Have had a property for sale for a couple of months with leading EA in Dublin.
Viewings, offers etc ensued and following advice by their branch representative handling the sale, we verbally accepted an offer from a cash buyer this week. This was on the understanding that all other parties had been eliminated, or had not stayed in the race.
Tonight a couple called to my house and expressed surprise that the EA had been so hasty in going sale agreed when they had intimated to them that they wanted to get an offer in, but had been kind of ignored, not taken seriously or whatever, and not advised that a final offer for closing the sale was on the table. They immediately offered 10K more than the sale agreed price.
They say they have full bank approval for the total costs involved with 100K savings of their own. I believe they can buy the property, even in the current restricted financial market, both being in corporate jobs with good salaries.
I have two problems, namely what to do next regarding the offer and what I should do re the EA's performance.
Should I continue the discussion with the new people informally myself and get them to verify their offer with an explicit bank confirmation of their funding in writing and just sit on the sale agreed offer in the meantime saying nothing for the moment to the EA or their client.
Then if this offer is fully validated, go to the EA for an explanation of their reasons and their handling of the sale process and tell them I have sold it myself. I do not suspect any malice just laziness and negligence. In these circumstances, should I even pay the EA's fees, but this is not a contention as the sale enquiry was the result of their promotion.
I assume I am under no obligation to proceed with their sale agreed client who has paid them a deposit, and that I can sell it myself even though I will probably have contractual obligations to pay them their fee.
Greatly appreciate any constructive advice asap.
Thanks all comments so far.
In essence I suppose it boils down to whether I should explore the new bidders capacity to deliver on the offer, or just pass it on to the EA and ask them to deal with it. Yes I do intend to confront the EA for an explanation early next week as this is only one side of the story. Alternatively, I could examine the bid for a few days and see if they can back it up with substance, and decide then whether it warrants passing on to the EA. I am very cautious here since i have a cash offer agreed by the EA with the money immediately available so definitely do not want to compromise that.
And as MrMan says , I don't want this thread to turn into an EA bashing either.
Its just a matter of timing, do I do it now, or check the other bid out a bit first before I pass it on. thanks.
No Jim. Your opinion is to pass it on straight then, I gather?
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