Estate Agent Playing me?

Oxid8uk

Ok here is my advice....


If I was the seller and you came in with yet another offer below what I have told my agent I would entertain I wouldn't want to deal with you further. Even if you came back with another offer that I would be happy with I still wouldn't sell to you. The reason? I would see you as trouble - multiple low offers would make me think you would probably try and gazunder me just before exchange.

System

Thank you for that. I understand that but yet we need to get ourselves a bargain too. I wouldn't do that and risk losing the sale. When we've put offers on properties previously they've been snapped up but we were the ones that didn't want to proceed. I think 230k is a very fair offer to be honest, you'd think they'd want to sell now and get on with their lives.

See I'm worried the sale will collapse with them pulling out of the last sale for some 'personal reason' . And what if one refuses to sign the paperwork.

gettingtheresometime

Katetheplate wrote: »

Thank you for that. I understand that but yet we need to get ourselves a bargain too. I wouldn't do that and risk losing the sale. When we've put offers on properties previously they've been snapped up but we were the ones that didn't want to proceed. I think 230k is a very fair offer to be honest, you'd think they'd want to sell now and get on with their lives.

See I'm worried the sale will collapse with them pulling out of the last sale for some 'personal reason' . And what if one refuses to sign the paperwork.

No you don't need to get yourself a bargain - you need to agree a price with the sellers.

As Oxid8uk has stated I'd be concerned that you would try and pull a fast one so even if you offered the asking price I would be tempted not to sell to you.

The couple may be divorcing but theyre obviously in no rush to sell because if they were, they would have either have sold it at a reduced price before now or have bitten your hand off with your previous offers.....or they may even be waiting for you to up your offer again as you seem quite keen on this house as demonstrated by the numerous increases in offers made.

System

Thanks but I'm not playing any more games. We'll go up to 230k and not a penny over. Would you pay 5k more for a sale that was agreed at 230k?

System

Just so you know the estate agent has only put forward two of our offers. Not that many offers considering how other people submit offers.

Oxid8uk

Katetheplate wrote: »

Thank you for that. I understand that but yet we need to get ourselves a bargain too. I wouldn't do that and risk losing the sale. When we've put offers on properties previously they've been snapped up but we were the ones that didn't want to proceed. I think 230k is a very fair offer to be honest, you'd think they'd want to sell now and get on with their lives.

See I'm worried the sale will collapse with them pulling out of the last sale for some 'personal reason' . And what if one refuses to sign the paperwork.

That personal reason could be all manner of things - one of the vendors potentially being diagnosed with a serious illness and not wanting the stress of moving until they knew the outcome, a parent or child seriously ill that needed care, a job at risk etc. If it is a couple who is divorcing then yes there is that risk of one not signing the paperwork as they don't want to move (and that risk could be higher if they aren't overly happy with the offer that has been accepted).


Whilst I understand you want to get a bargain sometimes you do have to take the hit to get the house you want. If you are looking at staying in the place for a long time then paying a few extra thousand now may be worth it. For example, I am currently sat in a home I absolutely love but to get it we sold our previous house for £10k less than we could have got for it but we needed a quick sale to enable us to secure this house (a new build which the developer would not negotiate on). The £10k loss was worth it. Now I know we were in a very fortunate position to be able to take that hit but not everyone is. The vendors of the house you are wanting to buy may not be so fortunate and therefore need what they are asking for them to be able to move forward and 'get on with their lives'.


How do you know they accepted £230k previously?

System

My partner is adament that we don't pay a penny over 230k which I get and then again I don't think this property is worth over 230k given the sale prices of other similar properties in the area.

One of the estate agents at a different branch slipped up and told us the property was sold at 230k but a chain collapsed.

-taff

It doesn't matter what you offe, it matters what they will accept. They are not patiently waiting for you to offer them a price you want to offer, they are ignoring you until you offer them something they want.

They are not in a chain, they are in no rush..Increments of £1k at a time make you look like a time waster and as above, they probably think you'll try to offer less as soo as you can.

System

3.5k at a time increments is hardly time wasting. Like I say 230k is a fair final offer and we'll just look at other properties with serious sellers

babyblade41

Katetheplate wrote: »

My partner is adament that we don't pay a penny over 230k which I get and then again I don't think this property is worth over 230k given the sale prices of other similar properties in the area.

One of the estate agents at a different branch slipped up and told us the property was sold at 230k but a chain collapsed.

You have a partner?? and you let them have a say ??

wonders will never cease ...personally I couldn't sell to you just out of principle .

I found out after accepting an offer from a previous buyer had an attitude similar to yours ... I pulled the plug as it wasn't;t worth the hassle

I'd say next time when you want to submit an offer then you use a little more aplomb, it's someones home and you don't know the circumstances why they are selling so respect those wishes.

Just try tact
Next time , it may get you a little further