Estate Agents not letting us put in an offer?

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Hi all. We have no experience with dealing with estate agents so I was hoping someone would be able to advise on the below!

We really want to put in an offer on a property. It’s listed on Rightmove (and has been for 5 weeks), and is a £900,000 house on a street full of £2m+ properties. The area is full of elderly people in average properties that are then typically snapped up by developers and resold for insane amounts.

I initially rang hoping to view the property after it has been on the market for 2 weeks. I was told that there are to be no more viewings as the seller has accepted an offer in principle, but was waiting for them to sell their own house. End of call.

I rang back a week later and asked about the house again as it was still on RightMove. I was told that it was still on Right Move as it hadn’t sold as the seller was waiting for the buyers own house to sell. I asked if I could view as I may want to put an offer in too and was told no as the buyer had accepted the sellers offer (then surely it should be taken off of Right Move?).

A couple of weeks on and the house is still available to view. I rang off of another number and was told the same story again.

Can anyone shed any light onto this? Surely if the sellers are waiting on the buyers to sell, then they may still be interested in receiving new (potentially higher) offers? I can’t help but think something dodgy is going on by the estate agents as the house is such a bargain in a very desirable area.

Not sure the marketing details would state it needs £300k+ worth of work doing.
They would just state ’needs modernising’ or ‘in need of full refurbishment’🙂

I didn’t mean it would say that
( They aren’t in a position to quote anyway )

I meant it’s a large amount of money and if there are pictures you’d see that it was more than a new kitchen, bathroom and a paint job

Ah, it’s a shame that the images were misleading and that it wasn’t so underpriced after all.

Also a shame that even though you have sufficient inheritance to buy a £900k home outright without selling your existing home, you wouldn’t be able to get a mortgage on the new house and/or use the proceeds from selling your existing house to do the c£300k of work.

How odd that the OP said ‘it’s in great condition’ more than once but it now needs a full renovation! 😂

Sound like they got a bit carried away with the EAs’s motives rather than focusing on the actual house!

Perhaps more understandable that a previous viewer had put in a caveated offer, if they needed to go and have a think about how much headroom they would need for renovations on top of the asking price.

Exactly this 🤣

Maybe the other EA let you view just to placate you 😉🙈

It’s a fairly small house. All of the houses on the street have been completely knocked down and rebuilt (sometimes two on the plot of 1).

I had planned on pretty much keeping the house as it is, just maybe £100-£150k of improvements but it needs more than that.

We could, but we don’t want to. I don’t want to be paying off a mortgage for years when we don’t need to be.

I would file this under "if it seems too good to be true, it probably is". At least you got to see it and can move on

Oh so true! Thank god you didn't do that. You'd have been stuck with it

Given the price difference it clearly needed full renovation. EAs get up to all kinds of nonsense but rarely do they underprice… But you did well to get to see it.

🤦🏻‍♀️ You can’t get stuck with an offer you just withdraw it.

My advice was verbal offer contingent on viewing the property. In order to get her over the threshold. If you don’t like it you cancel it.

😂😂😂😂 True!

Still though it was hardly the previously suggested, giant conspiracy of wicked developers gatekeeping the high value, low price properties mwahahaha!

Anyway, I hope op moves on and doesn't get so agitated about the next one. It all seems like a storm in a teacup

That stuff does go on but far, far more often they’re just crap.