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Sellers bidding against each other, room for a better deal?
Comments
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RelievedSheff said:
Why?! Not silly games, if we like both properties and they NEED/WANT the sale then they can and in their right to drop the asking price to be the house… Only if we like both and are torn.
What is more important to you?fackers_2 said:
Ohh 100% agree with you on ethical and moral points. I’m a fair person and happy to pay what a property is worth. On the off chance a situation like this happens, one has to ask if a better deal can be made (just like best and final offers for buyers).EssexHebridean said:Are the two properties identical then? I mean in terms of finish, any work required etc? Otherwise surely this is comparing apples and oranges?
It does strike me as a shame that people can’t just be transparent and honest in their dealings though. It’s reached the stage now where agents look at you blankly if you say you want to be ethical and honest about things and not play games - and that applies whether you are selling or buying. We’ve agreed that we are intending to treat other parties as we would want to be treated ourselves - whilst not a huge believer in karma, at least I’ll be able to sit comfortably with my own conscience later.They’re almost very similar. One has an extension, the other has a bigger garden… both valued the same!
Buying a home or playing silly games?
You are certainly not the sort of buyer we would entertain dealing with.
As i say, it’s good enough for sellers in a sellers market to have bids, so why not buyers in a buyers market. Always find comparables. You can ask, but you won’t always get what you want.
House prices are now falling as they were in 2008… A correction is happening - Jan 20231 -
I think you are overestimating how important you are to the sellers...5
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You can guarantee that the sellers will talk to each other and if they are on with different EAs, the EAs will talk to each other.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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And if neither NEED/WANT the sale?fackers_2 said:RelievedSheff said:
Why?! Not silly games, if we like both properties and they NEED/WANT the sale then they can and in their right to drop the asking price to be the house… Only if we like both and are torn.
What is more important to you?fackers_2 said:
Ohh 100% agree with you on ethical and moral points. I’m a fair person and happy to pay what a property is worth. On the off chance a situation like this happens, one has to ask if a better deal can be made (just like best and final offers for buyers).EssexHebridean said:Are the two properties identical then? I mean in terms of finish, any work required etc? Otherwise surely this is comparing apples and oranges?
It does strike me as a shame that people can’t just be transparent and honest in their dealings though. It’s reached the stage now where agents look at you blankly if you say you want to be ethical and honest about things and not play games - and that applies whether you are selling or buying. We’ve agreed that we are intending to treat other parties as we would want to be treated ourselves - whilst not a huge believer in karma, at least I’ll be able to sit comfortably with my own conscience later.They’re almost very similar. One has an extension, the other has a bigger garden… both valued the same!
Buying a home or playing silly games?
You are certainly not the sort of buyer we would entertain dealing with.
As i say, it’s good enough for sellers in a sellers market to have bids, so why not buyers in a buyers market.
I think you are making the mistake of assuming that all sellers are desperate to sell.2 -
I'm sure if he keeps trying his tacticts then in 3 or 5 years time he may find someone desperate who will drop the price by enough to make him feel it is worth itRelievedSheff said:
And if neither NEED/WANT the sale?fackers_2 said:RelievedSheff said:
Why?! Not silly games, if we like both properties and they NEED/WANT the sale then they can and in their right to drop the asking price to be the house… Only if we like both and are torn.
What is more important to you?fackers_2 said:
Ohh 100% agree with you on ethical and moral points. I’m a fair person and happy to pay what a property is worth. On the off chance a situation like this happens, one has to ask if a better deal can be made (just like best and final offers for buyers).EssexHebridean said:Are the two properties identical then? I mean in terms of finish, any work required etc? Otherwise surely this is comparing apples and oranges?
It does strike me as a shame that people can’t just be transparent and honest in their dealings though. It’s reached the stage now where agents look at you blankly if you say you want to be ethical and honest about things and not play games - and that applies whether you are selling or buying. We’ve agreed that we are intending to treat other parties as we would want to be treated ourselves - whilst not a huge believer in karma, at least I’ll be able to sit comfortably with my own conscience later.They’re almost very similar. One has an extension, the other has a bigger garden… both valued the same!
Buying a home or playing silly games?
You are certainly not the sort of buyer we would entertain dealing with.
As i say, it’s good enough for sellers in a sellers market to have bids, so why not buyers in a buyers market.
I think you are making the mistake of assuming that all sellers are desperate to sell.0 -
Might just be me but if three houses in close-ish proximity went up for sale around the same time, I'd be looking for properties elsewhere.
Why are three families wanting to leave the same area?
I wouldn't play it at all because I'd be convinced there was a problem somewhere.
Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.3 -
That’s what my pessimistic side is saying. I’ll report back once I’ve spoke with EA this week.MalMonroe said:Might just be me but if three houses in close-ish proximity went up for sale around the same time, I'd be looking for properties elsewhere.
Why are three families wanting to leave the same area?
I wouldn't play it at all because I'd be convinced there was a problem somewhere.Always find comparables. You can ask, but you won’t always get what you want.
House prices are now falling as they were in 2008… A correction is happening - Jan 20230 -
It wouldn't take long for either seller or agent to figure you out and effectively lock you out. By all means use one property against each other in terms of what the lacking has to offer to gain and advantage but it sounds exhausting trying to play seller against seller let alone the morals of it all.
Be bold in ensuring both sellers know you are viewing each property (like a peacock), let each EA know you are extremely interested in both properties, they will do the legwork for you.1 -
For many people looking to buy a house there will be more than one property they could be interested in - this situation is not really unusual- just the properties are a bit closer together than often.
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
If they both went on the market at the same time you might want to look into why they are selling. Might be some issue with the area.1
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