Is this a sales tactic ?

masjntt1977

Thank you, I think I’m a decent position as I can proceed with cash / no finance etc - just need to decide whether to submit offer straight away or wait until nearer to Monday - I hate waiting 🙈😂

Gavin83

MultiFuelBurner said:

(From your other thread) Just goes to show many don't give a flying fig about EPC's still doesn't it.

People on this forum go on about the EPC like it's the most important aspect of a house but I think the reality is the vast majority of people don't even care.

To the OP, I don't think it really matters when you submit your offer. If the house is clearly this popular it's entirely possible it'll go over asking. Just have a think about what you're willing to pay and then offer at that. Don't play games and don't over offer. If you stick to what you want to pay and you don't get it at least you'll know there was nothing else you could do.

RHemmings

I have had something similar. The estate agent stopped arranging viewings because they had enough. 

I also really don't want to get into a bidding war. 

Mr.Generous

If the agent pulls the ad its because there is so much interest they are swamped with enquiries at the office - and they are very confident the viewings they have will result in a sale. I'd bet quite heavily against it being a sales tactic or a game. They probably know how much the vendors want for it, and are confident that offers exceeding that are highly likely. They make a living selling property.

Jonboy_1984

At the start of last year we were one of 28 viewings on the same day for a property, and the next two sets of people were outside when we left. The EA has stopped viewings on that one in a similar way.

Grizebeck

Gavin83 said:

MultiFuelBurner said:

(From your other thread) Just goes to show many don't give a flying fig about EPC's still doesn't it.

People on this forum go on about the EPC like it's the most important aspect of a house but I think the reality is the vast majority of people don't even care.

To the OP, I don't think it really matters when you submit your offer. If the house is clearly this popular it's entirely possible it'll go over asking. Just have a think about what you're willing to pay and then offer at that. Don't play games and don't over offer. If you stick to what you want to pay and you don't get it at least you'll know there was nothing else you could do.

Exactly I don't two hoots about an epc. Those who care are nieve 

masjntt1977

Thank you everyone - we went to view and it was everything I thought. 

We really like it - there were several people viewing.
Agent told us the owner is looking for a quick sale and won’t accept anything below the asking price 

Lots of thinking to do now - the wait between now and Monday is going to feel a very long time 😱

[Deleted User]

masjntt1977 said:

Hi

Im viewing a property today that went live on rightmove / zoopla Monday afternoon 

I really like the property and very likely will place an offer. 

The agent has contacted me just to say that there will be other people viewing the property at the same time as me ( which is fine),  they also said that the house has been extremely popular so they are removing the listing today from rightmove and zoopla as they cannot fit anymore viewings in 

I have never known this to be done before - could it be a sales tactic??

The house is finished immaculately it has been renovated in 2019 and everything has been done from scratch - it’s beautiful. It’s up for £325k nearest comparable is £255 this  requires  a lot of modernisation 

Seller is chain free, so I am - I completed on Fri so this will be a cash purchase 

I do believe the property will be popular but suspect the level of popularity may be being slightly hyped up ( I could be wrong)

I don’t want to get into a bidding war nor pay over the odds but I would like to submit a realistic/ decent offer and would appreciate any advice.

My offer would be subject to survey ( level 3)

Thank you 

Yes, it's to pressure you to put in a high offer.

MultiFuelBurner

Grizebeck said:

Gavin83 said:

MultiFuelBurner said:

(From your other thread) Just goes to show many don't give a flying fig about EPC's still doesn't it.

People on this forum go on about the EPC like it's the most important aspect of a house but I think the reality is the vast majority of people don't even care.

To the OP, I don't think it really matters when you submit your offer. If the house is clearly this popular it's entirely possible it'll go over asking. Just have a think about what you're willing to pay and then offer at that. Don't play games and don't over offer. If you stick to what you want to pay and you don't get it at least you'll know there was nothing else you could do.

Exactly I don't two hoots about an epc. Those who care are nieve 

I would suggest age of property and EPC means you can get a good idea of energy costs especially if you frequent these boards.

We would certainly choose modern construction and insulation building regulations over an early 1980's house and earlier especially with energy costs as they are. (Unless we fancied burning pound notes)

The comparison is our 180sqm house 8 years old EPC B costing in the region of £1800 in the last year versus next door 1960's EPC E 110sqm costing in the region of £3000 a year.

Herzlos

masjntt1977 said:

Thank you everyone - we went to view and it was everything I thought. 

We really like it - there were several people viewing.
Agent told us the owner is looking for a quick sale and won’t accept anything below the asking price 

Lots of thinking to do now - the wait between now and Monday is going to feel a very long time 😱

If the owner wants a quick sale then why are you waiting? They may take the first good offer they get, and if you are a cash buyer that's chain free you're in a pretty good position.

What you want to avoid is another chain free buyer making an offer for the same amount first and it being accepted.