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Ea Frustration With Higher Offers

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Had a viewing the other day and got into an interesting discussion with the EA. She complained that there are too many would-be buyers out there over-offering, that vendors always go for the highest offer, and that this is leading to sales falling through when the mortgagee refuses to lend based on the prospective buyer's valuation. The uptick in buyers' confidence combined with vendors' greed is preventing proceedable offers from being accepted, so she's looking forward to sentiment turning negative again. Haven't heard an EA try to talk down the market before!

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Had a viewing the other day and got into an interesting discussion with the EA. She complained that there are too many would-be buyers out there over-offering, that vendors always go for the highest offer, and that this is leading to sales falling through when the mortgagee refuses to lend based on the prospective buyer's valuation. The uptick in buyers' confidence combined with vendors' greed is preventing proceedable offers from being accepted, so she's looking forward to sentiment turning negative again. Haven't heard an EA try to talk down the market before!

Well, she's showing more intelligence than most - either EAs or vendors.

db

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