Asking for the property listing to be completely taken down as a condition to offer?

gardner1

"I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc."

pay a deposit

ognum

Frukoz wrote: »

So I have very good finances which I have made clear, and a low offer in, which I think is fair considering my finances and lack of chain. I am committed to the purchase and can all but guarantee no problems from my end.

However I don't trust estate agents one bit and understand that other offers may come in higher than mine, but less secure. Vendor can still be tempted by these kinds of offers.

I am the one spending money to buy the property. The vendor can drag his feet without spending a penny. I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc.

Anyway thanks for replies so far - insightful.

Oh also, when does "Under Offer" apply to a listing, and when does "Sold STC" apply?

I take it if they accept my offer, then it's considered sold - right?

All you bluff and bluster about being a good candidate means nothing, everyone says that. I have bought many properties as a cash buyer and had no privilege attached, that's the nature of buying in a good location in an active market.

Your real worry seems to be that your offer is low and you know it's low! Of course with a low offer someone may come in with a better one, you can have the bonus of a bargain as well as the joy of confidence through the sale process, they don't go hand in hand.

Of course you are the one spending the money, so is everyone else who buys a house. You are subject to the same process as everyone else, it's flawed!

Just because the listing is removed doesn't stop someone who has already seen the house and is now proceedable gazumping you.

Like the rest of us when buying you have to risk your hard earned money and hold on tight, get the purchase progressed quickly.

marksoton

Frukoz wrote: »

So I have very good finances which I have made clear, and a low offer in, which I think is fair considering my finances and lack of chain. I am committed to the purchase and can all but guarantee no problems from my end. How are they supposed to know that? You equate good finances to offering low?!

However I don't trust estate agents one bit and understand that other offers may come in higher than mine, but less secure. Vendor can still be tempted by these kinds of offers.Yep, that's the way it works..

I am the one spending money to buy the property. The vendor can drag his feet without spending a penny. I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc. You won't get one....

Anyway thanks for replies so far - insightful.

Oh also, when does "Under Offer" apply to a listing, and when does "Sold STC" apply? Essentially the same thing....

I take it if they accept my offer, then it's considered sold - right? Wrong. Until completion it's nothing of the sort...

Some reading up on the house buying process would seem wise....

cajef

Frukoz wrote: »

I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc.

No chance, until contracts are exchanged the vendor can pull out at any time and any money you have spent will be lost.

Davesnave

Frukoz wrote: »

I don't trust estate agents one bit and understand that other offers may come in higher than mine, but less secure. Vendor can still be tempted by these kinds of offers.

I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc.

Other offers might come in and be equally or more secure than yours too. If they do, the agent is obliged by law to pass them to the vendor, who may, or may not, be tempted.

There are no guarantees. As someone who lost 3 buyers during the Crash of 2008, I know what expensive really means in the context of a failed sale.

Buying and selling houses can be a rough old game. If you want to play, you'll have to accept the imperfect rules and the psychological pressure....or carry on renting. That's not so great either!

matchboxfull

There's no such thing as a 'less secure: buyer. One can either buy or not. It's a binary.

Marvel1

Frukoz wrote: »

So I have very good finances which I have made clear, and a low offer in, which I think is fair considering my finances

This does not make sense to me, and suggests you are more worried about a higher offer as yours is low.

Cheeky_Monkey

FTBs and their expectations/demands :rotfl:

Caz3121

Personally if I was a seller and confident that the asking price was feasible and was not desperate for a quick sale, I would not withdraw it from market for a "low offer" Full asking price only

kinger101

I understand what many are saying here who have had buyers pull out, but personally, I'd not appoint a solicitor or book a survey until the property went SSTC. That's enough to put most other buyers off, and remove it from the default search options on Rightmove etc. Last two offers I had accepted DIP and proof of deposit was sufficient. It's easy enough for the EA to stick it back on the market if a solicitor has not been appointed within say a week.

I don't think agents tend to actively market SSTC properties looking for higher offers. It just delays their commission for what? £20?

Personally, I'd never make an offer on somewhere marked SSTC either. If they do accept, they've already shown they'd be prepared to shaft me if another one comes in.