Following Advice on house hunting Page 266

  • RunningMan 29 Dec 2020 19:06:17 3,081 posts
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    @ZuluHero, that's terrible. I would have done exactly the same as you if I was buying. Perfectly acceptable if a survey comes back with this. I'm selling my house and if a survey comes up with a feature like like then, I'll lower the selling price. Having said that, last time I sold buyer wanted 170 quid off a 300k sale for a single brick to be repointed and I just refused that one.
  • Zerobob 29 Dec 2020 19:59:27 2,939 posts
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    ZuluHero wrote:
    I was buying a property for 278k and asked for a 3k drop after paying for an asbestos report, searches and getting quotes based off a survey (3k would only cover the red points, not the orange) and the seller pulled out saying I was too much hassle!

    Then I tried to buy another place from the same estate agent, and they said they wouldn't put forward any offers from me unless I paid a non-refundable 3k fee (notice its the same amount I asked for a reduction) to prove I was a "serious buyer". What a douchebag.

    I'm still in the process of looking for a place. Thankfully we completed on our sale, so we're in a better position now, but being essentially blacklisted with one agent, it's limiting our options when stuff comes on the market.

    All that said, I would still try and renegotiate based off a survey. House buying is expensive enough, without unexpected costs when you just move in.
    That is utterly ridiculous. Estate agents have far too much power because they're able to operate completely unregulated. They should simply advertise the property and facilitate the sale, not discriminate against buyers.

    The worst thing is the way estate agents conduct a public auction and invite people to outbid each other and then, when the price has been suitably inflated, announce they're going to "best & finals" to settle it. This should be illegal because they're holding 2 auctions back-to-back for a single item. They should be forced to select the method of sale up front and opt for either public bids, or sealed bids. Not both.

    This happened on every house I offered on when I was buying. After losing out on a few properties I was forced to play the game and offer way over the asking price to secure a 3 bed terrace.

    Moreover, estate agents could easily manufacture false interest and false bids on a property, and you'd have to take their word for it. I've no idea if the people I was bidding against even existed, or their initial bids were real.

    A work colleague even admitted that an estate agent that he knew personally told him the highest bid in sealed bids situation, and allowed him to bid slightly higher to secure the property. This is how they're allowed to operate.
  • IJ 29 Dec 2020 20:32:40 1,023 posts
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    I thought it was illegal for an estate agent not to reflect an offer to their client? Might be worth a Google.
  • Technoishmatt 29 Dec 2020 20:42:24 5,163 posts
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    We got our place thru a double auction. We offered asking price initially, then added 35k and change to make it non round with a nice cover letter.

    I did trust this estate agent tho, but for most others I have met there is huge scope for them to play silly buggers.

    We didnt actually put in the highest offer but were chain free and the sellers liked us. One of the losing bidders actually came round to say hi at one point. They had clearly offered more, thinking we had too as the final sold price was lower than they thought it was, and they assumded it was because we found something in the survey.
  • askew 29 Dec 2020 20:45:34 23,262 posts
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    That's quite a chunk over asking price…
  • Technoishmatt 29 Dec 2020 20:48:53 5,163 posts
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    Not in these woods :(
  • Dirt3 29 Dec 2020 20:54:01 1,625 posts
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    ZuluHero wrote:
    I was buying a property for 278k and asked for a 3k drop after paying for an asbestos report, searches and getting quotes based off a survey (3k would only cover the red points, not the orange) and the seller pulled out saying I was too much hassle!

    Then I tried to buy another place from the same estate agent, and they said they wouldn't put forward any offers from me unless I paid a non-refundable 3k fee (notice its the same amount I asked for a reduction) to prove I was a "serious buyer". What a douchebag.

    I'm still in the process of looking for a place. Thankfully we completed on our sale, so we're in a better position now, but being essentially blacklisted with one agent, it's limiting our options when stuff comes on the market.

    All that said, I would still try and renegotiate based off a survey. House buying is expensive enough, without unexpected costs when you just move in.
    If I were you and I saw a house I wanted with the agent that you are persona non grata with I would go to the house direct and put a request to view through their letter box.
  • askew 29 Dec 2020 21:31:57 23,262 posts
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    Technoishmatt wrote:
    Not in these woods :(
    Heh, I thought to myself, "perhaps they're spending a mil or something"
  • ZuluHero 29 Dec 2020 23:21:09 10,162 posts
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    @IJ

    It's considered unethical by '95% of agents' but not illegal apparently:

    https://amp.theguardian.com/money/2017/feb/04/estate-agents-ask-homebuyers-pay-up-pre-contract-deposit
  • ZuluHero 29 Dec 2020 23:21:47 10,162 posts
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    @Dirt3

    I have actually thought of doing exactly that.
  • fontgeeksogood 29 Dec 2020 23:25:43 12,913 posts
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    Post deleted
  • fontgeeksogood 29 Dec 2020 23:27:36 12,913 posts
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    Have you got proof of this shady bollocks? I would get in contact with the vendors and then fuck the agents as much as I could on the internet and other media
  • ZuluHero 30 Dec 2020 00:27:32 10,162 posts
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    Only a verbal conversation, but as I told him where to go it never went any further.

    Now you've said, I should have got him to put it in writing and then passed it on. But really I don't have it in me to fight it.

    My line of thinking is that I don't really want to deal with him or his firm, so once the dust has settled and I have a new home, I'll just put bad reviews on Google maps as an outlet.
  • ZuluHero 30 Dec 2020 00:33:11 10,162 posts
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    Incidentally, we're viewing a place tomorrow, so hopefully we'll have a chance to buy something soon.

