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

kinger101

Caz3121 wrote: »

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

In which case, you'd reject the offer, surely. Rather than making a fool out of the EA, buyer and yourself.

ognum

kinger101 wrote: »

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.

I think the OP is suggesting he is such a strong buyer it should be remov d from all websites not marked SSTVPC or Under Offer, that is what most posters are disagreeing with I believe

kinger101

ognum wrote: »

I think the OP is suggesting he is such a strong buyer it should be remov d from all websites not marked SSTVPC or Under Offer, that is what most posters are disagreeing with I believe

Personally, "under offer" isn't acceptable to me, as some people interpret this as the vendor hasn't quite accepted the offer and is open to more. But you're right, no one is that strong a buyer until contracts are exchanged, and SSTC is an accurate description up until this point.

I think OP is being paranoid about the EA soliciting more offers. They don't get paid until it's sold and have no desire of going back to square one.

Jhoney_2

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.So why the panic?

I am committed to the purchase and can all but guarantee no problems from my end. Ditto the vendor i'm sure - usually.

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. Just as you can be tempted by other properties, no?

I am the one spending money to buy the property. The vendor pays money to their solicitor for replying to your solicitor/conveyancer's enquiries about the property - which you may legally still walk away from without penalty!

The vendor can drag his feet without spending a penny. Does the property have no bathroom facilities?:) - see above.

I just want some sort of guarantee or good will gesture for me to spend money on Surveying, lawyer fees, etc. What have you provided as a good will guesture. Where is their guarantee???

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?

With regards to your last question, should either of you assume that to be the case, one of you will potentially be very disappointed. You don't appear to be familiar with the process so hope you take advice or purchase a book to help you through.

Good luck.

Thrugelmir

kinger101 wrote: »

Personally, "under offer" isn't acceptable to me, as some people interpret this as the vendor hasn't quite accepted the offer and is open to more. But you're right, no one is that strong a buyer until contracts are exchanged, and SSTC is an accurate description up until this point.

An offer is just that an offer. As far removed from SSTC as one can get.

TBagpuss

You can ask. But I would be fiarly surprised if the seller and agents agreed. Marking the property SSTC is accurate and will put off most others potential buyers.

Agents like to have SSTC properties showing in listings.

Neither you nor the seller is committed until contracts have been exchanges and sehlling out forthe searches and survey is the risk you take whn buying a house

melstar11

As a seller I wouldn't consider a buyer committed until they had spent money on a survey and had the actual mortgage offer. Then they instruct solicitors. They could still pull out at any point up to completion, although it is less likely once contracts have been exchanged. That's the risk you take.

As a buyer it gives some comfort once you've had the survey report back, got the mortgage offer and instructed solicitors that the EA mark the property as Sold STC online and usually don't allow further viewings. However you're no further forward until you get the contract from the vendors and they can back out at any point, etc, etc.

It's the actions of the parties which show commitment to the process. You can always ask for confirmation that no further viewings will take place without you being notified. If you are particularly paranoid and don't feel the other side are making the right noises, get a friend to ring the EA and make enquiries and see what he or she is told.

elverson

That's what our seller and their EA said - once our mortgage survey is instructed they would change the listing to 'Sold STC' on Rightmove.

cashbackproblems

I have been looking in London and seen many properties come back on the market 1/2 months after going "sold stc". I think its reasonable to ask them to change the status and It would be the condition of my offer

Okrib

No way I would agree to remove a flat from the internet if the offer isn't at guide price. What if the buyer pulls out?


No way I would suggest to a client to remove a flat from the internet unless the circumstances are exceptional.


You never truly have exclusivity unless you organise a lock out through solicitors, and there is a large cost for this, and the time this takes can be longer than it would take to get to exchange.


If a period of no viewings is agreed, then offers can still come in from parties who have seen the property before, and the agent would be obliged to put them forward.


Mystery shopping is a good idea if you don't trust the agent. If your offer is accepted, then get a friend to phone up and try to book in a viewing.


An agent is unlikely to risk a sale if it is agreed. Their interest is in keeping the deal together.