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Dodgy estate agents?
Bethj93
Posts: 1 Newbie
Hi guys, my partner and I are first time buyers. We viewed a property in the summer with a guide price of 150k. We offered 130k & were told another offer had been accepted of full asking price.
However out of interest & scrollling through Rightmove we can see that the house in question actually sold for 115k which is obviously not asking price and 15k lower than what we offered.
However out of interest & scrollling through Rightmove we can see that the house in question actually sold for 115k which is obviously not asking price and 15k lower than what we offered.
Obviously there is nothing we can do about this but just wondering if this is usual behaviour from estate agents? Seems as though the sellers have been ripped off 15k from our offer alone? It’s made us very wary on wanting to view any houses on the market with them as they have blatantly lied.
This may be common in the industry but like I said any advice/thoughts would be much appreciated! Thank you
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Comments
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How sure are you that they lied? Do you know why it sold at that price? What is the time difference from when you offered to the actual completion date?There are many many reasons for the final value being lower. Maybe the seller got into a chain or needed a quick sale by the point, issues may have occurred (survey, down valuation, etc) so they took the financial loss. Maybe the house wasn’t currently sellable for a mortgage due to an issue so they needed a cash buyer?You may never know and is there any point now? You could always ring the estate agent up and ask them? No idea if they are allowed to tell you. If you really believe the estate agent lied then don’t deal with them again.1
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It's possible that the survey threw up some serious issues which resulted in a lower offer - might have been a lucky escape!
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Also and estate agent is just that, an agent. All decisions are ultimately made by the vendor, the agent is just the messenger, so your post title is quite unfair. Yes, I used to be an agent.
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It isn't uncommon for the final selling price to be below an offer price. As said above people have surveys then may need to re÷negotiate the offer due to issues which show up.0
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