Clarity On placing formal offers on buying a property

steve2000

The agent is acting in the interests of the vendor.
I suspected they may well know the vendor personally and are just waiting to see if someone will come along and offer more (which in this particular case i doubt).

Unless there is an incentive for the agent to withhold my offers you are right... Why would they do that?
Normally I would expect an agent to get the property off their books asap, to get the commission.

So I admit it seems strange. I have cleared up everything that i came here to ask.
But unless you can think of any reasons why they would do this, I can only draw a blank on it.

ellie27

steve2000 wrote: »

The only person entering the property is the agent. so that rules out a lot of options.

How do you know the only person who ever goes into the house is the agent? Have you been spying on it for hours at night? Honestly...... our house lay empty for 6 months but every 3 nights or so I was in checking things or taking post etc.

Pop a note through the door anyway.

martindow

If a relative with power of attorney is organising the sale they are required to act in the best interests of the person who is now requiring care. This means they must try to get the best price possible and not get rid of it quickly by accepting a low offer.

iantojones40

martindow wrote: »

If a relative with power of attorney is organising the sale they are required to act in the best interests of the person who is now requiring care. This means they must try to get the best price possible and not get rid of it quickly by accepting a low offer.

Not necessarily. As the property owner is apparently already in a nursing home, if they have no other assets to pay the fees then the person responsible for selling will need to achieve a reasonably quick sale whilst still trying to get a good price.