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The Weird and Wonderful Things Buyers do to Get Their Offers Accepted
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
You can spend months waiting for the ideal property to come your way, and when you do eventually find a property that ticks all the right boxes, getting that offer accepted is the next step in the process.
However, some buyers go further than others when it comes to getting that price accepted… NAEA Propertymark has asked its members to reveal the extravagant things they’ve seen buyers do to secure their ideal property. The findings are as follows:
Porsche plea
One potential buyer was worried a sale wouldn’t be accepted at the last hurdle, so offered to buy the owner’s Porsche as well as the house to help guarantee the sale. The deal was sealed and the new owner sped off into the sunset having secured two purchases instead of one.
Luxury retreat
Hoping to make their offer stand out from the crowd, one buyer took the owner away to a country manor hotel and spa for a weekend of pampering.
Landscaping lure
After putting an offer forward, a persistent buyer volunteered to landscape and tend to the owner’s new garden for two years free of charge, in exchange for accepting the offer.
Trolley temptation
While viewing a potential property, a prospective buyer asked the agent to close and lock the front door behind them at the viewing. The agent later discovered this was because the viewer had brought the full asking price, in cash, in a gingham shopping trolley, hoping to make a deal there and then.
Buy without viewing
One particularly impatient buyer couldn’t even wait to see their perfect property before putting down an offer. All she had to go off was a description via email with the agent and a blurry video – she hadn’t even seen any photos!
Throw money at the situation
A determined buyer offered £32,000 over the asking price to secure a property that was already under offer to gazump the other party, while another offered £50,000 when a vendor withdrew a house from the market.
Paying for tenancy
One prospective buyer offered to pay a full 12-month tenancy for the sellers to go and rent somewhere else, so they were more likely to accept his offer.
Wining and dining the owners
One potential buyer invited the vendor out for an indulgent dinner at an expensive restaurant, with the hope to persuade them into accepting their offer on the property, and it worked!
A surprise introduction
Another buyer took matters into their own hands and presented themselves on the doorstep of the seller asking to pay the deposit in full there and then to secure the deal.
Mark Hayward, Chief Executive, NAEA Propertymark comments: “Buying a home is a big financial investment and buyers want the process to go as smoothly as possible. We hear many bizarre stories about buyers trying to woo sellers in a desperate bid to secure the deal, but this is something that can be easily avoided.
“It’s important to build a relationship with your agent to help ensure you’re getting the best possible advice about your purchase. Experienced agents will anticipate any issues that could arise and prevent potential buyers from having to go to these extremes to secure an offer on their dream home.”