| Estate Agents 21:24 - Jul 9 with 2953 views | dna |
Anyone having the dubios pleasure of dealing with Estate Agents to purchase a property?
It's a nonsense - e.g. a house up for £210k, you offer the asking price, turns out a number other' people have done the same. So, it go to 'Best and Final Offer'
How this proceeds is a farce - you submit an offer and that's it - it's a blind auction. You could lose a house for a fiver, because they won't tell you what the best offer is,
If you offer (in this example £225k) and the 2nd best offer was £218k, you pay £225,
they're taking the P - it's certainly not a buyers market!! [Post edited 9 Jul 21:30]
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| Estate Agents on 21:37 - Jul 9 with 2419 views | JACKMANANDBOY |
You have to walk away from bad deals. The whole process is dysfunctional, be patient something else will turn up. |  |
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| Estate Agents on 21:58 - Jul 9 with 2383 views | dna |
| Estate Agents on 21:37 - Jul 9 by JACKMANANDBOY |
You have to walk away from bad deals. The whole process is dysfunctional, be patient something else will turn up. |
It's jut soo frustrating, you find the perfect house and you don't know what you're offering against - they're making a mint (sellers too) because you end up offering more than you need to
Is there a 'law/regulation' why they can't tell you what the best offer is? | | | |
| Estate Agents on 22:30 - Jul 9 with 2339 views | union_jack |
It’s not a sellers’ market I can assure you. I’m selling one at the moment and I’ve had to drop the price considerably in the hope of off-loading it. No multiple offers even though the house is in a wonderful location but in need of some modernising. Luckily it’s not needed to purchase another one.
The market is slower than it has been for a while. |  |
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| Estate Agents on 22:34 - Jul 9 with 2335 views | JACKMANANDBOY |
| Estate Agents on 21:58 - Jul 9 by dna |
It's jut soo frustrating, you find the perfect house and you don't know what you're offering against - they're making a mint (sellers too) because you end up offering more than you need to
Is there a 'law/regulation' why they can't tell you what the best offer is? |
There is guidance from the property ombudsman see below. Sealed bids are allowed unfortunately by the looks of it.
https://www.tpos.co.uk/about-u
A few tips I've picked up as long the way.
I hate the offer bargaining thing, but you have to play the game.
Always speak to the surveyor if you can, they'll say more than they will write down. I always ask them would you buy it?
When your offer is accepted and you instruct your solicitor buy defective title insurance, if it all goes wrong before completing you can recover your costs.
Go to see the seller after you offer, make an excuse about wanting to measure up for furniture or something. If they are decent suggest that you exchange numbers in case you need to speak. This has proved invaluable two or three times fir me when solicitors have been lazy or can't get their finger out.
Do your own research and checks online there is a lot of information as available to consumers these days. I discovered a right of way restriction that my solicitor missed via a LA search that I paid £25 for.
Be patient and trust that the right house will work out for you.
It's easy to get pissed off, stay calm and have someone you trust who has a good brain to discuss things with, it helps when your partner is emotionally attached to a property.
Good luck, I'm sure others have some good tips. [Post edited 9 Jul 22:36]
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| Estate Agents on 22:43 - Jul 9 with 2304 views | dna |
| Estate Agents on 22:30 - Jul 9 by union_jack |
It’s not a sellers’ market I can assure you. I’m selling one at the moment and I’ve had to drop the price considerably in the hope of off-loading it. No multiple offers even though the house is in a wonderful location but in need of some modernising. Luckily it’s not needed to purchase another one.
