Property Advice!! How to deal with Estate Agents??

[Darren_Test]

That"s too naughy..not going for that. I donot think this EA is that bad..typical one trying to max benefit for paymaster. Thats it...

Let them wait a week, then make an offer that is high enough to make them accept on the spot, like 10-20k over asking price.

After they accept it, you have some time to withdraw the offer. Use up all that time and withdraw the offer at the last minute.

That'll teach them.

Then look for another property and forget about it

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[Darren_Test]

Is this your first house? Because you're really making a pig's ear of the process.

As others have said, make a realistic offer, make it clear that if it isn't accepted you're walking away - it's a commercial transaction, you're not trying to make friends.

Nope...third one. First two where smooth and was entry level & mid range may be..This is slightly different...so different level of competition other players also tricky to deal...

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[Darren_Test]

No, ask them for a counter offer, although you really wanted to do that as soon as the agent said no.

Yes did that, but response is like they are expecting above x...that x was the list price in dec last year. Now list price is x+50k (which was their staring list price last year).

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[Darren_Test]

Ok. This one was fallen out twice after 'sale" now. I will not be surprised if it was due to seller. But as you expect EA says it was buyer troubles.

negotiations can be a nightmare.
I was after a house a year or two ago. i really wanted but knew it was overpriced. it had already fallen through twice
up for 525k and I originally offered 475. obviously that got rejected. after a few rounds of negotiation they stated the lowest they would go was 515. More than I was willing to pay even though i really loved it.
we stepped back and another buyer came in and got an offer accepted. I left a message with the estate agent that if anything happened they should let me know.
4 months later they came back on the market with it and I was contacted. At this point I was in the process of buying a new build but was not committed.
I offered a flat 508, which was accepted. I had the condition that they get a move on because we wanted to be in before the next school year started and because I had that outstanding new property that I wasnt going to let go until we had completed. they had 3 months to sort things out.
8 weeks later they still hadnt filled in the basic paperwork so there was no chance of a completion in time. i withdrew the offer (got slagged off by the estate agent) and bought the new house (which i also love)
that house then sold about 8 months later for 500k.
It's the way it goes...some sellers are greedy and stupid. It's now clear the previous fall throughs were due to the sellers (who i think were splitting up) and not because of the buyers as I was originally told.
EDIT... If it's what you want then I would quickly negotiate to the price you are willing to pay and walk away if they wont go there.

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[WTFH]

Yes did that, but response is like they are expecting above x

OK, so you've started negotiations, their response was "like" something, but you weren't happy or prepared to counter. OK, walk away, go get a different house.

Doesn't matter if x was last year's price, last week's price or whatever. If they aren't prepared to accept below that, and you aren't prepared to offer that much, then start looking: Properties For Sale in RG14 2FN - Flats & Houses For Sale in RG14 2FN - Rightmove

[PCTNN]

OK, walk away, go get a different house.

I don't think he will.

Anyone with a minimum of common sense and street smarts would have walked away long time ago. Too many alarms ringing, not worth the effort.

The OP instead will end up doing what is told and overpaying the house. He's already shown his cards and his inability to bluff. They saw him coming a mile away and, rightly so, they'll take advantage of his naivety.

[WTFH]

I don't think he will.

Anyone with a minimum of common sense and street smarts would have walked away long time ago. Too many alarms ringing, not worth the effort.

The OP instead will end up doing what is told and overpaying the house. He's already shown his cards and his inability to bluff. They saw him coming a mile away and, rightly so, they'll take advantage of his naivety.

Or, as usual with the OP, we'll have a 20 page thread here, then in 3 months another 20 page one about it again, with a slight variation.

[Darren_Test]

I get the feeling that agreement might be...Joint sole agency

They have 2 EAs from 2 neaeby towns as property is in the middle...

As per Wiki
This is an arrangement where a vendor uses two (or more) estate agents to market a property for sale, and the agents agree to split the fee between them if one of them sells the property. ...

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[Darren_Test]

I am not that stupid [emoji2957]..looking for houses for last 2 years and liked only 2 out of 50+ houses i saw. Me too got many concerns on this house & sellwr, but other house I liked already sold. And my buyer is getting impatient as well. I took narly 8 months to sell mine that too after dropping price by 5%..

Or, as usual with the OP, we'll have a 20 page thread here, then in 3 months another 20 page one about it again, with a slight variation.

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[Zigenare]

I am not that stupid [emoji2957]..looking for houses for last 2 years and liked only 2 out of 50+ houses i saw. Me too got many concerns on this house & sellwr, but other house I liked already sold. And my buyer is getting impatient as well. I took narly 8 months to sell mine that too after dropping price by 5%..

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You've been in the pub all lunchtime, haven't you?