Hubbie and I made an offer on a house last week. The house was on at 185. We offered 170k - which was rejected - then increased the offer to 175k.
This was also rejected but I was shocked that the offer was rejected by POST - the agent actually wrote to us to tell us and kept us waiting an extra day because of this.
Personally I would expect a phone call rather than a letter - I really think it's disgusting that they told us by post.
Am I just being precious or is the agent very rude!!!

The EA is an idiot!

That was totally unnecessary and a waste of everyone's time. What are they playing at?

Thats just plain daft - surely the ea should tell you by phone so you can immediately come back with a renewed offer (or tell 'em to forget it)
Doesn't sound like the ea is providing much of a service to his client...

Maybe he disagrees with his client concerning the rejection of an offer from what looks like a serious buyer without any input as to what offer would be most likely acceptable and is covering his bases when his client tells him he hasn't done his job.

Tina

DON'T increase your offer, let them stew!!!

It a very good offer to me, particularly in this market

Don't worry, we definitely won't be increasing it, we don't think its worth any more than what we offered!
And luckily we saw another property at the weekend which we loved and are going to offer on that instead!

got the responce you deserved then!
Sorry i know you think that sounds harsh but hey if you were the seller and a buyer offered 15k less than your price your attitude to them might be harsh
Forde says let them stew
Well maybe thats just what the agent thought about your offer!
The rules say all offers should be backed up in writing but let me remind you that the agent has rules the offerer can do what they like and this includes making multiple offers then walk away from them with little or no reason.

I thought offers of 10% less than the asking price were the norm nowadays?

No - I forgot it's always the seller's fault or the buyer's fault. The saintly estate agent can do no wrong - except that he'she won;t sell any houses if "giving a potential buyer what they deserve" is the attitude. Oh for estate agents to have to trained and qualified not any bloke in a cheap suit and a limited vocabulary. And a belief that the customer is always wrong.

and the buyer is alway right?

Is n't the real reason that Tina is upset is the fact that her derisory offer was n't accepted
How dare the agent not grovel in light of our generous offer they must be sooooo grateful for the peanuts I am throwing at them
Well good for them maybe it's a wake up call

I mean no personel offence to Tina on this point as she is an example of what many people currently think. Just butting in to give some balance to the arguement
And this is my 1000 post after 3 years

quote:

Originally posted by immy21:
Is n't the real reason that Tina is upset is the fact that her derisory offer was n't accepted

Derisory, I think not! 10% is stupidly generous in todays market. That estate agent should be trying to negoitiate not slowing teh process down. It never happens like this on LLL - instant phone back nearly every time.

One question for Tina. I assume you turned down the offer of the EAs help with finding a mortgage? Not that this influences their attitude towards a potential buyer of course!

LLL is edited!!!
So we should try to get 15 k off remember that when you come to sell

Maybe, in today's climate, the agent is just trying to save on the phone bills.

I'm confused about your comments on here immy. On other threads you have held the line that vendors all want more than their property is worth and that is why property is not selling (not the EA's fault, vendors are just greedy swine).

Now you're saying this buyer's offer of £10K below asking price was derisory and she deserved to be sent packing.

Hi isoprene. We've been expecting you

Immy - your simultaneous contentions that all vendors are greedy and overprice their houses but that all buyers are trying it on and should be happy to pay full price are disappearing up their own illogical a*ses

Totally agree, you seem to be a little confused, Immy.

If we put our house on the market now, we'd be pretty pleased with an offer 10% under asking as it would have been priced to allow for that. Tina's offer was less than 10% under asking - hardly cheeky in today's market.

Hi isoprene

Welcome to the forum.
I read your post on HPC. Are you going to take time building up respect with us before launching your message?
I've already reported you as a troll BTW. LOL

Surely and estate agent's job is to use their skill and experience to extract a higher offer from the vendor not "give them the rsponse they deserve"? That attitude is appalling and I do wonder why someone who on otehr hreads is bemoaning the fact that their income is down because fewer houses are selling thinks it's Ok for an agent to burn their boats by annoying a potential customer.

I don't think Tina's offer was "derisory" - I think the agent doesn't know how to close a deal. Tina, you should WRITE to the vendor direct, saying that while you were waiting to hear whether your revised offer was accepted, you viewed and fell in love with another property so are no longer interested. Let them know their agent lost them a sale by his/her arrogance or ineptitude.

My first post!

Going back to the original point, it is lax of the agent certainly not to call you, and they perhaps missed an oppurtunity by not doing so, but to make a small point they were in fact only doing their job.

The Estate Agency Act stipulates that all offers should be submitted in writing, and whilst it is perhaps bad customer service, estate agency is certainly not the only industry that offers that!

Also, everyone is slating Immy for the 'buyers and sellers are bad' outlook. I have to say I tend to side with him.

People believe what they want to. When it comes to selling vendors remember the articles that say the market isn't all bad, and are shocked when we tell them their price is the same as what they paid for it 2 years ago, yet buyers are of the attitude that the sky is falling in and prices will drop to rock bottom. And everyone thinks that estate agents are evil for either extorting the buyer or fleecing the vendor.

Not all estate agents are bad, and it would certainly pay some people to listen to our informed advice.

Yes we're a friendly community here isoprene and extend you and your little friend riser a warm welcome for the very short time you'll be here.

No wonder estate agents hav a bad reputation when they have so little respect for the people who pay their wages - the customers. I'm not sure how "buyers and sellers are bad" can be considered informed advice.... only in estate agents' speak, I fear.

Just how DO you expect to be respected when you show such contempt for the people you deal with?

Ah well that's OK then. And there was me thinking that you and the merry hoards pouring across from your own world believe property is theft and anyone who owns a home or aspires to should be herded up with everyone who heads up or even works for a multinational corporation and publicly incinerated. My mistake.

Brigette - my ref to 'buyers and sellers are bad' is not contempt for the public, I was merely using it to summise the way everyone else seems to be seeing Immy's argument.

I of course do not believe that buyers and sellers are 'bad', I just believe that people should take heed of advice and reason from the people who can see what is happening in the 'LOCAL' market on a minute by minute basis, not by taking note of the national statistics bounded around the press.

quote:

Originally posted by isoprene:
IMO it's because british people are obsessed with property and its value, and it's that which cause these bubbles in the market, just like the previous two.

That is a rather sweeping generalisation!