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Estate Agent being crafty?

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Estate Agent being crafty?

Old 16th Sep 2020, 12:55
  #41 (permalink)  
 
Join Date: Jul 2010
Location: Asia
Posts: 927
These barstewards will often try to get the seller to accept a low offer as an few extra thousand doesn’t make much difference to their commission. Much easier to have 90% of the normal commission for 50% of the work and quickly move onto the next punter.
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Old 17th Sep 2020, 05:02
  #42 (permalink)  
 
Join Date: Jul 2016
Location: Isle of Man
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Originally Posted by BehindBlueEyes View Post
Iíve now completed and all is finished - thank goodness - but what Iíve learnt from the experience is to ensure, once youíve made an offer, to include the words that the offer is conditional on the property being taken off the market and no further viewings etc. I regret not stipulating that and realise as a consequence I caused myself a lot of stress and could have stopped the estate agent playing silly bu££3rs to try to pressure me - especially when it wasnít me holding things up!
That works both ways. But don't play games in Scotland.

Originally Posted by VP959 View Post
We sold our last house with all the white goods, carpets, curtains and about half of the furniture. Both of us agreed not to mention it to the solicitors, thinking it would just cause more hassle than it was worth. Seems we were probably right.
Don't admit that on the internet. Take a look at the money laundering rules and stamp duty regulations.

Originally Posted by BehindBlueEyes View Post
Only, that at the time of this post, we still havenít exchanged. Our purchaserĎs solicitor is now querying what items are going to be left in the house. The purchaser asked if we could leave everything - furniture included - as they plan on major renovations and eventually gutting it. We agreed, particularly as it saves us paying house clearance but that seems to have caused a meltdown by the lawyers. I donít know why a clause, sold as seen, just canít be inserted.
Everything has value. Are you leaving them the Rembrant or an old faded print of the Titanic?

Originally Posted by Pontius Navigator View Post
When we sold our home of 33 years it had clearly been modified over the years. Bathroom walls moved, double garage converted to garage and utility room, conservatory added, kitchen remodled with a bay added etc etc. The buyers from USA wanted the house. Their UK solicitor kept asking questions, not all at once but in batches and drove our solicitor crazy.

Was the garage door motor PAT? No it is a fixed item and domestic items don't need portable appliance testing.
Was the garage an extension? No, who builds a house with a 40 foot gap on one side and 2 feet on the other.
Was there planning permission for the conservatory? No it is permitted.
Was the front porch an addition? No though we had put a pitched roof on it.
It extends too far back. No it doesn't, it is on the garage wall which is not as far back as the house.
It is too close to the boundary. No it isn't, it is 2995 mm from our fence and the fence is 50 mm inside our boundary.
And so it went on. They never questioned the bathroom addition, the kitchen bay, or the resurfacing of the drive.

They had obviously been pouring over Google Earth simply to prove they were top of their game.

In contrast, when we bought our new home the selling solicitor was the obstructive one.

"The seller has never lived in the house and does not know the answer . . . "

We got the seller to engage a surveyor to answer questions such as drainage, construction, boundaries etc. Our solicitor also discovered that the land on which the garage and its drive stood, together with a slice of the back garden did not belong to the vendor. Long story but the vendor had to pay £16,000 to buy it from the builder (his uncle).


​​​​​
If you didn't like the buyer doing their due diligence checks you didn't have to sell it to them.

I hope you got a valuation on that land and garage. How much did you pay for it? Good job you solicitor was on the ball. Think how much it could have cost you to buy 'your own' garage.
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Old 17th Sep 2020, 05:37
  #43 (permalink)  
 
Join Date: Apr 2002
Location: Pays Basque
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Some time after Stirling Moss's career-ending accident at Goodwood in 1962, he was asked what he wanted to do with the rest of his life.

He said, "I have no qualifications to do anything. As a teenager, before I started racing seriously, I’d done a couple of things in the hotel trade – night porter, working in the kitchens – but if you know nothing about anything, there are only two jobs available to you: Member of Parliament or estate agent."

Says it all...
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Old 19th Sep 2020, 13:21
  #44 (permalink)  
 
Join Date: Jan 2002
Location: North England
Posts: 452
"Any thoughts?"

Yes, this is why 'estate agents' are not allowed into the RICS (Royal Institution of Chartered Surveyors).


Their actions often don't meet the 'professional and ethical standards' of that Institution, as do other specialisms of surveyor.

If you see an Estate Agent representing themselves as 'Chartered Surveyors and Estate Agents' the chartered surveyors are likely to be valuation surveyors, separate from the others acting simply as agents on behalf of clients selling houses.

In the 80s 'gazumping' was rife as house prices increased almost daily.

Being an estate agent is a bit like being a second-hand car salesman - something you don't boast about.

Am I biased and have I come across this kind of behaviour 100s of times before - "Yes".

Estate Agents aren't being 'crafty', they are simply being salesmen acting in the best interests of their client in what is considered by many professionals as an unethical manner.

So while the law allows it people will continue to be disappointed when they thought the people advising them were acting fairly and in their best interests (hahahahaha).

If any Estate Agents out there disagree, please Post the RICS information which refers to 'Estate Agents'?!

Here is an extract from an RICS article in 2018 entitled: 'Professionalising the estate agent market':

"The government's proposed new measures to professionalise the estate agent market (8 April 2018), and the managing and letting agents market (1 April 2018) announcement, are positive steps and in line with RICS' ethos.RICS sets and regulates standards for its professionals and regulated firms, but there are many in the sector that fall outside of this regulatory regime. We believe that anyone involved in the buying, selling, renting and managing of our homes should meet minimum professional and ethical standards, and be appropriately regulated.

By introducing obligatory standards, regulation and continuous professional development, we believe consumers will be better protected and existing bad practice driven out.'

"existing bad practice driven out"

QED



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