Is the Agent in cahoots with a buyer?

Bacon_Sandwich

If you need to sell your house to finance the onward purchase, and your house is not SSTC then you are not a 'proceedable' buyer, and not in a position to be making offers. It might take a year to find a buyer for your house, for all anyone knows. How is the vendor meant to take such an offer seriously?

AndyTails

Surrey_EA wrote: »

A trifle harsh!

An agent can tell when they've done a good job when both parties go away feeling hard done by.

Or alternatively when both parties go away feeling happy (surely?).

Surrey_EA

AndyTails wrote: »

Or alternatively when both parties go away feeling happy (surely?).

Ideally.

But almost always the buyer thinks they have paid too much and the seller feels they should have got more.

bigpappa

This is getting weirder.

So now the agent has contacted me and said the vendor will only accept my offer if I put down a £25k non refundable deposit and sell my home within 4 weeks. Also he mentioned he is willing to give the other person as long as they need to raise their finance - somehow over a week they still have not been able to arrange finance but say they are not in a chain.

tori.k

Could be that they are waiting on there mortgage offer, we were the lowest offer on our current property but in the best position as we were in rented and a house we were buying with the same EA had fallen through so they knew we were good to go.
From viewing to moving in took 5 weeks that at the time was worth more to the vendor then the extra money.

hazyjo

Walk.

No, on second thoughts, run.

Lots of sorts here recently re similar thing (not for that much!).

I wouldn't even put £500 down.

diggingdude

Say thanks but you will look at other properties. In the mean time your original offer (not the raised one) Stands until you find something else

zagubov

No way should you be agreeing to this.

Your original offer may stand but this £25k non-refundable deposit idea hasn't come from a rational brain and I'd be looking for my running shoes.

Thrugelmir

bigpappa wrote: »

This is getting weirder.

Sounds as if the vendor has been messed around before. Serious buyers only need apply.

How about reducing the price of your property to encourage a quick sale.

bigpappa

So whether this is true or not. The Estate Agent had the instructions for the home since October of last year but only decided to list in the last few weeks. I assume it's the vendors decision when the listing should start?

If it wasn't a nice house in a lovely area - they hardly come up especially a corner plot.