“Buyer Beware...I would strongly advise prospective buyers to think ......”
1 Star Review
Aug 27,2015
By:
'ABuyer'
Aug 27,2015
Branch: South Ockendon, 105 Daiglen Drive
Services: Sales (Prospective customer)
Would you recommend?: No
Postcode: RM19
Branch: South Ockendon, 105 Daiglen Drive
Sales (Prospective customer)
Postcode: RM19
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people found
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Buyer Beware...
I would strongly advise prospective buyers to think carefully about doing business with Patterson Hawthorn. They operate differently to other agents, putting buyers in a difficult position and potentially wasting a lot of your time. This is my experience as of August 2015 - you may be lucky and they may change how they work in future - but they informed me this won't be happening so read into this what you will...
They do not take an offer to the vendor for them to accept / reject it - then give time to get the mortgage in place like most agents. Instead, they take your offer, put it to other buyers and see if they will bid higher. They don't take a property off the market at this stage - meaning any offer you make is not actually accepted until you book a survey. This means you have to go through the whole mortgage application, while in the mean time Patterson Hawthorn are putting pressure on other buyers to outbid you - meaning that your whole application may be wasted and you have to start again if outbid. To me, this is more of an auction than a normal sale, and clearly can waste a lot of your time as a buyer applying for a mortgage for it to then fall through. Although they did tell me that offers are conditional until a survey is booked - they didin't tell me that they take your offer straight to other buyers and see if they will outbid you!
My offer was therefore more like a bid at auction - as they will get to other buyers and tell them your offer before you've processed your mortgage application and booked the survey. If you are comfortable with that, great. But I would personally recommend doing business with other agents who work in a manner that gives you more security as a buyer - with less chance of being gazumped!
What agent could do to change your mind?
Do busuiness like other agents.
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