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Cheated or Gazumped by greedy seller?

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  • Landofwood
    Landofwood Posts: 765 Forumite
    I had a (genuinely) ethical estate agent selling my last house for me and they had that clause about "proceedable buyer" in the contract. It was a very straightforward, clear contract - no attempt to pull wool over eyes - but it was there.

    That was fair enough imo - as they had done the work to sell the place (advertising/photos/viewings/dealing with a "hiccup" that came up in the process).

    So if you have to pull out from your sale due to some unforeseen circumstances, you still have to pay a percentage of the house you did not sell, to the EA? Sounds like a nightmare.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    I don't understand why people wouldn't negotiate these clauses?

    The EA needs the 'stock' to sell. The terms therefore are up for grabs, unless it's a single agency town.
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