The market is slower than it has been for a while. |
With respect, we're lookig a houses up to about £210k - everything is block booked for viewings, and everytihing goes to 'the, joke, 'best and final offer' - something you can't increase
We're in P.Talbot, looking within 3-5 miles, be happy to look at your property - let's cut the middle man out lol
Sorry if I come across as a bit miffed but I am LOL | | | |
| Estate Agents on 22:46 - Jul 9 with 2300 views | union_jack |
| Estate Agents on 22:43 - Jul 9 by dna |
With respect, we're lookig a houses up to about £210k - everything is block booked for viewings, and everytihing goes to 'the, joke, 'best and final offer' - something you can't increase
We're in P.Talbot, looking within 3-5 miles, be happy to look at your property - let's cut the middle man out lol
Sorry if I come across as a bit miffed but I am LOL |
No, fair enough. Unfortunately I’m in a different bracket to you and I’m hoping a sale will go through shortly but things can and often do go wrong in this business unfortunately.
Good luck in your quest! | |
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| Estate Agents on 22:46 - Jul 9 with 2300 views | dna |
| Estate Agents on 22:34 - Jul 9 by JACKMANANDBOY |
There is guidance from the property ombudsman see below. Sealed bids are allowed unfortunately by the looks of it.
https://www.tpos.co.uk/about-u
A few tips I've picked up as long the way.
I hate the offer bargaining thing, but you have to play the game.
Always speak to the surveyor if you can, they'll say more than they will write down. I always ask them would you buy it?
When your offer is accepted and you instruct your solicitor buy defective title insurance, if it all goes wrong before completing you can recover your costs.
Go to see the seller after you offer, make an excuse about wanting to measure up for furniture or something. If they are decent suggest that you exchange numbers in case you need to speak. This has proved invaluable two or three times fir me when solicitors have been lazy or can't get their finger out.
Do your own research and checks online there is a lot of information as available to consumers these days. I discovered a right of way restriction that my solicitor missed via a LA search that I paid £25 for.
Be patient and trust that the right house will work out for you.
It's easy to get pissed off, stay calm and have someone you trust who has a good brain to discuss things with, it helps when your partner is emotionally attached to a property.
Good luck, I'm sure others have some good tips. [Post edited 9 Jul 22:36]
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Chers, a few beers in lol and a bit miffed | | | |
| Estate Agents on 22:59 - Jul 9 with 2290 views | majorraglan |
Buying a house is frustrating, most Estate agents are warm as toast and their goal is to get as much cash out of you and commission as possible.
My son has been in this position a few times and he’s lost out on each occasion, but he always set a limit based on what he thought the house was worth and how much he wanted it and he wouldn’t go over the limit and his budget. On one occasion he was outbid, but the highest offer was subsequently withdrawn and he was invited to increase his offer but he told the estate agent to do one.
My advice to you is to work out your budget and to stick to it, don’t get sucked into a bidding war like people do at auction. If you’ve got the money and are in a position to move quickly, or have a large deposit emphasise that to the estate agent because a bird in the hand is worth 2 in the bush. That’s worked for me on 2 previous occasions when wifey and I were looking for a new pad.
Make sure you do your homework, check out the previous sold prices on Zoopla/ Rightmove or the Land Registry sites, drive past the houses and compare them to the place your interested in buying because that should give you an idea of what the place is worth. I don’t know where you’re looking, but I spoke to an estate agent about a month ago and they said the market was flat, properties up to £200k were moving albeit slowly, above £400k market was dead. You don’t want to be bidding more than the property is worth and ending up in negative equity in the future.
Edit - Pop around the other estate agents and chat to them, they may tell you about more about the state of the market, they may even tell you what they think the house you’re looking at is worth if you are lucky, they may even have valued the house when the vendor was looking for an estate agent because most people get more than 1 valuation. [Post edited 9 Jul 23:10]
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| Estate Agents on 22:59 - Jul 9 with 2289 views | max936 |
| Estate Agents on 22:30 - Jul 9 by union_jack |
It’s not a sellers’ market I can assure you. I’m selling one at the moment and I’ve had to drop the price considerably in the hope of off-loading it. No multiple offers even though the house is in a wonderful location but in need of some modernising. Luckily it’s not needed to purchase another one.
