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Can I reduce Estate Agents Fee?

Continued...... The survey was booked in, the EA advised buyer its not best practice but the buyer decided to do it anyway. In the meantime i accepted an offer for full asking price from my colleague making it clear that I was not interested in a bidding war but more that he would commit fully and actually complete the sale, following previous disappointments. I informed my estate agent who insisted they financially qualify my colleague. I have received a letter from the EA confirming the sale and contracted commision owed. Although I feel they should be paid some commission to cover costs, as they did alot of marketing. I cant help but feel a little hard done by as I found the buyer, I have dealt with the buyer directly since inc second viewing and i was outside of technically out of contract and verbally served notice... I did not put the notice in writing. Where do I stand if I only paid a proportion of the commision owed?

Asked on Feb 18 2017, Selling in Kent | Report content

Answers (1)

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  • You would probably want to get the original contract verified with a solicitor but, from what I can see, you should not owe the estate agent any commission as this is a private sale. The estate agent did not really have the right to financially qualify your colleague and they have done this as a `back door` to secure their commission. It is an odd one though - there may well be some small print that could work against you but I would definitely get this check out. All the best.

    Answered on Feb 20 2017, Report content

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