Estate Agent porky pies!

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Discussion

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
A house popped up on rightmove, I added it to my saved list, within a week, it had gone off the market. As we wanted to see it I got in touch with the agent and was told the owner wanted to do some tidying and painting, and that it was coming back on the market later that day! Result. I arranged a viewing.

The lady from the agents office that meet us for the viewing said a sale had fallen through....

Clearly it was one or the other.


V8mate

45,899 posts

190 months

Monday 4th September 2017
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Huntsman said:
A house popped up on rightmove, I added it to my saved list, within a week, it had gone off the market. As we wanted to see it I got in touch with the agent and was told the owner wanted to do some tidying and painting, and that it was coming back on the market later that day! Result. I arranged a viewing.

The lady from the agents office that meet us for the viewing said a sale had fallen through....

Clearly it was one or the other.
Maybe a sale fell through because the (prospective) buyer gave feedback that the decorative state it was in was a deciding factor to pull out?

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
V8mate said:
Maybe a sale fell through because the (prospective) buyer gave feedback that the decorative state it was in was a deciding factor to pull out?
I wondered about that, but it didn't add up, the place was well kept in all respects, sort of, ongoing well kept, but nothing fresh and new.

V8mate

45,899 posts

190 months

Monday 4th September 2017
quotequote all
Oh well. Just a 'cool story, bro' then.

In the league table of EA porkies, you're not even in the Vauxhall Conference.

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
V8mate said:
Oh well. Just a 'cool story, bro' then.

In the league table of EA porkies, you're not even in the Vauxhall Conference.
That made me chuckle.



AdamL7

23 posts

86 months

Monday 4th September 2017
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EA's always lie to try and make properties seem more attractive than they are. Not uncommon for them to trip up when they do this.


MorganP104

2,605 posts

131 months

Monday 4th September 2017
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V8mate said:
Oh well. Just a 'cool story, bro' then.

In the league table of EA porkies, you're not even in the Vauxhall Conference.
So true!

Some of the stuff I've been fed by estate agents over the years has been outrageous, mainly when it comes down to making up excuses regarding delays in the sale/purchase process.

I won't get into all that, but I will recount one of the more tame fibs I've been told. Many years ago, an estate agent told me there had been a "huge amount of interest" in a property I was looking to view. Nothing wrong in that, per se, though what he didn't know was that I had spoken to his colleague 30 minutes previously, who told me the property had been stinking up the books for months, with not so much as a sniff - not a single viewing. laugh

superlightr

12,861 posts

264 months

Monday 4th September 2017
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MorganP104 said:
V8mate said:
Oh well. Just a 'cool story, bro' then.

In the league table of EA porkies, you're not even in the Vauxhall Conference.
So true!

Some of the stuff I've been fed by estate agents over the years has been outrageous, mainly when it comes down to making up excuses regarding delays in the sale/purchase process.

I won't get into all that, but I will recount one of the more tame fibs I've been told. Many years ago, an estate agent told me there had been a "huge amount of interest" in a property I was looking to view. Nothing wrong in that, per se, though what he didn't know was that I had spoken to his colleague 30 minutes previously, who told me the property had been stinking up the books for months, with not so much as a sniff - not a single viewing. laugh
so as a seller of that property would you want your agent to say to a person wanting to view;

a) huge interest, great property, lovely, good location, have a look I'm sure you will like it or

b) no viewings I'm sure you wont like it even if you saw it.


who do the agents work for? for the agent to give feed back/advice to the seller as to why no interest is another kettle of fish but you are a purchaser not the vendor. no I'm not an EA.

DeltaTango

381 posts

124 months

Monday 4th September 2017
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Huntsman said:
A house popped up on rightmove, I added it to my saved list, within a week, it had gone off the market. As we wanted to see it I got in touch with the agent and was told the owner wanted to do some tidying and painting, and that it was coming back on the market later that day! Result. I arranged a viewing.

The lady from the agents office that meet us for the viewing said a sale had fallen through....

Clearly it was one or the other.
Technically what you were told in both instances is true.

I don't see the issue. If you like the house and it passes a survey then you can decide to buy it. Beyond that, who cares whether someone else has pulled out of a purchase.

Most buyer's 'reasons' for withdrawing from a purchase are equally if not more spurious. You have to say *something* after all, rather than 'ye just didn't fancy it anymore more mate'.

Non issue. Hope the house is nice and fits your needs.

Rude-boy

22,227 posts

234 months

Monday 4th September 2017
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If you think that Estate Agents are bad they have nothing on the Sellers and the Buyers.

At the end of the day, as another has pointed out, they are sales men and woman working for the seller. Keep that at the front of your mind when dealing with them and filter their communications accordingly.

Most importantly if an EA says something that is important in entreating you to contract to buy you MUST make sure that it is verified in written correspondence between the Seller's Solicitor and the Buyers solicitor.

