Cheeky but realistic low offers on houses / cars
Discussion
TwigtheWonderkid said:
Precisely. Offer, acceptance + consideration (usually money) = contract. You can offer, accept, counter offer, accept, counter offer, accept, withdraw acceptance etc for as long as you wish.
Not at all. Or at least, not in any environment I've ever worked in. Offer + acceptance = verbal, legally binding contract, which is why all our phone-calls are recorded as standard practice. Any paperwork which follows is for the record and for fact checking.
T'internet would seem to agree with me, as would some vague memory of a university module from long ago..
https://www.allaboutlaw.co.uk/stage/study-help/con...
Condi said:
Not at all.
Or at least, not in any environment I've ever worked in. Offer + acceptance = verbal, legally binding contract, which is why all our phone-calls are recorded as standard practice. Any paperwork which follows is for the record and for fact checking.
T'internet would seem to agree with me, as would some vague memory of a university module from long ago..
https://www.allaboutlaw.co.uk/stage/study-help/con...
Verbal agreements are not legally binding in property sales where i reside.Or at least, not in any environment I've ever worked in. Offer + acceptance = verbal, legally binding contract, which is why all our phone-calls are recorded as standard practice. Any paperwork which follows is for the record and for fact checking.
T'internet would seem to agree with me, as would some vague memory of a university module from long ago..
https://www.allaboutlaw.co.uk/stage/study-help/con...
popeyewhite said:
TwigtheWonderkid said:
He always had a choice. If Noodle had offered him £500 in cash for the house, the seller would obviously had said f
k off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable.
No, they had to take it for fear of it dropping further.k off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable. Equally, it Isnt ethical to reneg on a previously accepted offer and chip away. Agreed, it can work that way if people are desperate, but it’s the lowest form of approach. If it was tried on me, the sale would be cancelled and that bidder would be removed from any further negotiation.
By all means, negotiate hard beforehand and drive the best deal you can, but not after both parties are agreed on a deal. That’s simply wrong
By all means, negotiate hard beforehand and drive the best deal you can, but not after both parties are agreed on a deal. That’s simply wrong
TwigtheWonderkid said:
popeyewhite said:
TwigtheWonderkid said:
He always had a choice. If Noodle had offered him £500 in cash for the house, the seller would obviously had said fk off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable.
No, they had to take it for fear of it dropping further.k off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable. 
Noodle1982 said:
popeyewhite said:
And you know all the other financial circumances they faced do you? 
No, but I do know they've got £45k less than they were hoping for.This is very interesting regarding noodle.
I really dont know how I feel, part of me is hmm its a bit of stty thing to do, but another part of me is dog eat dog he did well, don't hate the player hate the game etc.
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
I really dont know how I feel, part of me is hmm its a bit of s
tty thing to do, but another part of me is dog eat dog he did well, don't hate the player hate the game etc.I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Noodle1982 said:
Mate, i was buying a house not agreeing some multi million pound international trade deal.
Most people are more clued up with thiscand know if they drop the advertised price, then they will get more offers.
Which again brings me back to my earlier statement, echoed by others: I'd tell you to go f
k off and exclude you from all future offers, low or high because you are a waste of fking time. If I really need the cash, I can sell it at a lower price to somebody else who isn't jerking it. Ilovejapcrap said:
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Yup, I've made low offers to people in financial distress. I even made a low offer to somebody whose wife had cancer. That's business. Having an offer accepted then lowering it isn't business, it's just being a dick. Ilovejapcrap said:
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Because that was exactly what Mr Integrity did, wasn't it FFS.DurianIceCream said:
Yup, I've made low offers to people in financial distress. I even made a low offer to somebody whose wife had cancer. That's business. Having an offer accepted then lowering it isn't business, it's just being a dick.
Agreed. And in business, nobody deals with dicks.
It can depend on the market. If the market is rising rapidly then your lowball offer will be ignored while they wait for the market to rise and make the price advertised a realistic one. Making an offer that is too low they reject is fine. Agent just says to them, 'we have this offer of 20% under' they say 'no thanks' and that is it. You are just saying what it is worth to you. I paid 105k for my place, it was advertised at 110k and they actually had an offer of that after they accepted my offer but did the honourable thing of sticking to my offer. It was an estate sale so I don't think they were too bothered by that 5k, but for me, a new buyer on a low income scraping enough for a deposit and borrowing all they would allow, it was all I could afford. Lucky they did because it is now worth about 140k+ and I could not have bought anything if I had waited any longer. When I look at my mortgage statement I think that could have been 5k more if I hadn't of had a go.
Recently I bought a car offered at 3600. It was a high mileage but that was already reflected in the price. I said to myself that I would only offer 3k, as I would only take it on if it was a bargain. When they accepted I had a bit of an 'oh st what have I done' moment as I was fully expecting it to be rejected.
My advice would be to put in a cheeky punt, but be prepared for it to actually be accepted.
Recently I bought a car offered at 3600. It was a high mileage but that was already reflected in the price. I said to myself that I would only offer 3k, as I would only take it on if it was a bargain. When they accepted I had a bit of an 'oh s
t what have I done' moment as I was fully expecting it to be rejected.My advice would be to put in a cheeky punt, but be prepared for it to actually be accepted.
popeyewhite said:
Ilovejapcrap said:
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Because that was exactly what Mr Integrity did, wasn't it FFS.DurianIceCream said:
Ilovejapcrap said:
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Yup, I've made low offers to people in financial distress. I even made a low offer to somebody whose wife had cancer. That's business. Having an offer accepted then lowering it isn't business, it's just being a dick. Ilovejapcrap said:
popeyewhite said:
Ilovejapcrap said:
I wonder how many people commenting have ever got something cheap for example a second hand push bike as the bloke didn't have a shed anymore and felt that was OK, because of course that is benefiting from someone else misfortune and ethically is just the same as what noodle is getting attacked for ?
Because that was exactly what Mr Integrity did, wasn't it FFS.Gassing Station | The Lounge | Top of Page | What's New | My Stuff