market for a few months with no offers, vendors are allegedly keen to move):

    Vendor to EA - "so, that couple who came round last night for a second viewing, think they'll make an offer?"

    The only possible truthful answer to this is

    "actually they made one this morning but we're not telling you how much till they produce proof of funds"

    Of course the vendor is immediately going to ask how much we offered, and has a right to be told. Do agents just avoid their calls until offers are substantiated? I doubt that very much.

    Am I missing something here? Are they really saying "we advise the vendors not to respond to your offer until it has been substantiated"?
  • Dan-Dan
    Dan-Dan Posts: 5,278 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Have you shown them proof of deposit?
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • harrys_dad
    harrys_dad Posts: 1,997 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Just go round the house again and tell the vendor directly.
  • warehouse
    warehouse Posts: 3,362 Forumite
    I've been Money Tipped!
    harrys_dad wrote: »
    Just go round the house again and tell the vendor directly.

    This. Exactly this. Today would be good.
    Pants
  • Dan-Dan no way in hell am I showing my bank statement to a person who works on behalf of the vendor.

    We won't be putting our offer through the door as we don't want them to think we are desperate to buy as that in itself will prob push the price up. Also, if they are happy with what the agent is doing then we won't endear ourselves to them.
  • Dan-Dan
    Dan-Dan Posts: 5,278 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    HenBroon wrote: »
    Dan-Dan no way in hell am I showing my bank statement to a person who works on behalf of the vendor.

    I didnt say that , as mentioned previously by i think an actual broker on this thread , a glimpse of your deposit on a statement , suitably blanked elsewhere , should be enough
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Just do what Dan-Dan says or get your solicitor to email it through.

    HenBroon wrote: »
    Dan-Dan no way in hell am I showing my bank statement to a person who works on behalf of the vendor.

    We won't be putting our offer through the door as we don't want them to think we are desperate to buy as that in itself will prob push the price up. Also, if they are happy with what the agent is doing then we won't endear ourselves to them.

    Something needs to give, and buying the house is all about endearing yourselves to them. They're not going to trust someone who !!!!es them off at this early stage...
  • HenBroon wrote: »
    Also, if they are happy with what the agent is doing then we won't endear ourselves to them.
    I doubt they would be happy with the agent if they knew they were refusing to give them information about offers made on the house.
    The agent 'needing' you to get an AIP from a specific lender is absolute waffle and a totally unnecessary hoop to jump through. It all sounds like a way of pressuring you to use their broker by whatever means.
  • I bet this is one of the big corporates. Just be blunt with them. If you have the opportunity contact the vendor directly.Everything they do is long drawn out and complicated!
    We, very reluctantly are in the process of dealing with Bridgfords (Countrywide) who are notoriously slow and incompetent. Even worse our sellers are also using Countrywide solicitors 3 wks in and our solicitor hasn't heard from them. Avoid if at all possible.
  • ScorpiondeRooftrouser
    ScorpiondeRooftrouser Posts: 2,851 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 10 September 2015 at 3:12PM
    HenBroon wrote: »
    Dan-Dan no way in hell am I showing my bank statement to a person who works on behalf of the vendor.

    We won't be putting our offer through the door as we don't want them to think we are desperate to buy as that in itself will prob push the price up. Also, if they are happy with what the agent is doing then we won't endear ourselves to them.


    Then you are ignoring the obvious and best advice. They probably don't know what the agent is doing and will be happy to know that the agent is doing this. They won't think you are desperate to buy if you present it as "Your estate agent is impossible to deal through so I have bypassed him". Don't even make an offer, if you like - just go to the house and tell them what is happening and they are going to miss out on your offer unless they sort their EA out or deal with you directly.

    Go round to the house or jump through all the estate agent's hoops. Your choice. I know which one I would make and it would be done by now. Have you even tried telling the EA that you are going to go to the house? I would put money that that in itself will see him change his tune immediately - he knows what he is doing is illegal.

    I have done exactly this, by the way, and ended up with the offer passed through (I bought the house) and a pleading letter of apology from the EA basically asking me not to report him.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.