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Any advice gratefully received - dodgy agent
Comments
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it will also lead to a breakdown in relationship with your agent who will now not be bothered to actively market it, bare that mind."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
That's nice. But are they selling?Similar properties on the road without one of the key features are priced at 1.4 and above.
If they are, then step back, take the rose-tinted glasses of emotion off, and think about why somebody's buying those houses in preference to your mother's?
Post the RM link, if you want a dispassionate view.0 -
Hi
The main issue is that offer wasn't put to her in writing and certainly not within the 2 days which is required by law. Then a letter and a rejection letter were sent out retrospectively. I just need to know what is her position having made a formal complaint due to an illegal activity, but still being 2 weeks in contract.
Thanks.
Does the offer have to legally be put in writing? I thought the whole house buying process was a bit woolly in England until you actually exchange...?0 -
I know offers put in writing must be passed on by the agent but I haven't heard of a law where the agent must put the offer in writing to their client? Personally I can see the point of making a complaint as what will you get from it? Just find an agent you like and get on with things.
Research which agents have marketing you like and are actually selling houses similar to yours in the area and therefore must be fnding buyers. If their contract is good and you like them then sign with them. You don't need to extend a contract to stay with an agent so don't do that again.
It might be worth talking to a few agents to get an idea of what price the property can achieve and what needs doing to yours to achieve that in case there's something holding your property back.Don't listen to me, I'm no expert!0 -
You say your mother's house is semi- detached? Is it a semi-detached house or an end of terrace? A semi-detached house is joined onto one other house. There is a price difference between a semi-detached house and an end of terrace in the same area. An end of terrace house will be cheaper than a semi-detached house in the same area.
In London what also makes a big difference to the price is the quality of the internal fittings. If you are being asked to pay over £1million for a house you won't be happy to pay top price for a 30 year old kitchen or one that has come from an ordinary DIY shop. Some 1930s and older houses have large kitchen extensions at the back which you would not know about unless you had been inside the property. In some conservation areas you are not allowed to change the look of the front of the house so you can't see if there is a loft conversion unless you are standing in the back garden. There are lots of reasons why houses in the same road can fetch different prices.0 -
House is clearly overpriced, agent is trying to sell the house - so they can get paid.
(offers do not have to be in writing)0 -
so you have a vastly overpriced property which did not attract any offers in the 6 months it was initially on the market
then when you got an offer your greed got the better of you and you rejected it on the basis it was 5% below your asking price. Yet anyone knows that a range of +/- 5% is well within the normal margin for settling on a final price versus an asking price. I fail to see how the agent has let you down, it appears you have instead let yourselves down.
Well, that was helpful.
Envy is so corrosive.0 -
westernpromise wrote: »Well, that was helpful.
Envy is so corrosive.
How is that Envy, It could be mortgaged to the hilt.0 -
The term 'dodgy' seems these days to be regarded as a badge of honour amongst some estate agents. Dodgy to them means 'cunning business acumen':o. Don't waste time trifling with something that won't be worth the effort.
Get a new Agent, get the house realistically valued and get it sold. Your elderly mum can do without the drama; she is looking to you to sort out a new home for her and for her sake you need to get on with it.
Faffing around will weigh upon her, if it isn't already. Good luck.Mornië utulië0
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