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Estate Agent "offers"

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Do these clowns ever not have an "offer" on a property?

I went to see a place, a few days ago which had no interest in it, suddenly in those few days apparently there's been a couple of offers

I told the estate agent the vendor should accept one of them given the state of this market and put the phone down

Plonkers

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Do these clowns ever not have an "offer" on a property?

I went to see a place, a few days ago which had no interest in it, suddenly in those few days apparently there's been a couple of offers

I told the estate agent the vendor should accept one of them given the state of this market and put the phone down

Plonkers

If you're even moderately interested, call back and tell him you've reconsidered and would like to put in an offer. Just make sure (given your low bid) that you make it clear to him it's what you think the place is really "worth" and that your offer will only be on the table for, say, 2 weeks. Might encourage him to get realistic with the vendors and should help with flushing out the bulls*it

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Cheers, I was considering it but I'm not particularly keen. I'll have a think.

When I bought back in 1997, and 2001, the agents weren't playing this game at all. Vendors were willing to negotiate and everybody knew it. The buyers money was good, I was shown about with no pressure.

This market is as dire for sellers as it was then, if not more.

You have to be a right idiot to think you can jack about a cash buyer for a few extra notes in your back pocket right now.

Do they still think it's 2006 or something?

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Cheers, I was considering it but I'm not particularly keen. I'll have a think.

When I bought back in 1997, and 2001, the agents weren't playing this game at all. Vendors were willing to negotiate and everybody knew it. The buyers money was good, I was shown about with no pressure.

This market is as dire for sellers as it was then, if not more.

You have to be a right idiot to think you can jack about a cash buyer for a few extra notes in your back pocket right now.

Do they still think it's 2006 or something?

Think you're onto something there. The agents will play the bull*hit game for as long as they think they can get away with it, and will encourage their "clients" to do the same. Once they realise the game is up they will move over to our side because it will finally get through their thick skulls that that their survival depends on it. That's when the game gets "interesting" ;)

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Think you're onto something there. The agents will play the bull*hit game for as long as they think they can get away with it, and will encourage their "clients" to do the same. Once they realise the game is up they will move over to our side because it will finally get through their thick skulls that that their survival depends on it. That's when the game gets "interesting" ;)

I agree

Not getting away with it with me though. I know what that cash is worth ;)

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I agree

Not getting away with it with me though. I know what that cash is worth ;)

Good man :)

Remember though he needs to make sales to keep up the payments on his Saab,Bmw, slavebox etc. He'll arrive at reason when he's exhausted all other options.

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Cheers, I was considering it but I'm not particularly keen. I'll have a think.

When I bought back in 1997, and 2001, the agents weren't playing this game at all. Vendors were willing to negotiate and everybody knew it. The buyers money was good, I was shown about with no pressure.

This market is as dire for sellers as it was then, if not more.

You have to be a right idiot to think you can jack about a cash buyer for a few extra notes in your back pocket right now.

Do they still think it's 2006 or something?

Heh heh, the few remaining spikey haired wonders that are still employed today probably 'learnt their trade' during the boom at the turn of the decade. Thus the only sales techniques they ever developed were learnt in a rising market. As they are (with a few notable exceptions, such as Mildura) as thick as pigsh!te, they have probably not yet learnt that these 'tactics' will not work in a falling market.....

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I told the estate agent the vendor should accept one of them given the state of this market and put the phone down

:D

Awesome!! I once let go how much I go put toward a place, a lot more than most probably. So whilst not a cash buyer I had a good chance. The guy said I could get a 5% discount if haggled hard - yeah right... try 50%, pal... ;)

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If you're even moderately interested, call back and tell him you've reconsidered and would like to put in an offer. Just make sure (given your low bid) that you make it clear to him it's what you think the place is really "worth" and that your offer will only be on the table for, say, 2 weeks. Might encourage him to get realistic with the vendors and should help with flushing out the bulls*it

Yes, this is good advice. Really stick it to them and that limit will slowly grind away at them.

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Cheers, I was considering it but I'm not particularly keen. I'll have a think.

When I bought back in 1997, and 2001, the agents weren't playing this game at all. Vendors were willing to negotiate and everybody knew it. The buyers money was good, I was shown about with no pressure.

This market is as dire for sellers as it was then, if not more.

You have to be a right idiot to think you can jack about a cash buyer for a few extra notes in your back pocket right now.

Do they still think it's 2006 or something?

Bit of a bummer for those that already own and want to use the money from that in order to go toward the new house... what would you do? Just price it reaslistically and let it go? I think so..

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Isnt an offer only legally binding at the exchange of contracts. Can you offer a good price and not make good on it, ie give them the run around for months on end then pull out, in which time they will become throuroughly demoralised, the market will have crashed and you can make a new offer at half the original one.

Do they have any legal recourse for this?

