HELP! Estate agent won't pass on our offer!

MissMotivation

Wig wrote: »

But it's not upto you, it's upto your client to make the decision, you have to pass on the offer to your client and let them decide. (subject to the one exception mentioned above).

I didn't say i wouldn't speak to the Vendor about the offer but my advice to the Vendor would be to stick with current offer, why would they want to risk losing current purchaser just because someone, who hasn't even viewed the property, now wants to offer?

It's also not such a rare thing for a vendor to state that they wish the property to come off the market, it's a question I always ask! If the Vendor has been offered a good price, the current buyer is in a good position and more importantly if that buyer has made a financial committment to the property there is no need to market it to other purchasers.

The only thing I would do in this case is make a note of the name and telephone number and call them if the sale fell through

coal9011

MissMotivation: :rolleyes:

" purchasers already registered with them " ......... Yeah, local property developers who snap everything up at below true market value with a few grand "bung" for the estate agent.

Nice work if you can get it thankyou! :mad:

Skint_Catt

Vendors can instruct EA's not to inform them of offers if they are not up to a certain level - your's might not have been enough for the vendor.

KiKi

Unless I've missed something here...

I understood that if I put my house on the market, and I accept an offer, then the house is effectively off the market. The sale might not have gone through, but I have accepted an offer, subject to contract. I would consider it very wrong to then have another offer through, decide I prefer the new offer, and withdraw from the current offer and go with the new person. That's gazumping!

So if they had had an offer already on this property, and it had been accepted, I wouldn't expect the EA to pass on a new offer because the place is effectively off the market.

All I'd expect them to do is perhaps take a note of your name and number and call you if it falls through.

Wig

Skint_Catt wrote: »

Vendors can instruct EA's not to inform them of offers if they are not up to a certain level - your's might not have been enough for the vendor.

He's offering the ASKING PRICE.

Wig

MissMotivation wrote: »

It's also not such a rare thing for a vendor to state that they wish the property to come off the market, it's a question I always ask! If the Vendor has been offered a good price, the current buyer is in a good position and more importantly if that buyer has made a financial committment to the property there is no need to market it to other purchasers.

"Removed from market" sounds to me like a very ambiguous term. To me it means the property is SSTC and not to be actively marketed, but that does not mean (to me) that any future offers should not be passed on to the vendor.

"No need to market it" I agree, but you should always pass on an offer (IMO) unless the vendor has specifically requested that "no more offers should be passed on to me" which I still think would be a rare thing.

Plus don't forget we are here talking about a plot not a house, so the OP most likely has viewed the plot just as much as the current buyer has viewed it.

Wig

KiKi wrote: »

Unless I've missed something here...

You see what I mean about it being an ambiguous term

I understood that

Again more evidence of being ambiguos

if I put my house on the market, and I accept an offer, then the house is effectively off the market. The sale might not have gone through, but I have accepted an offer, subject to contract. I would consider it very wrong to then have another offer through, decide I prefer the new offer, and withdraw from the current offer and go with the new person. That's gazumping!

You can think what you like about it, but at the end of the day you are free to change your mind, just as the buyer is free (and frequently does) to change their mind. If you feel bad about it, you can offer to pay any costs incurred by the first buyer.

Badger_Lady

Wig wrote:

He's offering the ASKING PRICE.

And what if the previous offer was £30k over the asking price?

KiKi

Wig wrote: »

You can think what you like about it, but at the end of the day you are free to change your mind, just as the buyer is free (and frequently does) to change their mind. If you feel bad about it, you can offer to pay any costs incurred by the first buyer.

I am aware that a buyer or vendor can change their minds - I've been in that position and done it!

That wasn't the point of my post; my point was about the OP's issue - that the EA hasn't passed on the offer. My point was that if the property is considered 'sold' as an offer has been accepted, then an EA is not required to pass the offer on to the vendor.

Wig

KiKi wrote: »

My point was that if the property is considered 'sold' as an offer has been accepted, then an EA is not required to pass the offer on to the vendor.

I think you'll find they are required to. And just because it is SSTC is not a valid reason for not passing on an offer. That is what we are discussing here.

I want to get to the bottom of this because as I have highlighted above it seems there is some ambiguity on what "removed from market" means.