Buying a house direct from the vendor
Discussion
I bet the seller doesn't care about this house. That's why there is the £10k discount.
He automatically saves £3k because of the EA fees.
He takes the £7k hit now because in his eyes this speeds things up and more importantly gives him the funds to complete house number 2.
I bet he doesn't make such an offer when it comes to selling house number 2. He may also of stretched himself a bit too thin with a mortgage across both.
He may also be coming into the time frame where he has to pay Captial gains tax and wants it done quick hence saving him way more in CGT than the discount given.
He automatically saves £3k because of the EA fees.
He takes the £7k hit now because in his eyes this speeds things up and more importantly gives him the funds to complete house number 2.
I bet he doesn't make such an offer when it comes to selling house number 2. He may also of stretched himself a bit too thin with a mortgage across both.
He may also be coming into the time frame where he has to pay Captial gains tax and wants it done quick hence saving him way more in CGT than the discount given.
TheLordJohn said:
Estate agents have been f
king people over for decades.
What by having the temerity to charge for a service provided so that they can pay for those adverts, shop window, staff to show people around etc?king people over for decades.Like all trades and professions some are excellent and some are shysters, but making statements like you have shows more ignorance than it does intelligence.
Ironically, I have never been f
ked over by an estate agent, but I have by a mechanical engineer.Edited by blueg33 on Monday 10th April 20:13
I spoke to the vendor last night.
He said that having had second thoughts on the whole thing he'd rather go through the EA.
He said he had a multi-EA deal & thought that would of allowed him to sell directly, however after reading the small print it doesn't, so he's going to honour the deal.
We're hoping to put an offer forward today that he'll accept.
He purchased 2 houses to do up (both next door to each other) & is going to do the second house up to live in himself.
He said that having had second thoughts on the whole thing he'd rather go through the EA.
He said he had a multi-EA deal & thought that would of allowed him to sell directly, however after reading the small print it doesn't, so he's going to honour the deal.
We're hoping to put an offer forward today that he'll accept.
He purchased 2 houses to do up (both next door to each other) & is going to do the second house up to live in himself.
So the vendor suggests to you, a total stranger, that you should go along with him in some idiotic plan to break his contract with the very agent who put you in his house for the viewing, in order to save some money and presumably think the agent would never spot this? The guy is a moron, and though he's thankfully seen some sense and abandoned his Laurel and Hardy plan, I'd be very careful about dealing with him on any basis.
easytiger123 said:
So the vendor suggests to you, a total stranger, that you should go along with him in some idiotic plan to break his contract with the very agent who put you in his house for the viewing, in order to save some money and presumably think the agent would never spot this? The guy is a moron, and though he's thankfully seen some sense and abandoned his Laurel and Hardy plan, I'd be very careful about dealing with him on any basis.
Given it's all going the proper route & we'll ve having the associated surveys done.I see no issue now that this is anything different than any other house purchase, you don't know who or what has done anything to the house previous.
theguvernor15 said:
Given it's all going the proper route & we'll ve having the associated surveys done.
I see no issue now that this is anything different than any other house purchase, you don't know who or what has done anything to the house previous.
It's more, as someone else suggested, that someone as unscrupulous/thick/greedy as that will quite possibly try and up the price at the last second after you've spent money on surveyors and lawyers or pull some other stunt that makes the purchase more problematic than it should be.I see no issue now that this is anything different than any other house purchase, you don't know who or what has done anything to the house previous.
easytiger123 said:
theguvernor15 said:
Given it's all going the proper route & we'll ve having the associated surveys done.
I see no issue now that this is anything different than any other house purchase, you don't know who or what has done anything to the house previous.
It's more, as someone else suggested, that someone as unscrupulous/thick/greedy as that will quite possibly try and up the price at the last second after you've spent money on surveyors and lawyers or pull some other stunt that makes the purchase more problematic than it should be.I see no issue now that this is anything different than any other house purchase, you don't know who or what has done anything to the house previous.
