We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Changing Estate Agents - should we avoid the agents of our buyers?
Wizwoo
Posts: 675 Forumite
We've been unhappy with our estate agents and were about to change agents when we got an offer that we accepted.
Then a couple of days before exchanging our sale fell through (our buyers lost their buyers).
Our buyers still want to buy our house but are not in a position to proceed.
They've changed agents (just before we planned to) and have signed up with the agents we planned to use.
If we signed up with the same agents would there be a conflict of interest? (Since out sale if it happens with them would go via the original agents).
Many thanks,
Woo
Then a couple of days before exchanging our sale fell through (our buyers lost their buyers).
Our buyers still want to buy our house but are not in a position to proceed.
They've changed agents (just before we planned to) and have signed up with the agents we planned to use.
If we signed up with the same agents would there be a conflict of interest? (Since out sale if it happens with them would go via the original agents).
Many thanks,
Woo
0
Comments
-
Are you talking about estate agents or solicitors?
There is no conflict of interest if both people sell through the same estate agents.
If both the seller and buyer want to use the same solicitors however then they both have to be established clients of the firm otherwise you need to use different ones.Currently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
The conflict is this: the new agent can only get commission on your house, OP, if they lose the sale to your buyer. It is in their interests to kick the sale of yours into the long grass - otherwise your buyers will not have a house to move to, so they lose the commission on that house.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0
-
That's what I was worried about.
Thanks for that.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.6K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.7K Work, Benefits & Business
- 601.7K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards