Good 'ole estate agents...
Discussion
5th feb: whilst expanding my search area on rightmove, i find a piece of land on a difficult corner plot that might just sneak in a 1 1/2 storey bungalow. i call the EA who says yes, yes still for sale, go have a look.
6th feb.
14:30hrs: Pouring down with snow. site very deserted but I go have a look. its not the best plot but worth the punt - no planning either. i call the EA agent, they are all smilies and smilies on the phone and take my bid and say right, lovely, we will tell the owner.
16;30hrs: EA rings back. Ah, cant accept your bid, best and final by midday of 7th Feb. I ask why; apparently, another bid came in that day just after i rang. The plot has sat on rightmove since 19th December so that's a decent 50-1 odds of that happening! Muppet on phone sadly got a mouthful from me as I REALLY REALLY found the coincidence of 2 bids within 2 hours and, after 50 days on the market as rather too much to believe.
Today: midday passes, they ring me to ask what my final bid was so politely told them to foxtrot oscar as I don't mind dutch auctions when i am told from the outset what the rules are, as opposed to being made up as we go along!
Another fine example of clueless estate agent broking by a provincial company in beccles!
Now to get my blood pressure down .
6th feb.
14:30hrs: Pouring down with snow. site very deserted but I go have a look. its not the best plot but worth the punt - no planning either. i call the EA agent, they are all smilies and smilies on the phone and take my bid and say right, lovely, we will tell the owner.
16;30hrs: EA rings back. Ah, cant accept your bid, best and final by midday of 7th Feb. I ask why; apparently, another bid came in that day just after i rang. The plot has sat on rightmove since 19th December so that's a decent 50-1 odds of that happening! Muppet on phone sadly got a mouthful from me as I REALLY REALLY found the coincidence of 2 bids within 2 hours and, after 50 days on the market as rather too much to believe.
Today: midday passes, they ring me to ask what my final bid was so politely told them to foxtrot oscar as I don't mind dutch auctions when i am told from the outset what the rules are, as opposed to being made up as we go along!
Another fine example of clueless estate agent broking by a provincial company in beccles!
Now to get my blood pressure down .
No. Like most EA's they will have a few special 'ones' they keep posted on whats going on. Me saying 'Ill buy it' wasn't expected so they had to notify a.n.other who was 'suddenly' interested who, up until the 50th day, hadn't done anything. Ive seen this several times before with them where they have form in 'choosing' who ultimately gets the land. Another reason why I didn't bother getting further involved.
And to the OP who says they are there to get the most for their client, then what they should have done is supported the client explore getting PP and ultimately more cash.
Bottom line, EA's are boiler house businesses incredibly poorly regulated. I feel my observation is further backed up in the news today by the decision of Ombudsmen Services to withdraw their resolution services as they view the current situation as a 'broken solution to a broken market'. How very true.
And to the OP who says they are there to get the most for their client, then what they should have done is supported the client explore getting PP and ultimately more cash.
Bottom line, EA's are boiler house businesses incredibly poorly regulated. I feel my observation is further backed up in the news today by the decision of Ombudsmen Services to withdraw their resolution services as they view the current situation as a 'broken solution to a broken market'. How very true.
PugwasHDJ80 said:
Why aren't you putting the offer in writing? the EA is required to pass the offer to the vendor
or, get on the land registry site, find out who the owner is and approach them direcly.
I agree, I should have received a confo for the bid i placed but given the activity that allegedly took place within the following 2 hours i doubt they will bother sending me a confo.or, get on the land registry site, find out who the owner is and approach them direcly.
Update part 1-PM : got a letter in afternoon post confirming my bid the other day and a thank you but no thank you to it as they have another buyer
Update part 2 - late PM: receive phone call informing me 'first buyer' had fallen through (within 30 hours) and would I like to proceed instead............oh dear oh dear......
Update part 2 - late PM: receive phone call informing me 'first buyer' had fallen through (within 30 hours) and would I like to proceed instead............oh dear oh dear......
All this sealed bid crap should be made wholly transparent. until EA's are substantially regulated they will continue to operate as they choose fit.
I had a a really big problem with Abbotts EA in norwich a couple of years ago. they so clearly scummed me on a flat it was laughable. i made a complaint to the head office with a time line of events and that was all it really was. they didn't give a flying f*&k and why should they? there are no sanctions for scamming customers.
I had a a really big problem with Abbotts EA in norwich a couple of years ago. they so clearly scummed me on a flat it was laughable. i made a complaint to the head office with a time line of events and that was all it really was. they didn't give a flying f*&k and why should they? there are no sanctions for scamming customers.
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff