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    • CP26
    • By CP26 5th Sep 17, 5:57 PM
    • 126Posts
    • 84Thanks
    CP26
    Buying direct from vendor
    • #1
    • 5th Sep 17, 5:57 PM
    Buying direct from vendor 5th Sep 17 at 5:57 PM
    Hello, forgive me if this is a naive question but this is only the second time either of us have bought a property and the last time was a good number of years ago...

    About 5 months ago we spotted a property we really liked the look of - ticked every box we had on paper. Unfortunately just as we rang up to view the vendor decided to take it off the market. We dont know why.

    We have continued our search but nothing has really caught our eye and I keep thinking about the one we just missed.

    I think we should pop a note through the door and try our luck, but I'm not sure how the selling process works if there is no estate agent on the vendors end. I assume it's not that much different, except it probably works out cheaper for the vendor? What happens if the vendor gets awkward after accepting for example, and there is nobody after their commission to weigh in?

    Any pearls of wisdom?
Page 1
    • AdrianC
    • By AdrianC 5th Sep 17, 6:00 PM
    • 15,044 Posts
    • 13,367 Thanks
    AdrianC
    • #2
    • 5th Sep 17, 6:00 PM
    • #2
    • 5th Sep 17, 6:00 PM
    If you found the place through the agent, and go on to buy it, then the agent will almost certainly be due their commission - after all, they did the job they were hired for...
    • CP26
    • By CP26 5th Sep 17, 6:04 PM
    • 126 Posts
    • 84 Thanks
    CP26
    • #3
    • 5th Sep 17, 6:04 PM
    • #3
    • 5th Sep 17, 6:04 PM
    That is a possibility and I have no idea what type of contract they would have had with their EA or whether there would be an expiration date that would mean no commission would be due after a certain time off the market. Definitely worth keeping in mind though thank you!

    ETA - just thought, I dont recall giving the EA any details when I rang up for the viewing - they went straight to the listing and then said that it was off the market. That was the end of the call I think. Not sure if that makes any difference whatsoever if there was a commision clause.
    Last edited by CP26; 05-09-2017 at 6:19 PM.
    • eddddy
    • By eddddy 5th Sep 17, 9:10 PM
    • 5,122 Posts
    • 4,774 Thanks
    eddddy
    • #4
    • 5th Sep 17, 9:10 PM
    • #4
    • 5th Sep 17, 9:10 PM
    That is a possibility and I have no idea what type of contract they would have had with their EA or whether there would be an expiration date that would mean no commission would be due after a certain time off the market.
    Originally posted by CP26
    If the EA introduced you - the EA can claim commission if you buy privately within 2 years (assuming the EA follows the Property Ombudsman's code of practice).

    I dont recall giving the EA any details when I rang up for the viewing - they went straight to the listing and then said that it was off the market. That was the end of the call I think.
    Originally posted by CP26
    So that probably wouldn't count as an 'introduction' - especially if they didn't take your name.
    • eddddy
    • By eddddy 5th Sep 17, 9:21 PM
    • 5,122 Posts
    • 4,774 Thanks
    eddddy
    • #5
    • 5th Sep 17, 9:21 PM
    • #5
    • 5th Sep 17, 9:21 PM
    ... And going back to the main question...

    I recently watched a transaction with no EA fall apart because neither buyer or seller really understood what they had to do and how the process worked.

    They ended up blaming each other for the lack of progress, and shouting at each other over the phone.

    (FWIW, I think the problems started because the seller didn't qualify the buyer properly, and didn't realise that there was an incomplete chain below the buyer.)

