April
2013 I had found another block that I liked.
The
land had been available for some time, it was in an older area which I guess
could put some buyers off but there was to be 10 new houses built along this
street, so I knew in time It would be a good move. There was also a reserve at
the rear with gumtrees which I believe is a much better sight that your
neighbours back fence. The blocks here were also much larger for the asking
price, but still a little over my budget. However as I had been following the
market for so long I knew that there was a time the previous year when they
briefly dropped the prices on these specific blocks, this gave me hope that
they may in fact accept a slightly lower offer.
I rang
the agent to discuss things further, a few days later we met at the block. Everything
was great, he went through the services and encumbrances and it all felt right.
Without me saying anything about price he told me that the vendor might drop a
little but not much. The following week I rang the agent and explained that I
wanted to make an offer, he was happy for me to come down the next day during
my lunch break. So I’m all excited but also a bundle of nerves of what I was
about to do. I walked into the offices where he greeted me at the door with a
big grin, we sat down at his desk and he dumped the contract in front of me, he
started going through it, it all made sense, then he tells me the contract price...
Hang on… I thought I was coming down to make an offer? I tell him I want to
submit an offer below the asking price. He flat out said NO, not possible, it’s
a fixed price contract, I ask again, almost begging for him to at least show my
offer to the vendor. He once again says no, and then he closes the paper file, pushed
it towards me and said 'sorry for wasting your time’. I was shocked at the way
he spoke, I grabbed the file and walked out to my car, all I wanted was the
chance to make an offer, sure they might have rejected it but shouldn’t I at
least have that opportunity? Nowhere in any of the advertising did it say these
blocks were a non-negotiable fixed price.
I went
home in despair to tell mum and dad what had happened, they were equally as
shocked at the way the agent spoke to me. Dad wanted to ring him up right there
and give him a piece for the way I was treated. I told Dad that would only make
things worse and if the land was a set price I would just have to accept it. However
it all smelt of foul play, it just felt like the agent was lying. Why did he say
on our first meeting that they would drop a little, if in fact it was a set
contract price all along? It made no sense; there were too many holes in the agent’s
story.
Update, you can read part 3 here
Update, you can read part 3 here
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