Should we go straight in 25k over asking price?

Monsternextdoor

nicknameless said:

Monsternextdoor said:

Whilst you think of me as an unethical gazunderer, The EA, Client and solicitors all have agreed that what we have done is fair and right.

ROFL - over and out.

   

SadieO

lhg91 said:

It is currently up at £195,000. We viewed it and put an offer in at full asking there and then with the estate agent. He said that he will put the offer forward, but it is unlikely to be accepted as they have a lot of viewings lined up, and he knows it will exceed the asking price.

I know this is hopelessly naive of me but indulge me: imagine if sellers were obliged to accept an asking-price offer! I mean, imagine buying a car or even just going to the till at any shop with the exact amount of money and them saying "sorry, we're not going to accept that. I know that is what it says on the price tag but really we want an undisclosed amount more, you just have to keep offering more money until we say yes"! Or, houses should be listed eBay style with an auction price (which is effectively what happens now, really, so why not just admit that) and/or a "buy it now" price

lhg91

SadieO said:

lhg91 said:

It is currently up at £195,000. We viewed it and put an offer in at full asking there and then with the estate agent. He said that he will put the offer forward, but it is unlikely to be accepted as they have a lot of viewings lined up, and he knows it will exceed the asking price.

I know this is hopelessly naive of me but indulge me: imagine if sellers were obliged to accept an asking-price offer! I mean, imagine buying a car or even just going to the till at any shop with the exact amount of money and them saying "sorry, we're not going to accept that. I know that is what it says on the price tag but really we want an undisclosed amount more, you just have to keep offering more money until we say yes"! Or, houses should be listed eBay style with an auction price (which is effectively what happens now, really, so why not just admit that) and/or a "buy it now" price

If only!! It is pretty much like a blind auction when it goes to best and final offer! There are apparently lots of other offers, we wont tell you whether they are higher or lower than yours, but just give us as much money as you can and hope you get the house 🙄

BikingBud

nicknameless said:

Monsternextdoor said:

Whilst you think of me as an unethical gazunderer, The EA, Client and solicitors all have agreed that what we have done is fair and right.

ROFL - over and out.

Absolutely fair and above board. Why throw your money away?

Just because some seem to do it with glee and brag about it readily should not deter you from being proud for getting the best deal you can.

Human nature is beyond comprehension sometimes.

nicknameless

BikingBud said:

Human nature is beyond comprehension sometimes.

I agree with you there.

MysteryMe

lhg91 said:

SadieO said:

lhg91 said:

It is currently up at £195,000. We viewed it and put an offer in at full asking there and then with the estate agent. He said that he will put the offer forward, but it is unlikely to be accepted as they have a lot of viewings lined up, and he knows it will exceed the asking price.

I know this is hopelessly naive of me but indulge me: imagine if sellers were obliged to accept an asking-price offer! I mean, imagine buying a car or even just going to the till at any shop with the exact amount of money and them saying "sorry, we're not going to accept that. I know that is what it says on the price tag but really we want an undisclosed amount more, you just have to keep offering more money until we say yes"! Or, houses should be listed eBay style with an auction price (which is effectively what happens now, really, so why not just admit that) and/or a "buy it now" price

If only!! It is pretty much like a blind auction when it goes to best and final offer! There are apparently lots of other offers, we wont tell you whether they are higher or lower than yours, but just give us as much money as you can and hope you get the house 🙄

No, you are always in control of what you offer. It's not a case of giving the vendor as much as you can, it's a case of you offering what you are comfortable offering. It may not be any increase in offer at all if you feel asking price is the max you wish to pay.

Gavin83

BikingBud said:

nicknameless said:

Monsternextdoor said:

Whilst you think of me as an unethical gazunderer, The EA, Client and solicitors all have agreed that what we have done is fair and right.

ROFL - over and out.

Absolutely fair and above board. Why throw your money away?

Just because some seem to do it with glee and brag about it readily should not deter you from being proud for getting the best deal you can.

Human nature is beyond comprehension sometimes.

It seems really a really underhand and frankly dirty tactic to offer a price and then later go back on it. If I house is up for say £250k and you choose to offer £270k you shouldn’t be at all surprised when the surveyor values it at £250k. That was after all the original asking price!

Personally if someone did that to me I’d stop the sale and re-list the property. It is ultimately the vendors choice though.

MysteryMe

If people don't want to throw their money about don't offer over asking price in the first place. 

Submitting bids which the buyer has no intention of honouring from the outset just screams of a person happy to be sly and underhand. Those sort of people are definitely not what this forum is here to encourage. 

As for the person concerned apparently being praised by all and sundry for their behaviour, those offering the praise most probably didn't want to offend them by saying what they really thought. They will just get their money and think to themselves off you go, don't have to deal with you again. 

BikingBud

Gavin83 said:

BikingBud said:

nicknameless said:

Monsternextdoor said:

Whilst you think of me as an unethical gazunderer, The EA, Client and solicitors all have agreed that what we have done is fair and right.

ROFL - over and out.

Absolutely fair and above board. Why throw your money away?

Just because some seem to do it with glee and brag about it readily should not deter you from being proud for getting the best deal you can.

Human nature is beyond comprehension sometimes.

It seems really a really underhand and frankly dirty tactic to offer a price and then later go back on it. If I house is up for say £250k and you choose to offer £270k you shouldn’t be at all surprised when the surveyor values it at £250k. That was after all the original asking price!

Personally if someone did that to me I’d stop the sale and re-list the property. It is ultimately the vendors choice though.

Why?

You make an offer on the perceived value at the time of viewing.

You tend to do that prior to getting a survey.

As you are not competent you seek a professional to survey the property.

If the professional advice tells you there are a raft of issues that as a lay person you were unaware of and had not accommodated within your bid then it is absolutely logical to seek to pay an adjusted price.

Now if the survey and valuation was completed once, by the vendor, and was deemed suitable for all potential buyers then you may have an argument but as EAs and vendors seem to be very adept at kite flying they should not be upset when some reality is brought back into the process.

The whole system is skewed and people play the games from both ends, underhandedness and dirty tactics abound. 

Crashy_Time

BikingBud said:

nicknameless said:

Monsternextdoor said:

Whilst you think of me as an unethical gazunderer, The EA, Client and solicitors all have agreed that what we have done is fair and right.

ROFL - over and out.

Absolutely fair and above board. Why throw your money away?

Just because some seem to do it with glee and brag about it readily should not deter you from being proud for getting the best deal you can.

Human nature is beyond comprehension sometimes.

End of SDH has had quite a dramatic effect, I don`t think people should be in a hurry to over-bid in this climate.