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What can you do if you would like to offer on a house which you know has been hugely overpriced by the agent?

3 bed semi in sg7 in need of complete refurb, outrageously expensive, have offered but never got a reply, perhaps I wasn't taken seriously???

Asked on Sep 9 2011, House Prices in Baldock | Report content

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  • You are perfectly within your right to make an offer on this property, at any level that you feel this home is worth to you. The agent has an obligation to acknowledge your offer in writing, and he is duty bound to inform his client as well. Of course, your offer may not be acceptable, but this does not mean that you should be ignored. I would suggest to confirm your offer in writing (and keep a copy) and hand deliver it to the agent, then their can be no mistake that they were not aware of your interest. The only time the seller may not be informed of your offer, is if they have given instructions to the agent to reject any offer below a certain level on their behalf.

    Answered on Sep 10 2011, Report content
  • I know a number of agents who have had to answer to the office of fair trading for not putting offers forward to their clients having assumed the level would be of no interest. If the property is still on the market then your assumption on value is clearly correct as anything worth buying at the moment is selling. Persistence is key here. Ask for the seller's exact response to the offer and try and deduce if there is a level that would be acceptable. Even a low offer is usually met with some sort of guide on price or even better a counter offer figure. Good luck!

    Answered on Sep 16 2011, Report content

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