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Advice on selling home to developers please!
cazza0104
Posts: 27 Forumite
Hi
My father wants to sell his house but his garden is very long, and has potential for development. His three neighbours are all willing to sell half their own gardens too. In fact he was approached 3 years ago by a developer who wanted his garden and house for access to a development. He didn't want to move at the time so turned them down, and the development didnt go ahead. however, he now wants to move.
We have had three agents value the house, and one agent who came to value the house has offered to put us in touch with a property consultant who can draw up plans and get planning permission before approaching developers. He says he will take his fee from the developers not ourselves.
My question is, do I need to go through the estate agent or should I be approaching planning consultants myself to avoid the estate agents' fees. Obviously, I will need to find someone I can trust so going through the agent would be less risky but I would be then stung for commission when the sale goes through. If I do a deal direct with a consultant, will it be less easy to negotiate no fees (as the agent has proposed).
The other option is to go direct to developers including the one who approached three years ago, and miss out the consultant/agent altogether?
Thanks!
My father wants to sell his house but his garden is very long, and has potential for development. His three neighbours are all willing to sell half their own gardens too. In fact he was approached 3 years ago by a developer who wanted his garden and house for access to a development. He didn't want to move at the time so turned them down, and the development didnt go ahead. however, he now wants to move.
We have had three agents value the house, and one agent who came to value the house has offered to put us in touch with a property consultant who can draw up plans and get planning permission before approaching developers. He says he will take his fee from the developers not ourselves.
My question is, do I need to go through the estate agent or should I be approaching planning consultants myself to avoid the estate agents' fees. Obviously, I will need to find someone I can trust so going through the agent would be less risky but I would be then stung for commission when the sale goes through. If I do a deal direct with a consultant, will it be less easy to negotiate no fees (as the agent has proposed).
The other option is to go direct to developers including the one who approached three years ago, and miss out the consultant/agent altogether?
Thanks!
0
Comments
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What size development are we talking about? and what type houses? flats?
are you talking under 10 properties 10-20 or 20 plus?
Depending on the amount of properties and type would depend on the action.
Do you want to sell or do you want to partner?0 -
Between the four land owners is there one of you with building or business knowledge who could become the developer? Or one who has the strength to negotiate a good deal?
An estate agent is a middle man who wants a cut.
Between the four of you an architect or architectural technician could be engaged to do the design and maximize your return.0 -
I understand the guidance on garden developments changed not long ago - might be worth checking your local planning policy before you do much else....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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