The market is slower than it has been for a while. |
Me and my brother had to drop price of parents house, I held out for a little bit more and got it, we got lucky cause it seems clear that the buyer wanted the house. |  | | |
| Estate Agents on 23:05 - Jul 9 with 2260 views | dna |
| Estate Agents on 22:59 - Jul 9 by majorraglan |
Buying a house is frustrating, most Estate agents are warm as toast and their goal is to get as much cash out of you and commission as possible.
My son has been in this position a few times and he’s lost out on each occasion, but he always set a limit based on what he thought the house was worth and how much he wanted it and he wouldn’t go over the limit and his budget. On one occasion he was outbid, but the highest offer was subsequently withdrawn and he was invited to increase his offer but he told the estate agent to do one.
My advice to you is to work out your budget and to stick to it, don’t get sucked into a bidding war like people do at auction. If you’ve got the money and are in a position to move quickly, or have a large deposit emphasise that to the estate agent because a bird in the hand is worth 2 in the bush. That’s worked for me on 2 previous occasions when wifey and I were looking for a new pad.
Make sure you do your homework, check out the previous sold prices on Zoopla/ Rightmove or the Land Registry sites, drive past the houses and compare them to the place your interested in buying because that should give you an idea of what the place is worth. I don’t know where you’re looking, but I spoke to an estate agent about a month ago and they said the market was flat, properties up to £200k were moving albeit slowly, above £400k market was dead. You don’t want to be bidding more than the property is worth and ending up in negative equity in the future.
Edit - Pop around the other estate agents and chat to them, they may tell you about more about the state of the market, they may even tell you what they think the house you’re looking at is worth if you are lucky, they may even have valued the house when the vendor was looking for an estate agent because most people get more than 1 valuation. [Post edited 9 Jul 23:10]
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Great advice, thanks | | | |
| Estate Agents on 05:09 - Jul 10 with 2187 views | AguycalledJack |
The main problem is the estate agent will over value the property. If your a buyer that puts you off as you may like the house but not the price. As a seller, your happy that say your 100k house is valued at 150k but your losing viewings, as its overpriced and when crunch time comes, the house has been on the market for months, the estate agent will start to chip away at the sale price. I Recently sold a house in pontarddulais. Didnt use a highstreet estate agent like say astlys, dawsons etc. Used an independent. All advertised via tic tok facebook etc plus the standard zoopla and rightmove etc. First meeting i had, she gave the valuation bracket, she said no bull shit thats its value ( which i knew was correct as previously had had it valued) first week on the market 7 viewings. Sold within 3 weeks for asking price. If your looking to sell cant recommend hayley phillips enough. | | | |
| Estate Agents on 07:22 - Jul 10 with 2145 views | sons_of_omri |
Just moved into Newport - Freelancer were the estate agents and they were a joy to deal with - even going so far as to nudge the solicitors! Moved in Wednesday now finally getting stuff put away ! | | | |
| Estate Agents on 08:38 - Jul 10 with 2108 views | Dr_Winston |
| Estate Agents on 05:09 - Jul 10 by AguycalledJack |
The main problem is the estate agent will over value the property. If your a buyer that puts you off as you may like the house but not the price. As a seller, your happy that say your 100k house is valued at 150k but your losing viewings, as its overpriced and when crunch time comes, the house has been on the market for months, the estate agent will start to chip away at the sale price. I Recently sold a house in pontarddulais. Didnt use a highstreet estate agent like say astlys, dawsons etc. Used an independent. All advertised via tic tok facebook etc plus the standard zoopla and rightmove etc. First meeting i had, she gave the valuation bracket, she said no bull shit thats its value ( which i knew was correct as previously had had it valued) first week on the market 7 viewings. Sold within 3 weeks for asking price. If your looking to sell cant recommend hayley phillips enough. |
That first sentence is spot on, especially when they're trying to get you to list the property with them in the first place. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Estate Agents on 10:25 - Jul 10 with 2061 views | majorraglan |
| Estate Agents on 08:38 - Jul 10 by Dr_Winston |
That first sentence is spot on, especially when they're trying to get you to list the property with them in the first place. |
Spot on.
