I am surprised that you find your position defensible. I truly hope I never have to business with anyone like you, if you wanted to pay 15k less you should have offered it in the first place, you sound like you have no honour. It's not honesty and gullibility, it's decency and empathy.
Estate Agent tactics
Successful business men didn't get to the top by being nice to people - and when big money
No, it is well known that most "successful" business men are sociopaths. That they don't give a **** about anyone but themselves.
Sorry to break it to you but most people want an easy life and shafting other people tends not to be the easy option. You make an agreement and game over.
Salesmen are on the whole ****s but that is a different discussion.
No doubt they'd take the higher offer (despite their comments on here...) - who wouldn't want to be £15,000 better off? No different, apart from the seller is screwing over the buyer.
The flaw in your logic is that the person offering is probably as much as a **** as you. Which means he will probably mess you around before completion.
Also, plenty of valid reasons for rejecting the 2nd offer have been given above.
By the way, if your business model is so successful, why is £15k "loads" of money to you?
I think my last buyer was a xiphon clone.
On the day of exchange he rang to reduce the offer by £10,000. After all manner of dicking around waiting for him (self-employed) to get his finances in order.
He was told to eff off. We held our nerve and it went through at the agreed price. I would have let it collapse and sold to someone who was a half decent human being.
And this thread started off being about how bad EA's are; it's turned into how venal some buyers and sellers are.
I'm starting to feel some sympathy for them. It's a new experience.
Xiphon - firm but fair is usually the best practice in business. My two previous bosses and current senior partner in my business are all net worth, self-made, of +£100M (fairly successful then). All are firm but fair in business. Try to renegotiate on a (verbal) contract like this and you wont be in business long.
Also if you did this on a house sale I was involved in I'd be telling you where to go like everyone else.
I later receive an email saying the order was cancelled, money refunded, and the price of drives had risen 15%so they didn't keep your money and say "the price has changed now, pay up the extra 15% or lose your money." That's not very cut-throat of them is it? Surprised you didn't tell them to stop being a bunch of handwringing losers and get some business acumen.
With house sales by and large you are messing with peoples lives. Try that shit when you want to buy someone's bike/car whatever and you'll probably just get told to **** off for time wasting or the seller figures he can handle the loss in money just to get shut. Do it with a house sale with the families entire belongings in the van, new family waiting outside with all their gear....you could be making life really hard for a family or a few. Really, really shitty thing to do.
Seems integrity is just a word to a lot of people.
toys19 - Member
PS TINAS you essentially agreed with me regarding legal culpability prior to exchange yeah?
I said you might get away with it, try it with a seller with deep pockets and a better lawyer and you could find yourself paying their costs, and everyone elses in the chain. They'd just have to prove you'd entered a contract, which woul depend on how carefully you'd worded every bit of corespodance with them.
(I'm still not a lawyer)
Jeezus. Anyone who tried to **** me over like that on exchange day would be getting a house riddled with loose plumbing olives and earthless re-wiring. "A plague o' both your houses!"
We're currently selling two properties. Both estate agents are a bunch of useless ^%$^$6 ^$£@ .... (cont pg 94)
Well I moved to my current house in Surrey from London in the heat of the last boom - 2007. I got a buyer for my house offering me the asking price and I had my offer accepted on the house I wanted. Now as prices were moving so quickly I had another agent, Foxtons, promising me that they could get 10% over the price I'd agreed for mine (a lot more than £15k), I said I wasn't interested.
A few months later when we finally managed to complete I picked up the keys for my new place and EA told me someone had tried to gazump me but my seller told them he wasn't interested.
It's not all about trying to screw people over and maybe if I'd delayed things by switching buyers for more money maybe my vendor would have thought that he may as well do the same.
well I am not lawyer, but have always been told that exchange of contract is the point of no return, prior to that unless some other kind of agreement is in place then either side can pull out willy nilly..
I've reread everything and realized I wasn't paying attention the first time because I thought it was about the day of completion, not exchange. As for whether you're entirely without responsibility I wouldn't want to speculate if only because I'm too inattentive!
Xiphon - I love dealing with people like you (or at least how you describe you are). Very easy to play against normally because acting like that you remove any need for me to play fair. ScottChegg has it in one.
Flipside is, play nice with me and I'll play nice with you.
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