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    • gerbiljo
    • By gerbiljo 6th Mar 18, 1:48 PM
    • 843Posts
    • 3,323Thanks
    gerbiljo
    Estate agent advice
    • #1
    • 6th Mar 18, 1:48 PM
    Estate agent advice 6th Mar 18 at 1:48 PM
    Thank all for your help
    Last edited by gerbiljo; 07-03-2018 at 11:30 PM.
    Mortgage November 2003 was £135k, but thanks to this website on 28/08/12 we became MORTGAGE FREE!
    Now just over 2 years we have taken on the challenge again! )(starting £237k Nov 2014) Current mortgage £232,399.82, current overpayment total £1550, years remaining= 17
Page 2
    • jamesperrett
    • By jamesperrett 6th Mar 18, 10:58 PM
    • 798 Posts
    • 433 Thanks
    jamesperrett
    A couple of things to think about...

    Your vendor shouldn't treat you as a serious buyer until you have an offer on your house. I've not read through your posts fully as the lack of paragraphs make it hard so I don't know how seriously your vendors are taking your offer but they would be well advised to keep marketing their property.

    We've also been in a situation where we've been trying to sell an expensive house in an area of mainly cheap houses. Buyers for these sorts of properties are much rarer than buyers of expensive properties in expensive areas so you could expect a wait for the right buyer. In our case it took something like 8 months and we changed agents part way through when it became obvious that our first agent was used to selling cheap properties but had no idea with more expensive properties. There's a reason why certain agents seem to specialise in the higher end of the market - they know what sellers and buyers are looking for in that area.
    • gerbiljo
    • By gerbiljo 6th Mar 18, 11:06 PM
    • 843 Posts
    • 3,323 Thanks
    gerbiljo
    James sperret I agree we have not made an offer as we are not in a position to move or make an offer, but I see it as the maximum price u usuallly get for a property is asking price not more.

    I think I will have to see if I can contact the ombudsman regarding where we stand. I didn’t expect the house sold in 3weeks and was happy to wait a few months before reducing the price. It’s just whether legally I am allowed to set the price and whether they can refuse to change it. Ty
    Mortgage November 2003 was £135k, but thanks to this website on 28/08/12 we became MORTGAGE FREE!
    Now just over 2 years we have taken on the challenge again! )(starting £237k Nov 2014) Current mortgage £232,399.82, current overpayment total £1550, years remaining= 17
    • franklee
    • By franklee 7th Mar 18, 4:10 AM
    • 3,644 Posts
    • 3,896 Thanks
    franklee
    I'm just not sure what to do now as I'm worried about getting an offer of asking price incase that means I need to then pay out and not move anyway.
    Originally posted by gerbiljo
    What you would have to pay if you pull out would depend on what's in the contract you signed.

    https://www.which.co.uk/consumer-rights/advice/i-dont-want-my-estate-agents-services-anymore-what-can-i-do

    "Many agents contracts say that you'll have to pay the fee in the event of our introducing a purchaser who is ready, willing and able to complete the transaction".

    I would ask at least two other agents round to value - but do not engage any until you are contractually free to do so!

    If still not happy with the new price I would put in a written complaint to the estate agent detailing that you felt bullied onto reducing the price, that they have ignored your email and that you want the original price reinstated. That way you can cover your back should you need to refuse an offer at the new asking price. By written I mean on paper with a stamp or hand delivered and clearly marked complaint and get proof of posting.

    Ask for their complaints procedure so you know what to expect. If you are then not happy with how they handled the complaint you can go to the redress scheme they belong to.

    https://www.citizensadvice.org.uk/housing/moving-and-improving-your-home/problems-with-buying-and-selling-a-home/

    If you move agent ask agent 1 for a written list of people they have introduced, give that to agent 2 and get their written agreement that should anyone on the list buy the commission goes to agent 1 and not agent 2 - before you sign up.
    Last edited by franklee; 07-03-2018 at 4:15 AM.
    • aliby21
    • By aliby21 7th Mar 18, 8:27 AM
    • 184 Posts
    • 116 Thanks
    aliby21
    You have budgeted 60k for a bit of fencing and some appliances when you move (post 6). This would cover the 50k drop in price on your house and leave you with enough to buy the one you want. And you can still get a fair number of beko appliances for 10 grand
    • gerbiljo
    • By gerbiljo 7th Mar 18, 11:29 PM
    • 843 Posts
    • 3,323 Thanks
    gerbiljo
    You have budgeted 60k for a bit of fencing and some appliances when you move (post 6). This would cover the 50k drop in price on your house and leave you with enough to buy the one you want. And you can still get a fair number of beko appliances for 10 grand
    Originally posted by aliby21
    Unfortunately no fencing 12 acres of land with a fence to stop a dog escaping, stamp duty, fees and very hefty estate agent commission I can assure you unfortunately comes very close to 60k
    Mortgage November 2003 was £135k, but thanks to this website on 28/08/12 we became MORTGAGE FREE!
    Now just over 2 years we have taken on the challenge again! )(starting £237k Nov 2014) Current mortgage £232,399.82, current overpayment total £1550, years remaining= 17
    • davemorton
    • By davemorton 8th Mar 18, 12:10 AM
    • 26,254 Posts
    • 318,707 Thanks
    davemorton
    Could the dog not make do with a little less than 12 acres, even if just for now?
    (Also, dont understand why you have deleted/amended so many posts OP, it seems as if no one has been causing trouble on the thread, and the posts that have been quoted were all well balanced?)
    “Quis custodiet ipsos custodes?”
    Juvenal, The Sixteen Satires
    • jamesperrett
    • By jamesperrett 8th Mar 18, 12:16 AM
    • 798 Posts
    • 433 Thanks
    jamesperrett
    James sperret I agree we have not made an offer as we are not in a position to move or make an offer, but I see it as the maximum price u usuallly get for a property is asking price not more.
    Originally posted by gerbiljo
    Depends how desirable the property is - if there are a few people very interested then the sale price could easily be higher than the asking price.
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