Are we been played?

amateur_house

Although £1k doesn't seem much in comparison to £220k, £1000 will actually pay for a lot in terms of surveyor and solicitors fees. I had an offer for a property declined recently as it was £2.5k under what the vendor would accept. 3 weeks later the estate agent emailed and said the vendor was now willing to accept £1.5k more than I had offered. £1k makes all the difference

Marvel1

Linton wrote: »

It seems perverse to not buy the house you loved just for £1K out of £220K. As a vendor I would be tempted to reject someone wanting to haggle over £1K - it would suggest to me that they werent really serious.

The vendor could have just accepted the £1000 less than they wanted, works both ways.

csgohan4

call using a different number and 'enquire' if it is still up for sale??

Marvel1

amateur_house wrote: »

Although £1k doesn't seem much in comparison to £220k, £1000 will actually pay for a lot in terms of surveyor and solicitors fees. I had an offer for a property declined recently as it was £2.5k under what the vendor would accept. 3 weeks later the estate agent emailed and said the vendor was now willing to accept £1.5k more than I had offered. £1k makes all the difference

It does make me wonder considering this site is moneysaving.

Ths house, EA said the vendor would only go £2K under, I said the max I can do is £3K under but I can push to £2.5K under (not true) and it worked.

AnotherJoe

cjdavies wrote: »

The vendor could have just accepted the £1000 less than they wanted, works both ways.

Not sure about that , seems like an asymmetrical "bet" to me, because the vendor will likely eventually sell, or has a chance at selling at that price if higher, or if not just loses a £k or so.

The buyer,meanwhile has lost out on living in an house they love for many years.

teddysmum

it looks to me as though the vendors sold for nearer to £230000. The EA would say anything just to get a bid instead of having you walk away; just in case the vendor decided to accept for a faster sale.


Nothing is sold until the documents are signed, so with just a price accepted ,it makes sense to leave a house on sale until legally bound for sale.


Some EAs are very lax about updating, once they reach their aim (ie a sale). The ones who sold next door to us didn't even bother collecting the sign, which the buyer eventually threw in his skip. (It was damaged by wind and threatened to blow about and damage other properties.)

paddyrg

nic_c wrote: »

... We pulled out and strangely the other buyer wasn't there. It eventually got bought by a developer for 40% below the asking price (who sold it again after refitting for double the price he paid)

A sizeable number of estate agents have family in development - so any tactics that enable a developer to buy cheap aren't always fully altruistic...

supa34

Since the banking crisis, people have forgotten how dishonest estate agents are. Bankers are the new estate agents. Sometimes its better to do a final house viewing and try talking to the seller in private. If they were just honest as say seller wants x amount or seller said no. None of the we have another party interested and if you increase it to x then its your ls etc. You would know where you stand. If you think it's not worth 230, don't bid 230 for it and let agents know not to call you or bother you unless 219 is accepted. That way they can't play mind games with you.

sparky130a

amateur_house wrote: »

Although £1k doesn't seem much in comparison to £220k, £1000 will actually pay for a lot in terms of surveyor and solicitors fees. I had an offer for a property declined recently as it was £2.5k under what the vendor would accept. 3 weeks later the estate agent emailed and said the vendor was now willing to accept £1.5k more than I had offered. £1k makes all the difference

Yes it can. But it depends.

Is it to save money or through necessity.

If the latter i'd say someone is over stretching themselves.

LoopyLoops

We didn't want our house to go to Sold STC on Rightmove until the buyer had given their solicitor details and started to sort the survey. This was because a previous person that offered had messed us around with changing their mind. Their right of course, but annoying when the house is taken of the market then has to go back on.