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Estate Agent Enticing Me with Buyer in Place
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united4ever wrote: »This time they dangled the bait that they had someone likely to make an offer on a neighbouring apartment (very similar to mine) and were thinking before he makes an offer they could offer to show him my apartment.
Hi united4ever
If you believe the agent (I'm not sure I would) and/or they genuinely have the apartment next door on their books, I would be tempted to offer the EA higher commission - not lower.
For example, if they would get 1% for selling the neighbour's apartment, but only 0.5% for selling yours - they are going to encourage buyers towards the neighbour's.
I would consider offering the EA a bonus for achieving a quick sale (e.g. an extra £500 for the successful negotiator on completion, if they get an acceptable offer within x weeks, and/or you exchange by a particular date.) Then they will push more prospective buyers your way.0 -
maybe they are trying to eliminate the competition: "whichever flat u the buyer want, u have to go through me the EA anyway"...0
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I had similar and we drew up a contract that was for the EA to introduce 2 named buyers (that they claimed to have). So no marketing, no advertising, just introducing the people he claims to have up his sleeve for a reduced commission. If he doesn't go for it you know he's talking bull.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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