Need some advice on Estate Agent - Really fed up

googler

If you feel the £150 for the work undertaken thus far is unrealistic, then what figure would you suggest?

I don't think there's any way out of settling the HIP - you asked for a HIP, you got a HIP, you pay for the HIP...

Edit: fee works out at 2.29% of the original asking price, by my reckoning, and 2.74% of £175,000.... that's high. However, you signed up for a fixed fee, presumably with the knowledge that if the selling price goes down, the fee doesn't vary.....

telfordwhite

DarrenW wrote: »

Hi all

We moved into a brand new 4-bed property last year. Unfortunately, we have to relocate. We are being marketed with a National Estate Agent. Our property has been on the market since early May and we have not had ONE VIEWING!!!

I know your post is about get out clauses but as brit says you are probably overpriced.

If you're on rightmove it won't matter who the estate agents are, Could you not stick with the agent you have and drop the price.

henpecked1

with Connells I got my grandada out of the contract he signed proving me was mentally incapable. I am surprised people fall for these 5hai5ters

DarrenW_2

Thanks all. Henpecked - I'm not sure that would work for me but I might try :-). We can't afford to sell it for less, so I suppose we'll have to stay and I'll commute. Hey ho

Thanks everyone :-)

poppysarah

Speak to them about why they think the house is not selling.

Get a friend to ring and ask about houses in that price bracket and see if yours gets a mention.

Pester them until they start getting you viewers or can explain why they can't.

DarrenW_2

hadn't thought about getting a friend to ring, feels a bit nefarious. lol

poppysarah

DarrenW wrote: »

hadn't thought about getting a friend to ring, feels a bit nefarious. lol

You got to know they doing everything they can to sell your property. If they are not you need to ensure they get a soft kick in the pants.

C_Mababejive

Any chance of a link?

DarrenW_2

Here you go

http://www.rightmove.co.uk/property-for-sale/property-15877641.html?premiumA=true

MobileSaver

DarrenW wrote: »

You always pay a premium for a new build and we are resigned now to losing on it

This is the crux of it, you paid a premium because it was a new build. Even in a rising market it's likely you'd make a loss selling a year later. In a falling market you'll just make a bigger loss.

If you don't need to move then just put the price back up to what you're comfortable with and ride the market out. It might be a long wait but if you have time on your side then so be it.

All you can really do in the short term is enjoy all the benefits of your new build that persuaded you last year it was worth paying the premium for. Good luck OP.