I would make sure the that any offer you make is subject to the property being immediately pulled from the market. Don't spend a penny until all signs of it are removed by the agent including a SSTC on the board on the house.
And with regard to the comments about works on other houses - when people improve their own home, they generally (although not always) try to do a decent job because they have to live with it. Developers renovating houses will vary from the positively fraudulent who'll do as little as possible to maximise their profit or the incompetent, all the way through to those who live off their reputation and do an amazing job. My guess would be that a developer suggesting defrauding the agent to a complete stranger does not sit in the later camp. If he's bodged the electrics or the plumbing you'll unlikely find an issue until it goes wrong and you've got a contractor ripping up floorboards or hacking off plaster to trace the problem. He may have done a fantastic job but I would be quizzing him on every aspect of the renovation to get a better understanding of whether he knows what he's doing - did he do the work himself or did he get contractors in, if so, get him to provide details of them. You can always say it's so you can use them again in the future as they'll know the house. I'd also want to see all the certificates.
The main thing going for you is that he know's he's going to be living next to you, only an idiot would bodge a renovation knowing they would be living next door to the person on the receiving end. Of course that could always be a blag and he has no intention of living next door and it's just a ploy to instill confidence in any purchaser.
UPDATE
You'll all be pleased to know that once our offer was accepted (lower than ask), the seller then pulled out the next day.
Thankfully we'd not incurred any costs!
He began texting me saying he wasn't selling anymore as his ex was taking him to court for custody of their child or something.
I said that's fine don't worry about it etc. (We were annoyed but such is life).
He then text me again a few hours later begging for forgivness and saying he needed the asking price really.
I told him thanks but no thanks & blocked him, made the agent aware etc.
However on the plus side we made an offer on our 'first choice' property, as we know they were keen to sell to secure a move into a home they'd offered on.
We've had that accepted & it's full steam ahead as we're both chain free!
Lesson learned
(Oh & it has a large shed)!
You'll all be pleased to know that once our offer was accepted (lower than ask), the seller then pulled out the next day.
Thankfully we'd not incurred any costs!
He began texting me saying he wasn't selling anymore as his ex was taking him to court for custody of their child or something.
I said that's fine don't worry about it etc. (We were annoyed but such is life).
He then text me again a few hours later begging for forgivness and saying he needed the asking price really.
I told him thanks but no thanks & blocked him, made the agent aware etc.
However on the plus side we made an offer on our 'first choice' property, as we know they were keen to sell to secure a move into a home they'd offered on.
We've had that accepted & it's full steam ahead as we're both chain free!
Lesson learned
(Oh & it has a large shed)!
theguvernor15 said:
UPDATE
You'll all be pleased to know that once our offer was accepted (lower than ask), the seller then pulled out the next day.
Thankfully we'd not incurred any costs!
He began texting me saying he wasn't selling anymore as his ex was taking him to court for custody of their child or something.
I said that's fine don't worry about it etc. (We were annoyed but such is life).
He then text me again a few hours later begging for forgivness and saying he needed the asking price really.
I told him thanks but no thanks & blocked him, made the agent aware etc.
However on the plus side we made an offer on our 'first choice' property, as we know they were keen to sell to secure a move into a home they'd offered on.
We've had that accepted & it's full steam ahead as we're both chain free!
Lesson learned
(Oh & it has a large shed)!
Congratulations and good luck with the first choice.You'll all be pleased to know that once our offer was accepted (lower than ask), the seller then pulled out the next day.
Thankfully we'd not incurred any costs!
He began texting me saying he wasn't selling anymore as his ex was taking him to court for custody of their child or something.
I said that's fine don't worry about it etc. (We were annoyed but such is life).
He then text me again a few hours later begging for forgivness and saying he needed the asking price really.
I told him thanks but no thanks & blocked him, made the agent aware etc.
However on the plus side we made an offer on our 'first choice' property, as we know they were keen to sell to secure a move into a home they'd offered on.
We've had that accepted & it's full steam ahead as we're both chain free!
Lesson learned
(Oh & it has a large shed)!
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