Cheeky but realistic low offers on houses / cars

[bloomen]

Jasandjules said:

Quite so. I would destroy the Law of Property Act if I was in power and install a system which matches the Scottish one.

The offers over thing would have to be binned though. I remember some property show where the EA sent the wrong email. The buyers paid something like 150 grand over the next highest offer.

It's adding an extremely unwelcome lottery element.

[TwigtheWonderkid]

schmalex said:

TwigtheWonderkid said:

schmalex said:

Wow. What an unscrupulous little st you are.

The first time you tried something like that on anything you were buying from me, you would have been soundly told to fk off and excluded from any process going forward.

Luckily for Noodle, he tried it on with someone who was desperate to sell, so couldn't adopt your high horse approach.

Why is my approach high horse? If someone chooses to fk me around, I’m under no obligation to deal with them

Quite right. You are perfectly entitled to get on your high horse.

[TwigtheWonderkid]

popeyewhite said:

TwigtheWonderkid said:

No, they accepted an offer of £45K less because due to their desperate circumstances, it was still an acceptable offer.

Exactly my point, thank you.

Changed your tune a bit from this

TwigtheWonderkid said:

They didn't have to do anything. No one had a gun to their head.

To this

TwigtheWonderkid said:

No, they accepted an offer of £45K less because due to their desperate circumstances

"Desperate cicumstances" that noodle-scumbag took as much advantage of as possible.

Err, if you read all my comments, they all amount to the same thing. Of course Noodle took advantage of the sellers desperation. Good for him. But the seller could have said no at any point. They didn't. Nobody was forcing them to sell at Noodles umteenth lower offer. They had to due to their own circumstances

[TwigtheWonderkid]

DRFC1879 said:

I also negotiate multi-million pound deals for a living. Blah blah, powerfully built, something about custard etc.

The bit schmalex seems to be forgetting (wilfully?) here is one of the first rules of buying & selling (which comes way before crossing into negotiation).

Rule 1. Is this (a) A one-off transaction or do you want to (b) forge an ongoing relationship?

If (a) drive for the very best deal you can get for yourself and sod everything else. a win-win in this situation probably means you haven't done your job properly.

If (b) Consider the other party's stance, set out a field of play and try to guess where the overlapping area of what is acceptable to both parties (zone of potential agreement/ZOPA) lies. It doesn't matter where in that zone your final agreement sits, it's still an acceptable outcome that works for both parties going forwards.

A house purchase is firmly in scenario a. Well done, noodle.

Spot on.

[popeyewhite]

TwigtheWonderkid said:

Err, if you read all my comments, they all amount to the same thing.

Straight from the horses' mouth.

[GT03ROB]

Noodle1982 said:

Mr2Mike said:

Noodle1982 said:

I had a feeling my experience would divide opinion.

"divide opinion" = you think it was fine, almost everyone else thinks you were a tt

Exactly. Divided opinion.

To be fair to Mr Noodle, not that he deserves to be treated fairly mind, he didn't claim it was an equal division.

He's still a tt though. But he is growing on me.

[alfaman]

DurianIceCream said:

Noodle1982 said:

Mate, i was buying a house not agreeing some multi million pound international trade deal.

The only reason this worked, unless there was something wrong with the house which was expensive to fix, is that the sellers were chumps. They were inexperienced.

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 fk 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.

If you go in with a very lowball offer and/ or time bounded offer ... then either negotiate up from that ... fine.

But to not honor the offer you put on the table is being a tt ... as a seller I would no longer trust you to complete the deal.

However I would have carried on with you - waited until you had spent time and money on surveys and arranging funding .... then at completion insisted the price went back up to the first agreed offer.

If buyer didn’t agree ...just walk away and then block the buyer from any future discussion.

And sell to someone else.

[was8v]

DRFC1879 said:

I also negotiate multi-million pound deals for a living. Blah blah, powerfully built, something about custard etc.

The bit schmalex seems to be forgetting (wilfully?) here is one of the first rules of buying & selling (which comes way before crossing into negotiation).

Rule 1. Is this (a) A one-off transaction or do you want to (b) forge an ongoing relationship?

If (a) drive for the very best deal you can get for yourself and sod everything else. a win-win in this situation probably means you haven't done your job properly.

If (b) Consider the other party's stance, set out a field of play and try to guess where the overlapping area of what is acceptable to both parties (zone of potential agreement/ZOPA) lies. It doesn't matter where in that zone your final agreement sits, it's still an acceptable outcome that works for both parties going forwards.

A house purchase is firmly in scenario a. Well done, noodle.

Yep, if you a sociopath - like most corporations are, and like many otherwise nice caring family folk become when they enter the boardroom.


If you are normal human being then this is considered way outside of normal socially acceptable behaviour.

[13aines]

Integroo said:

Depends on the market and the product. Houses in Edinburgh for examples are going for as much as 10-30% OVER the asking price.

Makes buying a house an absolute nightmare as you need deposit + fees + whatever the over asking price is, in cash, as you'll only get a mortgage up to home report value.

Thankfully despite paying £13k over asking price in final bids for our house this year, the house was valued at that price - although we had the cash to cover it if not.