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Vendor suggesting dodgy deal?
zaksmum
Posts: 5,529 Forumite
Just been to view a house where the vendor is doing his own viewings, although the property's with an Estate Agent.
He said without being prompted that he'd consider lower offers than his asking price if he could tell the EA he was taking it off the market then sell it to anyone interested without the EA's knowledge, thus saving the EA fees.
I'm not interested anyway as the place was minging...but surely that's illegal?
Or am I being a prude?
He said without being prompted that he'd consider lower offers than his asking price if he could tell the EA he was taking it off the market then sell it to anyone interested without the EA's knowledge, thus saving the EA fees.
I'm not interested anyway as the place was minging...but surely that's illegal?
Or am I being a prude?
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Comments
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Not illegal, but if the EA finds out, he's in for a world of trouble. Besides, if he's into dodgy deals this early, would you want to do business with him...I wouldnt.Debt Free! Long road, but we did it
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Very immoral to me, he has used the EA to get customers and now he wants to do him out of paying him.
I'd inform the EA is I was you.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
I wouldn't bother telling the EA at all. Let the fool strike a deal with someone for a lower price, complete on the deal then get pursued for fees by the EA 2 months later, when the sale is listed and the EA finds out the name of the purchaser matches one they introduced.3.9kWp solar PV installed 21 Sept 2011, due S and 42° roof.
17,011kWh generated as at 30 September 2016 - system has now paid for itself. :beer:0 -
If you did decided to take up his deal, it wouldn't be you that was at fault, it would be the vendor. Good luck to him if he thinks he can get away with it!0
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BornAtTheRightTime wrote: »I wouldn't bother telling the EA at all. Let the fool strike a deal with someone for a lower price, complete on the deal then get pursued for fees by the EA 2 months later, when the sale is listed and the EA finds out the name of the purchaser matches one they introduced.
Exactly this. The vendor sounds a complete moron!0 -
As a buyer, it's simply not your problem.
Unless you morally care about the estate agent.
I'm sure the estate agent morally cares about you. haha.
But sarcastic joking aside, it's just a moral question if you are happy to be a passive observer in someone getting done over or whether you wish to actively intervene. And I suppose you have to consider the vendor's character and if that could cause other problems further down the line.0 -
He'd be the type to try and push up the agreed price on the day of exchange, when you've already forked out for solicitor's fees, survey etc.
He's already revealed that he is underhand and is not to be trusted.0 -
I would tell the EA, for no other reason than it being the right thing to do.
I realise that EA have a terrible reputation, but that doesnt make it OK.
The EA and the Vendor entered into an agreement and the Vendor is trying to get out of paying for the services provided in good faith. If there was some kind of issue with the service provided I might be inclined to support the Vendor, but you havent said there was any issue there.
Besides, if his plan "works", he'll get pulled up down the line by the EA's debt collection team when they realise whats happened!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 -
I'm not interested in the property anyway having seen the inside of it - don't think the vendor has ever cleaned the place up! - and I wouldn't want to get involved telling the EA. I could end up in a situation where the vendor's annoyed enough to come after me and that's not going to do anyone any good.
But really I suppose it would be possible, with the right time gap whatever that would be, to take a property off the EA's books then sell it at a later date yourself. Would you then be liable for the EA's fees?0 -
I'm not interested in the property anyway having seen the inside of it - don't think the vendor has ever cleaned the place up! - and I wouldn't want to get involved telling the EA. I could end up in a situation where the vendor's annoyed enough to come after me and that's not going to do anyone any good.
But really I suppose it would be possible, with the right time gap whatever that would be, to take a property off the EA's books then sell it at a later date yourself. Would you then be liable for the EA's fees?
If a sale is agreed to someone introduced by the EA up to 6 months from the date of disinstruction then the EA is entitled to their fee.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0
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