2006-12-11 19:31:38 · 12 answers · asked by myriam s 1 in Business & Finance ➔ Renting & Real Estate
read the contract. Most have a lock in clause for a certain number of weeks. If that has expired give them a written instruction to terminate and say you aint paying. One exception is that if the first agent introduced the person who finally buys your property, they will still be due their fee. And if you have a second agent when that happens, the second agent might be due a fee as well.
Go ask another local agent
2006-12-11 19:39:04 · answer #1 · answered by ? 5 · 1⤊ 0⤋
If you don't sell, you don't pay... that simple.
What kind of listing is this? If it is an open listing then anyone can sell the property at any time... any agent or property owner. The only hiccup here is that if you sell to a person that the agent introduced the property to, you may still be liable to pay the agent commission. This would be noted in the contract.
If this is an exclusive right to sell listing, I am afraid you are out of luck.... if you sell anytime before this listing is up the agent is due a commission no matter who sells the property.
If this is an exclusive agency listing then you may sell the property yourself but you may not employ another agent until the current listing is up. If you do, you will be liable to pay BOTH agents a commission if you sell. Again, if the agent introduces the buyer to the property he/she would be considered the "procuring cause" of the sale and would be entitled to a commission.
Your best bet is to either a.) not sell until your the current listing expires and hire a new agent or b.) attempt to negotiate your way out of the current listing.
Good luck
2006-12-11 19:51:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Estate Agents are the scum of the earth and know how to screw every last penny out of you.
true story of a relative's experience (in the UK) .
Mrs S decided to sell her house & retire to a seaside town.
she had it up for sale for 6 months, but no offers.
She didnt think the Estate Agents were very helpful. she says that the only time she saw an EA was when they initially came to look at the house.
they ignored instructions that all viewers should be accompanied by an EA, and - the few people that came to look were sent round directly without an EA
she took it off of the market.
one person had some old details, and approached to estate agents
they told him that they no longer dealt with the sale, refused to help at all.
he contacted the seller direct, they agreed a price and did everything privately.
The estate agents sued and were awarded the full amount as if they had done everything in their power to sell the house.
Estate agents? lower than dog sh!t, in my estimation
2006-12-11 19:46:58 · answer #3 · answered by Vinni and beer 7 · 1⤊ 0⤋
Normally, if you pull out - you don't have to pay the estate agent anything. However, you wouldn't be able to instruct another estate agent until the time you listed for has passed (usually 4-8 weeks from the date the property first went on sale).
2006-12-12 07:50:08 · answer #4 · answered by nemesis 5 · 0⤊ 0⤋
Not usually.
The usual deal with estate agents is that they get a percentage of the sale fee.
If they don't sell the place they don't get paid.
Some estate agents have started charging whether or not they sell the property, if this is the case it'll be in the contract you have with them.
If it wasn't for estate agents buying & selling houses would be so easy...
2006-12-11 19:43:32 · answer #5 · answered by salvationcity 4 · 0⤊ 0⤋
You only pay your estate agent a fee if they do their job properly (your property sells) Its usually a 1-3% of the sale price.
Threaten them with going to another estate agent and I can guarantee they will pull out all the stops to get your property sold!
2006-12-11 19:37:05 · answer #6 · answered by Sophia 2 · 0⤊ 0⤋
If you are in contract, most agencies sign you up to a 16 week contract, you only pay the agent during contract if you sell to someone they introduce, or who they can prove would not have discovered your house were it not for their advertising.
Your on;ly pitfall would be if you were to sign up to another agent whilst in contract, you could then end up paying twice.
But the crix is that you only pay agency fees when a sale completes, so if you dont sell you wont pay.
2006-12-11 19:40:31 · answer #7 · answered by duncanjfield 2 · 0⤊ 0⤋
Not usually but there are some crafty types out there Check your contract carefully.Go to citizens advice or Free solicitor if necessary.Very often agents reserve the right to charge you if you arrange to sell within 3mths of cancelling their agreement.This is to stop you making a private arrangement with a vendor ,introduced by them ,or attracted by their advertising and thus doing them out of commission
2006-12-11 19:46:52 · answer #8 · answered by Xtine 5 · 0⤊ 0⤋
1. Read the small print.
2. Listen to the guy above who said the are lower than dog shite, cause they are.
3. Start listing the house for sale privately, and on the web. People don't always stand in cold shop windows anymore.
Get everything in writing from them.
Good luck.
2006-12-11 19:59:41 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Not if you shoot him in the head and bury the body under the house.
2006-12-11 20:19:49 · answer #10 · answered by satans_scrotebag 1 · 0⤊ 1⤋