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I told the estate agent the vendor should accept one of them given the state of this market and put the phone down

Plonkers

Can you imagine the expression on the EA's face? Priceless. :lol:

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I would think that most sellers are also buyers......so it is in the sellers best interest to drop their price on the place they are selling, then see that the place they are buying do the same....win win, less debt and fees for all has to be good for all, unless at the end of the chain, then they should be happy to walk away with the cash they do get if they end up with any...... ;)

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Isnt an offer only legally binding at the exchange of contracts. Can you offer a good price and not make good on it, ie give them the run around for months on end then pull out, in which time they will become throuroughly demoralised, the market will have crashed and you can make a new offer at half the original one.

Do they have any legal recourse for this?

No it is called gazundering or a version of it......No legal comeback but a moral one.

Much better to get the required discount on the first agreement rather than going down this road.

Not saying this path is not to be trodden such as a BTL investor who is trying to offload quickly and individually, but in the general run of things try and avoid.

One day you will own a property and will be wanting to sell it on. It seriously buggers up your lives for Months on end if someone tries to play this game with you.

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Where is this area that us up 20% on the peak I would like to confirm that. Are you in the UK?

Try E. Berks and N. Hants. Perhaps not as much as 20% but def. up on 2007 "peak".

So many people on here are talking about falling sales where they live. Not round here. :(

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<br />Think you're onto something there. The agents will play the bull*hit game for as long as they think they can get away with it, and will encourage their "clients" to do the same. Once they realise the game is up they will move over to our side because it will finally get through their thick skulls that  that their survival depends on it. That's when the game gets "interesting"  <img src='http://www.housepricecrash.co.uk/forum/public/style_emoticons/default/wink.gif' class='bbc_emoticon' alt=';)' /><br />

Different this time?

Banks own chains of EA's so manipulate the prices in each area. (Why so many still survive)

Like Land Banking, banks now have stockpiles of 'X' Thousands of houses they have been buying/supporting through their wholly owned 'shell' companies with which they also manipulate the markets. This is in conjunction with Govt subsidies to bankrupt home owners to keep them in their overpriced home without flooding the market

Banks also recently deliberately made excuses about some repo-owners suing them for selling in auction rooms at the real "Wot it's Worth Now" price and withdrew all houses to be only sold at the manipulated house price price in their EA shops (keeping prices far higher than needs be).

This is so Gen public have no idea how much the prices have reversed,

The Govt also manipulated house price, price by removing auction house price results(amongst others) from monthly National statistics which had been used for decades as an overall measure

- so you can see the direct manipulation and collusion going on between the money lenders and our Govt leaders (who they own) the tinkering b'stards

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<br />Hale, Cheshire.

Feast your eyes on that

It's up up up.

Cheshire > "Chester District"

"City of the Legions"

VV = 'Valeria Victrix' on the river DEE

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Try E. Berks and N. Hants. Perhaps not as much as 20% but def. up on 2007 "peak".

So many people on here are talking about falling sales where they live. Not round here. :(

mid and south Hampshire is also very buoyant in the nice areas ie on coast and in decent hamlets ...yet in some other rougher areas of Southampton Portsmouth and winchester prices are falling whilst in Hamble bursledon and other sailing towns villages Prices are loopy. Likewise central pompy is holding up yet central Southampton some isstruggling and dropping and also some of the less desireable parts of towns down here

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Different this time?

Banks own chains of EA's so manipulate the prices in each area. (Why so many still survive)

Like Land Banking, banks now have stockpiles of 'X' Thousands of houses they have been buying/supporting through their wholly owned 'shell' companies with which they also manipulate the markets. This is in conjunction with Govt subsidies to bankrupt home owners to keep them in their overpriced home without flooding the market

Banks also recently deliberately made excuses about some repo-owners suing them for selling in auction rooms at the real "Wot it's Worth Now" price and withdrew all houses to be only sold at the manipulated house price price in their EA shops (keeping prices far higher than needs be).

This is so Gen public have no idea how much the prices have reversed,

The Govt also manipulated house price, price by removing auction house price results(amongst others) from monthly National statistics which had been used for decades as an overall measure

- so you can see the direct manipulation and collusion going on between the money lenders and our Govt leaders (who they own) the tinkering b'stards

I'm totally with thinking this level of market manipulation is going on. Something certainly doesn't add up in the housing market.

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UPDATE: The EA rang to "discuss" the property again. Conversation went something like this:

EA: You seemed to like the property?

Me: I did, but you said there had been a couple of offers on it

EA: Yes, there's been some offers on that property

Me: So it's pretty much sold then

EA: No, no-ones offered at the asking price yet!

Me: But the impression I got was that it was pretty much a done deal

EA: No! the seller is still considering offers

Me: Would they consider it if I made an offer near the asking price?

EA: Oh Yes!

EA: I'm sure they'd be quite happy if you want to make an offer like that

EA: Do you want to go ahead?

Me: No, I've seen similar properties for quite a bit less

Me: I'm considering offers on them at the moment

EA: :huh:

Me: I'll get back to you

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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