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Why won't the agent take no for an answer?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    FreeBear wrote: »
    A relative of mine sold her house three years ago to a "lovely couple that were desperate for a family home".... The buyers converted the place in to two flats and flipped the place for a tidy profit. Suffice to say, the relative was quite miffed about it. So never trust anything an estate agent tells you. If their lips are moving, they are probably lying.

    Unlikely that they would manage that now. Why didn`t your relative convert the house herself if that`s where the money was?
  • Albala
    Albala Posts: 310 Forumite
    100 Posts Second Anniversary Combo Breaker
    Nobody 'deserves' a house.

    Being told that by an EA, who won't know them from Adam anyway, as a reason to drop your price tens of thousands of pounds, that's just .....weird.
  • FreeBear
    FreeBear Posts: 18,306 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Crashy_Time wrote: »
    Why didn`t your relative convert the house herself if that`s where the money was?


    Very frail & elderly, and had wanted to see the house remain as a family home.
    Any language construct that forces such insanity in this case should be abandoned without regrets. –
    Erik Aronesty, 2014

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • steampowered
    steampowered Posts: 6,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Cuilean wrote: »
    Realistically, we need to achieve £240k to avoid a real-terms loss.

    Whether you are making a "loss" or not, is irrelevant.

    The price you paid for your house for does not have any impact on its value today.

    Nor should it affect your decision regarding whether to stay put or move. What you paid is a "sunk cost" and in the past.
  • sannytwist
    sannytwist Posts: 18 Forumite
    Personally l'd change EA or take it off the market. After dealing with a few EA's myself, l wouldn't listen to any advice from one when they have a vested interest themselves. Like you said, you are not in a situation in which you must move.
  • Flugelhorn
    Flugelhorn Posts: 7,451 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    "These buyers are lovely people who deserve it".

    A gem indeed - well they can look at prices they can afford then.
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sounds like the EA is desperate.
    In your position I’d get another EA in stressing you want to know a realistic price, then decide whether to switch EA or come off the market.
    You dont get to decide the market value but you can of course decide not to sell.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    FreeBear wrote: »
    Very frail & elderly, and had wanted to see the house remain as a family home.

    Ok, fair enough point of view I suppose.
  • spadoosh
    spadoosh Posts: 8,732 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    This should be pretty simple.

    Its not a case of it being valued the OP is saying i want £240k for that house. The estate agent at some point has said they think they can achieve that. Its the EA challenege to take on. If they dont think they can sell it for £240k, they can quite easily take it off their books and stop wasting their time selling it.

    Id remind them that they thought they could sell it for £240k and they should let you know if they think that is no longer the case so you can take it off the market.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    lisyloo wrote: »
    Sounds like the EA is desperate.
    In your position I’d get another EA in stressing you want to know a realistic price, then decide whether to switch EA or come off the market.
    You dont get to decide the market value but you can of course decide not to sell.

    And maybe see the value drop further?
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