list of offers - quick question

hamblettamaud

Hello, pals.

I have a quick question. I have heard that estate agents have a list of offers on properties that they are obliged to show anyone interested.

I am currently the highest person to offer on a property. However, I'm a little concerned that the so-called "other customers" may not exist, and I'd hate to think that the estate agent is playing me for a giddy kipper.

A friend told me that I should go into the estate agents and ask to see the list of offers.

Does such a list exist that potential buyers are able to view? It might be an interesting read.

chickmug

Quite the contrary EA's are not obliged to tell you the detail of other offers let alone show you a list.

hamblettamaud

thanks for that, chick! i had heard something that said they were obliged to show a list if asked but i also thought it sounded too good to be true ...

any other thoughts welcome too.

cheers, hamble

Jorgan_2

As Chickmug says, the agent will not show any offers to you, the amount offered is between the person making the offer, the agent & the seller. Thats how it is in England & Wales, it may be different in Scotland.

chickmug

hamblettamaud wrote: »

any other thoughts welcome too. cheers, hamble

You could try and prise the info from the EA but I doubt you will be successful. You could try and ask the vendor but again doubt you will succeed. It is like a game of poker!!!!!!!!!!!!!

carolt

Offer what you think it is worth to you.

If someone else has offered more, you won't get it.

I wouldn't necessarily believe the EA, though. Whilst some may be entirely honest, there's no shortage of EA's that are somewhat 'economical with the truth'. In a rising market, you could face a proble, but TBH, in a falling market, something better will probably come along soon.

hamblettamaud

thanks, all

but i'm a little concerned that the estate agent may be artificially inflating the price on this property. i would want to know if there actually is another interested party or if the estate agent is merely claiming there is to encourage me to offer higher.

is there a way to find out if other so-called offers are real? (LOL not that i don't trust estate agents or anything)

Jorgan_2

hamblettamaud wrote: »

thanks, all

but i'm a little concerned that the estate agent may be artificially inflating the price on this property. i would want to know if there actually is another interested party or if the estate agent is merely claiming there is to encourage me to offer higher.

is there a way to find out if other so-called offers are real? (LOL not that i don't trust estate agents or anything)

The only sure way to see if there is another buyer for the property is to withdraw your offer. If some new moves in to the property in 4-6 weeks, then there was another buyer.

The surveyor has confirmed that the property is worth the amount you are paying for it, nothing more, nothing less. You can always get your own, non mortgage related valuation carried out, for a fee. This would give you another surveyors opinion on the value of the property.

chickmug

hamblettamaud wrote: »

is there a way to find out if other so-called offers are real? (LOL not that i don't trust estate agents or anything)

Get the EA to agree to a lie detector test.

dubsey

As has been said, pay what it is worth to you.

We made an offer on our first house (2k below asking) and the EA came back at 5pm and said it was a no because there had been a higher offer. She said she couldn't tell me how much but seeing as she knew me (from years ealier at school) she could only tell me that if we went to asking price we would get it and they would take it off the market. So we did. When we moved in we checked with the neighbours and we had been the only viewers - nobody else at all.

We were not upset because we were happy with the price we paid. Happier when the guy came to install central heating a couple of months later and he told us he'd put in an offer £1k higher than ours and had then gone on holiday for two weeks and when he got back was told that it had sold, but if he was interested it would have to be over asking price. He had never even viewed it, he said he'd only wanted it because of the huge plot it was on!

So after waffling (sorry) it wasn't worth that price to him, but it was to us.

LandyAndy

dubsey wrote: »

As has been said, pay what it is worth to you.

We made an offer on our first house (2k below asking) and the EA came back at 5pm and said it was a no because there had been a higher offer. She said she couldn't tell me how much but seeing as she knew me (from years ealier at school) she could only tell me that if we went to asking price we would get it and they would take it off the market. So we did. When we moved in we checked with the neighbours and we had been the only viewers - nobody else at all.

We were not upset because we were happy with the price we paid. Happier when the guy came to install central heating a couple of months later and he told us he'd put in an offer £1k higher than ours and had then gone on holiday for two weeks and when he got back was told that it had sold, but if he was interested it would have to be over asking price. He had never even viewed it, he said he'd only wanted it because of the huge plot it was on!

So after waffling (sorry) it wasn't worth that price to him, but it was to us.

:rotfl: That sounds like some serious curtain twitching on their part.:rotfl: