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  • FIRST POST
    • grussell
    • By grussell 12th Jan 18, 6:31 PM
    • 16Posts
    • 0Thanks
    grussell
    Advice on this bad house bidding experience...
    • #1
    • 12th Jan 18, 6:31 PM
    Advice on this bad house bidding experience... 12th Jan 18 at 6:31 PM
    House offer accepted.
    Last edited by grussell; 13-01-2018 at 5:40 PM.
Page 2
    • Aylesbury Duck
    • By Aylesbury Duck 12th Jan 18, 9:17 PM
    • 1,989 Posts
    • 2,622 Thanks
    Aylesbury Duck
    Perhaps it!!!8217;s the way you!!!8217;ve worded it, it comes across as slightly sarcastic and immature. I!!!8217;m 18 years old so finding this house buying stuff quite a challenge.

    In terms of !!!8220;countless!!!8221; - let me rephrase that for you - I called the EA !!!8220;countless!!!8221; times with no response and e-mailed, my first bit of contact was on the third day. I run my own company and still have time to respond to calls and emails in a timely manner. I have read the reviews on Trust Pilot based on the EA that I used (in this exact location) and the reviews are saying the same thing I have said.
    Originally posted by grussell
    That!!!8217;s odd. You were 23 years old in 2014.

    http://forums.moneysavingexpert.com/showthread.php?t=5135243
    Last edited by Aylesbury Duck; 12-01-2018 at 9:22 PM.
    • davidmcn
    • By davidmcn 12th Jan 18, 9:19 PM
    • 7,809 Posts
    • 7,986 Thanks
    davidmcn
    Perhaps it!!!8217;s the way you!!!8217;ve worded it, it comes across as slightly sarcastic and immature. I!!!8217;m 18 years old so finding this house buying stuff quite a challenge.

    In terms of !!!8220;countless!!!8221; - let me rephrase that for you - I called the EA !!!8220;countless!!!8221; times with no response and e-mailed, my first bit of contact was on the third day. I run my own company and still have time to respond to calls and emails in a timely manner. I have read the reviews on Trust Pilot based on the EA that I used (in this exact location) and the reviews are saying the same thing I have said.
    Originally posted by grussell
    And I've been working as a property professional since (just!) before you were born, so please accept that my advice has a fair bit of experience behind it. At the end of the day, the EA isn't working for you, and you can't badger them into responding if they don't have an answer from their client. And as others have alluded to, it's not great negotiation tactics for you to appear too eager. If you genuinely have a deadline to work to then make it clear, but otherwise just sweat it out.

    That!!!8217;s odd. You were 23 in 2014.

    http://forums.moneysavingexpert.com/showthread.php?t=5135243
    Originally posted by Aylesbury Duck
    Oh, is it one of those?
    • ViolaLass
    • By ViolaLass 12th Jan 18, 9:26 PM
    • 5,385 Posts
    • 7,440 Thanks
    ViolaLass
    If I were the vendor, I would have been quite irritated by the £161k offer. £1k off what they had counter offered at the beginning. You also really made it look like you would just keep going up if they waited.
    • WorkingTowardsDebtFree
    • By WorkingTowardsDebtFree 12th Jan 18, 9:35 PM
    • 74 Posts
    • 54 Thanks
    WorkingTowardsDebtFree
    I know it's frustrating to have to wait a few days, and society has geared us all up to want instant responses to everything (or at least very quick), but as someone else has said you don't know what's going on in the sellers' lives.

    Four days really isn't long - especially if one of them works shifts, they have been away, they are dealing with sick friends or relatives, are frazzled by Christmas & New Year, or any of many other reasons.

    They may have taken some time because they may have an absolute minimum they wanted because that's what they need to pay off their mortgage and afford the property that they want next time.... And ideally wanted a bit more, so needed to think about whether they should accept your offer.

    To you, the house was worth £155k - £162k. To the seller it was worth £162k at an absolute bare minimum it seems.

    They didn't want to accept £161k. They didn't want to accept less than that. When they asked you for £162k, you went for several more rounds before reaching what they wanted. Even offering £161k which over the lifetime of a mortgage isn't that much, and this may have come across to the sellers as you just wanting to "win on your terms" instead of giving them what now looks like was their absolute bare minimum price. Whether that was your intention or not, again, is irrelevant -- the sellers hold all the cards and it's their choice whether to sell to you or not if you want to buy.

    You then kept phoning the EA chasing them, and they may have just thought "they didn't want to give us what we needed, it's been a bit of a game, a bit of a nightmare, and we think that they may come asking to knock the price down further down the line or be too full-on for us". Whether any of that is the case or not is irrelevant, if that's how they feel then there's nothing you can do about it.

    So they may have decided that for their bare minimum of £162k and potentially full-on breathing down their necks for the next few months that it wasn't worth it for them.

