We fell in love with a property on Saturday and its open day. The property has only gone on the market a few days earlier. It's a popular area but this street often has them up for sale. There were 3 other couples there. We liked the property a lot and it was only very slightly above budget. We made an offer less than 2 hours later and were told soon after that it was a bidding war between us and another couple. 3 days later and after lots of negotiations back and forth, agent came back to us and said that they had 2 identical offers on the table: we were both first time, cash buyers bidding the same amount. Reluctantly, we put in an extra £500 yesterday which is at the very top of our budget and only £1000 under asking price.
Today we were called back by another agent in the same form saying the person we had been dealing with before was now on holiday. Lady said she'd left a message with the vendor but in the mean time she wanted proof that we did have the funds in place for the cash purchase. We sent this over very quickly. On further probing, she said that the offers were the same but that they were mortgaged and not cash like us. It made it sound like we were definitely in a stronger position. Late this afternoon, she called and said that the vendor decided to go for the other couple who had offered the same amount of money but with a mortgage in principle.
I was disappointed but OH is very angry at agent and feels theres been some miscommunication. He thinks the agent he spoke to yesterday who said the other buyers were cash like us only lied to encourage us to bid more money.
I'm baffled that a vendor in this position would pick a mortgage over a cash purchase. The only feedback that agent could give us was that the other party had made an initial offer first but even if that is the case, there can't have been more than an hour in it..
Do you think the agent is lying to us about the other buyers?
I told them we were disappointed and would leave the offer on the table but in truth we are absolutely gutted. Am I being unreasonable to think that this is poor behaviour even for estate agents?
This isn't in london/south east by the way.
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AIBU?
Are we being lied to by the estate agent? AIBU to be so suspicious
38 replies
notamum3210 · 27/10/2015 22:28
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WizardOfToss ·
28/10/2015 07:47
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