What you do if the seller wants to trick you

  • Thread starter manojdhirde
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manojdhirde

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Hi all,

I went to see tht house of a seller in citywest. he was quoting €329,650 for that house. so i saw the house liked it and told him that i will give my decision tomorrow.

I replied positively and told him that i am ready for their asking price.

Then he started tricking me by saying that they quoted this price to attract customers and in actual they want €345,000 for thier house.

Any suggestions on how to deal with such foolish sellers.

Thanks,

Manoj
 
Either tell him what he can do with his house or make an offer at your original price.

He needs to realise that in todays market 'what he wants' and 'what he gets' aren't always the same!
 
Walk away - don't give them their price.

If you are dealing with their EA, tell them that you feel the house has been misrepresented, you feel messed around as a buyer and that you made your decision based on the original price.

Tell them that your original offer stands and if they want to do business with you it will be on that basis.

Don't hold out much hope for this house. It is very dissappointing but it seems some sellers believe they can achieve a price higher than the going rate.
 
Tell him that 345 still sounds cheap, that originally you were thinking in the region of 360K and that you have the mortgage approval already lined up. See if he'd then be interested in coming to some arrangement whereby you paid 350K but put 360K on the deeds so you could pocket the difference from the mortgage. If he's happy with this scenario then tell him to take a long hard look in the mirror to see what sort of sad individual he's turned in to. If email spam has thought me anything it's that greedy prople will do the most stupid things at the prospect of easy money.
 
Personally, I'd tell him my offer was now 325k, or 320k. Then ask him if he wants to haggle more.

Is this house so unique that you'd feel bad if you let it slip away? Are there unlikely to be anymore properties like this coming on sale?

You're holding the cards here. The days of swallowing this sort of sneakiness should be finished.
 
Go ahead and haggle with him. If you have to, in order to get the deal, agree to his higher demand.

He's feeling on top of the world. He will then go ahead and make plans,and put in an offer for his new house, safe in the knowledge that he has screwed you.

Just before you sign the contract, gazunder him. Tell him that house prices are falling and that you are not prepared to pay a cent over 325,000 and he can take it or leave it.

You hold all the aces. The market is falling. He's trying to be a smart ass, but in actual fact he's being stupid, getting your back up and trying to mess you round.

Play with him a bit, let him get his hopes up and believe that he has pulled a fast one on you, and then hammer him with a lower offer.


Murt
 
It's very simple, you tell him that that is your offer it wont change and is valid until Friday evening. This shows that you won't negotiate a price and also puts the ball back in his court to make a decision. You will have to be prepared to lose the house though, although if he doesn't take it, you could ring him next week and give him what he wants, but this way you can call his bluff - they're are not that many buyers our there at the moment.
 
Hi Manojdhirde,

The vendor you are dealing with sounds off the wall to say the least. Ask any vendor out their at the moment - to even get close to asking price and they would be delighted - for this guy to turn around and advertise a price and then say "oh yea by the way I was hoping to get 15,350 more". I personally wouldn't deal with him to be so greedy in the current climate but it is your call if it ticks all the boxes for you - go for it but not above the advertised price and certainly when there aren't any others bidding against you. There are so so many houses out their to choose from.
 
I am by know means defending this action but the E.A could have to take some of the blame.Recently sold house.I wanted to put the house on at certain amount.The E.A advised putting it on 15k lower "to get people in the door and then we will get the figure up".
I knew that people in the current climate are going to start the bidding about 10 % below asking and you end up meeting somewhere in the middle.
In the end just thrilled to get anywhere asking price(and so should yoour vendor) but firmley beleive would have got a few grand more if we had put it on at higher price.In a strange kind of way E.A'S could even be contributing to the falling prices??
 
City who?

With the market the way it's going, you could probably aim to be a bit nearer to the city centre.
 
Its funny how everyone here has been calling the vendor greedy, yet they seem to say in the same breath that you should stick him with with lower offers which could be argued is greedy too!

Why do people take it so personally, everyone selling their house is hoping for the maximum price. There was no mention of an EA in the OP so why the continued EA bashing?.
I would be wary of the doomsayers who take a very black & white view of the market and seek out a more balanced view before making such important financial decisions.

Just for curiosity, was the asking price very attractive, seeing as you went straight in at this price.
 
manojdhirde said:
Hi all,

I went to see tht house of a seller in citywest. he was quoting €329,650 for that house. so i saw the house liked it and told him that i will give my decision tomorrow.

I replied positively and told him that i am ready for their asking price.

Then he started tricking me by saying that they quoted this price to attract customers and in actual they want €345,000 for thier house.

Any suggestions on how to deal with such foolish sellers.

Thanks,

Manoj
Click to expand...

I see you have bought a house in Citywest.
http://www.askaboutmoney.com/showthread.php?t=67435
Was it the one you talk about in this thread?
What price did you get it for in the end?
 
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