Cheeky but realistic low offers on houses / cars
Discussion
Jonesy23 said:
That's an utterly s
t way to deal with someone.
You're lucky they didn't burn the place the day after moving out.
I don't see it as being any more or less ethical than the greedy, kite flying, chancers putting their houses on the market for 20% or 30% more than they're realistically worth in the hope that some gullible mug will rock up and pay their inflated asking price.t way to deal with someone.You're lucky they didn't burn the place the day after moving out.
DELETED: Comment made by a member who's account has been deleted.
He got £45K off. If that was on a 25 year mortgage, how much has that saved him in total? If he's got a wife and kids to provide for, it would be a st way to treat them not to screw the seller over. That kind of saving could help put a kid thru private education, or school trips abroad etc. Could make a big difference in his family's lifestyle...which is his job. Being popular with the seller or bods on the internet isn't his job. I had a feeling my experience would divide opinion.
At the time i was 19yrs old. I had my parents and work colleagues telling me that's not the way to buy a house. My reply was always 'why not?'
Over the duration of the mortgage that £45k would have translated to approx £90k. Ninety thousand pounds! Save £90k at the risk of slightly offending someone that i had never met and was never likely to meet?.....easy decision.
At the time i was 19yrs old. I had my parents and work colleagues telling me that's not the way to buy a house. My reply was always 'why not?'
Over the duration of the mortgage that £45k would have translated to approx £90k. Ninety thousand pounds! Save £90k at the risk of slightly offending someone that i had never met and was never likely to meet?.....easy decision.
Noodle1982 said:
he way to buy a house. My reply was always 'why not?'
Over the duration of the mortgage that £45k would have translated to approx £90k. Ninety thousand pounds! Save £90k at the risk of slightly offending someone that i had never met and was never likely to meet?.....easy decision.
DELETED: Comment made by a member who's account has been deleted.Over the duration of the mortgage that £45k would have translated to approx £90k. Ninety thousand pounds! Save £90k at the risk of slightly offending someone that i had never met and was never likely to meet?.....easy decision.
You're just being a bit melodramatic.
Noodle1982 said:
Over the duration of the mortgage that £45k would have translated to approx £90k. Ninety thousand pounds! Save £90k at the risk of slightly offending someone that i had never met and was never likely to meet?.....easy decision.
No problem with negotiating down... good luck to you for that. But the tactics used suggest you have no moral compass, you are a liar & a cheat.
This maybe akin to the rules of war, but as in war there is a certain morality that must be respected.
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What utter nonsense. Sticking to just the housing market rather than the entire planet... if anything part of the reason the housing market is f
ked is because there are too many gullible, naive, mugs out there taking on what will be a lifetime of mortgage debt to pay inflated bubble prices, rather than being a little more savvy.Noodle1982 said:
I offered 115k. They accepted so i then offered 100k. They refused. A few weeks later when they hadnt had any other offers come in they agreed to the 100k, so i then offered them 90k. Fast forward a few weeks and same scenario so i then offered 80k
I would have just told you to fk off from the outset and had nothing more to do with you . In a land where nothing is binding until late in the process, confidence between buyer and seller is everything. Lowering your offer just marks you as unreliable and I'd form the opinion that you can't be trusted and could fk it up at any moment and cost me time and money. This would be a business decision for me: you are a waste of my time. It might have worked for you that time, but I'd think it unlikely to work in general. As for no other offers, the seller lowering the headline price would likely have attracted other offers, without the PITA factor.
Noodle1982 said:
I'd say angry, highly strung people like yourself are more of a contributing factor to the world being f
ked.That said, the sellers were a bit daft to keep accepting offers from the him.
People in general are poor negotiators and far too keen to keep their counter-party happy, which allows people like Noodle to do what he did. I dont agree with either acting like a t
t or being too nice. In general people who start from unrealistic negotiating positions are more likely to be difficult further down the road. The seller obviously thinks its worth what (or nearly what) they're asking for it. Insulting their valuation and opinion is not a good start to any negotiation, and I have on many occasions turned round and refused to negotiate with people who take the piss from the start.
Edited by Condi on Saturday 14th July 21:00
Condi said:
What Noodle did was take the piss, and in business/trading/negotiations in 99% of life's situations, once they had accepted your offer you would have entered a legally binding contract to buy the item. Quite why property law is so totally different I dont know, but its one of the few situations you can walk away from an accepted offer and IMO isnt good for the housing market. Its one area Scottish law works better than English law.
That said, the sellers were a bit daft to keep accepting offers from the him.
People in general are poor negotiators and far too keen to keep their counter-party happy, which allows people like Noodle to do what he did. I dont agree with either acting like a tt or being too nice.
In general people who start from unrealistic negotiating positions are more likely to be difficult further down the road. The seller obviously thinks its worth what (or nearly what) they're asking for it. Insulting their valuation and opinion is not a good start to any negotiation, and I have on many occasions turned round and refused to negotiate with people who take the piss from the start.
Good post and i agree 100%That said, the sellers were a bit daft to keep accepting offers from the him.
People in general are poor negotiators and far too keen to keep their counter-party happy, which allows people like Noodle to do what he did. I dont agree with either acting like a t
t or being too nice. In general people who start from unrealistic negotiating positions are more likely to be difficult further down the road. The seller obviously thinks its worth what (or nearly what) they're asking for it. Insulting their valuation and opinion is not a good start to any negotiation, and I have on many occasions turned round and refused to negotiate with people who take the piss from the start.
Edited by Condi on Saturday 14th July 21:00
I really cant see why people are getting their knickers in a twist in this thread. I gave a 'cheeky but realistic low offer' on a house, as per the thread title, and i'm met with insults and abuse.
It's a strange ol' world.
I'm with Noodle on this. Buying and selling houses is dog eat dog. You go into it knowing that if you are selling, you might get screwed over buy the buyer. And plenty of buyers get screwed over by the seller. There's huge sums of money involved, and everybody wants to do the best for themselves and their family.
Noodle saved £45K, which equates to £90K over the mortgage term, by screwing over someone who could have walked away from the deal at any point. But didn't. Perhaps he was desperate to sell, and Noodle benefited from his desperation.
Also, Noodle broke no laws, unlike someone who drives at 71 mph on the motorway.
And all this at the age of 19. Good on him I say.
And I speak as someone who has bought and sold a few properties, screwed people over price and been screwed by others. But to quote The Godfather...."it was never personal, it was only ever business"
Noodle saved £45K, which equates to £90K over the mortgage term, by screwing over someone who could have walked away from the deal at any point. But didn't. Perhaps he was desperate to sell, and Noodle benefited from his desperation.
Also, Noodle broke no laws, unlike someone who drives at 71 mph on the motorway.
And all this at the age of 19. Good on him I say.
And I speak as someone who has bought and sold a few properties, screwed people over price and been screwed by others. But to quote The Godfather...."it was never personal, it was only ever business"
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