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Offering after closing?

135

Comments

  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ripple34 said:
    I will add, though, that the agent refused to pass my increased offer to the vendor. Was very dismissive of me, in fact, and made me feel a real pest.
    I was going to increase by £8,500 so that's too bad for their client. 
    How do you know the agent refused to pass your increased offer to the vendor? They are obliged to pass on all offers unless vendor has instructed them not to pass on 'below £xxx' for example

    You say you were 'going to increase by £8500'. So did you actually make an increased offer or not?
  • ripple34
    ripple34 Posts: 63 Forumite
    Sixth Anniversary 10 Posts
    edited 1 February 2022 at 7:29PM
    I called up and said 'I'd like to put in a higher offer'
    Agent (testily): 'The vendor's not taking any more offers. She's sticking with the one she's got.'
    Me: 'Ok well let me know if anything changes'
    End.

    Poor vendor. I wasn't even asked what my new offer was!
    THIS is what they paid for?

  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 1 February 2022 at 7:32PM
    ripple34 said:
    THIS is what they paid for?
    No, it just means that they've told their agent that their happy with what they've got and that they aren't taking any more offers.
    Otherwise the agent would legally have to pass them on.
    It's the vendors that have made this choice, not the agent.
  • ripple34
    ripple34 Posts: 63 Forumite
    Sixth Anniversary 10 Posts
    I'm glad you know the vendors so well, Thanks
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 1 February 2022 at 9:13PM
    No problem. Glad I could help.
  • sheramber
    sheramber Posts: 24,089 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Would you be happy if your offer had been accepted and then the vendor decided to sell to someone who came along later with a higher offer? It is called gazumping and frowned upon.




  • Yes I do know that. And it's the chance we all take when buying property in England. It doesn't happen in Scotland.
    Believe me - there will be a few more examples of that happening in the weeks to come. Gazumping isn't illegal.
    And it's the vendors who do it, since they are responsible for accepting a higher offer. 
  • These are good vendors. I would've done the same. 
  • As a buyer, I would have probably put in an offer, you never know the vendors morals and you're just being human,

    if I were the vendor, I would have stuck with the offer I accepted.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ripple34 said:
    I'm glad you know the vendors so well, Thanks
    Anybody can make the highest offer then subsequently retract it. 
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