Mother-in-law - Private house sale
11 March 2006, 08:27 PM
#1
Scooby Regular
Thread Starter
Join Date: Aug 2004
Location: The bastids wrote it off!
Posts: 1,066
Likes: 0
Received 0 Likes
on
0 Posts
Mother-in-law - Private house sale
Sorry if you thought you were getting an in-law joke!
Right, SNetters, please do me proud...
Mother-in-law has had house for sale for 2 weeks thru agency (they have been ****!). Now she gets a private buyer who wants to buy the house off her.
All legit, and really good news for her... but, what about the estate agent?
Private buyer is not listed with any agent
M-in-law has signed the usual "8 weeks sole agency" crap
Can she just tell the agent the house is sold?
Does the agent have a right to claim a percentage?
Only ever sold houses thru agents so not sure how it works, really appreciate any replies.
Cheers in advance.
John
Right, SNetters, please do me proud...
Mother-in-law has had house for sale for 2 weeks thru agency (they have been ****!). Now she gets a private buyer who wants to buy the house off her.
All legit, and really good news for her... but, what about the estate agent?
Private buyer is not listed with any agent
M-in-law has signed the usual "8 weeks sole agency" crap
Can she just tell the agent the house is sold?
Does the agent have a right to claim a percentage?
Only ever sold houses thru agents so not sure how it works, really appreciate any replies.
Cheers in advance.
John
11 March 2006, 08:32 PM
#2
Scooby Regular
Join Date: May 2005
Location: Here and there but mainly here...
Posts: 6,738
Likes: 0
Received 0 Likes
on
0 Posts
She can always withdraw the house from the agency - they will probably find out that it's being sold but providing the purchaser isn't registered with them then they can't really do much about it.
HTH
HTH
11 March 2006, 08:36 PM
#3
Scooby Regular
Thread Starter
Join Date: Aug 2004
Location: The bastids wrote it off!
Posts: 1,066
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by darren...
She can always withdraw the house from the agency - they will probably find out that it's being sold but providing the purchaser isn't registered with them then they can't really do much about it.
HTH
HTH
11 March 2006, 08:56 PM
#5
Scooby Regular
Join Date: Jan 2006
Posts: 262
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by pslewis
Blow the agent out ... it's a private treaty sale
Pete
Pete
Pete, "private treaty" just means being open market as opposed to being offered for sale in a different environment such as an auction.
John, if she has only signed a sole agency agreement she should be fine. If she has signed a contract that specifies sole selling rights she'lll still have to pay the fee.
Expect the agent to quiz her about how the buyer found out about the property being on the market, if they have a for sale board outside they may well still go for the fee even if it is just a sole agency agreement.
11 March 2006, 08:58 PM
#6
Scooby Regular
Join Date: Apr 2001
Posts: 678
Likes: 0
Received 0 Likes
on
0 Posts
Agreed. Even if she doesn't blow out the agency before hand, as long as it's only a sole agency contract she can do what she likes. It's only a 'sole sale' contract (can't remember the exact name) where she needs to worry.
Simon
Simon
11 March 2006, 09:18 PM
#7
Scooby Regular
Thread Starter
Join Date: Aug 2004
Location: The bastids wrote it off!
Posts: 1,066
Likes: 0
Received 0 Likes
on
0 Posts
Pete Lewis has replied to one of my posts
No for sale sign up yet, (after 2 weeks!) Lazy bar stewards!! So I guess she can just argue with them and tell them to **** off?
John
No for sale sign up yet, (after 2 weeks!) Lazy bar stewards!! So I guess she can just argue with them and tell them to **** off?
John
Trending Topics
11 March 2006, 09:38 PM
#8
Scooby Regular
Join Date: Jan 2006
Posts: 262
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by JPL
Pete Lewis has replied to one of my posts
No for sale sign up yet, (after 2 weeks!) Lazy bar stewards!! So I guess she can just argue with them and tell them to **** off?
John
No for sale sign up yet, (after 2 weeks!) Lazy bar stewards!! So I guess she can just argue with them and tell them to **** off?
John
I would say so, unless as i have already said it's a "sole selling rights" contract she's signed. These are used in some parts of the country.
If it's a sole agency agreement she's signed and the agent has done no marketing that would identify the property to her private buyer she'll be fine.
11 March 2006, 09:48 PM
#9
Scooby Regular
Thread Starter
Join Date: Aug 2004
Location: The bastids wrote it off!
Posts: 1,066
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by C_B_B
I would say so, unless as i have already said it's a "sole selling rights" contract she's signed. These are used in some parts of the country.
If it's a sole agency agreement she's signed and the agent has done no marketing that would identify the property to her private buyer she'll be fine.
If it's a sole agency agreement she's signed and the agent has done no marketing that would identify the property to her private buyer she'll be fine.
Will have a chat to her tomorrow about it.
John
Thread
Thread Starter
Forum
Replies
Last Post