Estate agent advice

gerbiljo

James sperret I agree we have not made an offer as we are not in a position to move or make an offer, but I see it as the maximum price u usuallly get for a property is asking price not more.

I think I will have to see if I can contact the ombudsman regarding where we stand. I didn’t expect the house sold in 3weeks and was happy to wait a few months before reducing the price. It’s just whether legally I am allowed to set the price and whether they can refuse to change it. Ty

franklee

gerbiljo wrote: »

I'm just not sure what to do now as I'm worried about getting an offer of asking price incase that means I need to then pay out and not move anyway.

What you would have to pay if you pull out would depend on what's in the contract you signed.

https://www.which.co.uk/consumer-rights/advice/i-dont-want-my-estate-agents-services-anymore-what-can-i-do

"Many agents contracts say that you'll have to pay the fee in the event of our introducing a purchaser who is ready, willing and able to complete the transaction".

I would ask at least two other agents round to value - but do not engage any until you are contractually free to do so!

If still not happy with the new price I would put in a written complaint to the estate agent detailing that you felt bullied onto reducing the price, that they have ignored your email and that you want the original price reinstated. That way you can cover your back should you need to refuse an offer at the new asking price. By written I mean on paper with a stamp or hand delivered and clearly marked complaint and get proof of posting.

Ask for their complaints procedure so you know what to expect. If you are then not happy with how they handled the complaint you can go to the redress scheme they belong to.

https://www.citizensadvice.org.uk/housing/moving-and-improving-your-home/problems-with-buying-and-selling-a-home/

If you move agent ask agent 1 for a written list of people they have introduced, give that to agent 2 and get their written agreement that should anyone on the list buy the commission goes to agent 1 and not agent 2 - before you sign up.

aliby21

You have budgeted 60k for a bit of fencing and some appliances when you move (post 6). This would cover the 50k drop in price on your house and leave you with enough to buy the one you want. And you can still get a fair number of beko appliances for 10 grand

gerbiljo

aliby21 wrote: »

You have budgeted 60k for a bit of fencing and some appliances when you move (post 6). This would cover the 50k drop in price on your house and leave you with enough to buy the one you want. And you can still get a fair number of beko appliances for 10 grand

Unfortunately no fencing 12 acres of land with a fence to stop a dog escaping, stamp duty, fees and very hefty estate agent commission I can assure you unfortunately comes very close to 60k

davemorton

Could the dog not make do with a little less than 12 acres, even if just for now?
(Also, dont understand why you have deleted/amended so many posts OP, it seems as if no one has been causing trouble on the thread, and the posts that have been quoted were all well balanced?)

jamesperrett

gerbiljo wrote: »

James sperret I agree we have not made an offer as we are not in a position to move or make an offer, but I see it as the maximum price u usuallly get for a property is asking price not more.

Depends how desirable the property is - if there are a few people very interested then the sale price could easily be higher than the asking price.