    It's been a fierce market and slim pickings. Offered 10k over asking on a place just before Christmas, and even being in a roving monthly rental, having a large deposit, solicitor in place and mortgage set up, still lost out.

    People thought there'd be a price crash due to corona but its been the opposite.
  • Psychotext 30 Dec 2020 03:07:25 70,079 posts
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    /laughs into garden and massive, massive debt.
  • elstoof 30 Dec 2020 08:21:20 27,192 posts
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    Estate agents are legally obliged to pass any offer to the vendor

    https://www.gov.uk/buy-sell-your-home/estate-agents

    They can ask for a deposit, but your refusal to pay one shouldn’t change the law. Report the cunt to the ombudsman.

    When I sold my house the agent once called me up embarrassed about an “offer” that he had to inform me of, from some crank who kept offering about 20% of the asking price on every house that came to market. Even sent it in writing, must cost a tidy sum in stamps

    Edited by elstoof at 08:30:49 30-12-2020
  • Dougs 30 Dec 2020 08:34:28 99,139 posts
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    Wow, that's some proper cunty stuff. I'd have first gone to the head of the firm and complained, then to the vendor directly. What a cock. As for the vendor of the first place, his loss. If that's his attitude, goodness knows what else you may have unearthed.
  • Technoishmatt 30 Dec 2020 08:51:18 5,163 posts
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    I had to jump through a couple hoops to show we were serious but they were pretty reasonable - had to talk to an unaffiliated third party financial advisor to go through our financials within a day for him to agree we were able to afford the house, and then we had to schedule a survey within a week. Seeing as a survey costs like a grand, that was to give piece of mind we were serious.
  • jrmat 30 Dec 2020 09:08:41 277 posts
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    When we got our place market was better. Asking price was 270, new on market, we offered 250, accepted. Several weeks later estate rang to say they'd had an offer of an extra 5. This would take it over the 250 stamp duty threshold. We were peeved to say the least. We didn't offer to match it but left a message with the agents at the weekend to say we wouldn't be changing our offer but would stick to the agreed and they needed to let us know asap as we had other irons in the fire. A bluff. We got a call first thing on Monday from the agents saying they were going to stick with 250 after all.

    I went to visit a mate who had injured himself. His grandparents were there and I shared the sorry with them. They said it was the agent trying it on. They told me a story when they'd been told the seller wanted an extra 2. They knew the seller and asked him when he wanted an extra 2. He had no idea what they were talking about. They contacted the agents who said there must have been a mistake. Mental.
  • elstoof 30 Dec 2020 09:18:21 27,192 posts
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    How do you know when a estate agent is lying etc
  • fontgeeksogood 30 Dec 2020 09:24:28 12,913 posts
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    I've had experiences with genuinely decent, morally and ethically sound estate agents (as well as loads more with shiny suited snakes).

    The genuinely decent ones were absolutely rushed off their feet and didn't need to advertise (other than for sale boards)
  • elstoof 30 Dec 2020 09:31:06 27,192 posts
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    Tbf I’ve generally had decent dealings too but I suspect London is a different kettle of fish to the rest of the country. Foxtons are the only ones who’ve tried to rip me off, everyone else has worked ther bollocks off to get the deal over the line
  • sport 30 Dec 2020 09:44:12 16,849 posts
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    elstoof wrote:
    Tbf I’ve generally had decent dealings too but I suspect London is a different kettle of fish to the rest of the country. Foxtons are the only ones who’ve tried to rip me off, everyone else has worked ther bollocks off to get the deal over the line
    Bloody hell, how many properties do you own pal?!?
  • Dougs 30 Dec 2020 09:47:35 99,139 posts
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    :D

    Only sold 1 house and bought 2, the last purchase being a private purchase. Was much easier as a result.
  • elstoof 30 Dec 2020 09:50:10 27,192 posts
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    Me personally or the Trust
  • mrpon 30 Dec 2020 09:53:17 37,176 posts
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    I'd sell mine again with Purple Bricks, no agents at all - £800. Did the viewings/negotiations myself. Not for everyone of course.
  • robc84 30 Dec 2020 09:56:41 15,304 posts
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    The agents we used to sell our flat were brilliant. A couple of local guys who set up their own business. Do loads of stuff in the community to support local businesses. Always up front and honest in their dealings. When they set up they wanted to differentiate themselves from the standard untrustworthy estate agent image and they have been really successful.

    The ones we bought our house through... just awful.
  • Bichii 30 Dec 2020 09:58:31 4,541 posts
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    Ahhh it must be lovely owning your own house AND paying half the monthly cost it is to rent. Pretty much everyone I know have houses that are twice the size or more of mine and pay about half what I do. I love it, makes me all warm inside that we have such a backward system in the UK.
  • Dougs 30 Dec 2020 10:01:21 99,139 posts
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    Dunno about anyone else, but my mortgage is similar to what the rental cost would be. When you manage to get on the ladder and any equity gains key to getting the mortgage low. I bought my first house quite late and have been playing catch up since. Others who bought in their 20s are in a much better position
  • fontgeeksogood 30 Dec 2020 10:02:10 12,913 posts
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    mrpon wrote:
    I'd sell mine again with Purple Bricks, no agents at all - £800. Did the viewings/negotiations myself. Not for everyone of course.
    I've always been of the opinion that few people can show people around your home better than you. If you also have a personable way around people plus rudimentary negotiation skills, then I think this plus paying for a pro photographer (specialising in house staging) is cheaper and quicker way to get it done, market depending
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