Sellers bidding against each other, room for a better deal?

fackers_2

Found 2 properties that are neighbours, both selling and listed the same time, they've both reduced asking price the same time... Has anyone effectively 'played one another off' (I hate using that term) to encourage a seller bid war?  How did it go? 

There's also another house on the estate very close by also for sale the same time. As far as I can see there is nothing planned for the direct area. Maybe it's just coincidence they are both selling the same time. My other theory is that they are both rented and the owner is selling both same time.

How would you play it?

mi-key

They could well be both ex rentals owned by the same person ( the last house I rented the landlord owned next door as well ). Or they could be owned seperately, but then possible the sellers are good friends and will tell each other what you are doing, so you will probably miss out on both...

I think in either scenario all you are going to end up doing is annoying the seller or sellers

fackers_2

mi-key said:

They could well be both ex rentals owned by the same person ( the last house I rented the landlord owned next door as well ). Or they could be owned seperately, but then possible the sellers are good friends and will tell each other what you are doing, so you will probably miss out on both...

I think in either scenario all you are going to end up doing is annoying the seller or sellers

Why? They both want to sell their house? If they want it enough? Shoe on the other foot comes to mind, sellers are happy to do it to buyers?! Or am I missing something?

YoungBlueEyes

If they’re good friends they could realise what you’re up to and cut you off. Some people don’t like games. 

mi-key

If they are both owned by the same person you can hardly play them off against themself.

If they are friends and mention to each other you are trying to play them against each other, then they won't be impressed. 

I'm not even sure there is any way it would work anyway? You make an offer and it is either accepted or rejected. If an offer is accepted, you don't then go back a couple of days later and reduce it. The seller would refuse it and mark you down as a timewaster

user1977

fackers_2 said:

My other theory is that they are both rented and the owner is selling both same time.

You can check who the owners are in a matter of seconds...

mi-key

YoungBlueEyes said:

If they’re good friends they could realise what you’re up to and cut you off. Some people don’t like games. 

I certainly would in that situation !!

mi-key

@fackers_2 Why not just find a house you like and make an offer for what you think it is worth. If the seller refuses, then walk away and find somewhere else rather than playing games and trying to get one over on sellers? 

fackers_2

mi-key said:

If they are both owned by the same person you can hardly play them off against themself.

If they are friends and mention to each other you are trying to play them against each other, then they won't be impressed. 

I'm not even sure there is any way it would work anyway? You make an offer and it is either accepted or rejected. If an offer is accepted, you don't then go back a couple of days later and reduce it. The seller would refuse it and mark you down as a timewaster

Why are you posting similar comment twice? 

eddddy

fackers_2 said:

Has anyone effectively 'played one another off' (I hate using that term) to encourage a seller bid war? 

How are you planning to make that work?

For example, will you...

• Say to the seller at no 25 "The people at no 27 have said they'll accept an offer of £300k, so will you accept £295k?"

• Then say to the seller at no 27 "The people at no 25 have said they'll accept an offer of £295k, so will you accept £290k?"

• Then say to the seller at no 25 "The people at no 27 have said they'll accept an offer of £290k, so will you accept £285k?"

etc, etc

I'm not sure that the sellers would play that game.


But I guess you could say to the EA for No 25  "I'm offering £280k. If the sellers don't accept it, I'll try putting in an offer for no 27".

(Obviously, both those offers could be refused - so you'd then have to decide whether you want to offer more.)

fackers_2

eddddy said:

fackers_2 said:

Has anyone effectively 'played one another off' (I hate using that term) to encourage a seller bid war? 

How are you planning to make that work?

For example, will you...

• Say to the seller at no 25 "The people at no 27 have said they'll accept an offer of £300k, so will you accept £295k?"

• Then say to the seller at no 27 "The people at no 25 have said they'll accept an offer of £295k, so will you accept £290k?"

• Then say to the seller at no 25 "The people at no 27 have said they'll accept an offer of £290k, so will you accept £285k?"

etc, etc

I'm not sure that the sellers would play that game.


But I guess you could say to the EA for No 25  "I'm offering £280k. If the sellers don't accept it, I'll try putting in an offer for no 27".

Depends how much they want the house sold?! 

I'm just putting it out there as an idea and worth seeing if anyone else has done similar.