Can they refuse full asking price

v6wrx

Just a quick question, can somebody who has a house for sale refuse a offer off the full asking price? or would there estate agent by law make them accept it?

martinsurrey

yes they can refuse, they could refuse 100X asking price if they wanted

scottishblondie

The seller is under no legal obligation to accept any offer at all.

G_M

Go down the library and get some books out. You need to do a lot of research.

On buying property.

On letting property.

On mortgages.

On selling share equity property.

Asking occassional questions as they occur to you on each of these topics will leave huge gaps in your knowledge, so far better to research each area fully.

THEN come back and ask anything you don't undrstand.

Hoof_Hearted

Also do a bit of research on how to get people off their high horses while you're there. I don't think there is any compulsion on G_M or anybody else to respond to any post.

myhouse_2

I've heard the EA is within their rights to ask for their fee if an offer is received at full asking price from a procedable buyer. After all, they've done their job. Anyone else like to advise if this is true.

sunshineholiday

Hoof_Hearted wrote: »

Also do a bit of research on how to get people off their high horses while you're there. I don't think there is any compulsion on G_M or anybody else to respond to any post.

+1

Well said, I dont think there was any need whatsoever in GMs post.

Very sarcastic!

John

chrissie57

G_M, as always, was offering very good advice.

He gives freely of his (or her, sorry:o) time and experience but generally to people who have taken some time and trouble on their own behalf. If OPs knowledge of how the housing market works is truly shown in their question, they really, really do need to start researching before they attempt to go any further.

Unless, as was my first thought, OP is a wind-up merchant:cool:

Ulfar

The answer to the original question is no they don't have to accept, but the estate agent will want their fee as they will have done their job if the buyer was in a position to proceed.

Werdnal

sunshineholiday wrote: »

+1

Well said, I dont think there was any need whatsoever in GMs post.

Very sarcastic!

John

On the contrary, I agree with GM. If you search on OP's other random posts, you will understand where he is coming from.

I too wonder if OP is a serious poster, a troll or a wind-up merchant, having seen some of the questions they have asked recently ...

A classic here:

https://forums.moneysavingexpert.com/discussion/4264329=

sunshineholiday

Fair point, but sometimes it is more comforting to hear things 'from the horses mouth' so to speak.

For example, I can research a used car on the internet all day, read reviews, specifications and generally get all I need to know. However, it is still nice to ask for someones opinion, just to see if it tallies with all that I have read.

If everything was as simple as just 'research on the internet', then there would be really no need for forums like this one, for people to ask, discuss and exchange opinions.

If I were to require some information, I personally would research the internet, as GM suggests, but then I can accept that other people havent the sense/inclination/ability to do so.

I haven't read GMs thousands of helpful posts, but I don't need to in order to come to the conclusion that the post in question was sarcastic!

Anyways, thats by the by...

John