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Estate Agent changes fees...
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m444rcus
Posts: 10 Forumite
Hi,
After one bad experience with an extate agent, we've finally come to the end of the contract with them...
So in the mean time we got round 4 other estate agents to value and state fees. Two weeks later we go into the office of the EA that we chose to be told that the fee has to be increased 'due to instructions' from head office. At this point we walked out feeling dejected without signing anything. So onto my question, can, after recieving a formal letter stating the fee, can an EA raise it?
Regards,
M
After one bad experience with an extate agent, we've finally come to the end of the contract with them...
So in the mean time we got round 4 other estate agents to value and state fees. Two weeks later we go into the office of the EA that we chose to be told that the fee has to be increased 'due to instructions' from head office. At this point we walked out feeling dejected without signing anything. So onto my question, can, after recieving a formal letter stating the fee, can an EA raise it?
Regards,
M
0
Comments
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I believe that if they notify you of the change before you sign the contract they can do anything they want, of course you can also walk away, which you did!
Sounds like your having a bit of a mare with your local EA's. Maybe try and get a recommendation from a friend who has sold and felt they had good service.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Any business can raise their prices at any time, and you have the choice to use them at the increased price or not.
In dealing with tradespeople such as plumbers, etc there used to be a difference between asking them for a 'quote' for work as opposed to an 'estimate' for same....... but unsure what legal status this had.
How did this 'formal letter' from the EA have it worded?
Quote? Estimate? Other?0 -
Hi,
Seems that as we waited and let them call us back with the result, they decided not to charge us the extra 0.25%. Result for us! Next time I'll get an EA to make a formal offer that carries a time scale as to how long the quote is valid for.
Cheers,
M0
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