Private Sale

Discussion in 'Mortgages and buying and selling homes' started by Lemurz, Mar 1, 2005.

  1. Lemurz

    Lemurz Guest

    A house has just gone on sale in an estate I'm very interested in moving to. I can't be bothered dealing with the estate agent as I can't stand their mind games and their sky high fees.

    Is there anything to stop me approaching the owner and trying to agree a private sale?

    Does an agent agent have any legal recourse if we agree a private sale without their involvement?

    Thanks,

    Lem
     
  2. sluice44

    sluice44 Guest

    Estate agents can ask the seller to sign a contract that says they get paid regardless of how it's sold. Ouch!

    I signed up with an Esate Agent but sold the house privately. I paid him €300-odd for his time (6 viewings x €50).

    No harm in asking the seller to go private - the seller pays the estate agent afterall.
     
  3. rainyday

    rainyday Guest

    Hi Lem - How did you hear about the house being up for sale?
     
  4. Lemurz

    Lemurz Guest

    A neighbour advised me about two weeks ago, that the house was being sold.

    Since the weekend an auctioneer's sign has appeared in the garden.
     
  5. N0elC

    N0elC Guest

    Just agree with the vendor that they want to take the house off the market with the estate agent, and then agree a price.

    The vendor shouldn't have any liability to the estate agent for a private sale, as such clauses aren't all that common anymore, but they will need to check that for themselves.

    If I were a vendor, I'd be delighted not to have to pay estate agent's fees !
     
  6. oysterman

    oysterman Guest

    Lemurz,

    Good answer!

    Looks like the vendor would be able to dismiss the agent with no liability and a clean conscience and deal with you privately.