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Any Estate Agents out there?

(32 Posts)
NonnaW Thu 24-Jan-19 13:10:29

We are trying to sell our house. Unfortunately the first sale fell through so we are back on the market but no offers so far. Our problem is this; one of our neighbours has approached us with a view to buying from us. Anyone know where we would stand (legally and morally) selling privately? We are out of the estate agent’s initial contract period.

jocork Sat 26-Jan-19 13:39:38

When we sold my first flat it went to a colleague of my husband's after he put up an ad on a notice board at work. Unfortunately the colleague came round unannounced and we were out so she contacted the EA to make an appointment. We told the agent that we had found our own buyer and they agreed to reduce the commission % even though they'd been involved. Seemed pretty fair at the time.

MadFerretLady Sat 26-Jan-19 16:30:39

When my mother died I sold her commercial properties and home (flat above them) privately to the chap next door. I knew he wanted to redevelop the area and would be interested so I asked if he wanted to take it on, and he assured me he would and keep all the tenants as well since redevelopment was a long way off financially for him. All legal and done through solicitors but he made and accepted. Saved myself both commission from the auctioneers and the advertising package that came with their 'service' which ran into thousands ... job done.

Harris27 Sat 26-Jan-19 16:50:09

If you are going to go ahead with neighbours offer I would take the house off the market with present ea just to cover yourself.

Camelotclub Sat 26-Jan-19 20:03:29

We did this back in 2011. Had house on with an agent, no offers, then months later a note through the door from a couple who'd viewed months earlier! Out of agent time limit so went ahead quite smoothly. Solicitor delighted we'd got one over on the estate agent! Out of courtesy we did inform them (agent) but they weren't interested. So I'd go ahead, and use good solicitor.

Venus Sat 26-Jan-19 23:26:59

Make sure that you've sent a letter to your estate agent cancelling your contract with them. I believe you have to wait several weeks for that to take effect.

CarlyD7 Sun 27-Jan-19 06:32:57

Lots of great advice already. Just one additional thought - make sure that the neighbour didn't know you were selling through seeing the For Sale sign (not sure if that constitutes an Introduction?) If it was me, I would come up with an alternative way that they found out (as neighbours, should be do-able).