New "Have a Look at This" thread

EssexHebridean

When we were looking there were some agents we just scrolled past - the one in question here was one. Purple bricks was another - working in a firm of conveyancing solicitors, I knew my boss was going to be deeply unimpressed if we bought through a listing of theirs! 😂

BikingBud

This one has views of a frequent poster here:

https://www.rightmove.co.uk/properties/166455515#/?channel=RES_BUY

Skiddaw1

BikingBud said:

This one has views of a frequent poster here:

https://www.rightmove.co.uk/properties/166455515#/?channel=RES_BUY

Thank you!!! 

(Have to say the mountain is much more scenic than I am!) 

Ditzy_Mitzy

BikingBud said:

This one has views of a frequent poster here:

https://www.rightmove.co.uk/properties/166455515#/?channel=RES_BUY

True!  I very much enjoy Johnny Two-Fridges's contributions to the forum  .

Nice house, by the way.  The veranda looks to be an ideal place to enjoy a mint julep.

SadieO

GDB2222 said:

monkey-fingers said:

GDB2222 said:

monkey-fingers said:

GDB2222 said:

You are worried about the AI, whilst I would be concerned about this:

https://jukesestates.co.uk/sell-with-no-agency-fee/

I disagree. I quite agree with what they're saying. It's almost always buyers mucking people about. Sellers are committed.

Facts are, don't use them if you're not committed.

At what point do you pay this 1.2% non refundable fee? Surely, not before survey, mortgage offer, and all legals completed. At which point you are ready to exchange. 

Yes, and read their Ts and Cs.
They're quite clear that if you can't get a mortgage, or issues with the survey, you get your money back.

However, if you're pulling out because you've decided you don't want it, then you lose your money.

It's high time we went down the Scottish route. They don't muck about there. The English system is broken. Vendors invest hundreds if not thousands of pounds on solicitors, only for a buyer to suddenly decide to pull out for no good reason (or worse, gazunder)

It’s not as simple as that. Unable to get a mortgage is not at all the same as able to get a mortgage from a mainstream lender at normal rates. Issues with the survey actually says issues with the survey that cannot be resolved. Resolved to whose satisfaction? The agent will have an enormous incentive to decide that an issue is resolved. All surveys find something, and it’s completely subjective whether the issue is resolved or not. 

I’d need to see the details of the contract regarding this fee, together with details of the appeals process (of course there’s an appeal process, surely, as otherwise the estate agent becomes the sole judge of whether they can keep a very large sum of money), before paying them a bean. 

Or, I’d just buy a different property where I’m not required to pay the agent's fees. 

Completely agree. There are so many grey areas, who is making the judgement calls? What if the survey throws up loads of things but the house is marketed as a do-er upper that needs work? Would it be acceptable to pull out, citing a "bad" survey, when the fact that the house needs work is already a given and it has been priced accordingly? 

I'd also be interested to know what is happening to your money while it is sitting in the estate agent's account. Is it gaining interest? Is is subject to the same protections as banks? What if the estate agency goes bust?