Can I bypass the auctioneer and offer direct to vendor?

mathepac

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6,748
... The real reason why I want to do this, is to avoid wasting money in EA's commission. But, in the price range I'm searching for (250/300), their commission may be around 3/8k, and maybe an EA may help me deal a better price with the seller and save even more.... what do you think?
I think you're been confused, possibly by some of the posts in the thread.

The EA works for the vendor and his commission is based on the selling price the property achieves. Contractually, the more money the vendor gets, the more of the vendor's money the EA gets. There is no motivation for an EA to negotiate a lower price with you, in fact, the EA cannot agree any price with you but must leave that to the vendor. Finally, the EA cannot agree the sale with you; only the vendor's solicitor can do that.
 

pascal12

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33
Well done and even though we have to take your word for it the EA could have gotten more, you never can tell until its actually on the market and the water has been tested.
The poeple i sold to where diswaded from viewing and eventually told it was sold they paid me 10,000 more than the EA said i could get for the property and the offer he had for me

THIS WAS MY EXPERIENCE AND WHY I CAN AVISE SELLERS NOT TO ENTER SOLE SELLING AGREEMENTS SOME EA's ARE HONOURABLE AND WORK IN YOUR INTEREST BUT SOME DO NOT! YOU CAN BELIEVE OR NOT

deal is complete i know how i will sell my next property
 

MrMan

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1,470
The poeple i sold to where diswaded from viewing and eventually told it was sold they paid me 10,000 more than the EA said i could get for the property and the offer he had for me

THIS WAS MY EXPERIENCE AND WHY I CAN AVISE SELLERS NOT TO ENTER SOLE SELLING AGREEMENTS SOME EA's ARE HONOURABLE AND WORK IN YOUR INTEREST BUT SOME DO NOT! YOU CAN BELIEVE OR NOT

deal is complete i know how i will sell my next property
It proves that people should spend some bit of time deciding on which EA to use, the one you chose sounds incompetent.
 

mayoman2

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96
It proves that people should spend some bit of time deciding on which EA to use, the one you chose sounds incompetent.
Maybe don't engage a EA at all as a completly new option and sell the house yourself saving the commission and the chance of getting a incompetent one - if there are any competent ones out there after the bang :D

Some info on net would give people pointers although american but would set a seller on the right path http://homebuying.about.com/od/sellingahouse/How_to_Sell_Your_House_for_the_Most_.htm
 

pascal12

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33
It proves that people should spend some bit of time deciding on which EA to use, the one you chose sounds incompetent.

I want to get a point accross here as a former seller I was open to an approach where a cash buyer was clearly diswaded (it was'nt the saving on the fee that took presidence but more I felt cheated) from buying my house that is why i advise him to go ahead!

I have acted on advice from my solictor who has the note dropped in the door by the now new owner we await any EA's challange.

For the record the EA is a well known in the area and wasn't incompetent, has a great reputation so I put trust in this person I want this to go out as a waring to others.


IF YOU ARE A SELLER DO NOT GIVE SOLE SELLING RIGHTS TO ANY EA
 

MrMan

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1,470
I want to get a point accross here as a former seller I was open to an approach where a cash buyer was clearly diswaded (it was'nt the saving on the fee that took presidence but more I felt cheated) from buying my house that is why i advise him to go ahead!

I have acted on advice from my solictor who has the note dropped in the door by the now new owner we await any EA's challange.

For the record the EA is a well known in the area and wasn't incompetent, has a great reputation so I put trust in this person I want this to go out as a waring to others.


IF YOU ARE A SELLER DO NOT GIVE SOLE SELLING RIGHTS TO ANY EA

Fair enough, but he doesn't exactly come across as competent in fairness. Did you ever tell him what happened?
 
B

bill.murphy

Guest
Hi everybody, a very interesting post.

My conclusions as a buyer:
- avoid 'certain' estate agents (had a bad experience with Wilson and the ones for castlegrange)
- trust the estate agent if they can get you a lower price. 10k less for them is a very little lost in their commission, but a big plus if they can sell straight away
- there is no arm talking to the seller, just take in copy the ea to be correct

In my personal experience, got e EA to lower the price by 17k (near 7%) for an house whose price was still below it's value.
 

pudds

Frequent Poster
Messages
1,708
Untrue - it all depends on the nature of the contract between the parties (vendor & EA).

But the contract had been terminated and house sold to someone who had not viewed it when up for sale with EA....... I doubt the EA would have any case in that situation.
 
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