State agent asking more money

ifti12

BrassicWoman wrote: »

How about you don't DO anything because all you are doing is looking overly keen. Your poker face is rubbish!


If you want to DO something have a look at other houses so you can stop obsessing about this one?

:T No need to tell, that's what I am doing since last two years and will continue. I don't think it was helpful though.

G_M

ifti12 wrote: »

I have clearly told them that I am not increasing £325,000 and 48 hours been passed so do you think it will take couple of days to decide to go for which offer?

No one here knows


* if they are in a hurry or not
* if they have a minimum price or not
* if they are on holiday or not
* if they have busy lives and limited mutual time to discuss offers or not
* if they have received 1, 2 5, or 10 other offers.

* if they have had other 'possible interested viewers' who might or might not make offers tomorrow, or Monday, or next week, or after viewing another property next Thursday, or not

So how can we tell you when you will hear back? You'll hear back when you hear back.

ifti12

AnotherJoe wrote: »

I think its exceptionally unlikely its the EA playing games. There's no way they will jeopardize an easy sale for what is probably £50 extra commission by trying to increase your price by a few £k through a fictitious bid. I would bet 100-1 that it's the vendor behind this and that's whats happened is what the EA has said, a previous viewer has made an offer and theyve not said "no".

Make your decision in the light of that likely reality. I dont know what advantage you have, if you are a FTB then you have no chain and can move rapidly stress that and either put a higher offer forward or make it clear this is your last and final and you are now looking elsewhere so would appreciate a quick decision.

:T Very good and sold point Joe,

I am on rent in the UK since last 10 years so I hate (E)state agents by default and I thought vendors are very helpful here but never thought like this way.

I like responses which are helpful as yours as opposed to rubbish nonsense responses which are not helpful in any way.

Let me talk to Estate agent and find out the game.

ifti12

G_M wrote: »

No one here knows


* if they are in a hurry or not
* if they have a minimum price or not
* if they are on holiday or not
* if they have busy lives and limited mutual time to discuss offers or not
* if they have received 1, 2 5, or 10 other offers.

* if they have had other 'possible interested viewers' who might or might not make offers tomorrow, or Monday, or next week, or after viewing another property next Thursday, or not

So how can we tell you when you will hear back? You'll hear back when you hear back.

Make sense.

AnotherJoe

ifti12 wrote: »

I have clearly told them that I am not increasing £325,000 and 48 hours been passed so do you think it will take couple of days to decide to go for which offer?

No way to know. They may even be using your bid as a reason to encourage the other bidders to raise their bid and may decide to sit there for a while. Why not if you are underpinning all other bids.

I would give the EA a timetable, you decide what it is but Monday morning seems appropriate, and make it presumptive, eg "If i haven't heard by 10am Monday I'll (a) instruct my solicitor to stop work or (b) withdraw my offer" depending how hardball you want to play.

ifti12

AnotherJoe wrote: »

I think its exceptionally unlikely its the EA playing games. There's no way they will jeopardize an easy sale for what is probably £50 extra commission by trying to increase your price by a few £k through a fictitious bid. I would bet 100-1 that it's the vendor behind this and that's whats happened is what the EA has said, a previous viewer has made an offer and theyve not said "no".

Make your decision in the light of that likely reality. I dont know what advantage you have, if you are a FTB then you have no chain and can move rapidly stress that and either put a higher offer forward or make it clear this is your last and final and you are now looking elsewhere so would appreciate a quick decision.

YOU ARE THE WINNER OF THIS THREAD.

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I just phoned and ES and its actually the vendors who are playing this. They have accepted another offer of £330,000. I have added +3 to this number and I'll keep you updated with the score card.

I'll not regret if I won't be able to buy this house but atleast I have tried.

Thanks for your help.

G_M

ifti12 wrote: »

YOU ARE THE WINNER OF THIS THREAD.

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Please explain your grading system.


Whilst AnotherJoe always talks sense, how come he gets 96 :T and I get......:(

ifti12

AnotherJoe wrote: »

No way to know. They may even be using your bid as a reason to encourage the other bidders to raise their bid and may decide to sit there for a while. Why not if you are underpinning all other bids.

I would give the EA a timetable, you decide what it is but Monday morning seems appropriate, and make it presumptive, eg "If i haven't heard by 10am Monday I'll (a) instruct my solicitor to stop work or (b) withdraw my offer" depending how hardball you want to play.

I like this work 'underpinning ' and this is what exactly happened with my in the recent past that I liked one property very much and it was similar to this one, it was also on the market for more than a month I think. As soon as I bid they said its not enough you have to increase because its not accepted by the vendors and I thought to wait and its gone by 5-10 extra by other bidders in 24 hours. So I was 'underpinning' other bidders really.

So this time atleast I want to try. I don't think it does make huge difference if you willing to pay £325K + 8K more.

I have one question which I believed you guys has already answered but I want to ask again. Let's say they accept my offer and I instruct the bank and solicitors so I have to start paying for searches, some fee for bank I think. Now once the process started and I invested some money/time and I paid these fees the vendors can ask more money at anytime before contract exchange. There is no law in the UK to stop this practice and once price agreed and seller started the process/invested some money then they should legally must bound to that sell ?

I recently bought one house abroad and the whole process took believe me or not maximum one hour to process. I as a buyer and seller we both meet at the council kind of office and they have everything computerised. They took both buyers/sellers pictures signatures, I have paid them pay order with full amount with some deposit was already paid to reserve the property and they surrender their house file.

Also when I paid them the deposit it was agreed on the stamp papers that if the seller refuses to sell his property now he has to return the double the amount of the deposit to the buyer.

Am I talking about rocket science here and why can't we have similar to this in the UK?

ifti12

G_M wrote: »

Please explain your grading system.


Whilst AnotherJoe always talks sense, how come he gets 96 :T and I get......:(

No one has pointed out on this thread with confidence of 100-1 which is 100% that its vendor who is playing this. Everyone is looking to my questions and trying to answer them but I think Joe was looking in a broader sense and with my expereince as opposed to my questions.

Joe has answered to the questions I haven't asked whereas everyone is answering to my questions which were actually doesn't make sense to me now if its from the vendor.

Sorry Joe, are you HE OR SHE?

Thanks

AnotherJoe

G_M wrote: »

Please explain your grading system.


Whilst AnotherJoe always talks sense, how come he gets 96 :T and I get......:(

G_M just be thankful i wasnt drinking or you'd owe me a new keyboard.:D


EDIT; In the UK Joe =male, Jo = Female. Usually.... And in this case.