Great estate agent story

[bailey]

Just a minute.

The vendor was hoping for £400K and your friend put in a derisary offer of £350. After this, no vendor would feel any conscience in changing to an offer of £375.

Could you afford to throw away £25K?

It didn't work out for the vendor but thats the chance you take.

The Estate Agent is working for the vendor not your mate.

Yeah, I accept there's no question who the agent is working for.

As for the price - it had been on the market for 18 months at that price......perhaps someone had mis-priced it?

 

[dunno]

Yeah, I accept there's no question who the agent is working for.

As for the price - it had been on the market for 18 months at that price......perhaps someone had mis-priced it?

...or perhaps the vendor wanted the agent to put the house on for £400,000 in the first place...'cos vendors are never greedy sods are they??.

Under the tems of the Undesirable Practices Order 1991 Estate Agents are DUTY BOUND to put ALL offers forward to the Vendor up to the point of exchange of contracts. You are right, the Agent acts for the Vendor NOT the purchaser. Estate Agents are also duty bound to get the best possible price.

 

[Uncle C]

Yeah, I accept there's no question who the agent is working for.

As for the price - it had been on the market for 18 months at that price......perhaps someone had mis-priced it?

A house is worth what someone will pay for it. In this case your mate at £350 and someone else at £375.

Tell your mate to swallow his pride and go back in at £330. At best, he gets it cheap, at worse he has a chance to make the vendor feel sick

 

[bailey]

Under the tems of the Undesirable Practices Order 1991 Estate Agents are DUTY BOUND to put ALL offers forward to the Vendor up to the point of exchange of contracts.

Estate Agents are covered by the Undesirable Practices Order 1991?!

What does that say about them.......

 

[Redhead]

Estate Agents are covered by the Undesirable Practices Order 1991?!

What does that say about them.......

That contrary to popular belief we don't make things up as we go along.

 

[bailey]

That contrary to popular belief we don't make things up as we go along.

You have them written down in a book! I knew it!

 

[Redhead]

You have them written down in a book! I knew it!

Damn, hes on to us, Cheese it!!!

 

[Del Boy]

A house is worth what someone will pay for it. In this case your mate at £350 and someone else at £375.

Tell your mate to swallow his pride and go back in at £330. At best, he gets it cheap, at worse he has a chance to make the vendor feel sick

Good stuff!

 

[Redhead]

A house is worth what someone will pay for it. In this case your mate at £350 and someone else at £375.

Tell your mate to swallow his pride and go back in at £330. At best, he gets it cheap, at worse he has a chance to make the vendor feel sick

Not to mention getting that paticular agent disinstructed