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shifty_FTB

Estate Agents

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called into an estate agents 2 weeks ago asking to view a 3 bed terrace in belfast. Was told that it has just been sale agreed that day yet there was no agreed sign attached to the front of where it was advertised in the estate agents. 2 weeks later and still listed at for sale, not sale agreed, and now the description has changed and says We advise that an offer has been made for the above property in the sum of £xx,xxx. Any persons wishing to increase on this offer should notify the agents of their best offer within the next 7 days.

so they lied about the house being sale agreed, and i bet the "7 days" are up even thought the change in decription notifying you of the situation only appeared recently.

probably kept it for someone they know

Edited by shifty_FTB

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called into an estate agents 2 weeks ago asking to view a 3 bed terrace in belfast. Was told that it has just been sale agreed that day yet there was no agreed sign attached to the front of where it was advertised in the estate agents. 2 weeks later and still listed at for sale, not sale agreed, and now the description has changed and says We advise that an offer has been made for the above property in the sum of £xx,xxx. Any persons wishing to increase on this offer should notify the agents of their best offer within the next 7 days.

so they lied about the house being sale agreed, and i bet the "7 days" are up even thought the change in decription notifying you of the situation only appeared recently.

probably kept it for someone they know

Check it isn't a repossession. Look through the windows to see if there are 'do not use' tapes across the gas fire etc..

They leave repos on sale even though someone is actually trying to exchange contracts on it. They will still show buyers round if they insist and the bank won't bat an eyelid if the original buyer gets gazzumped. The notice saying anyone wishing to offer more than the offered price is the agent trying to get a gazzumper interested. Offer less than the advertised price - you never know, the original buyer might get fed up and pull out leaving you as the best offer around. Don't whatever you do be tempted to gazzump, you only encourage the b@star*s.

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He could actually be correct. It is a repo and they may well have received the asking price and the repo man may have accepted it. However, as the orginal owner maybe liable for the shortfall between the agreed sale figure and the outstanding balance there are rules about the sale. Even if the figure is above the reserve figure the agreed sale has to be advertised basically to allow no comeback on the repo man.

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but the offer is 12% lower than the asking price

Thats fine, the repo man, just like any vendor is free to accept a lower value. Any orderany vendor can take the money and run. The Repo man is covered by certain rules to say he must advertise the sale.

Now you may have the point - that means the property is still on the market. That is technically true. However, from the EA's point of view he had a property to sell. He sold it at a price which the vendor has accepted. From his point of view job done and he no doubt wants to move on to the other 300 houses he has in his window.

You can still gazump the bid and even start a mini biding war. However, its hardly the last house on the shelf.

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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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