Gazundering!
excellent idea sir
Although over long periods of time house prices have never fallen.
It is only gazundering if an agreement has been made. If the vendor had accepted the offer and they and Neil had started processing the sale and Neil decided to lower his offer the day before exchange that is gazundering.
But no agreement has been made, so if the EA calls Neil next month and says the vendor will now accept his offer but Neil says my offer is now €220k that is not gazundering as no agreement has been reached.
It is only gazundering if an agreement has been made. If the vendor had accepted the offer and they and Neil had started processing the sale and Neil decided to lower his offer the day before exchange that is gazundering.
But no agreement has been made, so if the EA calls Neil next month and says the vendor will now accept his offer but Neil says my offer is now €220k that is not gazundering as no agreement has been reached.
I would not follow this strategy at all this will aggravate the seller and you will not go sale agreed. If the EA does come back I would place the bookin deposit subject to surveyors support and then if you want to gazund them do so when they are about to sign contracts using the surveyors report. Do not do so to an excessive amount or the deal will collapse. Use the surveyors report as a bargaining tool.
aha, thanks - useful definition iguana
so if, hypothetically, the EA comes back and says your 235k offer is good and OP then re-offers, say 215k instead, what would this be classified as?
how much would you recommend gazundering by comanche? Another 10k maybe due to 'strucutural issues'?
Hi Neil,He said there was no way in hell I would get a house on his books for €235k, my reply was....six months ago you would have said there is no way I would get a house for €275k, but Navan is full of them, brand new from €275-280.
I said €235k is what I thought the house was worth, and my offer stood.
Neil.
Hi Neil,
I have to say I'm finding this post very interesting and it has at times turned into a baying mob looking to get even with EA's, so i would take some of the advice with a large pinch of salt. I presume you are still interested in buying. if so consider your original opinion, you thought an offer of €255,000 was a good place to start considering asking price was €275,000 down from €285,000. Before contacted the EA you were given advice from Mercman, slinky and more suggesting €230/€235,000 and even some suggesting you should lower again. You now have told the EA that you think €235,000 is what its worth, but clearly that is not true, that is what some anonymous people who havn't even seen the property think it is worth and if you read back over some of their previous posts you may find a distinct pattern in their posts. Mercman - Ea's are rogues, go in low etc etc, Slinky seems to be following a very similiar tune, Thomas22 is still going in 20% below asking and still hasn't done a deal. So ask yourself is the advice in any way balanced or rational?
You are doing the buying, what is your gut feeling? If someone hadn't put the thoughts of an extra €20/25,000 saving in your head would you have thought the way you are now?.
I'm an EA so you can take my opinion as a vested interest if you like but i just think if you really do like it consider revising your position.