Buyer messing around updated 7/6/08 ....whoooo!!!

Captain_Mainwaring_2

Believe nothing anyone tells you and only half believe anything you see.

Massive big house in Pakistan with servants = Prefab in Cricklewood

Tell 'em to stick it up their Khyber.

poppysarah

Ask the EA who else is interested in the property.

brock-cruse

poppysarah wrote: »

Ask the EA who else is interested in the property.

We know who already is interested in their house. A man who saw it when it first went on the market and straight away put his on the market with the same agent (he actually calls my dad each week for updates!) and the woman who first put in an offer but had to withdraw due to the FTB at the bottom of the chain pulling out. Both these parties still want Dads place but they have to sell theirs first.
Parents have decided to speak to agent on Mon to try and deternmine if this buyer really is serious and i think they may risk it. Think its desperate times now to try and get a buyer!
Will keep you informed.

narced

brock-cruse wrote: »

Well parents got a call from agent this morning...the buyer that pulled out this week due to "issues on the street" wants to view with his son on Saturday next week again!!!???? He now says that his son or daughter may be interested in buying!?? Thing is my mum talked to the buyers wife last time they viewed and found out their son is a solicitor in London and has already viewed with parents, their daughter is married and lives in a massive house (including servants) in Pakistan. So what is this bloke playing at? He has also said again that he would not pay more than 240k (10k below asking) for it. My parents feel like telling them to stick it but I am more inclined to get them to tell him that suddenly their offer is not acceptable and that it is now full asking or nothing....nothing quite like cutting your nose off to spite your face is there! As my mum says they (my parents) have already told the place they are buying that the chain has fallen through and do not want to mess about the woman they want to buy off. I say that if this bloke really wants Dads place then he can now pay full asking price and that Dad does nothing until survey on theirs done (if it happens). According to agent this bloke has been viewing properties left right and centre and keeps going back to them saying "want to see this one", they say, "you have already seen it and said no", he says "cant remember so book me another viewing"!!!!..absolutley unbelieveable eh???

They are classic timewasters. You should definitely tell the agent that they should either come up with a definite offer that is acceptable to your parents or get lost. Having said that I'd be worried that they may play the same game all the way along to completion, probably trying to reduce the price at the last minute... is it worth the risk?

Catblue

I have to agree with Doozergirl that these buyers are almost guaranteed to try to gazunder your parents on the day before exchange of contracts.

Won't buy it for themselves because of so-called "issues on the street", but are happy for one of their children to live with these issues? Does that sound reasonable to anyone?

If your parents are determined to go ahead, try to make sure that they incur very few costs.

Would certainly be worth hiring a no sale completed/no fee solicitor.

I know your parents won't want to do this, but I would also not progress any further with the purchase of your parent's next property at the moment. Survey fees can really rack up and they'll have to be paid whether your parents are in a position to buy or not.

kunekune

While I agree with the general sentiment that these people are not worth the effort, I do feel that your parents might be being unrealistic too. Unless (and possibly even if) this is Scotland, an offer of 240 on a property marketed at 250 is not insulting, it is good. I'm not sure of the figures, but I seem to recall that the average slippage between asking and selling price is 8%. That is about 20K.

brock-cruse

Catblue wrote: »

I know your parents won't want to do this, but I would also not progress any further with the purchase of your parent's next property at the moment. Survey fees can really rack up and they'll have to be paid whether your parents are in a position to buy or not.

Yes they are not even going to tell the vendor that they have sold again. They are playing it cautious to make sure he spends his mony first. They are also aware of the gazundering technique after i read all about it on this very forum!

brock-cruse

kunekune wrote: »

While I agree with the general sentiment that these people are not worth the effort, I do feel that your parents might be being unrealistic too. Unless (and possibly even if) this is Scotland, an offer of 240 on a property marketed at 250 is not insulting, it is good. I'm not sure of the figures, but I seem to recall that the average slippage between asking and selling price is 8%. That is about 20K.

My parents have already reduced a lot to get under the 250k stamp duty mark (they even had a lot of interest when they intially were on at 270k...however to be able to afford new place in reasonable condition in Nottinghamshire the minimum they really can sell for is 245k however would be willing to accept 240k (which they did) after being able to get the place they were buying to reduce by 5k. However, it seems that where they are buying (notts) places are still selling quite quickly and many are holding out for near asking price.

Rabiddog_2

First viewing is free ... every viewing after that incurs a charge of £25, or whatever.. compensates for the disruption and really tells if they are interested

Incisor

Rabiddog wrote: »

First viewing is free ... every viewing after that incurs a charge of £25, or whatever.. compensates for the disruption and really tells if they are interested

Nice idea, but how are you going to enforce it? Most people take at least 2 viewings to make up their minds and for a genuine buyer, the last thing you want to do is pressurise them to make their minds up - because they will make their minds up, but not in your favour. Not even in a housing boom would this ever work.

Just decide if you want to deal with a particular potential buyer, and if you don't like them, or you think they are mucking about, then don't let them back. Sorted.