House Offer

[L3nny]

Originally Posted by Bri w

£230k for 4 bed detached!

The one we're buying is a brand new 4 detached with garage, all singing all dancing, full carpeted, landscaped gardens, upgraded kitchen with all the white goods............................................. ..... £155k

Is it next to a nuclear power station or something?? That is crazy cheap. Near me that would be at least double that.

[L3nny]

Originally Posted by Spank86

Generally speaking once a house is under offer and has been accepted by the seller the estate agents wont take any more offers.

Are you joking?? I know a few people who have been gazumped. The estate agent will get the best price they can, even if the exchange date is the next day!

Originally Posted by L3nny

Are you joking?? I know a few people who have been gazumped. The estate agent will get the best price they can, even if the exchange date is the next day!

NO, I'm, not joking. When I bought my place 2 years ago they treated it as a deal in progress from the moment the offer was accepted.

OK so If someone had gone direct to the seller they could have gazumped me but the estate agent took it off the website and wasn't offering viewings.

[L3nny]

Originally Posted by Spank86

NO, I'm, not joking. When I bought my place 2 years ago they treated it as a deal in progress from the moment the offer was accepted.

OK so If someone had gone direct to the seller they could have gazumped me but the estate agent took it off the website and wasn't offering viewings.

Ah ok, sorry I see what you mean, yes, they did the same for me although they didn't remove it from the website, they just put under offer next to it.

Things have died down a bit now so it's not so bad but in the "boom" 10 years ago estate agents were getting so many offers, all of which they have to forward to the seller, that a lot of gazumping was going on, happened to a mate of mine a week before he was due to move in. He lost about £1500!

The point I am trying to make is an offer is just that, until you sign the documents you haven't bought anything.

Originally Posted by Bri w

£230k for 4 bed detached!

The one we're buying is a brand new 4 detached with garage, all singing all dancing, full carpeted, landscaped gardens, upgraded kitchen with all the white goods............................................. ..... £155k

Ours had re-fitted kitchen and bathroom, decorated the lounge before we moved in. Whole upstairs still needs doing. Garden was massively overgrown. Expensive down south it is.

Originally Posted by L3nny

Is it next to a nuclear power station or something?? That is crazy cheap. Near me that would be at least double that.

No, the old lady who lived there died and the man moved to a home, their son let it out to his niece for 6 months or so then she moved out so he and his brother put it on the market, as I say it was on for 18 months at £350k then that dropped to £280k then £250k, we then offered £230k and they accepted. One brother lived in Hastings and the other somewhere in London so I think they just wanted shot of it in the end.

Originally Posted by L3nny

The point I am trying to make is an offer is just that, until you sign the documents you haven't bought anything.

For definite, but it's not nearly so bad as it used to be, people used to get gazumped all over the place, these days you'd have to make an effort to do it to someone.

I guess estate agents have realised that in this climate every house off their books is one more deal done and the quicker the better, that way they make their money and move on to the next, gazumping drags things on and on while they wait for their cash.

[andrewsmith]

Originally Posted by L3nny

Is it next to a nuclear power station or something?? That is crazy cheap. Near me that would be at least double that.

Its in Teesside

enough said!

Originally Posted by andrewsmith

Its in Teesside

enough said!

Its in Reading in Berkshire, bout 40 miles from London.

[andrewsmith]

Originally Posted by daveyrach

Its in Reading in Berkshire, bout 40 miles from London.

I was on about BriW's potential new gaff

Originally Posted by andrewsmith

I was on about BriW's potential new gaff

Oh sorry, we looked at houses up in Lincoln where my brother-in-law lives, 4 bed house bigger than ours with detached garage and large garden for £190k