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Private sale... ?
missz_2
Posts: 24 Forumite
I'm currently renting whilst looking to buy my first house. The house over the road is for sale and it just might be the house for us. I've phoned the estate agent and got an appointment to view next week, but I'm thinking should I go over and just ask to see it. If I like the house would it be worrth while, or possible, to do a private sale. I've not been in the rented property for long and have barely spoken to the owners at all. I'm wondering if it even looks bad me going through the estate agent rather than going over...
Thanks.
Thanks.
0
Comments
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I doubt that the vendors would be able to claim it was a private sale because you have already contacted the ea.
If the for sale sign hadn't gone up outside would you have known it was for sale? I would stick with the ea to avoid stepping on peoples toes.
CC debt at 8/7/13 - £12,186.17
Barclaycard £11,027.58
Halifax £1,158.59
5 year plan to live unsecured debt free and move home0 -
As Hippychick said - you've already registered and expressed an interest. EAs check this stuff out .... I bet every time a house is listed on the Land Registry, they check if it was on their books and if it was and they didn't sell it they download the buyer's name to check they weren't stiffed. £3 and 15 minutes' work to potentially claim a £1500-5000 fee ... anybody would.
The seller will have signed a contract with the EA they can't get out of too.
Leave it as it is...0 -
PasturesNew wrote: »As Hippychick said - you've already registered and expressed an interest. EAs check this stuff out ....
The seller will have signed a contract with the EA they can't get out of too.
Leave it as it is...
The EAs dont check ( or the 3 that I worked for didnt ) and any contract , the vendor has signed , will expire after the negotiated time .0 -
PasturesNew wrote: »As Hippychick said - you've already registered and expressed an interest. EAs check this stuff out .... I bet every time a house is listed on the Land Registry, they check if it was on their books and if it was and they didn't sell it they download the buyer's name to check they weren't stiffed. £3 and 15 minutes' work to potentially claim a £1500-5000 fee ... anybody would.
The seller will have signed a contract with the EA they can't get out of too.
Leave it as it is...
To confirm we used to and so did all the agents I knew. Systematically, without exception, as we did not like being shafted by anyone.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 -
The EAs dont check ( or the 3 that I worked for didnt ) and any contract , the vendor has signed , will expire after the negotiated time .
May I suggest it should read that some agents don't check but very risky to assume all agents don't check as we ALWAYS did.
Contracts may expire but the agent may probably check to see if the private sale was agreed and instructed before the last day of their contract. Regardless of private sale they will also check any sale to see if they were involved in introducing tha buyer.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 -
However as the BUYER you could try approaching the seller and see what happens. If seller agrees to sell at a reduced rate and it all goes through then you get a better deal (possibly...).. The unsuspecting seller then finds himself with a large bill from the EA (I'm correct in thinking seller pays EA??).
'tis, IMHO, the same as the plumber/electrician/whoever saying "well I'll do it for £xxx if it is cash & I won't charge VAT". VAT would still be due (if appropriate to the transaction) and HMRC could still pursue the plumber/whoever... (I know some posters may think evading tax is OK).
Not sure who's morality is worst here: Mine for pointing these things out, OP for thinking they could cut the EA out or the seller, if he ever takes the bait, for trying to wriggle out of an agreed deal... Me probably.
Whatever happened to "My word is my bond"...
Cheers!
Lodger0 -
Thanks for your replies. I am tempted to leave it as it is and stick to going through the EA. I'm a FTB so I probably don't know enough about buying to be able to pull a successful fast one
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You won't have to know anything about pulling a fast one. It will be the vendors that get in trouble. It will not cost you anything going through the agents and it is likely that it will not really make much of a difference to the price they will accept.0
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