makng a bid on a house

mcgivernchris

hello,

looking for some advise regarding making a bid on a house that im intrested in. i wish to bid on a house that is on rightmove, however i'm wondering is it ok to make a bid via a private letter stating that i wish to make the transaction via lawyers thus missing out the estate agents fee making the deal more attractive to both parties.

Can you do this legaly? or is there are a legal agreement via the seller and the estate agents?

Thanks for reading

chickmug

mcgivernchris wrote: »

hello,

looking for some advise regarding making a bid on a house that im intrested in. i wish to bid on a house that is on rightmove, however i'm wondering is it ok to make a bid via a private letter stating that i wish to make the transaction via lawyers thus missing out the estate agents fee making the deal more attractive to both parties.

Can you do this legaly? or is there are a legal agreement via the seller and the estate agents?

Thanks for reading

You can try and do what you want. I am all for saving a few bob, as and when I can, but wouldn't stoop so low as to intentionally cut out the agent and attempt to get the vendor to join with me in this. I doubt the agent would be as stupid as to miss this type of scam.

mcgivernchris

cool thanks,

just doing inital research into all fees just seeing were the savings could be made.

Doozergirl

Even if you could save on EA fees, I'm thinking perhaps it would be the vendor first in the queue for the saving rather than you.

If you could do this, we'd all be doing it. Vendors have contracts with EAs. If you are deemed to have been introduced by the EA via particular means (rightmove certainly counts) then they are entitled to a fee. If the vendor attempts to bypass the EA to make a saving, it's the vendor that gets chased by the EA for the fee. There is no incentive to sell to you for a lower price when it would potentially cost them twice.