Babystepsfan
Registered User
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- 8
This may be the wrong place to post.
I’ve noticed a big price differential in the same size / condition apartments sold in the same block, apparently this is because (large) investors will pay 12-15% less than first time buyers due to the rent cap on previously rented properties.
This isn’t rocket science obviously.
However - question - is it possible or is there anything to stop an estate agent also working for / taking commission from an investor ? Ie someone engages an estate agent to get the best possible price, estate agent is also paid commission by the investor to broker the deal, ordinary seller loses out on % of potential sale price.
Just a thought - are there any regulations in this area ? Ie preventing estate agents doing this type of deal ?
Thanks in advance
I’ve noticed a big price differential in the same size / condition apartments sold in the same block, apparently this is because (large) investors will pay 12-15% less than first time buyers due to the rent cap on previously rented properties.
This isn’t rocket science obviously.
However - question - is it possible or is there anything to stop an estate agent also working for / taking commission from an investor ? Ie someone engages an estate agent to get the best possible price, estate agent is also paid commission by the investor to broker the deal, ordinary seller loses out on % of potential sale price.
Just a thought - are there any regulations in this area ? Ie preventing estate agents doing this type of deal ?
Thanks in advance