We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
Private Buyer - Do we pay Estate Agent' Commission?
Comments
-
check whether your EA agreement is "sole agency" or "sole selling rights". With sole agency you only pay if they introduce the seller, sole selling rights and they get the commission whatever.
We sold our house to someone who put a note through the door, the EA never argued with that even though the people were on his mailing list (he hadn't yet done a mailing, though we had signed contracts). As he had behaved correctly we made sure any house for sale on multi-agency terms we viewed through him. We did end up buying through him, so he did gain some commission in a roundabout way.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 -
So the peole who u are selling your house to have htey had there survey done yet? Do you not feel its a little unfiar on the buyers who may have already spent a lot of money on proceeding with the sale?0
-
Sole Agency. No survey as of yet. The offer was only put in and accepted a week ago. I would even consider reimbursing them the cost of the survey.0
-
jesilvaltd wrote: »Sole Agency. No survey as of yet. The offer was only put in and accepted a week ago. I would even consider reimbursing them the cost of the survey.
If it is on a sole agency and the neighbour wasn't introduced via the EA then you will not have to pay the EA....even if they have a buyer........it's a little unfair but if that's your decision.....My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
Hi
Well that is ok then . The only reason why i ask is that for the flat i am buying it was practially a survey race (whoever instructed the survey first got the flat). So i assume this is not the case with yours! Its nice that you are offering to reimburse survey costs as well very thoughtful.
Good luck
Yasmin0 -
Take the best offer. Stuff the agents, they would act the same way towards you. As for your other potential buyers, everybody knows the risks in the system in England, so may the best offer win.Signature on holiday for two weeks0
-
Mutton_Geoff wrote: »Take the best offer. Stuff the agents, they would act the same way towards you. As for your other potential buyers, everybody knows the risks in the system in England, so may the best offer win.
Here Here In a nut shell I totally agree.Be good to the young on their way up you might need them on your way down.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards