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Fake offers on properties?

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  • 08-03-2019 3:04pm
    #1
    Autecher
    Closed Accounts Posts: 1,960 ✭✭✭


    I emailed an estate agent about viewing a place to potentially buy a few weeks ago. It took her 5 days to get back to me, she said there was currently a cash offer on the place that was €5000 above the asking price. I emailed her back telling her I wasn't interested in a bidding war so I wasn't interested in the apartment. She emailed me back 10 minutes later saying she spoke to the finance guy who said he didn't believe the offer to be genuine because the person who made the cash offer hadn't even viewed the property, instead he/she made the offer after looking at pictures on daft.ie. She wanted to arrange a viewing with me but I declined. I know there was a thread about this a few days ago but that's closed now so I'll ask here, is there anyway to know for certain if the offers estate agents say are real? I suspect they're not often but that's down to a distrust of estate agents so maybe I'm biased?


    Thanks and sorry for the rambling message.


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    #2
    Dav010
    Registered Users Posts: 14,523 ✭✭✭✭Dav010


    Bidding war?

    So you are looking for a property no one else is interested in bidding on, and would be happy for your details to be passed on to other bidders to prove your bid is real?


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    #3
    Autecher
    Closed Accounts Posts: 1,960 ✭✭✭Autecher


    Not on that property I wasn't.


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    #4
    emeldc
    Registered Users Posts: 2,597 ✭✭✭emeldc


    If you want to bid on the appt, then make your (almost) absolute max bid that you are prepared to pay but tell the EA that if it's not acceptable then you'll walk away. Don't let them use your bid as a benchmark to extract a higher offer from another bidder, be they genuine of fictitious.


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    #5
    CPTM
    Registered Users Posts: 1,317 ✭✭✭CPTM


    Instead of trying to get the property for the cheapest price, decide how much it's worth to you and stick to anything less than or equal to that. Everything else is just noise. If you get it at a price you think is good value, then other bidders (or fake bidders) don't matter.

    Short answer - no there isn't a way as far as I know.


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    #6
    Autecher
    Closed Accounts Posts: 1,960 ✭✭✭Autecher


    Thank you both for that very good advice. I didn't really care about that particular property. I am just trying to see as many places as possible in my desired areas. I should be more upfront myself instead of worrying stuff I can't control.


    Thank you again! :)


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    #7
    Sunrise_Sunset
    Registered Users Posts: 1,215 ✭✭✭Sunrise_Sunset


    I had a similar question recently;

    https://www.boards.ie/vbulletin/showthread.php?t=2057951017


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    #8
    Autecher
    Closed Accounts Posts: 1,960 ✭✭✭Autecher


    Sunrise_Sunset wrote: »
    I had a similar question recently;

    https://www.boards.ie/vbulletin/showthread.php?t=2057951017
    Thank you for that


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