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Should I pay 50% of Estate Agents Fee ???
Comments
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You're hiring the EA as joint owners. If the EA finds a buyer you will sell it to that buyer as joint owners. Therefore it's reasonable you each pay half the fee.
If you could only agree the value of the house with the aid of a suitably qualified person, you wouldn't need the EA anyway. I wonder what kind of qualified person that might be...?
Ha don't get me started! I don't think my ex likes RICS valuations as they are too accurate for her liking!!0 -
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Have you (or the surveyor, or your ex) searched local sale prices? What are similar properties actually selling for?
Yes - House over road just sold for £250k. It has extra bedroom, is link-detached via a garage. Has a garage which mine doesnt. Additional reception room and downstairs W/C which again mine doesn't. I think this adds up to more than £20k in extra value0 -
notrippedoff wrote: »Ha don't get me started! I don't think my ex likes RICS valuations as they are too accurate for her liking!!
Trouble is 'accuracy' of such an estimate is extremely difficult to guage - all it needs is one poor sap to come along and make a big offer...
Regardless, any agreement you make with the wife/EA must be subject to a time limit, after which you are able to purchase at the RICS sale price.
Otherwise, over the next 3 months you could get half a dozen 'low' offers and your wife refuses them all - preferring to wait for a better one...0 -
Use an online agent then you are only talking about £500, so much less of a problem.Je suis sabot...0
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Am I missing something? Surely any higher offer would fall through when the buyer gets an RICS valuation done for the mortgage and finds the property is worth less?Don't listen to me, I'm no expert!0
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bitsandpieces wrote: »Can you get an agreement with the EA where they get their fee only if they introduce the buyer - and not if you buy (or on the off chance that you find a buyer through other channels)? If you can do this, I'd be upfront with the EA that you need to get more than - say - £212,500 in order to sell through them. If they don't think it's worth their while marketing on these terms, that strongly suggests that your offer is a fair one!
If EA refuses to market on these terms, hopefully your partner will see sense. If not, can you throw the ball back in your partner's court? Perhaps put it up through housenetwork or something for an agreed period, to see if there are any offers?
I am going to propose this. The EA only should get his fee if they sell at close to asking price, if they are confident in their valuation then where is the problem?0 -
Trouble is 'accuracy' of such an estimate is extremely difficult to guage - all it needs is one poor sap to come along and make a big offer...
Regardless, any agreement you make with the wife/EA must be subject to a time limit, after which you are able to purchase at the RICS sale price.
Otherwise, over the next 3 months you could get half a dozen 'low' offers and your wife refuses them all - preferring to wait for a better one...
If a big offer comes in I will accept. If I can get more for it than it is worth then fine I will walk away. I am proposing a 3 month timeframe to advertise or we fall back to the lowest offer/RICS valuation as basis for my offer for her share0 -
Hoof_Hearted wrote: »Use an online agent then you are only talking about £500, so much less of a problem.
Ex and her family of advisor's shudder at the prospect of anything online really. Much prefer a traditional agent and pay whopping great fees0 -
Am I missing something? Surely any higher offer would fall through when the buyer gets an RICS valuation done for the mortgage and finds the property is worth less?
haha I agree, something I have put to my ex - she didn't listen though. Would have to take note if this situation came true though0
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