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Get her to book some other viewings with the agent 
Daughter buying her first house
- Thread starter Ian H
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Typical tactics.
They might even go silent over the weekend to make their cash buyer story more believable.
They might even go silent over the weekend to make their cash buyer story more believable.
She is back on at £117,000. She’s going to phone them back to guarantee exclusivity. ****s, can’t help but think they just blagged it with an imaginary cash buyer.
Oh well, I’m sure the survey will find a few thousand worth of problems.
I’ve traveled through loads of houses today over a bigger search area but can’t find anything as good.
Oh well, I’m sure the survey will find a few thousand worth of problems.
I’ve traveled through loads of houses today over a bigger search area but can’t find anything as good.
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A close friend of mine is an Estate Agent - this is what they do. They will sell their value on their ability to get you to pay more than you wanted - its their job.
Last house I bought (2019) I dropped 5k 11th hour because I knew the estate agent had forecast the deal to her boss as closing that month. All of sudden the deal is dead and she has a gap in her commission forecast. Now she's working for me to convince the seller to accept my revised offer
Your other option is to pull out, get someone to offer 110k cash and see what traction they get.
Last house I bought (2019) I dropped 5k 11th hour because I knew the estate agent had forecast the deal to her boss as closing that month. All of sudden the deal is dead and she has a gap in her commission forecast. Now she's working for me to convince the seller to accept my revised offer
Your other option is to pull out, get someone to offer 110k cash and see what traction they get.
Only problem could be is that the owner has died and therefore there’s no pressure to sell to pay for a move. It will all come down to how desperate the heirs are to sell. My parents went through a similar thing when they were buying their first house in the late 70’s. The son and heir of the owner messed them about for 18 months and the price went up from around £9k to £11k. There was also some kind of probate problem too.
Also, check out the legal ownership situation - the property may have to go through probate or there may be more than one heir who are not in agreement about the sale. Mrs Mottie saw an empty bungalow up for sale in a road she really liked about 4 years ago. We arranged a viewing, I took time off work, we met the estate agent outside, the daughter didn’t show to let us in, he phoned her and she told him to tell us to come back another time as she was busy. I told him to tell her to stick it up her arse as I wasn’t going to be messed about by someone like that. It was then that he told us the son wanted to sell but the daughter didn’t. It’s still empty to this day so I’m glad I trusted my gut instinct. I wonder how many others had their time wasted on that property, not to mention survey fees?
Also, check out the legal ownership situation - the property may have to go through probate or there may be more than one heir who are not in agreement about the sale. Mrs Mottie saw an empty bungalow up for sale in a road she really liked about 4 years ago. We arranged a viewing, I took time off work, we met the estate agent outside, the daughter didn’t show to let us in, he phoned her and she told him to tell us to come back another time as she was busy. I told him to tell her to stick it up her arse as I wasn’t going to be messed about by someone like that. It was then that he told us the son wanted to sell but the daughter didn’t. It’s still empty to this day so I’m glad I trusted my gut instinct. I wonder how many others had their time wasted on that property, not to mention survey fees?
He had no family so left it to a charity, 2 women from there are selling it through the estate agent.
Gazumping asside, the neighbour had told us they had had an offer of £115 so we were going to offer £120, it was when the estate agent said the £115 was offered/accepted and then they buyer couldn’t raise it that we matched the £115.
The £2000 sucks but not the end of the world.
Gazumping asside, the neighbour had told us they had had an offer of £115 so we were going to offer £120, it was when the estate agent said the £115 was offered/accepted and then they buyer couldn’t raise it that we matched the £115.
The £2000 sucks but not the end of the world.
The Corona Virus could work in her favour if she has a good mortgage , Property prices have risen slighty over the last couple of months as people went back to work , however it is anticipated a second wave could affect peoples earning capability and more properties could end up on the Market at the end of the year. I would guess that the estate agents are trying to recoup the commision they have lost over the last six months, she should stand firm .
Get one of your mates to view the house and offer £120,00 and see what happens.
Andy
Andy
The charity are they the legal owner now, its not still in probate then ?
As the charity has no pressure to sell , you may find yourself in this position again.
has the estate agent now withdrawn the property - is it OFF all the websites ?
As the charity has no pressure to sell , you may find yourself in this position again.
has the estate agent now withdrawn the property - is it OFF all the websites ?
An estate agent recently told me the real negotiating only starts when the survey comes back - he said loads of sales fall through at that point.
So starting blocking them drains.....
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You start doing that and the seller gets it in their head that its worth 120.
E
EddieM
It's a nice idea, but until contracts are exchanged, nothing is binding. I feel for you, buying houses in England is an awful experience.
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indeed - its just words and shows she is desperate to buy her "dream home". @Ian H dad's job is to help her be a cool negotiator, not particularly bothered if she buys it or not, still looking around.. got more to see. They wont accept any revised offer no matter what the survey says. Come on man - surely you've negotiated for things in your life? or is she strong willed and fallen in love with the house?