A mate had 3 agents come around and value his place, 2 came in at £320k and 1 came in at £350k. Unsurprisingly he went with the agent who gave him the highest valuation - he had 2 viewings in 5 months and when the viewers turned up they weren’t interested. He’s now switched and gone with one of the other agents and dropped his price to £320k but I still think it’s overvalued. Even though he’s not sold, he’s looking for his new place and is making offers well below asking price because it’s a buyers market, but he can’t see it that his house is still overpriced. 🤦♂️ | | | |
| Estate Agents on 12:16 - Jul 10 with 2019 views | Togg |
I've noticed the houses which are selling are houses in areas like Dunvant Killay Sketty which are priced from 200K - 250k. Estate agent told me these are first time buyers houses. Wow! The 300k - 500 k are a lot harder to sell
You can be lucky, as a friend put hers up for 450 and it went straight away. Or you can be on the market or a while. A lot of the agents now, especially the independents like to market your house under value and ask for offers over that amount . Hoping to get the price up | | | |
| Estate Agents on 23:04 - Jul 10 with 1883 views | jack_lord |
| Estate Agents on 05:09 - Jul 10 by AguycalledJack |
The main problem is the estate agent will over value the property. If your a buyer that puts you off as you may like the house but not the price. As a seller, your happy that say your 100k house is valued at 150k but your losing viewings, as its overpriced and when crunch time comes, the house has been on the market for months, the estate agent will start to chip away at the sale price. I Recently sold a house in pontarddulais. Didnt use a highstreet estate agent like say astlys, dawsons etc. Used an independent. All advertised via tic tok facebook etc plus the standard zoopla and rightmove etc. First meeting i had, she gave the valuation bracket, she said no bull shit thats its value ( which i knew was correct as previously had had it valued) first week on the market 7 viewings. Sold within 3 weeks for asking price. If your looking to sell cant recommend hayley phillips enough. |
I'm about to sell a house in Ystradgynlais and I'm sure the guy I know who does EPCs recommended her as well |  |
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| Estate Agents on 23:26 - Jul 10 with 1854 views | AguycalledJack |
| Estate Agents on 23:04 - Jul 10 by jack_lord |
I'm about to sell a house in Ystradgynlais and I'm sure the guy I know who does EPCs recommended her as well |
I thought she was excellent. She does alot on Facebook. What I liked there was no BS. | | | |
| Estate Agents on 09:30 - Jul 11 with 1797 views | union_jack |
| Estate Agents on 23:26 - Jul 10 by AguycalledJack |
I thought she was excellent. She does alot on Facebook. What I liked there was no BS. |
What is her fee structure? | |
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| Estate Agents on 11:30 - Jul 11 with 1751 views | Togg |
| Estate Agents on 05:09 - Jul 10 by AguycalledJack |
The main problem is the estate agent will over value the property. If your a buyer that puts you off as you may like the house but not the price. As a seller, your happy that say your 100k house is valued at 150k but your losing viewings, as its overpriced and when crunch time comes, the house has been on the market for months, the estate agent will start to chip away at the sale price. I Recently sold a house in pontarddulais. Didnt use a highstreet estate agent like say astlys, dawsons etc. Used an independent. All advertised via tic tok facebook etc plus the standard zoopla and rightmove etc. First meeting i had, she gave the valuation bracket, she said no bull shit thats its value ( which i knew was correct as previously had had it valued) first week on the market 7 viewings. Sold within 3 weeks for asking price. If your looking to sell cant recommend hayley phillips enough. |
I don't know Hayley but I'm glad she worked for you.
