Property 'no longer on the market'

Running_Horse

I would imagine the EA might demand a fee if they had arranged a previous viewing.

jacko74

I'm surprised that this situation (of a property being withdrawn from the market without achieving a sale) is new and unfamiliar to you!

In my area the majority of properties on the market end up doing this.

moneyistooshorttomention

I think it may depend on the area too.

Its not something I'd ever noticed prior to my move - but I have seen it happen here.

There is certainly one particular house I am aware of that richochets on and off the market like a yoyo at regular intervals. I've viewed that house:eek:.

Hence it may be that the house is one that isn't particularly "saleable" for some reason and the vendor keeps whipping it on and off the market at intervals to try and make it appear "new on the market" and hope to attract new would-be buyers to look at it (in ignorance of just how long it has really been on the market for iyswim).

However - I subscribe to the "Nothing ventured, nothing gained" school of thought and think that you might as well ask (as you've got nothing to lose by doing so). You never know - it might be a decent house and it might still be "available".

Mickygg

I'd ring up the estate agent to enquire but don't give your details. Then I'd contact the seller by knocking or a note. What's the worst that can happen? They say it's not for sale or they don't contact you.

If I had someone knock on my door tomorrow I'd be ok with that.

moneyistooshorttomention

I think a large number of people would be okay about even literally a "knock on the door" to ask. They either wouldn't be offended by it or some would start asking "How much?"

Yep...I'm in the "How much?" category personally - though, in my case, someone would need to pay quite a bit over market value to be able to buy my house. But, in theory, yep...I'd sell it tomorrow....for the right price.

That's the difference - some would be so desperate to leave they might even sell under value, a lot would sell "at value", some of us would sell at "over value". But many would sell in principle - for whatever price they have established in their minds as the one they would sell for.

Dan-Dan

wwl wrote: »

And if you're lucky maybe split the commission they're now not paying the estate agent:beer:

If a sale happens within a certain time , doesnt the EA have some recourse to still get paid ? (as it sounds like they did `introduce` you to the property)

wwl

Dan-Dan wrote: »

If a sale happens within a certain time , doesnt the EA have some recourse to still get paid ? (as it sounds like they did `introduce` you to the property)

Depends on the contract, but it's the vendor's problem not yours

I'd ring up the estate agent to enquire but don't give your details. Then I'd contact the seller by knocking or a note. What's the worst that can happen? They say it's not for sale or they don't contact you.

I'd approach the seller first rather than alert the EA to the fact he may be missing out on commission.

LittleMrsThrifty

Thanks all. In our area, properties sell quickly so I've not seen a property removed from the market before. I suspect the reason it didn't sell quickly is partly as the agent wasn't great (more used to selling a completely different type of property) and because the house was an ok size but the kitchen is tiny. That's another thing that put me off but I have now realised I can't have it all so as long as it is representated in the price I need to consider all options. I am looking for a long-term house not an investment as such.

I'm going to drop a note in (I have a distinctive accent so can't really call the agent!) and then if nothing comes of it leave it at that and in the meantime look at other things. I just want to be sure that I'm not accused of attempting to gazump (if the house is SSTC/under offer I don't want to get involved at all).