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Code of practice question
Catstube
Posts: 8 Forumite
A house was passed on to the dependents when the Mother, the house owner who had been the occupier died. The dependants who live quite a distance from this house contacted a local Estate Agent who's office was situated 100 Mtrs away from the property on the same street. The Estate Agent was probably aware the property was not occupied. The Estate Agent made an offer to the seller for the property the offer was accepted. The intention of the Estate Agent is to convert this dwelling house into an Estate Agents and relocate. Have any rules been broken ie codes of practice, conflict of interest. My question is related to the purchase and sale and not the change of use. Regards Catstube.
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Comments
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Not from what you've told us.0
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The only think that I believe could possibly be in dispute is if this estate agents did the valuation and knowingly undervalued the property because they wished to purchase it.
If I were the owners then I would be getting another couple of valuations from different estate agents to see if they are compatible.
Since you say the offer has been accepted suggests that no exchange has taken place so there is still time to do something.0 -
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The offer has been accepted to the best of my Knowledge0
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I dont think that information would be available to me, only available to seller and buyer I think.0
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I know the area and had noticed the house had become unoccupied and thought of putting in an offer, I checked online also waiting for the For Sale sign but nothing to indicate the house was for sale. Next appeared a Sold sign then informed the E/A had purchased it for a new location for their business.0
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Are you hoping for the EA to have broken the sort of rule which means the sale is null and void, and actually the house can only be sold to you...?
Sorry mate, but the sour grapes rule doesn't actually exist.0 -
Yes maybe it's a bit of sour grapes, but would have liked the chance to put in an offer. Won't lose any sleep though, just asking.0
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Even if the offer has been accepted it's a free world, nothing to stop you writing a letter and offering your price. Most sales are 'subject to contract' and even having viewings is still possible.
It may be the agent made their offer on the grounds that noone would market the place, but that still doesn't stop you wading in.
Right/wrong/morals aside it's an option.0
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