My experience of an EXP agent was particularly bad. If she hadn't been the second one round to view our property I could have kicked her out half way through the process. Wanted us to go in well under value . I disagreed she then got her lap top out and showed us values of other properties in the area. Asking what made my house different from there's. It's detached....answer oh yes you will get 10 to 15% more for detached she reluctantly said. She viewed the house after the sales pitch and was totally negative about everything. You could see she had been on all the EXP sales courses. Absolutely no empathy and couldn't quite see that buying a house could be emotional as well as a business descion. | | | |
| Estate Agents on 16:05 - Jul 16 with 1360 views | AguycalledJack |
| Estate Agents on 09:30 - Jul 11 by union_jack |
What is her fee structure? |
No structure. She gave me a fee which i accepted and that was it. Excellent comms, quick to ipdate and quick to respond. To be fair to her, in my book, she went above and beyond as there were a few niggles that needed ironing out. She also pushed the solicitors to get it all done. [Post edited 16 Jul 16:11]
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| Estate Agents on 16:10 - Jul 16 with 1356 views | AguycalledJack |
| Estate Agents on 11:30 - Jul 11 by Togg |
I don't know Hayley but I'm glad she worked for you.
My experience of an EXP agent was particularly bad. If she hadn't been the second one round to view our property I could have kicked her out half way through the process. Wanted us to go in well under value . I disagreed she then got her lap top out and showed us values of other properties in the area. Asking what made my house different from there's. It's detached....answer oh yes you will get 10 to 15% more for detached she reluctantly said. She viewed the house after the sales pitch and was totally negative about everything. You could see she had been on all the EXP sales courses. Absolutely no empathy and couldn't quite see that buying a house could be emotional as well as a business descion. |
Total opposite to hayley who came across as genuine and enthusiastic. Her sale bracket was also on point and achieved asking price. | | | |
| Estate Agents on 18:56 - Jul 16 with 1310 views | Togg |
| Estate Agents on 16:10 - Jul 16 by AguycalledJack |
Total opposite to hayley who came across as genuine and enthusiastic. Her sale bracket was also on point and achieved asking price. |
That's good mate and appreciating good service . Out of interest did she look around the property first before giving her value? | | | |
| Estate Agents on 20:26 - Jul 16 with 1282 views | AguycalledJack |
| Estate Agents on 18:56 - Jul 16 by Togg |
That's good mate and appreciating good service . Out of interest did she look around the property first before giving her value? |
Yes. Even questioned the condition of the attic. 👍 | | | |
| Estate Agents on 22:29 - Jul 16 with 1263 views | Togg |
| Estate Agents on 20:26 - Jul 16 by AguycalledJack |
Yes. Even questioned the condition of the attic. 👍 |
Fair play. As I said I'm glad your agent worked well for you. I believe EXP are all self employed agents working under the EXP umbrella. The one I delt with covers a lot of Gower. She came through our door and I offered to show her around the house but oh no wanted to sit us down and dictate her terms etc. When I disagreed with her low starting value she looked at me like a piece of shite. Then decided to have a tour of the house and pointed out every negative .
I told her our position. We don't need a quick sale as hoping to sell up and move to Spain. Absolute arrogant condescending so and so. | | | |
| Estate Agents on 09:51 - Jul 17 with 1179 views | union_jack |
| Estate Agents on 22:29 - Jul 16 by Togg |
Fair play. As I said I'm glad your agent worked well for you. I believe EXP are all self employed agents working under the EXP umbrella. The one I delt with covers a lot of Gower. She came through our door and I offered to show her around the house but oh no wanted to sit us down and dictate her terms etc. When I disagreed with her low starting value she looked at me like a piece of shite. Then decided to have a tour of the house and pointed out every negative .
I told her our position. We don't need a quick sale as hoping to sell up and move to Spain. Absolute arrogant condescending so and so. |
Sounds like a ‘stack them high, sell them cheap’ which is good for the agent with turnover but not for the individual vendor. | |
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