Buying a home can take some real time and patience. Viewings could go into double digits, and even after an offer has been accepted, it can take a couple months for all the paperwork to be organised.
It is by no means a stress-free process, but it’s all worth it when you manage to find the perfect home for you and your family. But how far would you go for your dream home?
New research from the National Association of Estate Agents (NAEA) has investigated some of the most outlandish ways in which buyers have secured a deal, showing just how determined people can be to get their ideal property.
The most mundane story of the bunch was a buyer who was so impatient, she made an offer immediately after viewing the property’s description and walkthrough video on an agent’s website.
Another buyer tried to tempt the vendor into a sale by inviting them to an expensive restaurant – a plan which actually worked – whilst another impatient buyer decided to show up on the seller’s doorstep with the full deposit in cash.
Luxury incentives seem to work quite well as one buyer sealed the deal by financing a weekend away in a country manor hotel and spa for the vendor to enjoy.
One buyer used the negotiating technique of offering to landscape and maintain the vendor's new garden for two years, if they accepted his offer.
It seems that some prospective buyers aren’t shy about offering cash incentives to get a deal across the line, with reports of one buyer making a bid &32,000 higher than the asking price. Another home was taken off the market after the vendors changed their mind on moving, but a buyer quickly offered &50,000 over the asking to get them to reconsider.
One home was sold after an offer was made for both the house and the owners’ Porsche. Whilst in a separate scenario, a buyer was so eager to move into a home that they paid the current owners’ rent for a year while they searched for a new house to buy.
Finally, and possibly the most extravagant story pulled from this research, was the story of one buyer who tried to buy a house by showing up to the vendor's home with the full asking price in cash in a shopping trolley.
Chief Executive Officer of the NAEA – Mark Hayward – spoke on the findings of their research, he said “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.”