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10 Feb 20, 02:46 PM |
#1
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Imagineer
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Suspected fake house offers
Hi all.
We went to see a house on Friday at 2.30pm. It needed a lot of work and has been on the market since August last year. We were told they had received an offer for £110k from a developer early on in the process, which they would not consider. We asked if they had received further viewings etc, and was told no, the condition if the house was very off putting. We placed an offer of £114k on Friday afternoon, and they came back at 9am this morning, saying their absolute rock bottom was £118k, which we debated and decided to accept. Bizarrely then 2 minutes later the phone rings again, your offer has been outbid, someone has offered £118.5k. This seems very odd to me, as the estate agent was telling us how with no central heating and no inside toilet they couldn’t get people to come visit. They reckon they managed to do a second viewing between us leaving the property at 3pm Friday and 9am this morning, unlikely, but possible I’m sure. Just seems a bit like we’re being taken for a ride, and they are trying to drive us up. How odd
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Mitch xx |
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10 Feb 20, 02:50 PM |
#2
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Imagineer
Join Date: Sep 08
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I'm afraid I would walk away x
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Calabay Parc Nov 08 Crowne Plaza New York 2009 Orange Tree Nov 2010 DLP Aug 2011 |
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10 Feb 20, 02:56 PM |
#3
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Imagineer
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I would withdraw the offer of 118k and say 114k is still on the table if things don't work out with new bidder and we haven't found an alternative, but 114k is now our only and final offer.
Not worth getting in to a bidding war.
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”Change the way you look at things & the things you look at change” |
10 Feb 20, 02:57 PM |
#4
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Imagineer
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10 Feb 20, 02:59 PM |
#5
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Imagineer
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I agree it sounds like they are playing games if you don’t have your heart set on the place I’d do the same as Stu.
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My baby blue |
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10 Feb 20, 03:01 PM |
#6
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Thread Starter
Imagineer
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They are saying it’s not the developer, but a different person who has viewed it since, just seems really unlikely is all as the estate agents were finishing up shortly on Friday afternoon, then rang us sat morning to say that the vendors were having a family meeting.
Just seems fishy to me that’s all.
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Mitch xx |
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10 Feb 20, 03:05 PM |
#7
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Imagineer
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It’s only worth what it’s worth to you. If you feel the house warrants a higher price then counter bid, if not walk away
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10 Feb 20, 03:05 PM |
#8
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Imagineer
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How much is the house on the market for?
For an investor they probably have time to wait so maybe hoped to wait them out hoping no one else would be interested and getting it for a lower price. I have been on the other side of this situation and this sort of situation genuinely happened with 2 people on the same day putting their offers in. No-one puts their best and final offer in first so I would do that if I was really interested and say that that was your best offer. Hope it all works out x
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21 Night QSDP Food Report - Mar/Apr 2019 |
10 Feb 20, 03:09 PM |
#9
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Imagineer
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10 Feb 20, 03:13 PM |
#10
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Imagineer
Join Date: Feb 13
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This is not unusual.
The agent is required to keep accurate records of all offers in a bid to keep them honest. No one can advise you on this. Only you can decide how much the house if worth you you. If it is more than the current bid, then you are into a bidding war (this is normal). BUT set your maximum. |
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