Go Back   Askaboutmoney.com > General Financial Issues > Mortgages and buying and selling homes

Reply
 
Thread Tools
  #1  
Old 16-04-2012, 02:44 PM
Maybrick Maybrick is offline
Frequent Poster
 
Posts: 81
Default Making a bid - phone or email?

Just wondering - when you're bidding on a property, does anyone have an opinion on whether it's best to do it verbally over the phone or put it in writing through an email? Or do you think it makes any real difference?
Reply With Quote
  #2  
Old 16-04-2012, 03:00 PM
Brendan Burgess Brendan Burgess is online now
 
Location: Dublin
Posts: 24,333
Default

Hi Maybrick

I would have thought that making it in person to the auctioneer is the best approach. You can probably pick up some information from their response.
Reply With Quote
  #3  
Old 16-04-2012, 03:51 PM
Maybrick Maybrick is offline
Frequent Poster
 
Posts: 81
Default

Thanks Brendan - I just wondered if there was a standard practice on this issue. But is it perhaps a good idea to put the bid in writing as well, just to make it more official?
Reply With Quote
  #4  
Old 16-04-2012, 05:01 PM
Padraigb Padraigb is offline
Frequent Poster
 
Posts: 1,734
Default

I'd make a bid verbally, preferably in a face-to-face situation.

Let's be realistic: people sometimes make a bid knowing that it has no chance of being accepted; it's just a step in the negotiating process. If I got to the point of making a bid that I was sure would (or should) be taken seriously, I'd probably confirm it in writing.
Reply With Quote
  #5  
Old 16-04-2012, 05:28 PM
Maybrick Maybrick is offline
Frequent Poster
 
Posts: 81
Default

Interesting, thanks Padraig. Making a bid face to face is rarely practical, though. To be honest, I am slightly surprised that bidding by email is not the norm now - if only because it's sometimes hard to reach agents by phone.
Reply With Quote
  #6  
Old 17-04-2012, 09:25 AM
huskerdu huskerdu is offline
Frequent Poster
 
Posts: 1,893
Default

Quote:
Originally Posted by Maybrick View Post
Interesting, thanks Padraig. Making a bid face to face is rarely practical, though. To be honest, I am slightly surprised that bidding by email is not the norm now - if only because it's sometimes hard to reach agents by phone.
The last time I bought a house was before smart phones and email was a useless way to bid. The EA would not the bid unless they were physically in their office.
The advantage of the phone is that the EA has the phone on them all the time, and if they don't take the call, they will get the message quickly,.
Reply With Quote
  #7  
Old 17-04-2012, 09:52 AM
Brendan Burgess Brendan Burgess is online now
 
Location: Dublin
Posts: 24,333
Default

From a negotiating point of view, I would make sure to be talking to the agent when making the bid.

I wouldn't email. I wouldn't leave a voicemail.

If you call them a few times and they don't return your call, then I would either leave a voicemail or contact the vendor directly with the bid.

Brendan
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 09:27 AM.