welcome to the world of private treaty sales, everyone has this fear, i have previously suggested that buyers ask the auctioneer for the vendors solicitor to confirm bids, some solicitors will do it especially in this market. they can do it by asking the existing bidder to put it in writing to the vendors solicitors. sounds confusing but it can work especially if the vendor is keen to get a higher bid
Hi All,
Interesting in a house but haven't put any offer down yet. Before viewing, agent said there were no offers down on it but now he said there is one and they're very keen to buy.
How do I know if it's a bluff?
Do I put in a lower bid, thinking that there is no other bidder?
Do I increase the bid he says the other party have?
Thanks,
B.
i bought my house a year ago , i offered estate agent x amount below listing price , she came back 3 times saying the owner wouldnt sell
with that a neighbour i know told the owner i made 3 offers and she came to meet me personally and said the estate agent never called her at all
and i end up getting it 20k cheaper
go to the owner urself and offer a price without estate agent and negotiate a good price
That story makes absolutely no sense so presuming truth I would say its the exception rather than the rule.
Likewise, they wouldn't wish to be seen as the one who fails to close the sale because the prices are too high.However, could it be the case that in areas where several EA's are competing for business that it is in all their interests to keep prices high?
Each EA would not wish to be seen as the one who achieves the lowest prices for fear of losing future business.
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