newbie questions

lisyloo

1) is sole selling rights the norm?


If so and a private sale comes along would this be normally handled by waiting for the sole selling rigts contract to expire?
and if so should I be particularly bothered by this?


In this case the property being sold is in a retirement complex so it is possible that someone knocks on the door and asks the manager or puts a note through the door



2) is 1.5% about normal?

G_M

no - sole selling rights is unusual (but may be cheaper if you negotiate!). Avoid

If you think you might find a private sale, don't sign a sole selling right s contract.

If someone puts a note through the door it may because there is a 'for sale' sign outside - EA had done their job and gets paid.

2) About. Yes. Always negotiate.


Just insist the EA offers you a 'sole agency' contract not sole selling rights. Read it before you sign!

lisyloo

Thanks

If someone puts a note through the door it may because there is a 'for sale' sign outside

The for sale sign would be for the estate agent (retirement homesearch) connected with the manging agent (first port).


Our estate agent won't be allowed to put a sign up on the property.


So there is also the possibility that a sale could come through the managing agent and therefore I assume their estate agency branch (I wonder if this is why the agent wants sole selling rights).