Buyer incentive - must see EA broker

MK__2

I hate these tactics! I wish they would change the ombudsman code of conduct to stop this. the rules apply to offers but not to viewings.

Could this work?...Place an initial offer on the property (you can always withdraw it if you dont like it), and make that offer conditional of you being able to view the property.
The EA has to by law submit the offer to the vendor (unless the vendor has specifically instructed them in writing not to accept offers below a certain amount), and by law, the EA can't withhold an offer from the vendor subject to you taking up their other services.

If nothing else it might flag up to the vendor that their EA is playing silly and potentially missing out on good buyers just because they are trying to line their pockets.

dreyfuss

So I phoned up as not heard anything and they said they'd spoken to the vendor and viewing would be ok. I said that our finances were sorted so wouldn't need to see their mortgage advisor thankyou. To which he said that the vendor would prefer us to be "qualified" but as it's just a viewing it would be okay. If we went on to put in offer we would have to "qualify"

Seen about dozen houses but this is the first time for all this rigmarole....

AdrianC

dreyfuss wrote: »

but I'm a bit annoyed that we can't keep our affordability cards closer to our chest. If I want to make a reduced offer for example.

Whether you CAN afford to pay more for a property or not doesn't mean you WANT TO pay more for a property.

When you're asked if that's your final offer, simply say yes. Don't lie about it being all you can afford. And don't EVER be pressurised into paying more than you're willing to for a place, whatever blather you're given...

note3

I dealt with this by saying that although we could go up to XXX amount it was entirely dependant on how many boxes it ticked and what work we felt needed doing.