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offer 15% less ???????
Comments
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I would just like to point out that we put in an offer of 9% less on a property last week and were told by the agent that it would offend the vendors therefore they wouldn't put the offer forward - annoyingly enough this particular EA is also selling our property (its SSTC) so we were a bit gobsmacked. Yes the offer was a bit cheeky but then we didn't think the house was worth much more. We aimed low with a view of negotiating up but apparently the vendor is waiting for full asking price................:rotfl:
Unless the seller has instructed the agent not to inform them of offers below a certain figure, all offers, by law, have to be put forward to the seller. It isn't upto the EA to decide what offer gets put forward.0 -
I would just like to point out that we put in an offer of 9% less on a property last week and were told by the agent that it would offend the vendors therefore they wouldn't put the offer forward - annoyingly enough this particular EA is also selling our property (its SSTC) so we were a bit gobsmacked. Yes the offer was a bit cheeky but then we didn't think the house was worth much more. We aimed low with a view of negotiating up but apparently the vendor is waiting for full asking price................:rotfl:
Your EA is obliged to put all offers to their clients. Unless they have a signed mandate, from their client, not put offers below a specified amount. Are they members of the NAEA and I will give the the rule number to quote to your EA!!!A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
It will get shunned quite quickly I image, but worth a punt I guess. Doesn't matter if you offend. I just offered 10% less on a house and it didn't go down very well...
I do already have an offer which has been accepted at 5.5% less on another house though. Just trying to better it at the mo.
The vast majority of sellers aren't really aware of the market situation, and its debatable whether or not they should actually be concerned or care to be honest.0 -
.......were told by the agent that they wouldn't put the offer forward ......... apparently the vendor is waiting for full asking price0
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I thought that was the case - they should put all offers forward. Actually the conversation went something like, they are in a hurry to sell and if you put forward a 10K reduction in asking price offer you could probably negotiate from there, so we put forward a 20K reduction (as you would!!).
Its a refurb (but not a good one), its not finished properly and you can see they have rushed some of the things - never mind, if someone wants to pay the asking price they can!0 -
have found out the poperty has been on the market since summer last year and was on at 850k , also it is owned by a very large billion pound company, to house their staff when visiting the uk.
might be a chance with this one as the owners will have no emotional attachment to it.0 -
what did they pay for it when they bought it ?0
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my offer got turned down at 650k and the agent has told me that an offer of 700k was turned down today also although i don`t believe him.
the house is owned by bp and been on the market since last summer.
it requires new kitches new bathrooms new windows and skimming everywhere and also doors etc.
i cannot believe they would turn down 700k0
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