Hi all,
The other day i saw a new listing for a property that i knew i wanted - exact amount of land area i needed, perfect suburb for me, nice house. So i acted quickly and made an offer early next morning. The offer i made was the asking price because i wanted this BAD. This is what the REA tells me:
- thanks for the offer and that the vendor will advise me of the decision when he receive's their response. It's a public holiday here in Adelaide this coming Monday, so the vendor "will not be considering offers until Tuesday and we will expect their decision on Wednesday".
I'm like, huh?? First of all, they can't look at offers on a public holiday???? Whaa??? Secondly, i offered the asking price, what more could they want? So i followed up with another email saying, that I really would like to secure this property before someone else does. Is there any way we can fast track this? I told him that isnt offering the asking price enough? He replies:
- that the property is being listed for the first time in the newspaper on Saturday
- that the vendor insists all buyers be given chance to make an offer
- that many offers have been received already (this is early the following morning by the way - define "many")
- and that noone will be given preferential treatment
Ahem? Why continue advertising when there's already a buyer willing to fork out the price that you want? Hello??!! Over here!! Fair enough that the vendor wants to see all offers, but cmon, what is he expecting, offers higher than the asking price? And preferential treatment? LOL i couldn't believe he even said that. I wasn't asking for preferential treatment, i was offering to buy the property for the amount they wanted! No preference required. He's making it seem like this is an auction or something.
I've never encountered this before, have any of you? Is it a common thing that agents/vendors do? They want a certain amount for a property and someone offers it immediately, but they dont act on it... is this standard REA behaviour?
Rant over.
Thanks.
The other day i saw a new listing for a property that i knew i wanted - exact amount of land area i needed, perfect suburb for me, nice house. So i acted quickly and made an offer early next morning. The offer i made was the asking price because i wanted this BAD. This is what the REA tells me:
- thanks for the offer and that the vendor will advise me of the decision when he receive's their response. It's a public holiday here in Adelaide this coming Monday, so the vendor "will not be considering offers until Tuesday and we will expect their decision on Wednesday".
I'm like, huh?? First of all, they can't look at offers on a public holiday???? Whaa??? Secondly, i offered the asking price, what more could they want? So i followed up with another email saying, that I really would like to secure this property before someone else does. Is there any way we can fast track this? I told him that isnt offering the asking price enough? He replies:
- that the property is being listed for the first time in the newspaper on Saturday
- that the vendor insists all buyers be given chance to make an offer
- that many offers have been received already (this is early the following morning by the way - define "many")
- and that noone will be given preferential treatment
Ahem? Why continue advertising when there's already a buyer willing to fork out the price that you want? Hello??!! Over here!! Fair enough that the vendor wants to see all offers, but cmon, what is he expecting, offers higher than the asking price? And preferential treatment? LOL i couldn't believe he even said that. I wasn't asking for preferential treatment, i was offering to buy the property for the amount they wanted! No preference required. He's making it seem like this is an auction or something.
I've never encountered this before, have any of you? Is it a common thing that agents/vendors do? They want a certain amount for a property and someone offers it immediately, but they dont act on it... is this standard REA behaviour?
Rant over.
Thanks.