Gazumped! Gazumped!
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  1. #1

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    Default Gazumped!

    Put in a very low offer on a house about a month ago and offer was accepted. House had been on the market for ages (it has no garage, which seems to disgust about 99% of house buyers these days). Got a call today saying we've been gazumped by someone offering 'very close to the asking price'. All I can say is, suckerrrz.

    I mean, we liked the place. It has very, very nice open views across the hills. But there's no way it was worth the asking price. Except... it obviously was because someone's willing to pay it.

    Still, no harm done. It had several cons which I'd started worrying about and can forget now.

    Property market... booming.

  2. #2

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    How much more have they agreed to pay?

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    Quote Originally Posted by dang65 View Post
    Put in a very low offer on a house about a month ago and offer was accepted. House had been on the market for ages (it has no garage, which seems to disgust about 99% of house buyers these days). Got a call today saying we've been gazumped by someone offering 'very close to the asking price'. All I can say is, suckerrrz.

    I mean, we liked the place. It has very, very nice open views across the hills. But there's no way it was worth the asking price. Except... it obviously was because someone's willing to pay it.

    Still, no harm done. It had several cons which I'd started worrying about and can forget now.

    Property market... booming.
    Did you say. "Oh that's OK, we were a bit worried after we'd found out about the murder in the field behind and dry rot. You'd better pass that on BTW'
    What happens in General, stays in General.
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    Gazump the gazumper with an asking price + 5% offer. Then drag it out as long as you can. Then gazunder the vendor with your original offer - a 2% convenience charge.
    Quote Originally Posted by Bean
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    Quote Originally Posted by Old Greg View Post
    Gazump the gazumper with an asking price + 5% offer. Then drag it out as long as you can. Then gazunder the vendor with your original offer - a 2% convenience charge.
    WHS.
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    Quote Originally Posted by jmo21 View Post
    How much more have they agreed to pay?
    Oh, at least 25k more than us. We really took the piss, to be honest.

    As for revenge, our policy is just to walk away and leave it to fate and not go back. We've had this situation before and had sellers trying to get us back because the higher offer has fallen through. That's plenty schadenfreude for me, just to say, "Oh dear, what a shame, oh dear, oh dear. NO! Bye."


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    Quote Originally Posted by dang65 View Post
    Oh, at least 25k more than us. We really took the piss, to be honest.

    As for revenge, our policy is just to walk away and leave it to fate and not go back. We've had this situation before and had sellers trying to get us back because the higher offer has fallen through. That's plenty schadenfreude for me, just to say, "Oh dear, what a shame, oh dear, oh dear. NO! Bye."

    Suitably philosophical and appropriate response. Well played

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    Offer more than that offer, add a lick of paint, install a new bathroom and sell for 40% more. Profit ! There are millions to be made in brick and mortar.

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    Quote Originally Posted by dang65 View Post
    Put in a very low offer on a house about a month ago and offer was accepted. House had been on the market for ages (it has no garage, which seems to disgust about 99% of house buyers these days). Got a call today saying we've been gazumped by someone offering 'very close to the asking price'. All I can say is, suckerrrz.

    I mean, we liked the place. It has very, very nice open views across the hills. But there's no way it was worth the asking price. Except... it obviously was because someone's willing to pay it.

    Still, no harm done. It had several cons which I'd started worrying about and can forget now.

    Property market... booming.
    I compute a 95% probability that the estate agent is lying to you.
    "A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon

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    Quote Originally Posted by Freamon View Post
    I compute a 95% probability that the estate agent is lying to you.
    Absolutely, WFS! Tell him to shove it.

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