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Stamp duty and houses on at above threshold
Comments
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grrrrr:mad: , I'd have been furious and would have probably put a complaint (at a later date) against the EA with NAEA or OEA and with the FSA re the mortgage advisor!
EAs are obliged to put all offers (however ridiculous they think they are) to the vendor. If you think they won't and/or haven't you can try to contact the vendor directly and a) let them know of the EA's conduct and b) put your offer directly to them0 -
The only time an agent wouldn't have to put an offer forward is when they have instructions from their vendor that they would not accept an offer below a certain figure.
The EA or mortgage broker are breaking the law if they tell you otherwise. All the EA, or broker, had to do was contact your mortgage broker to confirm that you could borrow the required amount to purchase the property.
Ask to have it confirmed in writing that the offer has been put forward and what the outcome was. A lot of good agents do this already, but it doesn't sound to me as if you are dealing with a good agent.
If you feel you want to complain about what has happened, don't bother complaining to the NAEA or OEA, go straight to Trading Standards.0 -
on the other hand it shows how desperate the mortgage advisor has become when he's pulling dirty tricks like this in order to try and gain commission. A sure sign of a slowing market.
I see many prices listed at simply ridiculous kite flying levels. If the seller wants to sell, he has to take into account current market conditions, and it is VERY much a buyers market now.It's a health benefit ...0 -
We are still seeing year on year increases but some people believe we are in the middle of a housing crash. Crazy!!!
<wince>
year on year means NOTHING at the moment. Because prices having been falling for several months, and the 3 month period shows significant declines on the latest figures.
I'd bet on prices going Y on Y negative by April....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Commission perhaps. Its in the best interests of estate agent to sell for as high as possible.
If i had a house on the market for £139000 and someone offered £125000, i'd be extremely annoyed. Its been priced at £139k, well away from the £125k threshold for a reason.
We are still seeing year on year increases but some people believe we are in the middle of a housing crash. Crazy!!!
On a £139k house, i would say a bid of £135k is reasonable.
No way you're getting it for £125k unless the seller is extremely desperate.
After reading around and asking people on here, I don't think a 10% off asking price offer is unreasonable. It was nothing to do with the size of the offer, they just wanted to try and trick me into speaking to their mortgage advisor. Based on our salaries, they would then know we could afford a lot more than even the asking price, and we don't want them to know that.
The vendor has no reason to be annoyed, it's been on longer than 3 months and we are the only people who have had a second viewing.0 -
Also with regards to above post, the EA just rang and said offer not accepted, but that the vendor is looking for about 130! So if I had put in 135 as the poster suggested I would have just wasted 5k of my hard earned money!0
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wait a couple of weeks
they will accept 125k then
125k is 'around 130' depending on your rounding
It's a health benefit ...0 -
I'm no expert but if there willing to accept £130,000 then your not far off at £125,000!Also with regards to above post, the EA just rang and said offer not accepted, but that the vendor is looking for about 130! So if I had put in 135 as the poster suggested I would have just wasted 5k of my hard earned money!
How about £125,000 + 2.5k for the F&F - I know this is 'dodgy' ground but it's worth thinking about as your so close to avoiding the SD.
It realy is a battle of 'wills', if you sat it out they could back to you in a couple of weeks and accept the £125,000. Especially the way things are looking.0 -
Would the inland revenue not be on to this like a flash?0
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