House Selling - Money Saving Tips

twhurl

Hello,

I am wondering about protecting my interests from point of offer to completion. When I have accepted an offer when can I give notice to my EA that if this sale doesnt go through you wont be my EA when I put it back on the market. Can I give him notice as the process is going through that in two weeks I am free so if this doesnt go to completion I can put it back on market with other EA as soon as I fell like it ? Or do I have to retain him all the way through to potential completion.
Thanks

Doozergirl

twhurl wrote: »

Hello,

I am wondering about protecting my interests from point of offer to completion. When I have accepted an offer when can I give notice to my EA that if this sale doesnt go through you wont be my EA when I put it back on the market. Can I give him notice as the process is going through that in two weeks I am free so if this doesnt go to completion I can put it back on market with other EA as soon as I fell like it ? Or do I have to retain him all the way through to potential completion.
Thanks

Threatening an EA won't get you to completion! There's no logic in what you want to do Once you accept an offer, you've got the EA on side, your solicitor onside and you hope for the best. If they can get as far as getting you a buyer then why dump them and ask someone else to do it if you already have a problem with trusting people? Just ask them to verify the offer and qualify the buyer before you spend out. Give the buyer 10 working days to organise survey or at least come up with a reasonable explanation before you go back to market.

Really, EAs have very little influence on the process once you've accepted an offer. It's the conveyancing you need to get through unscathed and hope you have a genuine buyer. EAs aren't mindreaders

twhurl

Doozergirl wrote: »

Threatening an EA won't get you to completion! There's no logic in what you want to do Once you accept an offer, you've got the EA on side, your solicitor onside and you hope for the best. If they can get as far as getting you a buyer then why dump them and ask someone else to do it if you already have a problem with trusting people? Just ask them to verify the offer and qualify the buyer before you spend out. Give the buyer 10 working days to organise survey or at least come up with a reasonable explanation before you go back to market.

Really, EAs have very little influence on the process once you've accepted an offer. It's the conveyancing you need to get through unscathed and hope you have a genuine buyer. EAs aren't mindreaders

Thanks Doozer,

In no way was I intending to threaten the EA or anything like that. I am just thinking about keeping my options open if things dont work with my offer.
So what you are saying makes sense. I will give everyone 10 days to get the ball rolling if somewhare down the line things dont look like they are serious then I can just say we will have to go back on the market. Since I would like to go back on the market with another EA I can just give my current one notice and when I am ready to go back on the market sign with a new one.

dunnomate

Sounds like this is getting a bit messy alround - annoying people never works !

cheers

dunnomate

takoo

Marcus
Thanks.
I believe that one can save on stamp duty land tax in one or more of the following:

1. if chattels are included in the asking price, once you have settled the price apportion it reasonably between the house and the chattels (SDLT is not paid on chattels)
2. Keep a list of the items so purchased with the agreed price against each (just in case the tax people query the cost of the chattels)
3. for the overall price, negotiate it to below the STLD threshold down(ie when the asking price is just above it)
4. if the seller has improved the property since the antecdent (valuation) date for council tax (CT), bear in mind that after completion of the sale it may jump upwards one (or more) CT bands
5. before you agree the price, capitalise the annual council tax increase and you may have a negotiating point to reduce the price to be paid - there may then be a drop in STLD.

Good luck

Takoo

bluebell1962

hi not sure how to post on here but my mate is selling her house been on market 18months & she needs to sell really urgently she tried every thing but its not moving now thinking of going to one of these agents that buy property. and will rent it back for six months can any one please give me any advice,she has been offered 100.000hers is worth 136.000. thanks

dolce_vita

bluebell1962 wrote: »

hi not sure how to post on here but my mate is selling her house been on market 18months & she needs to sell really urgently she tried every thing but its not moving now thinking of going to one of these agents that buy property. and will rent it back for six months can any one please give me any advice,she has been offered 100.000hers is worth 136.000. thanks

See stock answer #1 in my signiture.

derrekmay

It looks like a nice home, maybe you have to promote it a little bit, maybe in a local newspaper, try to be creative.

derrekmay

Ihope it also works out for you.
Keep me update on how it is going?

halia

useful tips in here. I'm putting a house on the market with a local estate agent. Its difficult to judge which is the best agent but I've gone for a local one that is NEAA member etc and who seemed to know what the were talking about - ie they didn't overpromise and did discuss the fact that the market was slow right now.

Is it worth doing my own advertising as well?

I'm planning on getting my friend to register as a buyer and see if they get sent the details to keep a check on how its going.