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House offers with the same EA

  • 08-05-2015 5:57pm
    #1
    Hombre Lobo
    Registered Users, Registered Users 2 Posts: 265 ✭✭


    Hey,

    I'm just wondering how people approach putting an offer on more than one house (not at the same time) with an EA.

    Let's say there's a house for sale at €240k and someone already has an offer in at asking. You like the house so you offer €245k. The other bidder returns and out bids you and at this stage you want to withdraw your interest in the property as it's beyond your maximum budget.

    A week or two later you go view another property from the same EA that's asking €200k. If the EA knows at this stage you've already had €245k to play with is he/she going to tell the seller, "this guy has more money and you could ask for more".

    Is this a scenario that could or does happen?

    Thanks.


Comments

  • #2
    jeni
    Registered Users, Registered Users 2 Posts: 394 ✭✭jeni


    I thought it's what your willing to pay for the house, it shouldn't matter how much you have


  • #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Potentially it could happen- yes- and personally I couldn't advise anyone- buyer or seller- to trust an estate agent (regardless of who the estate agent is). You have shown your cards- if you are seriously interested in another property the EA has for sale- I'd get someone to bid on your behalf. By all means go to view the property. Don't let on you're particularly interested- and then get a family member or a friend to look at it separately- and if you're interested- get them to put in a bid on your behalf.


  • #4
    Hombre Lobo
    Registered Users, Registered Users 2 Posts: 265 ✭✭Hombre Lobo


    jeni wrote: »
    I thought it's what your willing to pay for the house, it shouldn't matter how much you have

    Yes, that's what I would be expecting.
    I was just wondering if the EA is likely to let on to the seller that they could potentially ask for another few €K as the EA would know I had more funds available.

    It's probably an unlikely scenario though so I'd thought I'd check if they had any experience purchasing a house that was cheaper than a previous bid which may have fallen through elsewhere.


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