Has anyone used Freeagent247 worcester

canaldumidi

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

HampshireH

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

It amazes me how some companies miss things like this😂

TheJP

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

SpiderLegs

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

TheJP

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

canaldumidi

TheJP said:

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

Where does it say that?

It clearly says: "if purchase price is higher than £200,000)". ie £200,000.01 and above.

You may be right about what their intention was, but companies usually employ commercial lawyers to translate their clients' intentions into unambiguous contactually binding wording!

TheJP

canaldumidi said:

TheJP said:

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

Where does it say that?

It clearly says: "if purchase price is higher than £200,000)". ie £200,000.01 and above.

You may be right about what their intention was, but companies usually employ commercial lawyers to translate their clients' intentions into unambiguous contactually binding wording!

How i read it;

I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) - The buyer pays £2k

or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. - The buyer pays 1% of the eventual price.

user1977

TheJP said:

canaldumidi said:

TheJP said:

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

Where does it say that?

It clearly says: "if purchase price is higher than £200,000)". ie £200,000.01 and above.

You may be right about what their intention was, but companies usually employ commercial lawyers to translate their clients' intentions into unambiguous contactually binding wording!

How i read it;

I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) - The buyer pays £2k

or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. - The buyer pays 1% of the eventual price.

Yes, that's how we're reading it too. The point is that it's silent about what happens if the price is bang on £200k.

TheJP

user1977 said:

TheJP said:

canaldumidi said:

TheJP said:

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

Where does it say that?

It clearly says: "if purchase price is higher than £200,000)". ie £200,000.01 and above.

You may be right about what their intention was, but companies usually employ commercial lawyers to translate their clients' intentions into unambiguous contactually binding wording!

How i read it;

I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) - The buyer pays £2k

or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. - The buyer pays 1% of the eventual price.

Yes, that's how we're reading it too. The point is that it's silent about what happens if the price is bang on £200k.

It doesn't matter as they are both the same - £2K

canaldumidi

TheJP said:

user1977 said:

TheJP said:

canaldumidi said:

TheJP said:

SpiderLegs said:

TheJP said:

canaldumidi said:

Sunsaru said:

....I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. 

So if the purchase price is £200,000 neither buyer nor seller need pay a fee.

I think Freeagent247 need to review their business model....

No its £2k to pay if the house is under £200k then 1% of purchase price for anything £200k & over.

That’s not what it says.

The way i read it is the lowest you'll pay is £2k or 1% if its £200k and above.

Where does it say that?

It clearly says: "if purchase price is higher than £200,000)". ie £200,000.01 and above.

You may be right about what their intention was, but companies usually employ commercial lawyers to translate their clients' intentions into unambiguous contactually binding wording!

How i read it;

I/we acknowledge our requirement to pay a buyer’s fee on completion of sale and through the solicitors only of £2000.00 + vat (if the purchase price is lower than £200,000) - The buyer pays £2k

or 1.0% + vat of the eventual selling price (if purchase price is higher than £200,000), in addition to the agreed purchase price. - The buyer pays 1% of the eventual price.

Yes, that's how we're reading it too. The point is that it's silent about what happens if the price is bang on £200k.

It doesn't matter as they are both the same - £2K

No.

The £2K fee only applies if the sale price is " is lower than £200,000".

The 1.0% fee only applies if the sale price is " is higher than £200,000".

There is no mention of any fee at all if the price is exactly £200,000.

But let's face it - this esoteric discussion is hardly relevant to the crux of the OP's query, which was surely along the lines of "Should I use this company to sell my house?", and irrespective of the fee anomaly, most replies have been along the line of "Buyers will be put off."