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Rogue Estate Agent or just Overpriced?
csgohan4
Posts: 10,607 Forumite
Article https://www.bbc.co.uk/news/business-51659011
Complaining their house is over valued, unbelievable. No insight what so ever why they had no offers or enough viewings
Rubbish Agent or not, if your house is not priced right your not going to get a bite
Complaining their house is over valued, unbelievable. No insight what so ever why they had no offers or enough viewings
Rubbish Agent or not, if your house is not priced right your not going to get a bite
"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP
G_M/ Bowlhead99 RIP
3
Comments
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Pathetic!She had 14 days to cancel the contract with the agent who 'pressured' her to sign up - plenty of time to review the contract.And as csgohan says, the decision on pricing is always the seller's. Yes, agents should and do advise on value, but that's all it is - advice. And that's as it should be! No one can tell me how much to sell my house for, and when selling a multi-hundred-thousand pound asset I own I'd be just plain dumb not to do a bit of research of my own!1
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That BBC article is about a lady who signed up with a "Quick Sale" EA - they are often rogues with a different agenda to normal EAs.
The rogues ones sometimes work like this:- They look for naive, vulnerable people in financial difficulties (e.g. mortgage arrears, debts etc)
- They promise a quick sale to get you out of financial trouble (often with a huge fee)
- Then they sign you up for a 1 year watertight contract (as in the BBC article) - so you can't use another EA
- Then they do nothing - so that your mortgage arrears, debts etc get worse and worse
- Eventually you become so desperate about your debts that you agree to sell your property at a stupidly low price - to the "quick Sale" EA or their associates
3 -
It was a confusing and switching read. I don't think the "journalist" understood the subject as they made a right hash of writing it down.1
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