geared Posted November 2, 2015 Share Posted November 2, 2015 ... and the point of this would be? Waste their time like they are wasting yours. I assume the landlord has mortgage payments to make on the property, so when they see that trying to squeeze extra rental money out of people is actually costing them a months rent they might change their mind and stop messing around. Link to comment Share on other sites More sharing options...
Mr Bloke Posted November 2, 2015 Share Posted November 2, 2015 Waste their time like they are wasting yours. I assume the landlord has mortgage payments to make on the property, so when they see that trying to squeeze extra rental money out of people is actually costing them a months rent they might change their mind and stop messing around. Well if you've nothing better to do, I suppose... ... and you don't intend to use the same estate agent again as you still need to find somewhere to live. If you mess them about though, I can't see them taking any future interest you might have in a property seriously, can you? And if the property is so popular, why wouldn't the landlord just accept the next highest offer anyway? Link to comment Share on other sites More sharing options...
Waldo Posted November 2, 2015 Share Posted November 2, 2015 ... and the point of this would be? Two practical advantages... 1. Other interested parties may have lost interest and found sometthing else, during the period of time you have been stringing the seller along. Whem you get around to revising your offer down, the seller will then have less options available, and your revised offer may be the best one on the table. 2. If everyone in the OP'S situation started doing this, perhaps sellers would be less inclined to mess buyers around in future. Also, not so much of practical value, but, some people may also like to feel that people who have messed them around, are also getting messed around in return. Link to comment Share on other sites More sharing options...
999tigger Posted November 2, 2015 Share Posted November 2, 2015 Op are you prepared to do something about it and sue them? Which trade body are they a member of? have you contacted them about possible breach of code of conduct? Have you contacted trading standards? Link to comment Share on other sites More sharing options...
Mr Bloke Posted November 2, 2015 Share Posted November 2, 2015 Two practical advantages... 1. Other interested parties may have lost interest and found sometthing else, during the period of time you have been stringing the seller along. Whem you get around to revising your offer down, the seller will then have less options available, and your revised offer may be the best one on the table. 2. If everyone in the OP'S situation started doing this, perhaps sellers would be less inclined to mess buyers around in future. Also, not so much of practical value, but, some people may also like to feel that people who have messed them around, are also getting messed around in return. OK, so put yourself in the landlord's position... ... if someone has made you a high offer, strings you along, and then decides to only offer you the original rent, are you then going to agree to take on that person as a tenant who has already demonstrated to you that they are a bit sneaky? Especially when you've already had so much interest in the property at the original rent anyway? I don't think many would, even if it was then the only offer on the table... Link to comment Share on other sites More sharing options...
apelike Posted November 2, 2015 Share Posted November 2, 2015 Hmm, The Consumer Protection from Unfair Trading Regulations means you cannot mislead a consumer. This means leaving out important information, such as the need to bid for the property instead of what is advertised current (both a PCW and PW price). This would lead me to the conclusion what is happening is a breach of the Unfair Trading regulations. Not sure if that applies as this is a service and not a trader selling. Link to comment Share on other sites More sharing options...
Waldo Posted November 2, 2015 Share Posted November 2, 2015 OK, so put yourself in the landlord's position... ... if someone has made you a high offer, strings you along, and then decides to only offer you the original rent, are you then going to agree to take on that person as a tenant who has already demonstrated to you that they are a bit sneaky? That's not the full story though, is it? You've conveniently left out the bit where the landlord has behaved shoddily in the first place, by stringing the potential buyer along... But yeah, perhaps you wouldn't get the place; would you have wanted it anyway, when you know it comes with an unscrupulous landlord? Link to comment Share on other sites More sharing options...
geared Posted November 2, 2015 Share Posted November 2, 2015 If the landlord is messing people around that much before they even get in the door then what will they be like when there's a problem that needs fixing?? ---------- Post added 02-11-2015 at 13:26 ---------- If you mess them about though, I can't see them taking any future interest you might have in a property seriously, can you? There are plenty of other estate agents in the city, it's no great loss if one doesn't much fancy you. Link to comment Share on other sites More sharing options...
Mr Bloke Posted November 2, 2015 Share Posted November 2, 2015 That's not the full story though, is it? You've conveniently left out the bit where the landlord has behaved shoddily in the first place, by stringing the potential buyer along... But yeah, perhaps you wouldn't get the place; would you have wanted it anyway, when you know it comes with an unscrupulous landlord? Yeah, but we don't definitely know that the landlord has behaved shoddily. The estate agent is working for the landlord and as such should be advising him on what the property is worth. I'm not sure how they get paid these days (either fixed rate or as a percentage of the rental rate) but if it's as a percentage, how do we know that they are not the ones that are trying to get as much as they can for the property seeing as there is so much interest? If you were renting a property and the estate agent told you that you could get more rent for it then you'd go along with them, wouldn't you? They are supposed to be the experts and that is what you're paying them for! Maybe they deliberately advertised it at that rent to get a gauge of how many people were looking for that type of property and to try to get more business? And what proof is there that the property is so popular? Maybe that's also a lie to try to make the place more desirable and to get more rent out of the interested parties? Who knows? Link to comment Share on other sites More sharing options...
Gamston Posted November 2, 2015 Share Posted November 2, 2015 Op are you prepared to do something about it and sue them? Which trade body are they a member of? have you contacted them about possible breach of code of conduct? Have you contacted trading standards? How can the OP sue anyone ? , no one has broken any contract with the OP . Link to comment Share on other sites More sharing options...
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