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Bankside

Unscrupulous Ea?

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Just how many "we are in receipt of an offer of £????? for this property. Anyone wishing to place a higher offer must do so ASAP". can one property have fall through? There's something very fishy about this one.

http://www.rightmove.co.uk/property-for-sale/property-29296886.html

For those without Property Bee here's the history

History

date event

29 September 2010

* Brief Description changed: We are Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated in receipt of an offer of £285,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. ... a popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... [Found by n/a]

* Price changed: from '£314,950' to '£299,950' [Found by n/a]

* Brief Description changed: Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated We are in a popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... receipt of an offer of £285,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. ... [Found by n/a]

* Brief Description changed: We are Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated in receipt of an offer of £285,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. ... a popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... [Found by n/a]

29 July 2010

* Brief Description changed: Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated We are in a popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... receipt of an offer of £285,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. ... [Found by n/a]

21 July 2010

* Price changed: from '£324,950' to '£314,950' [Found by n/a]

17 June 2010

* Brief Description changed: Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated in a p... popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... [Found by n/a]

01 May 2010

* Brief Description changed: PUBLIC NOTICE -8 Monmouth Road - We are in receipt of an offer of £325,000 £305,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated in a p... [Found by n/a]

30 April 2010

* Brief Description changed: PUBLIC NOTICE - 8 -8 Monmouth Road - We are in receipt of an offer of £305,000 £325,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated in a p... [Found by n/a]

27 April 2010

* Brief Description changed: Victorian three bedroom (plus study) mid terrace house suitable for refurbishment situated PUBLIC NOTICE - 8 Monmouth Road - We are in a popular side road within a few minutes walk of Gloucester Road. The house whilst cosmetically tired offers scope for refreshing of decoration, new kitchens and bathrooms or more extensive refurbishment... receipt of an offer of £305,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. [Found by n/a]

07 April 2010

* Initial entry found. [Found by n/a]

Bankside

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Anyone wanting to spend that amount on that is welcome! I see alot of this where I am, and similarly, I regard anyone making such offers as either ridiculously cash rich or stupid.

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You dont have to put in a higher offer.

Feel free to put in a much lower offer and point out you actually have the funds and can proceed.

Why do people take as read what estate agents say, I like to work to the ethos of...listening to what a lying scum sucking leech estate agents says...then think the opposite,

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That does appear to be a weird and very fishy attempt at manipulation - so they had an offer of 325, and were touting for more, then it mysteriously changes to 305, which is clearly more attractive than the 325 offer, but were still touting for more, and then they had an offer of 285? So what happened to the other 'offers' then? Did the 'offerees' pull out?

Print out Property Bee info and send to EA with request for clarification.

Never seen that before.............tsk tsk.....

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I've seen more of these cases and have started wondering whether or not all houses with "public notice of offer received" are valid repossessions to be honest. No clue how to check this though.

As a sideline I know this street very well (good street to live in!). This specific house definitely came on the market as a multi-agency, so might be a valid case. Although I do have the feeling it was standing empty for some time before it came on the market, but that might be because an older person moving to care and family cleaning out?

*) it does give real pleasure that the house that achieved the highest price on that street, while I was thinking it would never sell for asking is now back on the market. Seems that some people did overstretch....see http://www.rightmove.co.uk/property-for-sale/property-31072436.html :D

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Maybe the previos offerees were discovering something about the property they didn't like. Structural problems? Or mortgage problems?

Or (to quote a film I've just seen) "Maybe aliens abducted them" (the prospective purchasers).

tim

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It really is a concern that eas can get away with this and there is one reason for it, lack of transparency. Not really sure what the best solution is, but something along the lines of all offers being submitted to an independent body would soon sort this out. It is vital that people have faith in those that work in the industry.

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