EAs getting desperate?

dubsey

I thought it was just this area that had properties on the market for that long - or I was going mad. There are lots that were on the market when we bought this house and they are still on. A few haven't dropped the price at all (one has completely redecorated though lol)

Do you think people 'forget' that their house is for sale :rotfl:

Nenen

Cissi wrote: »

This is getting increasingly ridiculous (and annoying)! I thought I'd made myself very clear to the EA, saying please do NOT get your financial adviser to contact us, we're not interested, and we haven't even SEEN the property yet. You've guessed it: yesterday I was called up by said financial adviser, supposedly at my request!?!

I can understand your annoyance... I felt very similarly when I telephoned a local EA to put an offer on a house last year and he said that he could only do this if we came into the office in person. I told him we were not interested in meeting any financial advisors, we already had our MIP etc etc. He insisted that this was not for financial advice, we only had to come in to sign a piece of paper with our offer on, this was company policy etc etc etc. We trekked across Cambridge (anyone who knows the area knows how horrendous the traffic jams and parking are on a Saturday) and arrived to find..... yep, you've guessed it... a financial advisor all keen and eager to try and flog us one of his mortgages! :mad::mad::mad:

Not only did we not take his advice, we withdrew our offer and told them we would not entertain looking at any other properties with this EA! At the time they couldn't have cared less and were very offhand when I told them.... I do hope that the current market situation might make them think again before doing this to others!

Cissi

Wow Nenen, that's pretty unbelievable! Good for you for withdrawing your offer under those circumstances. I suspect our story would have turned into a similar joke, even though I told the EA earlier in the week that we're buying mortgage-free!

Oh and after all this, we didn't even like the house all that much - it's definitely not the right one for us - no matter how much unsolicited financial advise they give us!

Maybe we should start a new thread, "mortgage advisers getting desperate" :rotfl:

clobber_2

Similar situation here, only entertainingly enough over a fairly short time frame. We started looking at houses about six weeks ago. I've sold my house, we're in rented accomodation, we have a sizeable deposit. We have looked at several houses. None of the estate agents seemed to really give a crap, and noone has made any effort to actually sell us a house.

Until this week - suddenly they are emailing me and sending me details in the post and offering mortgage deals and free financial advice and leaving loads of messages on the answerphone.

Needless to say none of the stuff they are trying to push my way is remotely suitable, some of them we have seen on RM and discounted for various reasons but a number don't even meet our basic criteria (number of bedrooms, area, garden etc) but I supect they are getting desparate.

toomanyshoes

I said as much a while ago when one of our EAs called to say we'd had a offer from a couple that viewed a few months previous.

The offer was £250K. This agent priced the property at £365K only 6 months previous.

Strangely, the offer came via 2 EAs, the first EA had the decency to be embarressed, this second one rattled on and on about how the buyer had done his homework, this is what properties sell for, we couldn't expect any better offers, it needs soooo much doing to it etc etc.

Now I dont like to be rude so I tried to listen and the only thing that shut him up was me pointing out that it was he himself who valued the property at £365K only 6 months previous. I asked him if he really thought it had dropped £115K in value in 6 months. That'd be a no.

BettiePage

toomanyshoes wrote: »

I I asked him if he really thought it had dropped £115K in value in 6 months. That'd be a no.

Well it obviously has if that's the offer you've been given. A house is only 'worth' what someone is willing to pay for it.

toomanyshoes

BettiePage wrote: »

Well it obviously has if that's the offer you've been given. A house is only 'worth' what someone is willing to pay for it.

Obviously.

However, my point was on the topic of EAs getting desperate, which is very much how he sounded in his efforts to sell the offer to me.

Its a long story but I knew at the time this particular EA overpriced the property but I was bound by a greedy equal beneficiary to market the property at that price, which has clearly backfired.

The house two doors away is under offer at £330K so £250K is way off the acceptable scale at this point in time.

BettiePage

Hope you get the offer you want. Good luck.

telfordwhite

There are a number of decent sized 4 beds in our preferred area at circa 250k and are not selling (many been on for over a year).

similar property came on yesterday for 265k..

Agents round here are in denial at the moment, very little is selling but you'd think we were in a buoyant market the way they're pricing them.

jamtart6

Why do we hate EAs so much? 95% of the ones I have dealt with have been really helpful, and not too in your face, except for beresford adams who call me sometimes twice a day with unsuitable "apartments" (aka flats above shops!!)

i have noticed people reducing quicker here too 2 "apartments" went up for £145k about 4 weeks ago, both are now £140k. Good luck to them if they sell at that price!