Alfie Bear Posted August 27, 2010 Share Posted August 27, 2010 We've seen a house we like, but based upon comparables and price per sq ft etc.., it's at least 15% overpriced. I offered 20% below the asking price and not surprisingly was rejected. Anyhow the agent let slip which house the vendors want to move to (which remains on the market, albeit 'under offer'). This house is listed with the same agent, and hence if they sell the house we like they will effectively ensure two commissions so they are clearly keen that the house sells quickly. I'm thinking of viewing and then expressing a very keen interest in the house the vendors wish to move to - it is nearby and also within our budget (so we are perfectly entitled to ask to see it). I would then put in a good offer on that house, and what's more mine would be 'chain-free' unlike theirs. This would hopefully serve to persuade the vendors to sell me their house at my offer price (or near to it), else they risk losing their dream house (to me). Admittedly the key is to ensure you appear credible about buying the second property (which I'm probably not as it's too big for what we need), but is there any ethical argument not to proceed on this basis? What would I have to lose? Quote Link to comment Share on other sites More sharing options...
General Congreve Posted August 27, 2010 Share Posted August 27, 2010 (edited) We've seen a house we like, but based upon comparables and price per sq ft etc.., it's at least 15% overpriced. I offered 20% below the asking price and not surprisingly was rejected. Anyhow the agent let slip which house the vendors want to move to (which remains on the market, albeit 'under offer'). This house is listed with the same agent, and hence if they sell the house we like they will effectively ensure two commissions so they are clearly keen that the house sells quickly. I'm thinking of viewing and then expressing a very keen interest in the house the vendors wish to move to - it is nearby and also within our budget (so we are perfectly entitled to ask to see it). I would then put in a good offer on that house, and what's more mine would be 'chain-free' unlike theirs. This would hopefully serve to persuade the vendors to sell me their house at my offer price (or near to it), else they risk losing their dream house (to me). Admittedly the key is to ensure you appear credible about buying the second property (which I'm probably not as it's too big for what we need), but is there any ethical argument not to proceed on this basis? What would I have to lose? There were three bee keepers at a bee keeping conference and they got talking. The first said, "I keep 100,000 bees in 5 hives." The second said, "Interesting, I keep 200,000 in 10 hives, 20,000 per hive, same as you, I feel it works best for them". They both nod and agree before turning to the third bee keeper, "How about you?" He replies "Well I've a million bees and one hive." "What?" replied the other two bee keepers, "You keep a million bees IN one hive?" The third bee keeper replies, "Yeah, they're only bees, f4ck 'em". It's a nice idea, go for it. All you're doing is trying to force their hand so they sell at the real market rate. F4CK 'EM!!! Edited August 27, 2010 by General Congreve Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted August 27, 2010 Share Posted August 27, 2010 There were three bee keepers at a bee keeping conference and they got talking. The first said, "I keep 100,000 bees in 5 hives." The second said, "Interesting, I keep 200,000 in 10 hives, 20,000 per hive, same as you, I feel it works best for them". They both nod and agree before turning to the third bee keeper, "How about you?" He replies "Well I've a million bees and one hive." "What?" replied the other two bee keepers, "You keep a million bees IN one hive?" The third bee keeper replies, "Yeah, they're only bees, f4ck 'em". It's a nice idea, go for it. All you're doing is trying to force their hand so they sell at the real market rate. F4CK 'EM!!! I agree. My old business partner used to say "you will probably never see em again in your life". Do what's best for you. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted August 27, 2010 Share Posted August 27, 2010 We've seen a house we like, but based upon comparables and price per sq ft etc.., it's at least 15% overpriced. I offered 20% below the asking price and not surprisingly was rejected. Anyhow the agent let slip which house the vendors want to move to (which remains on the market, albeit 'under offer'). This house is listed with the same agent, and hence if they sell the house we like they will effectively ensure two commissions so they are clearly keen that the house sells quickly. I'm thinking of viewing and then expressing a very keen interest in the house the vendors wish to move to - it is nearby and also within our budget (so we are perfectly entitled to ask to see it). I would then put in a good offer on that house, and what's more mine would be 'chain-free' unlike theirs. This would hopefully serve to persuade the vendors to sell me their house at my offer price (or near to it), else they risk losing their dream house (to me). Admittedly the key is to ensure you appear credible about buying the second property (which I'm probably not as it's too big for what we need), but is there any ethical argument not to proceed on this basis? What would I have to lose? Yeah, do it! You could also get a good friend to view the house you want and then make an offer of 25% below asking. When rejected they must then make it clear they believe that's all it's worth, that it's a fair offer in a falling market and refuse to increase the offer, muttering about plenty more fish in the sea. Quote Link to comment Share on other sites More sharing options...
jaynewcastle Posted August 28, 2010 Share Posted August 28, 2010 Why don't you just buy the house you want to buy, instead of pissing about playing stupid games ?. Quote Link to comment Share on other sites More sharing options...
Mal Volio Posted August 28, 2010 Share Posted August 28, 2010 Why don't you just buy the house you want to buy, instead of pissing about playing stupid games ?. ^Some merit in this I wonder if all this games-playing mightn't just piss off the EA and vendor sufficiently that you can kiss goodbye to the house. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted August 28, 2010 Share Posted August 28, 2010 Why don't you just buy the house you want to buy, instead of pissing about playing stupid games ?. Did you not read the first post? It's because it's 15% overpriced and the stupid vendors are holding out instead of accepting his offer. Quote Link to comment Share on other sites More sharing options...
hirop Posted August 29, 2010 Share Posted August 29, 2010 Why don't you just buy the house you want to buy, instead of pissing about playing stupid games ?. as opposed to the stupid games each and every ea plays attempting to extract the best price for the vendor? Quote Link to comment Share on other sites More sharing options...
Frenchie73 Posted August 29, 2010 Share Posted August 29, 2010 as opposed to the stupid games each and every ea plays attempting to extract the best price for the vendor? That's the game the EA are playing with me right now. Quote Link to comment Share on other sites More sharing options...
Mal Volio Posted August 29, 2010 Share Posted August 29, 2010 That's the game the EA are playing with me right now. So don't let them. Walk away. The OP on this thread is suggesting using the same or even more convoluted tactics; better on my view to leave them to it. If the house sells for more than you wanted to pay, then you'd not have got it anyway. If not then you can come back on good faith and buy it. Quote Link to comment Share on other sites More sharing options...
Frenchie73 Posted August 29, 2010 Share Posted August 29, 2010 So don't let them. Walk away. The OP on this thread is suggesting using the same or even more convoluted tactics; better on my view to leave them to it. If the house sells for more than you wanted to pay, then you'd not have got it anyway. If not then you can come back on good faith and buy it. Yes, that's a very good advice. I'll do just that Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 31, 2010 Share Posted August 31, 2010 You'll find no ethics here... You're on HPC.co.uk! I agree with everyone else do what's best for you, f*ck everyone else. But don't piss the agent off as that might not be best for you. Quote Link to comment Share on other sites More sharing options...
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