    But if both buyer are sensible, rational, knowledgable etc... hopefully it should be ok.
    • G_M
    • By G_M 5th Sep 17, 9:23 PM
    • 41,046 Posts
    • 47,150 Thanks
    G_M
    • #6
    • 5th Sep 17, 9:23 PM
    • #6
    • 5th Sep 17, 9:23 PM
    The process is exactly the same except that you discuss price, access for viewings/survey etc, renegotiation, dates etc with the vendor and cut out the Chinese whispers operated by an estate agent...
    • Pumpkim
    • By Pumpkim 5th Sep 17, 9:38 PM
    • 138 Posts
    • 153 Thanks
    Pumpkim
    • #7
    • 5th Sep 17, 9:38 PM
    • #7
    • 5th Sep 17, 9:38 PM
    We sold our last house direct. It was easy, once a price was agreed I instructed a solicitor and they did all the usual leg work. Didn't regret having no EA at any point. The EA for my current purchase hasn't been of any help in moving the sale on any quicker, she rings to ask if things are happening, I tell her they are or aren't and everything continues at the same pace as if she had never called at all. I'm sure she feels she's earning her fee by doing it though
    • CP26
    • By CP26 5th Sep 17, 9:53 PM
    • 126 Posts
    • 84 Thanks
    CP26
    • #8
    • 5th Sep 17, 9:53 PM
    • #8
    • 5th Sep 17, 9:53 PM
    Thanks for the replies.

    I am wary of doing it without an EA but its good to know that it can be successful if both parties work together well.
    • hazyjo
    • By hazyjo 6th Sep 17, 5:43 PM
    • 9,508 Posts
    • 11,993 Thanks
    hazyjo
    • #9
    • 6th Sep 17, 5:43 PM
    • #9
    • 6th Sep 17, 5:43 PM
    In a similar same boat. Wrote to the vendor a year or so ago and she agreed to get in touch when she was ready to sell. I told her to check her contract and she said she was okay to sell privately. Turns out the house she's buying is through the same agent and they want their fee which she's now had to find.

    Trouble is, it seems you've not even looked at the property.

    I would prob turn you down for that reason, but you never know. Luck may be on your side.
    2017 wins: Opera tickets; film preview; lipstick; Ideal Home Show tickets + afternoon tea & bottle of Champagne; 2 cases of NKD; notebook; bath rack; books; film Premiere; Broadchurch DVDs; lipbalms; hamper (food/wine/Echo Dot/Jo Malone goodies); Avon lippies; cowhide rug; Windsor luxury break, foundation
    • Cardinal-Red
    • By Cardinal-Red 8th Sep 17, 3:04 PM
    • 598 Posts
    • 116 Thanks
    Cardinal-Red
    We're in the middle of a no-EA purchase.
    Going swimmingly so far. The vendors are great.

    But at the same time, the house we bought back in 2005 the estate agents were worth their weight in gold (not least because we didn't pay them).

    So I guess this is a long winded way of saying, it's more down to the seller and purchaser (and their solicitors) than the EA I think.
    The above facts belong to everybody; the opinions belong to me; the distinction is yours to draw...
    • ReadingTim
    • By ReadingTim 8th Sep 17, 5:13 PM
    • 1,983 Posts
    • 2,894 Thanks
    ReadingTim
    There are a few reasons I can think of why they took the place off the market:

    1 - change of circumstances means they're not looking to move at all
    2 - couldn't find anywhere they liked/wanted to move to
    3 - no-one offered them the sort of price they were looking for

    By all means drop a note through the door but don't hold out too many hopes:

    Reason 1 is self-explanatory
    Reason 2 means they won't be in any hurry to proceed, which is a problem if you are
    Reason 3 means they're unlikely to negotiate, so if you were thinking of making a offer much lower than the previous asking price, it's likely to fall on deaf ears.
    • copperclock
    • By copperclock 8th Sep 17, 6:20 PM
    • 173 Posts
    • 190 Thanks
    copperclock
    We've bought direct without an agent. Was all done very simply. We just had to swap solicitor details and there was the occasional email regarding timelines etc.. I'd definitely seek to deal privately again if the opportunity came up.
    • Fiesto88
    • By Fiesto88 8th Sep 17, 6:26 PM
    • 46 Posts
    • 25 Thanks
    Fiesto88
    Re: your question about the pros and cons of buying direct, our vendors are using Purplebricks as their EA which, we've found, has effectively meant they might as well be selling direct to us. PB have their money upfront and get it regardless of whether a sale goes through meaning they don't especially give a toss how the sale is progressing.

    We also negotiated price directly with the vendor. In our case it was refreshingly straightforward but that was largely down to fact that both sides were very open and upfront. It was nice not to have that part of the process muddied by an EA as the middleman.

    The big drawback is that now we're at the conveyancing stage, it's looking like things are moving slowly and there's not a huge amount we can do about it without contacting the vendor directly to push things along. Which creates a little bit of anxiety as we don't want to annoy them.
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