Yes, I do not want this to go pear-shaped! I have suggested that he contact the EA with his offer (and his bank statement!) and we will most certainly consider it..I have no problem paying the EA whatever fee we have agreed on.
Only if he signed a contract drawn up by the EA specifying that he pays the fee once the house is sold. No signed written contract No contractual obligation.Emeralds that is the correct procedure. You are contractually bound to the EA.
No signed written contract No contractual obligation.
Bound by what?? your word??....far from being "contractually bound".
I'm guessing to copper fasten the agreement totally beyond doubt. However, from what others have said above, you can't deduce from that - that a verbal contract is unenforceable??Why don't EAs draw up contracts with vendors to potect their interests when a property sells?
It's not necessary to have a signed contract to have a legally enforceable agreement between the EA and the seller. For example, did you grant the EA permission and access to the property to take photos, measurements, details and erect a sign? If so, then this is an implicit acceptance of the EA's terms.
this happened to me too. The buyer rocked up to the door and made an offer. I accepted, his solicitor and mine got together and the deal was done. Left the property on the market until the keys were handed over then informed the EA that the property was no longer for sale and to remove it from the websites etc. EA was not in the equation as he did not facilitate the transaction in any way so no fee owed.
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