Spring babies club (due in March, April, May 2011)
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By diable rouge · Posted
It's certainly a risky strategy, as well as ticking everyone off, the gazunderer risks losing the property and also their costs incurred during the process e.g. legal & survey. It's hard to mitigate against but I always think that if you're desperate to sell, don't ever convey that to your estate agent, as that info more than likely gets passed on to potential buyers. You should be doing that regardless of whether gazundering is happening or not, as it will affect the offers you receive... That's correct. Some agents have policies in place to 'discourage' gazundering and gazumping, but ultimately it comes down to the morals of the buyer... -
The owner may not be on this forum. Maybe you should let the police know you have it, in case the owner has reported it as stolen? Also, are you sure the owner hadn't just left it there temporarily while going into their house, or putting their bike away or getting it out? What street was it in? -
By the_hermit · Posted
For these places to be good they have to be mega efficient: high volume high speed like the one in Camberwell next to Stormbird. If you can't hit that sort of tipping point you end up having to cut corners and you enter a sort of death spiral. The one at the south end of Lordship Lane near Joseph's is fairly hopeless. -
It's my understanding that estate agents are obliged to put forward any offer to the seller made to them by the buyer. The decision to accept us up to the seller. If you're in a chain and someone in the chain has the brass neck to threaten to pull out at the last minute unless you take their lower offer, you're in a very tricky position and the gazunderer knows that. It's a really nasty thing to do but a crappy person will do it to save money. That's why if you can be at the top of a chain by going into rented or some other temporary solution you're in a much stronger position to tell the gazunderer to take a running jump which is very satisfying.
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