    As the house was worth a maximum of £162k for you, and you obviously like to be on the ball and keep on top of things, whilst looking for best value --- then maybe these sellers aren't for you either, and this house under these circumstances isn't worth it for you.

    No worries, move on - find the next house... At some point, you'll find a house and offer a price that the sellers are comfortable with, and you'll hopefully find sellers that are comfortable with you as buyers and vice versa.

    Of course, the more relaxed you can be about the situation, the easier this may happen, and the easier on you it might be too? Not trying to be funny about this, genuinely trying to offer a helpful observation....
    Last edited by WorkingTowardsDebtFree; 12-01-2018 at 9:41 PM.
    • grussell
    • By grussell 12th Jan 18, 10:12 PM
    • 16 Posts
    • 0 Thanks
    grussell
    House offer accepted.
    Last edited by grussell; 13-01-2018 at 5:41 PM.
    • glasgowdan
    • By glasgowdan 12th Jan 18, 11:05 PM
    • 2,895 Posts
    • 3,247 Thanks
    glasgowdan
    So how old actually are you?
    • grussell
    • By grussell 12th Jan 18, 11:15 PM
    • 16 Posts
    • 0 Thanks
    grussell
    House offer accepted.
    Last edited by grussell; 13-01-2018 at 5:41 PM.
    • G_M
    • By G_M 12th Jan 18, 11:21 PM
    • 44,393 Posts
    • 52,681 Thanks
    G_M
    So you're not actually you?

    It explains the countleess phonecalls though, as lots of calls x 2 = countless.

    Your first post didn't actually have a question, just a comment:

    Call me old fashioned but I didn!!!8217;t get a single courtesy call from the EA to explain the offer taking a long time or offer was being thought over etc
    The respondants to that comment have been pretty unanimous in their opinions, so hopefuly you'll take them on board and next time (as per post 2) be a litttle more patiant.
    Last edited by G_M; 12-01-2018 at 11:24 PM.
    • grussell
    • By grussell 12th Jan 18, 11:22 PM
    • 16 Posts
    • 0 Thanks
    grussell
    House offer accepted.
    Last edited by grussell; 13-01-2018 at 5:41 PM.
    • Aylesbury Duck
    • By Aylesbury Duck 12th Jan 18, 11:48 PM
    • 1,989 Posts
    • 2,622 Thanks
    Aylesbury Duck
    In the other thread your partner was the same age as you, not 8 years older! Could be a different partner of course but as with your car thread it all starts to unravel when questions are asked.

    Anyway, you've had good advice (assuming the whole situation isn't fictional) that will help others genuinely in that situation. Good luck with your house buying, whether real or not.
    Last edited by MSE ForumTeam5; 13-01-2018 at 1:05 PM. Reason: Quoting deleted post
    • TT_fan89
    • By TT_fan89 13th Jan 18, 10:53 AM
    • 1 Posts
    • 2 Thanks
    TT_fan89
    That’s odd. You were 23 years old in 2014.
    Originally posted by Aylesbury Duck
    Again, the “experienced” “fat cats” and “keyboard warriors” of Money Saving Expert forum continue to berate and bully the less less experienced.

    Remind me again what her/his partner and their age has to do with their house buying advice. Or to do with you?

    @grussell - You possibly came across to eager. Space out your offers and they may take you seriously.
    • Aylesbury Duck
    • By Aylesbury Duck 13th Jan 18, 12:04 PM
    • 1,989 Posts
    • 2,622 Thanks
    Aylesbury Duck
    Again, the “experienced” “fat cats” and “keyboard warriors” of Money Saving Expert forum continue to berate and bully the less less experienced.

    Remind me again what her/his partner and their age has to do with their house buying advice. Or to do with you?
    Originally posted by TT_fan89
    It was the OP who brought their age and their partner into the discussion. I had already offered (and been thanked by the OP for) my advice. Then the strange age discrepancy cropped up, which caused me to doubt the circumstances the OP described. Age doesn’t necessary have much to do with the advice, but if people want the the courtesy of free advice and the views of other posters, it is equally courteous not to be misleading and evasive when asked questions.

    If questioning inconsistencies and discrepancies in a poster’s account is berating and bullying, you have a different dictionary than I have.
    • thorsoak
    • By thorsoak 13th Jan 18, 12:11 PM
    • 5,662 Posts
    • 25,939 Thanks
    thorsoak
    Hello,

    I am a first time buyer with my mortgage in principal and I am feeling very sad as I had an offer (or 4) declined and was wondering if I could get some advice on avoiding this situation in the future and feedback on the whole scenario in general. I don’t feel my experience with this particular EA was very professional. I will explain further:

    House: 2 bed detached, been on market for at least 6 months, has already been reduced, no central heating, some minor refurbishment needed.

