house under offer with 2 estate agents??

new_home_owner_3

How can this be possible sureley only one can go through with the deal or have they split the fee between them>?, usually i thought the one that does multiple agency and gets the sale gets a higher percentage.

Can anyone shed some light on this for me heres the two houses, it looks like to me they are both saying they have introduced the buyers, or is this how multiple agency works?

http://www.housescape.org.uk/cgi-bin/full.pl?&wat1&&WAT000545&&


http://www.bairstoweves.co.uk/content/010_Search_Results/Property_Details/property-sales-BEC_RPS-WCO080175-1249467319

DVardysShadow

Neither is saying that they have introduced. Both are declaring the market status as 'under offer'. There would be more of an issue if they were showing differently, although this is quite common.

Doozergirl

Estate agents like to look as if they're selling houses. It's true that the house is under offer, no one is saying who sold it though it looks good if it's under offer on your own website, hence that's what they're both doing. It's a nice, interesting property, the sort that an agent would want on the books. I don't know the exact location but the price isn't bad either really.

new_home_owner_3

DVardysShadow wrote: »

Neither is saying that they have introduced. Both are declaring the market status as 'under offer'. There would be more of an issue if they were showing differently, although this is quite common.

Yes but surely the potential buyers have only offered to the one estate agent, so the offer would only go to one, why would they both have under offer, when sureley only one of them has had the offer.

I had multiple agents when i was selling my house, they charged a higher percentage if they sold but i suppose thats only right as it gives the agents a bit of competition knowing they are both trying to sell the same house and only one will come out on top.

will the vendors have to pay two fees? It looks like to me theres been a bit of a disagreement to actually who found the buyer.

What happens if you have multiple agents, say agent 1 showns them the house but then the buyer leave it a few weeks but then get a veiwing with agent 2, and then make a offer with agent 1, who gets the fee then?

Doozergirl

You are reading into it way too much. The house is under offer to a buyer, not an estate agent. They both want to look like they sold the house, that's all. They are both stating fact, no one is doing anything wrong and there is no evidence of a dispute.

googler

new_home_owner wrote: »

Yes but surely the potential buyers have only offered to the one estate agent, so the offer would only go to one, why would they both have under offer, when sureley only one of them has had the offer.

Only one has actually received the offer, but they both now have to show it as Under Offer, because since the offer has been accepted, neither of them can market it to further buyer prospects.

If only one of them placed it Under Offer, what would the other one do?
Show it to some more people, and have them make higher offers to gazump the person who put in the original offer........?

KellsBells

Don't forget that the agents are acting on behalf of the seller - if the seller has accepted an offer through one and agreed to take it off the market, then she will have asked both agents to mark it as sale agreed.

With regards to fees, it entirely depends on what agreement the vendor has with the agents - it could be a split fee basis where the one who sold gets say 70% and the one who marketed but didn't sell gets 30%. Or it may be a 'the one who sells gets all the fee' basis, like we use with our multi agents in my line of work. Only the vendor will be able to answer.

However, in answer to your question re what happens if someone views through agt 1 and later through agt two and offers, if the vendor has signed an agreement with agt 1 based on an 'introducer basis', agt 1 will be entitled to their fee.

I do argee with the previous posters though, you are reading far too much into this, there appears to be absolutely nothing untoward going on, and nothing to suggest a disagreement of the buyer.

david29dpo

You are lucky everyone is playing ball here. A flat i bought a while ago which was on with 2 agents didn't communicate. They both sold it, although a stupid vendor didn't help. I only just won the contract race.

Bufger

Its on old church road so they should be careful. It wont get much rent and the taxman is next door. It would be cheap enough to build a hotel on that land though

chickmug

On the web sites, used by agents, there are limited options as to the status of the property. Typically For sale, Under Offfer, Sale Agreed, Sold but no option to say the whole facts which could be 'Under Offer through this agency' or 'Under Offer through another agency'.

I must admit if we acted Multi, which was very rarely, we would put 'sold through our agency' in the text even if we could not do so in the main header. Yes we would shout about it as any business would with their successes.