Fed up with estate agents - trying to buy a house

Niv

Agents like to get viewers in for the seller as it looks like they have a chance of selling the house. Footfall = interest (or that's what they will tell there clients)

hazyjo

Cakeguts wrote: »

The fact that no one offered more means that you paid what they were worth.

Exactly. But if someone (as suggested) looked at their budget and didn't at least try offering considerably less - especially when there was no other interest - they'd have bought my current house for aorund £300k, not £274k as I got it for.


Jx

stator

Estate agents don't like wasting their time either, so I would say you were unlucky. They probably thought they could push your offer but misjudged their seller.

FBaby

All the estate agent care for is to make a quick sale. That means showing properties to viewers who are likely to be interested. In your case, if you've looked at many properties without success, they might have concluded that if you found your perfect home, you would be prepared to up the price, especially if you had accepted an offer previously on a similar home.

They know the circumstances of the sellers and maybe concluded with persuasion that they would be prepared to lower the price for a quick sale.

As it is, seller is prepared to take the chance to get an higher offer which if the property has come on the market might not be unreasonable. Maybe it will pay off for them, maybe it won't.

Guest101

startingout2016 wrote: »

Viewed plenty of propertiesmost of which unsuitable

Saw one that came up, just £10k over our budget.
Explained to the agent we didn't want to waste anyone's time viewing properties we couldn't afford and made it clear what our budget was .

They came back to us to say the house would be well worth us viewing and could be perfect for us.

We view it, like it, go for second viewing.
Our offer in of £310k (what our AIP covers)

Offer is rejected saying that vendor wants £325 which is asking price.

We leave it over the weekend and increase our offer to £315k after reviewing finances and a bit of help from family.

The house has been rented for last 5 years and needs fully stripping out, new bathroom, kitchen, repointing etc. so this seems fair to us.

Not that zoopla valuations matters but it thinks the house is worth £316k.

So this morning we receive an email from the agents saying that the vendors won't take £315 and want £325 and we must be disappointed but we can obviously increase our offer if we want.

This is starting to make me angry.
They know our budget, we had offer accepted on similar house a few months ago for £310 that unfortunately fell through.

Are they just trying it on?
Do we forget about it?

The vendor apparently doesn't want the house being empty over Xmas (it's currently vacant) but happy to hold out for another £10k which we just can't stretch to.

I feel like the agent is wasting our time now

Sorry how are they wasting your time?


You managed to up your budget from 310 to 315 seemingly overnight, what's to say you couldn't up it to 325.


Equally the agent cant know what offer the vendor will accept, it's marketed at 320, so really not unreasonable to think they would accept 300+