We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

What game is Estate Agent playing? What do you think?

24

Comments

  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Are you saying your 165k offer hasn't been accepted or rejected yet?

    If so , first thing to do is ring to confirm what's going on.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    ElsieMonkey wrote: »
    If by "people" you're referring to me, I never said that I think that.

    <looks at thread title>
    I can completely understand where both vendor and EA are coming from. My question was about understanding how, being on the receiving end, I should react.

    Ask the vendor. They are, quite literally, the only person who knows what they're thinking.
  • ElsieMonkey
    ElsieMonkey Posts: 268 Forumite
    DRP wrote: »
    Are you saying your 165k offer hasn't been accepted or rejected yet?

    If so , first thing to do is ring to confirm what's going on.

    Yes made the offer of 165k 9.30 am this morning, come midday property reduced to 170k online...but no response to our offer yet.
  • ElsieMonkey
    ElsieMonkey Posts: 268 Forumite
    AdrianC wrote: »
    <looks at thread title>



    Ask the vendor. They are, quite literally, the only person who knows what they're thinking.

    ....................Yep.:T
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ElsieMonkey wrote: »
    Yes made the offer of 165k 9.30 am this morning, come midday property reduced to 170k online...but no response to our offer yet.

    Gone fishing one might say. A couple of days before getting back to you is neither here nor there. However to the vendor it's worth £5k.
  • Hoploz
    Hoploz Posts: 3,888 Forumite
    How long ago did the EA action the change to 170 online? I would think what has happened is the seller is accepting they need to reduce, and said 170 is their ideal bottom line so try and get that. EA has reduced the price accordingly. Then you phoned with your offer and they either haven't managed to get the seller yet, or the seller needs to discuss with other members of the family etc, and the EA has yet to achieve a firm answer for you. Meanwhile the Internet has updated itself (some time after the figure was uploaded) and you think it's reacting to your latest offer, when in fact the new AP was agreed before you offered at 9.30.
  • Hoploz
    Hoploz Posts: 3,888 Forumite
    ... So give it till at least the end of the day, or even tomorrow morning. You will probably get your answer then and you can decide whether to up it to the 170 or not at that point.

    It doesn't sound as if there are buyers clamouring to offer, although there may be viewings by new buyers interested due to the price reduction in the next few days.
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well, the "game" is called "get the most money for your client as you can", and tends to involve one property, one vendor, their agent, and any number of others, known as buyers. There really aren't any rules, but the decision of the vendor is final.

    Effectively, the remarketing at the lower price means your offer has become a stalking horse for those who discounted the place at the old price, felt they couldn't afford it at the old price, or are new to the game since it was first marketed.
  • mrsmazza
    mrsmazza Posts: 145 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Ring the EA and ask him straight. Has the vendors accepted my offer or not.
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mrsmazza wrote: »
    Ring the EA and ask him straight. Has the vendors accepted my offer or not.

    Exactly.

    No need to evaluate scenarios and motives. Something has happened (seemingly) in response to your offer. Just call them.
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
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.
Update Your Picture