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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Estate Agent - when does cooling off period end?
Comments
-
Well they didn't come back to me yesterday so it is now in the 21 days notice period, which we can live with. To clarify, we signed up with the EA - full of charm, patter and seemed wonderful. After signing, photos weren't taken - only one of the outside as they said the tenants were too messy for it be photo'd inside (some photos are beer than no photos - to at least show nice floor, decor and brand new bathroom). They also did not set the price we had wanted. They said offers "around XXX" but we wanted a min of £5k more. We've had an offer of below and the guide price but we won't get the £5k more unless we have a bidding scenario. We have decided to wait a while and remarket for the £5k more in a few months.
The lack of interest will be more to do with the fact you have tenants than the estate agent.
Why havent you evicted them?0 -
The lack of interest will be more to do with the fact you have tenants than the estate agent.
Why havent you evicted them?
We have had loads of interest and in 14 days we've had 8 viewings. It doesn't state in the documentation that it has tenants and actually it isn't that bad inside. They are just a bit untidy and certainly nothing that would concern us. From the outside though it is a very unpreetty house - 1980's dark brick, faded at the bottom. But inside, its bigger than outside would have you believe, its laminate flooring throughout, massive walk in pantry, brand new bathroom and large bedrooms.
We don't need to evict them. They move out in September.
The reason for leaving the EA is purely the price - we should have put it on for £5/10k more - we'd still have had the viewings but would have had scope for negotiating on price.0 -
I should have said the first weekend of September. We have of course gone with the guidance of the EA with regards to timing!0
-
We have had loads of interest and in 14 days we've had 8 viewings. It doesn't state in the documentation that it has tenants and actually it isn't that bad inside. They are just a bit untidy and certainly nothing that would concern us. From the outside though it is a very unpreetty house - 1980's dark brick, faded at the bottom. But inside, its bigger than outside would have you believe, its laminate flooring throughout, massive walk in pantry, brand new bathroom and large bedrooms.
We don't need to evict them. They move out in September.
The reason for leaving the EA is purely the price - we should have put it on for £5/10k more - we'd still have had the viewings but would have had scope for negotiating on price.
Lack of interest is when people realise theres tenants in there and run a mile.
How do you know theyre moving out in september??
Its nothing to do with the mess. and everything to do with people being there. Theres no guarantee of vacant possesion.0 -
Their tenancy ends and they asked to move out so we agreed and then we decided to sell. They have already found somewhere else and if it becomes available sooner we will end the contract early and have the house vacant until completion.
None of the agents we have spoken with have expressed any concern with it be tenanted and none of the feedback we have had has suggested this either. Negative feedback has been location and the lack of driveway and garage.
Guest101 there is definitely no lack of interest.0 -
Their tenancy ends and they asked to move out so we agreed and then we decided to sell. They have already found somewhere else and if it becomes available sooner we will end the contract early and have the house vacant until completion.
None of the agents we have spoken with have expressed any concern with it be tenanted and none of the feedback we have had has suggested this either. Negative feedback has been location and the lack of driveway and garage.
Guest101 there is definitely no lack of interest.
Because the EAs want the business. But anyway.
I know that properties with tenants are much harder to sell. Most regular posters will tell you the same thing.0 -
Update on the original post: The EA will release us early and not hold us to the 21 days notice as we have already refused an offer of their guide price so it is unlikely they will be able to achieve more.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards