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How to tell if you're being played by EA
Comments
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Well when it goes to the other bidder because you were busy over analysing things you can give yourself a pat on the back for not overpaying ?Never, under any circumstances, take a sleeping pill and a laxative on the same night.0
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We can afford it, but I think you're missing the point as the question is not whether or not we can afford it or whether it's worth what we've offered, but how to ascertain whether there is actually another offer on the table or if we're unnecessarily bumping up the price.
Does it matter if there's another offer or not?
The only important question is whether the vendor has accepted your offer. They haven't. WHY they haven't accepted it is another question, and one that you really don't know or need to know the answer to.
I'll ask again - do you seriously think the EA are going to go to these lengths to make another £75...? The EA do not accept offers. The vendor does.0 -
You really are over thinking this.
If the offer you've made already is over what you think it's worth walkaway and search for another property.0 -
Helpful response, thanks.
We offered what we thought it was worth, and now we've offered 5K more than we think it's worth, simply because the house ticks all of our boxes, but there's possibly (or possibly not) another offer on the table. How is that me game playing?
So walk away then. The EA is acting on instruction from the vendor. Whether it's "other offers" plural or singular is irrelevant.
The number of threads that pop up with folk outraged at having an offer rejected never ceases to amaze me. The EA would rather get the sale than risk losing it for the sake of a couple of hundred quid in commission. Wake up.0 -
I guess it depends what you mean by "what it's worth". Market value - 280K +/- 10K. What it's worth to us? Are you asking my inner Yorkshireman or my Mrs?
The market value is the price which a buyer is willing to pay, and which the seller is willing to accept. No more, no less.
If you've voluntarily offered to pay £285k, then you clearly think it's worth £285k.0 -
You really are over thinking this.
If the offer you've made already is over what you think it's worth walkaway and search for another property.
We've been on the property hunt for 6 months. We're one of those buyers... :rotfl:
Actually, we've been really unlucky. First accepted offer turned out to have subsidence, second one had sulphate attack, third one rejected our offer stating that they had better offers on the table, and 4 months later it's still for sale, they've changed Estate Agent, and they've dropped their asking price to what our original offer was, so I think that last example is where my paranoia stems from...0 -
We've been on the property hunt for 6 months. We're one of those buyers... :rotfl:
So it would appear...third one rejected our offer stating that they had better offers on the table, and 4 months later it's still for sale, they've changed Estate Agent, and they've dropped it to what our original offer was, so I think that last example is where my paranoia stems from...
And is that offer still on the table? Or do you prefer this property, even at the price that's more than you are apparently willing to pay?0 -
So it would appear...
And is that offer still on the table? Or do you prefer this property, even at the price that's more than you are apparently willing to pay?
Their old Estate Agent called us asking if we were still interested which is weird as they'd removed it from the market, but at that time we were desperately trying to find a home as we had a buyer for our property so we'd already made the decision to rent and we'd just signed a 6 month contract, so we decided we would take a step back and reassess. We do prefer this property, perhaps it is worth more than we've offered, apparently somebody else thinks so, maybe
who knows :mad: 0 -
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