Offering very high to get your foot in the door?

cloo

Agents (if they are good ones) will be suspicious of offers that seem extra high, as may be experienced sellers... I remember my selling agents being suspicious of some. They may well ask, if they weren't going to already, for more proof of funds/income and will find out you are lacking.


As others have said, it would be unfair on others in a chain... are you happy for other people to possibly lose large sums of money and a much wanted home because you told a porky?

Dan-Dan

HouseBuyer77 wrote: »

A sensible vendor will realise a super high offer is likely to be above the bank's valuation anyway and could reject it on that basis.

and a decent estate agent will hopefully have done a bit of legwork qualifying such an offer (size of deposit etc) before it even gets to the valuation stage

societys_child

brazillondon wrote: »

Hello all,

I'd like some general advice on offering on a house. I've spoken to more than one source, who claim it's perfectly common, and encouraged to make a really high offer for a property - with the intention of then reducing the offer . . .

Who on earth are these people, have they actually ever bought a house?

This is a tactic does not sit well with me

Glad to hear it . Any sensible vendor would see straight through this plan and a competent agent would need to see proof of your funds before putting your offer forward..

duchy wrote: »

idiots playing games......

Think that concisely sums up the "sources" :T