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Advice Please - first time seller
SurreyGuy26
Posts: 13 Forumite
I have recently instructed an estate agency to market my property on my behalf. As part of the arrangement, i have agreed for them to be 'Sole Agents' for a period of 12 weeks.
However over the weekend an old work colleague of mine has shown great interest in the property and i would of course rather sell to him at a price we have discussed without going through the Estate Agents. (he came direct to me and was not in anyway introduced via the EA)
Do I have to wait until the 12 weeks are up before i can sell to him?
Please advise, thanks
However over the weekend an old work colleague of mine has shown great interest in the property and i would of course rather sell to him at a price we have discussed without going through the Estate Agents. (he came direct to me and was not in anyway introduced via the EA)
Do I have to wait until the 12 weeks are up before i can sell to him?
Please advise, thanks
0
Comments
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Do they have sole selling rights or is it just sole agents? If it is just a sole agents clause, then you should be ok for selling privately, although I would beware of them charging you a withdrawal fee.Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.0
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How did he become aware that you were selling the property ? If it's because he saw the estate agents sign outside or was it advertised in the paper then I suspect the EAs might try to argue that they should be entitled to something ....0
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SurreyGuy26 wrote: »I have recently instructed an estate agency to market my property on my behalf. As part of the arrangement, i have agreed for them to be 'Sole Agents' for a period of 12 weeks.
However over the weekend an old work colleague of mine has shown great interest in the property and i would of course rather sell to him at a price we have discussed without going through the Estate Agents. (he came direct to me and was not in anyway introduced via the EA)
Do I have to wait until the 12 weeks are up before i can sell to him?
Please advise, thanks
As an agent if you came clean I would, at this early stage, agree a special lower rate (for your mate) and would insist I saw the sale through but still keeping on the market to get you back up if your mate pulled out.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Thanks for your replies - in response:
I believe i just agreed to sole agency and not sole selling rights - am just awaiting my copy of the terms in the post.
He became aware of the property through speaking with my wife, he didn;t even know we were looking to sell.0
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