    Date 1: viewed house with asking price of £167,000
    Date 2: submit offer of £155,000
    Date 3: offer declined within 24 hours (vendor requested £162,000 via EA in response)
    Date 4: submit offer verbally of £158,000
    Date 5: offer declined within 24 hours
    Date 6: submit offer of £161,000
    Date 7: offer declined within 48 hours
    Date 8: submit offer of £162,000 (finally matched the vendors initial request)
    Date 9: offer declined (after four days of chasing EA up).

    Call me old fashioned but I didn’t get a single courtesy call from the EA to explain the offer taking a long time or offer was being thought over etc.
    Originally posted by grussell
    The Estate Agent is the agent of the seller - not the buyer, so he would not contact you until he had something - whether positive or negative - to tell you. It is in his (and the seller's) best interest to garner as much interest as possible in a property - you might have been one of four or five interested parties.
    • Thrugelmir
    • By Thrugelmir 13th Jan 18, 12:12 PM
    • 58,892 Posts
    • 52,217 Thanks
    Thrugelmir
    Definitely not going to defend my emotions after having four offers rejected. I am human, after all. I really felt like this was the “one”.

    I’m not in the house buying career but I do think that to wait four days for a vendor to reply to an offer without as much as a courtesy phone call to explain the delay lacks some professional etiquette. Not only that but after matching the vendors request, my offer was further declined. Is anyone not the slightest bit shocked at this?
    Originally posted by grussell
    You have no idea as to whether are other people have viewings booked to see the property. In which case the vendor might be simplying waiting for the outcome.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • davidmcn
    • By davidmcn 13th Jan 18, 12:38 PM
    • 7,809 Posts
    • 7,986 Thanks
    davidmcn
    Remind me again what her/his partner and their age has to do with their house buying advice.
    Originally posted by TT_fan89
    It seems too much of a coincidence that he's got together with someone who has a similar style of writing and a past history of posting a rather unbelievable story (which also unravelled on further questioning).

    Besides, who the heck shares their MSE account (particularly one which hadn't been used for three years) when it's free to register a new account (as you have no doubt just discovered, TT_fan89 - welcome to the forum! )
    • parkrunner
    • By parkrunner 13th Jan 18, 4:30 PM
    • 1,146 Posts
    • 1,813 Thanks
    parkrunner
    Definitely not going to defend my emotions after having four offers rejected. I am human, after all. I really felt like this was the “one”.

    I’m not in the house buying career but I do think that to wait four days for a vendor to reply to an offer without as much as a courtesy phone call to explain the delay lacks some professional etiquette. Not only that but after matching the vendors request, my offer was further declined. Is anyone not the slightest bit shocked at this?
    Originally posted by grussell
    Not in the slightest. You were told what they would accept but you kept messing around with offers under that price.
    • davidmcn
    • By davidmcn 13th Jan 18, 5:47 PM
    • 7,809 Posts
    • 7,986 Thanks
    davidmcn
    Original post quoted below so the thread makes more sense to future readers:

    Hello,

    I am a first time buyer with my mortgage in principal and I am feeling very sad as I had an offer (or 4) declined and was wondering if I could get some advice on avoiding this situation in the future and feedback on the whole scenario in general. I don’t feel my experience with this particular EA was very professional. I will explain further:

    House: 2 bed detached, been on market for at least 6 months, has already been reduced, no central heating, some minor refurbishment needed.

    Date 1: viewed house with asking price of £167,000
    Date 2: submit offer of £155,000
    Date 3: offer declined within 24 hours (vendor requested £162,000 via EA in response)
    Date 4: submit offer verbally of £158,000
    Date 5: offer declined within 24 hours
    Date 6: submit offer of £161,000
    Date 7: offer declined within 48 hours
    Date 8: submit offer of £162,000 (finally matched the vendors initial request)
    Date 9: offer declined (after four days of chasing EA up).

    Call me old fashioned but I didn’t get a single courtesy call from the EA to explain the offer taking a long time or offer was being thought over etc.
    • grussell
    • By grussell 13th Jan 18, 7:49 PM
    • 16 Posts
    • 0 Thanks
    grussell
    Thank you davidmcn
    • Aylesbury Duck
    • By Aylesbury Duck 13th Jan 18, 8:22 PM
    • 1,989 Posts
    • 2,622 Thanks
    Aylesbury Duck
    And there we have it. After getting the advice needed, the OP has deleted all their posts, thereby reducing the usefulness of the thread to other people in similar situations. How selfish. I can see why they had difficulty dealing with the vendor and their EA.
    • parkrunner
    • By parkrunner 14th Jan 18, 10:32 AM
    • 1,146 Posts
    • 1,813 Thanks
    parkrunner
    House offer accepted.
    Originally posted by grussell
    Yeah right.
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