estate agents

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

im in charge of selling a house which isnt mine.
In theory the estate agent is acting on my behalf.
I want to get the best price for the house.

The estate agent thinks i should decide between two offers now rather than waiting for more offers to come in, even though its only been on the market a week or two.

I suspect, that he just wants to get it sold so its a sale, off his books so he can concentrate on viewings for the other properties he is selling.

However he might be right that we wont have offers much better.

I have never sold a house before.

Has anyone else got the impression with estate agents that they just want to make a quick sale rather than getting the best price for their clients ?

edit, now a third offer has come in with the same figure as the other two (while i was typing this post)
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Paul@125power · Could Be A Chat Bot Joined: 01 Mar 2006 Karma :

Generally yes, but at this point I would take the advise. House prices are starting to fall again after the past few years of general increase in property prices.

So my advise would be to sell because since the prices are on the fall there well might be a price crash due. So sell now just incase.

Thumbs Up

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IronMaiden · Trackday Trickster Joined: 15 Nov 2005 Karma :

I need a house ! Details please.. Razz

If you already have 3 offers that sounds pretty encouraging.
Is their offer lower than what you are asking? If you can afford to wait longer for a higher offer then I would do that.

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

there are two buyers with no chain

one has already had their finances checked out so we know they have the cash, it will take a while to check out the other one

the third havnt got their house on the market and would need to sell it to buy

the estate agent just called, and the ones with good finances have offered another £10k to get it to the asking price but the catch is this offer only stands for today, so i have to decide by 4:30 whether to accept or not

they have lost out on a house before so I dont think they want to lose this one, as not many come up for sale of the type they want

im tempted to play hardball and stick to the offers in by next week plan so that the others have a chance, but im not sure how serious the others are. so could lose out
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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

TOM M · World Chat Champion Joined: 18 Mar 2005 Karma :

Id accept the offer Thumbs Up

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map · Mr Calendar Joined: 14 Jun 2004 Karma :

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

i feel like im doing phone a friend on who want Who Wants to be a Millionaire.

feels good but the pressure is on
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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

fast_tzr · World Chat Champion Joined: 02 Jul 2005 Karma :

Well what did you decide? I personally would have gone for the people with good finances, they offered the asking price, and are the most likely to pay quickly.

michael j · World Chat Champion Joined: 14 Jan 2006 Karma :

So, what did you do?
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m99dws · World Chat Champion Joined: 09 Jun 2004 Karma :

We changed our estate agents as they were sending out muppets who weren't even ready to buy, even when we specified not to.
I'd take what you can get, as it's a buyers market not a sellers.

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

i decided to stick with the original plan of best offers by tuesday.

Im not 100% sure that we will get more.

The original estate agents only wanted £250k for it, so more aggressive pricing at £285k got us the £275k offers.

If we miss out on £285k and just get £275k its still better than £250k.

It needs work, but not many houses like it come on the market very often. The ppl who offered £285k today (for today only) lost out on a £300k one a few weeks ago, so they might not want to miss another.

It still seems a bit early to close on tuesday as it will only have been on the market for 3 weeks and its not like there is a rush to get a sale.
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IronMaiden · Trackday Trickster Joined: 15 Nov 2005 Karma :

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

yeah its a good site

i think most estate agents in the country use it

one tip tho, on the search page, tick the box that says 'Include Under Offer, Sold STC and Reserved properties'

its useful to see the ones that have sold, and the ones that are under offers. You can still make an offer on houses that are 'under offer'. Why they take them out of the main listing just cos there are some offers on one, i dont know. It annoys me as someone doing a fresh search in the area of the house Im selling, wdnt see it unless they tick this box because its under offers.
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G · The Voice of Reason Joined: 02 Feb 2002 Karma :

Sorry, but have you got it up for £285k and been offered £285k Confused

.

If so, I'd have taken it - doubt anyone's going to offer more than you have it up for Neutral

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Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

Annabella · Like a person, only smaller Joined: 03 Feb 2002 Karma :

Playing potential purchasers off each other in order to get the best price.

Gazumping is frowned upon.

I would have taken the asking price - you'll never get offered more than the asking price.
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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :