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accepting offers on house
dell2001
Posts: 17 Forumite
Hi just a quick question my house is up for sale through estate agent however a friend of the family would like to buy it but it would be a lower offer than asking price as I'm going to rent from them( long story) . The question is do I have to accept the highest offer or Can I go with the lower offer from friend. The fees are a fixed rate for estate agent . Thanks for any advice
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Comments
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You can accept what ever price you want from whoever you want...0
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Check the contract you have with EA. it could well say that if you sell while under contract with them, commission is due, even if it's a private deal.
But what price and which buyer you go with is up to you.0 -
If you plan to sell the house then rent it back from the new owners, they will have difficult if they need a mortgage to purchase it.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Thanks everyone. It's a cash buyer so no mortgage needed . No mention of commission only fixed rate fees thanks again.0
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If you really want to do this I would give them your notice to end the contract, then wait the required number of days before selling it to your friend.
If the estate agent found you a "Ready, willing and able" buyer, offering asking price you might have to pay their fees regardless of whether you accept it or notChanging the world, one sarcastic comment at a time.0 -
If you contract mentions that they have 'Sole Selling Rights' - then a commission is probably due.0
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