xantis Posted July 15, 2009 Share Posted July 15, 2009 Hello, just looking for a collective opinion. This house is repossed. Agents told me that they got offers higher than asking price (£145K) and that no point for me even making offer less. I know all EAs are liers and bullies, but shall I make an offer anyway. I am thinking about £116,000, assuming similar houses in that area costed £149K in 2007, priced dropped by 20%, so £116K should be a fair offer. Any opinions? Thanks! Quote Link to comment Share on other sites More sharing options...
Sibley's Love Child Posted July 15, 2009 Share Posted July 15, 2009 It sounds like you'll be wasting your time with this one. The EA (regardless of what you may think of him/her) has made their position clear. If it makes you feel any better, chuck your low-ball offer in. Quote Link to comment Share on other sites More sharing options...
salamander Posted July 15, 2009 Share Posted July 15, 2009 Hello, just looking for a collective opinion. This house is repossed. Agents told me that they got offers higher than asking price (£145K) and that no point for me even making offer less. I know all EAs are liers and bullies, but shall I make an offer anyway. I am thinking about £116,000, assuming similar houses in that area costed £149K in 2007, priced dropped by 20%, so £116K should be a fair offer. Any opinions? Thanks! Put the offer in writing, and remind them that by law they are obliged to pass the offer on. For all you know they could be "keeping it for a mate" Quote Link to comment Share on other sites More sharing options...
Neverland Posted July 15, 2009 Share Posted July 15, 2009 (edited) Put the offer in writing, and remind them that by law they are obliged to pass the offer on. For all you know they could be "keeping it for a mate" Worth a one page letter saying you are serious and have your financing lined up The other offer(s) they have might turn out to be flaky (Can't comment on your proposed value though, dont know that market) Edited July 15, 2009 by Neverland Quote Link to comment Share on other sites More sharing options...
helenreed Posted July 15, 2009 Share Posted July 15, 2009 What is that big white square thing in the garden? Quote Link to comment Share on other sites More sharing options...
24gray24 Posted July 15, 2009 Share Posted July 15, 2009 (edited) If it's repossessed, the bank want the mortgage amount back. There may be no other offers. Also, the place has absolutely no storage space; and the living room looks like a corridor. Can't you wait a year and buy somewhere that hasn't been thoroughly ruined by a house doctor, at 40% less than today? The only good thing is the gardon. Take the attic bedroom: it's so small they couldn't get a double in it, you can't stand up in it, and one year ago it was just an attic. Knock that off as a bedroom (it's really an attic) and the price looks expensive, not cheap. I guarantee you won't use that attic for anything but storage. Edited July 15, 2009 by 24gray24 Quote Link to comment Share on other sites More sharing options...
LettingsLady Posted July 15, 2009 Share Posted July 15, 2009 What is that big white square thing in the garden? ? My thoughts entirely. Quote Link to comment Share on other sites More sharing options...
Guillotine Posted July 15, 2009 Share Posted July 15, 2009 This looks like it has easy money potential for a big side extension. I guess the EA has this property in his back pocket for is own client watch list. Make sure the EA feels that you have some fight in you and will be watching this one closely. Quote Link to comment Share on other sites More sharing options...
xantis Posted July 16, 2009 Author Share Posted July 16, 2009 What is that big white square thing in the garden? It was not there when I viewed the house Quote Link to comment Share on other sites More sharing options...
Mayalabeille Posted July 16, 2009 Share Posted July 16, 2009 Hello, just looking for a collective opinion. This house is repossed. Agents told me that they got offers higher than asking price (£145K) and that no point for me even making offer less. I know all EAs are liers and bullies, but shall I make an offer anyway. I am thinking about £116,000, assuming similar houses in that area costed £149K in 2007, priced dropped by 20%, so £116K should be a fair offer. Any opinions? Thanks! Hello Xantis, I am in the same area and I have seen a few of these "we already have an offer above asking price" property popping up on right move. All from the same estate agent!!! If you look closely you will find some advert for a property let say asking price 120000 and the advert says: the vendor already received an offer of 128000 lol Well I am sorry I would say stay away from this agent: if the vendor would have received an offer over his asking price, he would have accepted it! Maya Quote Link to comment Share on other sites More sharing options...
Orbital Posted July 16, 2009 Share Posted July 16, 2009 (edited) Decide how much you are prepared to pay and stick to it. Remember EAs want to make sales happen - this is how they make money. It is not in their interest to ramp up prices and lose the sale. EAs make more money when there is higher turn over. Go and view every property on the market in that area and you'll soon get a feel for what your money can and can't get. If you see something nicer and cheaper then you might as well buy that. If you keep getting drawn back to the this house because its the best one then maybe it deserves that higher price - every other buyer will be thinking the same. Good luck! Edited July 16, 2009 by Orbital Quote Link to comment Share on other sites More sharing options...
contractor Posted July 16, 2009 Share Posted July 16, 2009 (edited) What is that big white square thing in the garden? It's the time/space portal to the universe where the EA comes from. 145K my ar$e. 80K tops Edited July 16, 2009 by contractor Quote Link to comment Share on other sites More sharing options...
pie-eater Posted July 16, 2009 Share Posted July 16, 2009 (edited) Looks like a towel on a washing line? As for the house: stick your low offer in writing. EA is lying (as usual) or ramping (as usual). Orbital seems to be an EA as he/she posts the same drivel about EAs whenever they are slagged in any way. EAs ramp and lie - it's what they do to make more money. It's not the EA's house, despite the way they may act and speak to you. Edited July 16, 2009 by pie-eater Quote Link to comment Share on other sites More sharing options...
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