Do I need to pay the estate agent's fees if I pull out of a sale? https://t.co/rf1Khguumw Solicitors & Estate Agents In One Just £899 + vat .. https://t.co/GmjoJxU3bM (via Twitter http://twitter.com/conveyandmove/status/1031438463118331904)
Monday, August 20, 2018
Do I need to pay the estate agent's fees if I pull out of a sale?
We haven’t exchanged contracts yet, but the agent wants more than £1,2000 in commission
Q I have a three-bedroom semi which I own outright. My partner and I wanted to sell up and buy a bungalow because of my health and problems with stairs. We went with our local estate agent and luckily a buyer was found in the first week it went on the market which was in May 2017. We have had lots of problems trying to find a suitable bungalow. The properties that we showed an interest in turned out to have major problems such as drainage at the first bungalow, lack of building regulations at the second and possible foundation movement in the third. We discovered all this over the past 15 months and in that time we have had chains break below us. We are so tired and although we desperately wanted a bungalow we have decided to back out of selling our semi. At this instant we had a solid buyer but we couldn’t face any more stress of looking for another bungalow. The estate agents have billed us £420 for advertising and photos, £420 as well as a commission fee of £1,235 which is half of the commission we would have paid, because they say they had actually sold our house even although we had not exchanged contracts. Is this correct practice?
SA
A If you withdraw from a sale, it is normal to be charged to cover the costs – such as advertising – that an agent has already incurred. And it is also normal to have to pay some or all of the estate agent’s commission but only if the contract you signed contained a “ready, willing and able purchaser” clause. What this means is that you still have to pay the agent for finding a buyer even if your situation changes and you have to withdraw from the sale. If your contract didn’t have such a clause, you shouldn’t have to pay anything on top of the £420 fee for photos and advertising. Another clause to avoid in estate agency contracts is “sole selling rights” which means that the agent is the only agent with the right to sell your home during the term of the contract but also that they will earn their commission even if you find a buyer yourself. This is not the case if your agent has sole agency which gives your agent the sole right to sell your home but does not make you pay commission if you find your own buyer.
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Sunday, August 19, 2018
What’s the deal for your personal finances if there’s a no-deal Brexit? https://t.co/YsLKB2AHP5 Solicitors & Estate Agents In One Just £899 + vat .. https://t.co/GmjoJxU3bM
What’s the deal for your personal finances if there’s a no-deal Brexit? https://t.co/YsLKB2AHP5 Solicitors & Estate Agents In One Just £899 + vat .. https://t.co/GmjoJxU3bM (via Twitter http://twitter.com/conveyandmove/status/1031423404530905088)
What’s the deal for your personal finances if there’s a no-deal Brexit?
Amid warnings of dire consequences, here’s how to cope if it does become a reality
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The currency markets have been doing little to allow British holidaymakers to enjoy a relaxing summer. The pound recently slumped to its lowest level against the dollar and the euro so far this year, meaning a break away just got more expensive.
Behind that slump was the growing possibility that talks between London and Brussels will break down over the coming months and the UK risks leaving the EU with no deal in place. Bank of England governor Mark Carney has warned that the prospects of this happening are “uncomfortably high” and should be avoided at all costs. But if that no-deal does, indeed, become a reality, what will be the impact on the rest of our personal finances?
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Don’t let the rain dampen a summer sale!
We live in the UK, which means that summer weather isn’t always sunny and hot – as much as we would love it to be! When you’re trying to sell, you want your home to look its best, and the rain can not only dampen your lawn, but your spirits as well. If you have buyers coming over and the weather is a little dim, you can still make the house look wonderful!
Light – Even during the day, darker skies can make it seem like evening. To get around this, light up the rooms. Make sure all of the blinds and curtains are open, and turn on all of your lamps including any cupboard and appliance lights. Doing so makes the home welcoming and bright.
Heat – Frustrating as it can be, during winter the temperatures can drop. If your home is a little chilly, turn the heat on low. You really want the temperature inside to be comfortable and want the buyers to stay, especially when the outside is cold.
Summer food – It’s always nice to offer snacks when buyers come round, and offering ‘summer’ snacks will keep buyers in the summer mind frame, rather than feeling that winter has returned. Fresh strawberries and lemonades are ideal.
Pictures – If the buyers are really interested in your home, they’re going to want to see the garden in its full glory. If the rain is pelting, bring out some umbrellas and take them outside for a small tour. Ideally have some great lifestyle pictures of your garden at hand too, to show why the garden is perfect in the sun!
If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch
Do you follow us on Facebook? Join us today for great daily posts.
What to read next: 7 Questions to Ask Your Estate Agent
What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets
The post Don’t let the rain dampen a summer sale! appeared first on Home Truths.
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Don’t let the rain dampen a summer sale!
We live in the UK, which means that summer weather isn’t always sunny and hot – as much as we would love it to be! When you’re trying to sell, you want your home to look its best, and the rain can not only dampen your lawn, but your spirits as well. If you have buyers coming over and the weather is a little dim, you can still make the house look wonderful!
Light – Even during the day, darker skies can make it seem like evening. To get around this, light up the rooms. Make sure all of the blinds and curtains are open, and turn on all of your lamps including any cupboard and appliance lights. Doing so makes the home welcoming and bright.
Heat – Frustrating as it can be, during winter the temperatures can drop. If your home is a little chilly, turn the heat on low. You really want the temperature inside to be comfortable and want the buyers to stay, especially when the outside is cold.
Summer food – It’s always nice to offer snacks when buyers come round, and offering ‘summer’ snacks will keep buyers in the summer mind frame, rather than feeling that winter has returned. Fresh strawberries and lemonades are ideal.
Pictures – If the buyers are really interested in your home, they’re going to want to see the garden in its full glory. If the rain is pelting, bring out some umbrellas and take them outside for a small tour. Ideally have some great lifestyle pictures of your garden at hand too, to show why the garden is perfect in the sun!
If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch
Do you follow us on Facebook? Join us today for great daily posts.
What to read next: 7 Questions to Ask Your Estate Agent
What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets
The post Don’t let the rain dampen a summer sale! appeared first on Home Truths.
from Home Truths https://ift.tt/2N13gZm
via IFTTT
Don’t let the rain dampen a summer sale!
We live in the UK, which means that summer weather isn’t always sunny and hot – as much as we would love it to be! When you’re trying to sell, you want your home to look its best, and the rain can not only dampen your lawn, but your spirits as well. If you have buyers coming over and the weather is a little dim, you can still make the house look wonderful!
Light – Even during the day, darker skies can make it seem like evening. To get around this, light up the rooms. Make sure all of the blinds and curtains are open, and turn on all of your lamps including any cupboard and appliance lights. Doing so makes the home welcoming and bright.
Heat – Frustrating as it can be, during winter the temperatures can drop. If your home is a little chilly, turn the heat on low. You really want the temperature inside to be comfortable and want the buyers to stay, especially when the outside is cold.
Summer food – It’s always nice to offer snacks when buyers come round, and offering ‘summer’ snacks will keep buyers in the summer mind frame, rather than feeling that winter has returned. Fresh strawberries and lemonades are ideal.
Pictures – If the buyers are really interested in your home, they’re going to want to see the garden in its full glory. If the rain is pelting, bring out some umbrellas and take them outside for a small tour. Ideally have some great lifestyle pictures of your garden at hand too, to show why the garden is perfect in the sun!
If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch
Do you follow us on Facebook? Join us today for great daily posts.
What to read next: 7 Questions to Ask Your Estate Agent
What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets
The post Don’t let the rain dampen a summer sale! appeared first on Home Truths.
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