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  • Profile photo of RobertoHRobertoH
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    @robertoh
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    June 16, 2013 - 11:30 pm

    I thought loss of face mightbeanother reason an agent might not present your offer.

    ie. when the agent has promised the vendor a high price for his property, and then has the embarrassment of only having offers much lowere than that figure to present to the vendor.

    In that instance, might it be less embarrassing from the agents perspective to simply to forward on such offers?

    Profile photo of RobertoHRobertoH
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    June 14, 2013 - 7:05 am

    Sorry, I don't follow – what happens if the vendor accepts my friend's offer?!

    Profile photo of RobertoHRobertoH
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    June 14, 2013 - 2:33 am

    Would this be likley to get the agent offside at all?

    Profile photo of RobertoHRobertoH
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    June 14, 2013 - 1:52 am

    No, we are not considering development of the block.

    How is it possible to assess whether the roots have entered the sewer/drainage pipes?

    Profile photo of RobertoHRobertoH
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    June 14, 2013 - 12:53 am

    Can someone please elaborate on the above points?

    Thanks in advance, and thanks once again for all of your advice thusfar.

    :)

    Profile photo of RobertoHRobertoH
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    June 13, 2013 - 2:20 am

    Right, thanks Jamie.

    Should i just call him up in such an instance – ie. really informal?

    Also, is asking the agent how much longer he is likely to be listing this property for likely to set alarm bells ringing…

    …or alternately create an impetus for him to get the vendor to lower his expectations whilst the property is still listed with the agency, in the hopes of still snaring a sale?

    Profile photo of RobertoHRobertoH
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    June 13, 2013 - 12:47 am

    Thanks Nigel.

    So if I was to approach the vendor after the end of the listing (to correctly ascertain his/her motive) what would be the correct etiquette, and are you then obligated to notify the previous agent?

    Profile photo of RobertoHRobertoH
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    June 13, 2013 - 12:44 am

    Nigel Kibel wrote:

    The only way is to sign a contract with a deposit. By law the have to pass on the offer. However the agent does not have to pass on a verbal or an emailed offer because it is not enforceable. With a written contract if they accept you d have to proceed. However it is important that you buy subject to finance, building inspection so that you have an out

    Hang on…but isn't an offer (as submitted by my lawyer, on my behalf) different from a contract?

    Also, if you submit an offer via your lawyer, does that mean that the agent is obligated to present it?

    I thought the process was:

    • make offer (either verbal, via email, or in writing, or in writing via lawyer)

    • get acceptance

    • await for contract

    • contract signed by both parties, thus making it binding

    Is that not correct?

    Profile photo of RobertoHRobertoH
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    June 13, 2013 - 12:43 am
    Nigel Kibel wrote:
    The only way is to sign a contract with a deposit. By law the have to pass on the offer. However the agent does not have to pass on a verbal or an emailed offer because it is not enforceable. With a written contract if they accept you d have to proceed. However it is important that you buy subject to finance, building inspection so that you have an out

    Hang on…but isn't an offer (as submitted by my lawyer, on my behalf) different from a contract?

    Also, if you submit an offer via your lawyer, does that mean that the agent is obligated to present it?

    I thought the process was:

    • make offer (either verbal, via email, or in writing, or in writing via lawyer)

    • get acceptance

    • await for contract

    • contract signed by both parties, thus making it binding

    Is that not correct?

    Profile photo of RobertoHRobertoH
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    June 10, 2013 - 11:11 pm
    Jamie M wrote:
    There's 101 tricks/tactics that are used by agents – the problem is, it's not always possible to catch them out on it.

     

    Indeed – and it would be inadvisable to point it out to them if you did.

    I've got an agent claiming to me that the reason his vendor wants such a high price (over market value), is that he 'sold' the property at that value previously, but the deal fell through.

    Seems like a dubious and transparent ploy to get me to raise my offer…any way that I can check if a property has ever been under offer?

    (and when, and at what price?)

    Profile photo of RobertoHRobertoH
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    June 10, 2013 - 12:38 pm

    ^^^

    yeah, I would like to know this, too.

    Profile photo of RobertoHRobertoH
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    June 10, 2013 - 8:41 am

    Oh, I've never heard of that one. Thanks for the tip!

    uh…what's a S66W?!

    Profile photo of RobertoHRobertoH
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    June 10, 2013 - 6:55 am

    Uh…anyone?

    Profile photo of RobertoHRobertoH
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    June 10, 2013 - 6:55 am

    Thanks for that link. I've actually seen that site before, and unfortunately it doesn't have very comprehensive listings. No data about which agent it was with, no photos etc.

    Are there any other resources that could be used for this kind of research?

    Profile photo of RobertoHRobertoH
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    June 3, 2013 - 3:31 am

    Also, what is the protocol for approaching a seller directly, after the agent's authority over the property has expired?

    (is this likely to get a better price, or not – keeping in mind that the seller would no longer have to pay a comission?)

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