A few years ago the Monday after a completion i have a ballistic client in reception telling me all about the £2k ride on mower and about £1k worth of other gardening equipment that the Seller was supposed to have been leaving. Seems that everyone knew that the Seller was leaving these but no one told the solicitors, nor were they on the forms. As such there was no recourse through the contract for the Client when they found that the Seller had decided not to leave them for him after all...

The Mad Monk

10,481 posts

118 months

Monday 4th September 2017
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Huntsman said:
A house popped up on rightmove, I added it to my saved list, within a week, it had gone off the market. As we wanted to see it I got in touch with the agent and was told the owner wanted to do some tidying and painting, and that it was coming back on the market later that day! Result. I arranged a viewing.

The lady from the agents office that meet us for the viewing said a sale had fallen through....

Clearly it was one or the other.
Don't worry about it.

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
DeltaTango said:
Technically what you were told in both instances is true.

I don't see the issue. If you like the house and it passes a survey then you can decide to buy it. Beyond that, who cares whether someone else has pulled out of a purchase.

Most buyer's 'reasons' for withdrawing from a purchase are equally if not more spurious. You have to say *something* after all, rather than 'ye just didn't fancy it anymore more mate'.

Non issue. Hope the house is nice and fits your needs.
No issue - we didn't like it.

She could have said, sale fell through, but she didn't, she lied and said owner took it off the market to tidy up, her colleague let the cat out of the bag.

What I really don't understand, is why they don't just tell the truth!


Rude-boy

22,227 posts

234 months

Monday 4th September 2017
quotequote all
Huntsman said:
No issue - we didn't like it.

She could have said, sale fell through, but she didn't, she lied and said owner took it off the market to tidy up, her colleague let the cat out of the bag.

What I really don't understand, is why they don't just tell the truth!
Because the first question you would be most likely to ask is "Why did the perspective buyer pull out?" This might be a simple "Oh, he had a job offer come up in Bolton" or it might be "Because her surveyor told her to run, not walk, away."



DeltaTango

381 posts

124 months

Monday 4th September 2017
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Huntsman said:
No issue - we didn't like it.

She could have said, sale fell through, but she didn't, she lied and said owner took it off the market to tidy up, her colleague let the cat out of the bag.

What I really don't understand, is why they don't just tell the truth!
She did tell the truth. She said that the owner took it off the market to tidy it up. What she didn't say is that a sale fell through, as it is not relevant, nor does it affect how nice / sellable a house is.

I am an EA. If a buyer pulls out of a purchase because they themselves lost the buyer of their own house, would I be publicising the fact? Most likely not, no, as clearly people jump to conclusions when they should be focused purely on the property and perhaps the surrounding chain, but nothing more.

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
Rude-boy said:
Because the first question you would be most likely to ask is "Why did the perspective buyer pull out?" This might be a simple "Oh, he had a job offer come up in Bolton" or it might be "Because her surveyor told her to run, not walk, away."
So its ok for the agent to conceal a known truth by saying something else?

Globs

13,841 posts

232 months

Monday 4th September 2017
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Selling leasehold as freehold seems to be a current trick to look out for..

DeltaTango

381 posts

124 months

Monday 4th September 2017
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Globs said:
Selling leasehold as freehold seems to be a current trick to look out for..
Surely it is immediately apparent what the tenure is as soon as the draft contract comes over from the seller's solicitor?

DeltaTango

381 posts

124 months

Monday 4th September 2017
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Huntsman said:
So its ok for the agent to conceal a known truth by saying something else?
No known truth was concealed, you didn't ask if a buyer had pulled out. If I was selling my house I would want the agent (who works for me not the buyer) to say it's just come back on the market and to encourage you to view, given the irrelevance of another buyer's decision making process to your own.

Globs

13,841 posts

232 months

Monday 4th September 2017
quotequote all
DeltaTango said:
Surely it is immediately apparent what the tenure is as soon as the draft contract comes over from the seller's solicitor?
Yes, but you've lost weeks by then, I guess the odd victim waves it through.

Huntsman

Original Poster:

8,083 posts

251 months

Monday 4th September 2017
quotequote all
DeltaTango said:
No known truth was concealed, you didn't ask if a buyer had pulled out. If I was selling my house I would want the agent (who works for me not the buyer) to say it's just come back on the market and to encourage you to view, given the irrelevance of another buyer's decision making process to your own.
Yes it was, just looked back through my mail, I asked why it had come back on and was told it was due to the seller wanting to tidy up a bit of decor, the truth was that a sale had fallen through.

I'm not bent out of shape about it, we didn't like it, and even if we had, we'll do our own due diligence via the solicitor conveyancing, but I just fail to see why all the silly obfuscation.