Offer on a house already sold?
Discussion
There's a house that came up on rightmove. It came on as sold, no plan and one picture.
It's the sort of house we would like to move to, and it's a rare house. Assuming it needs a lot of work, but at the price it's come on at that would be fine.
I've emailed the estate agent today asking about it, and stated that assuming it's sold for somewhere around the price on rightmove, we would be willing to pay more (I mentioned 15k).
He came back and said it's a cash buyer which is very attractive to the seller, he will keep me in mind, but doesn't see any problems with the sale.
So basically he's sold it to his mate for cheap.
Anything I can do? it's been sold for about a week.
Maybe the seller doesn't care about the money and just wants it gone, or maybe they're not aware they probably being shafted.
It's the sort of house we would like to move to, and it's a rare house. Assuming it needs a lot of work, but at the price it's come on at that would be fine.
I've emailed the estate agent today asking about it, and stated that assuming it's sold for somewhere around the price on rightmove, we would be willing to pay more (I mentioned 15k).
He came back and said it's a cash buyer which is very attractive to the seller, he will keep me in mind, but doesn't see any problems with the sale.
So basically he's sold it to his mate for cheap.
Anything I can do? it's been sold for about a week.
Maybe the seller doesn't care about the money and just wants it gone, or maybe they're not aware they probably being shafted.
maybe the buyer has outlaid lots of money in surveys and has been looking for a long time and done a deal.
Maybe, just maybe there is an honourable seller and doesn't take well to people turning up trying to offer more and gazump an already hand shaken deal?
I had some
turn up to try and cash buy the house I was buying two years ago. After looking for over a year, and already losing one (for not scumbag reasons)
Luckily the lady I was dealing with was an honourable person. Stayed with the agreed deal.
Maybe, just maybe there is an honourable seller and doesn't take well to people turning up trying to offer more and gazump an already hand shaken deal?
I had some
turn up to try and cash buy the house I was buying two years ago. After looking for over a year, and already losing one (for not scumbag reasons)Luckily the lady I was dealing with was an honourable person. Stayed with the agreed deal.
Ok, in my head
Someone elderly has died in it and the estate is being sold. There is no chain.
Estate agent has been round, undervalued it (significantly IMO), sold it to his mate for cash (it is a cash sale he's already said) before it hits the market.
I can't imagine the estate agent is being completely ethical, so why should I be?
Someone elderly has died in it and the estate is being sold. There is no chain.
Estate agent has been round, undervalued it (significantly IMO), sold it to his mate for cash (it is a cash sale he's already said) before it hits the market.
I can't imagine the estate agent is being completely ethical, so why should I be?
fat80b said:
Do you think the agent put your offer forward to the seller ?
I’d be tempted to do some digging, find the owner and contact them directly - you’ve got nothing to lose at this point
I very much doubt it.I’d be tempted to do some digging, find the owner and contact them directly - you’ve got nothing to lose at this point
I may better a letter through their door.
If the seller doesn't want to consider my offer, that's fine.
mcg_ said:
Dave_ST220 said:
Look for another house. Why do you think the seller has been shafted?
Because I think it's worth about 30% more than it's sold for. Can I surmise from this that you are also trying to shaft the seller?
psi310398 said:
mcg_ said:
Because I think it's worth about 30% more than it's sold for.
Sorry, but how do you know what it sold for? And on what terms?You don't need to be an estate agent to know the rough value of a house if you have the area very well researched.
Edit: haven't really answered your post.
I'm assuming it's sold for around what it went on rightmove for, as it went on as sold. Terms, what do you mean terms? It's a cash sale.
Edited by mcg_ on Friday 1st December 12:04
Mark-C said:
mcg_ said:
Dave_ST220 said:
Look for another house. Why do you think the seller has been shafted?
Because I think it's worth about 30% more than it's sold for. Can I surmise from this that you are also trying to shaft the seller?
I would be willing to pay a fair price for the house. Which I'm assuming the seller isn't getting at the moment.
mcg_ said:
Ok, in my head
Someone elderly has died in it and the estate is being sold. There is no chain.
Estate agent has been round, undervalued it (significantly IMO), sold it to his mate for cash (it is a cash sale he's already said) before it hits the market.
I can't imagine the estate agent is being completely ethical, so why should I be?
In your head? So no real facts?! EA's say everything is "cash" in my experience. What's the house sold for?!......Someone elderly has died in it and the estate is being sold. There is no chain.
Estate agent has been round, undervalued it (significantly IMO), sold it to his mate for cash (it is a cash sale he's already said) before it hits the market.
I can't imagine the estate agent is being completely ethical, so why should I be?
mcg_ said:
psi310398 said:
mcg_ said:
Because I think it's worth about 30% more than it's sold for.
Sorry, but how do you know what it sold for? And on what terms?You don't need to be an estate agent to know the rough value of a house if you have the area very well researched.
mcg_ said:
Do you have idea of what houses are worth within your area?
You don't need to be an estate agent to know the rough value of a house if you have the area very well researched.
No, my point is much more straightforward - simply because a price was posted on a website, it does not mean that that was the price paid. You don't need to be an estate agent to know the rough value of a house if you have the area very well researched.
On another thread someone was complaining about lax estate agents not updating Rightmove. Why should this case be any different?
With rare property and possibly three or four developers chasing scarce resources, how much might they willing to pay?
I sold a house in Fulham after three days on the market for almost 50% more than the (in my view, ambitious) asking price and that was with a (short term) sitting tenant.
To be very honest OP
You are making a lot of fairly fruity accusations and haven't offered a shred of evidence other than the asking price being below your opinion of its value. Then adding that he is an estate agent so likely on the fleece.
It might be WORTH more to you, but that doesn't make it its Market Value.
Additionally, you are looking to try and muscle someone out so you can't exactly go around getting indignant about this. Of course its not illega, but it does remove your moral high ground for bleating about 'fair'.
To be honest, you've been confronted with not getting what you want and you have failed in your attempt to spend your way out of the problem. So now you're crying foul.
If you can evidence any of your claims, that is different. But as it stands you haven't.
You are making a lot of fairly fruity accusations and haven't offered a shred of evidence other than the asking price being below your opinion of its value. Then adding that he is an estate agent so likely on the fleece.
It might be WORTH more to you, but that doesn't make it its Market Value.
Additionally, you are looking to try and muscle someone out so you can't exactly go around getting indignant about this. Of course its not illega, but it does remove your moral high ground for bleating about 'fair'.
To be honest, you've been confronted with not getting what you want and you have failed in your attempt to spend your way out of the problem. So now you're crying foul.
If you can evidence any of your claims, that is different. But as it stands you haven't.
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff