What questions to ask Estate Agent about viewers?

Newnoel

Okey00001 said:

How can I ask the Estate Agent if the person viewing the house is seriously looking to buy and what their status is?

(Are they selling their own property, first time buyers, etc).

Estate agent has been vague about viewers and when the prospective buyer viewed the property, I was informed afterwards that they weren't ready to buy yet/just looking/didnt like the area!  What was the point of them being there?!

**Maybe I am wrong and would be grateful for advise  about what to ask the agent about a viewer's status - (will I offend them by asking this question or do I have a right to ask them?)**

I've purchased a few times, and only ever sold twice. The other properties I have kept as BTL investments.

As a vendor, I've asked the EA to prioritise investors and "motivated" buyers, such as people who need to be in by a certain date for schools admission, etc.

The only type of buyer I dont entertain are FTBs. They really want the moon on a stick and have no idea how the process works. Life is too short to engage with them. 

Okey00001

TheJP said:

Very odd, I would have thought that it was logical that experienced buyers pay less for things than unexperienced buyers. However, I guess we will never know.

Not at all what i said. Experienced buyers will know what things in a survey will need negotiating on rather than the whole report. This forum has had a lot of FTBs asking how they can get £15-30k reductions based on what a surveyor thinks it will cost when the regality of it all is that the costs are no where near that figure. 

Anyone wanting to reduce it £15-£30K must be thinking of profiteering for themselves instead of seriously buying a house. For such a huge reduction the buyers most likely want to spend on lavish bathroom and kitchen and landscape gardens.

They should look for property within their budget instead of ridiculous knockdown prices because of surveys.  Building Surveys can find anything and everything "wrong" with a house if not built in the last 2 years.

TheJP

Okey00001 said:

TheJP said:

Very odd, I would have thought that it was logical that experienced buyers pay less for things than unexperienced buyers. However, I guess we will never know.

Not at all what i said. Experienced buyers will know what things in a survey will need negotiating on rather than the whole report. This forum has had a lot of FTBs asking how they can get £15-30k reductions based on what a surveyor thinks it will cost when the regality of it all is that the costs are no where near that figure. 

Anyone wanting to reduce it £15-£30K must be thinking of profiteering for themselves instead of seriously buying a house. For such a huge reduction the buyers most likely want to spend on lavish bathroom and kitchen and landscape gardens.

They should look for property within their budget instead of ridiculous knockdown prices because of surveys.  Building Surveys can find anything and everything "wrong" with a house if not built in the last 2 years.

This specific post was for a new roof, i think after they had a builder quote it was around £7k. Im not sure if they then proceeded/able to negotiate. 

I agree and that was the point i made in my first reference around experienced buyers vs FTBs.

Okey00001

Thanks all for your point of views and advice, I found it very helpful.