Author Topic: Some bidding advice  (Read 4627 times)

Offline T_J_G

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Re: Some bidding advice
« Reply #20 on: 18 July 2012, 19:15 »
That'll be the best move. Or get things up and running as quickly as possible. Ask any mortgage advisors/solicitors which banks are taking longest to arrange mortgages. Remember whoever has the best rates probably has the most work on so in theory could take longer.

Offline Raffe

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Re: Some bidding advice
« Reply #21 on: 18 July 2012, 20:22 »
Basically means you can be gazumped at any time by someone willing to offer more or a cash buyer.

I would personally try to get them to agree to take it off the market or not accept any further viewings.

Agreed, you need to get it off the market sharpish as you can end up spending money on a potential new house which you can lose.

The house buying/selling system in the uk sucks balls, went through our most recent move 2 years ago and would not want to do it again for some time.

On the positive, congrats on finding your new dream home :cool:
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Offline bob23

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Re: Some bidding advice
« Reply #22 on: 19 July 2012, 00:09 »
With out sounding like a nobb

Its £4  :lipsrsealed: if you want it that bad im sure you can stretch to secure winning it  :smiley:

I thought this!! Jesus I would have given you the £4  :laugh:

Perhaps meet in the middle and say that is your final offer. Then both of you are a winner.  :undecided:

you can give me that £4



On bidding advice... don't listen to me, (i am scrounging £4 after all!)

:grin: :grin: :grin: Do you need £4 that badly?

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Offline haf1zur

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Re: Some bidding advice
« Reply #23 on: 19 July 2012, 07:13 »
Thanks everyone

I have no idea about buying a property, being a first time buyer and all

Have made an appointment for monday to see the broker for arranging the survey

Offline Agreeable Slick

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Re: Some bidding advice
« Reply #24 on: 19 July 2012, 08:48 »
I'm in the same boat.

I have however lived on the moneysavingexpert forums for the last ~6 months. Picked up a whole wealth of information from there and putting it to use has got me some way in to being able to play an EA at their own game.

Typical phone call when they know you are a FTB'er is to say another person has put an offer in slightly higher than yours. Convenient isn't it as it's generally within a week of your offer.

Basically, you hold all the cards when buying so give the EA a hard time, or refuse to play games and just say this is your final offer take it or leave it. The beauty is that you can carry on looking until something suitable comes up. Even looking with the same EA makes them realise you are serious and believe me they want their fee for selling a house.

Bargain hard. It's a business transaction not a friendly chat with a friend.

Offline R32UK

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Re: Some bidding advice
« Reply #25 on: 19 July 2012, 09:40 »
exactly.. its a buyers market. selling is much harder than buying at the moment. estate agents are 10 a penny and let yours know that if you dont receive the level of service you require you will make the seller aware of this... all in a friendly manner of course.  :wink:

Offline Agreeable Slick

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Re: Some bidding advice
« Reply #26 on: 19 July 2012, 09:57 »
Also worth mentioning is that you do NOT have to have any kind of formal qualification or certificate to set up as an Estate Agent. So don't let them bully you with jargon.

In fact, one phone call I had with an estate agent was her trying to convince me about what a house was worth in comparison to the offer I put in. I placed my offer just under what other houses had sold for and she went off on one about how it would be an insult and houses in the area were selling for much more comparitively.

I explained that it didn't matter what she said, I had done my research and this was my offer. She wasn't selling the house, the vendor was, and under law she has to put my offer forward to the vendor. She abruptly hushed up.

She called back last week (about 3 months after my initial offer) with her condescending tone explaining how they had an offer accepted on the house at just under asking price and how it was all done and dusted with a single viewing.

I cut her short saying congratulations to the vendor, but I've already begun proceedings on a much nicer house in a better area for less than the offer I placed on theirs. Again, she went quiet and said her goodbyes.

EA's = bottom dwellers.

Offline R32UK

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Re: Some bidding advice
« Reply #27 on: 19 July 2012, 10:06 »
thats not entirely true... any good high street estate agent will ensure all EA's are put through standard exams. Although they are not compulsory, may are now enforcing this as a company rule.

The truth is the EA plays a very small but important role... make clear from the offset you will not be messed about (in a nice way of course  :kiss: )

Offline golf-sib

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Re: Some bidding advice
« Reply #28 on: 19 July 2012, 10:12 »
The thing I hate with estate agents is when they advertise houses as such:

Property A 130-150k
Property B 250-320k
Property C 180-230k

Thanks for letting me know, I can't wait till i see one saying 0-1,000,000 one day.


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Offline T_J_G

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Re: Some bidding advice
« Reply #29 on: 19 July 2012, 18:57 »
I hate that too saw a few like that. I suppose it draws in more people but potentially puts some off! Especially when the vendor accepts an offer a few k more than the base price :lipsrsealed:
« Last Edit: 19 July 2012, 19:02 by T_J_G »