Caporegime
I would not use an agent doing that myself. Soon as I feel stuff like that from an agent I don't bother considering them. So many agents to pick from after all.
The nervous wait to exchange....
- Thread starter noj
- Start date
I would not use an agent doing that myself. Soon as I feel stuff like that from an agent I don't bother considering them. So many agents to pick from after all.
Soldato
- Joined
- 30 Sep 2005
- Posts
- 16,555
It almost feels like solicitors don't actually want to get it done ASAP. It's at the bottom of their queue until a few months in one gets their act together followed by the other and suddenly things move really quickly. All the chasing and escalating you did previously was worthless. 
Soldato
Yea in a nutshell it can be done in a couple of weeks if solicitors worked on it for 6 to 8h a day.It almost feels like solicitors don't actually want to get it done ASAP. It's at the bottom of their queue until a few months in one gets their act together followed by the other and suddenly things move really quickly. All the chasing and escalating you did previously was worthless.
Associate
We had a really good experience with the lastsolicitors we used, especially in comparison to the ones we'd use when we bought our first house. For the first time it felt like they were actively trying to get things done rather than kicking the can down the road and waiting for something to happen.It almost feels like solicitors don't actually want to get it done ASAP. It's at the bottom of their queue until a few months in one gets their act together followed by the other and suddenly things move really quickly. All the chasing and escalating you did previously was worthless.
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Soldato
Could it be that the auction fees work out much higher than the standard conveyancing/estate agent fee?
We experienced similar when selling my gran's Yeovil cottage: EA seemed desperate to auction it ("the amount of work it needs will put most buyers off"), but we were sure it would sell quickly at the price we felt was fair - considering it hadn't been updated in 40 years (despite our best efforts whilst she was alive).
It sold for £375k - similar sized properties were around £500k. EA was adamant it wouldn't sell above £250k and offered "to take it off our hands quickly" at £215k... (Bloody grief-leeches!)
definitely, isn't the standard EA fee something like 1.5% + a standard fee of £500-1000?
vs the auction fee of 4.8%+VAT (working out to be 5.76%)
i'm guessing you still have to hire solicitors/conveyancers for the auction as the EA does not provide that service even in an auction?
if so, that's literally an extra 4% creamed off by the EA for no extra work
Caporegime
To me it has nothing to do with fees. Also EA just care about themselves. You keep hearing the line as a buyer that the EA works for the vendor. No. They work for themselves and happy to give the vendor advice that is not in the vendors best interest.
Auction style will put so many people off from even considering it that you will end up with less interest and a lower price in most cases imo.
A good EA would at least go the normal route and then if no success try something else. But as you can see someone will come along at the right price and buy it anyway.
Soldato
As soon as the EA offered their "fair price for a quick sale" we smelled a rat - although the property itself needed a lot of internal work to update, the structure was sound (and the 2½ acres more than made up for the outlay).
We thought about a higher price, but we were already well over the inheritance tax threshold and I didn't feel like handing any more to the taxman.
Soldato
A cemetery can be a good neighbour. Generally quiet I would not personally mind one across the road and at my age it means that my next move could be a short one.
Soldato
Anybody been asked to do a digital ID check by the vendor's estate agent before at cost?
Ours was for free or should I say included in .86% they take.
Soldato
I guess it depends on the graveyard: "Dead centre of Portsmouth, behind the big Lidl" versus Dorset village church...
"...these aren't just discarded needles, these are Marks & Spencer free-range hyperdermics, for the discerning, privately-educated smackrat with a double-barrelled surname"
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Associate
Yes! By dodgy PB! £60 AND they signed me up to a subscription with 'Lifetime Legal' even though they said it wouldn't. Be careful.
Caporegime
Yeah. Out of like 6 estate agents we looked at one asked for this. They were also the ones who talked the most ******** out of the lot of them. Coincidence?
It should be no sale no fee. Simples.
Caporegime
I'd tell them to go jump in the lake; they can take it out of the exorbitant fee they're charging the seller.
Associate
10 Years this year, same placeJust joining the fun and games
Had an offer on mine on Monday, offered on another place which has been accepted.
Now the fun legal part begins.
As for the stamp duty....
Soldato
Wow - solicitors have really dragged that out. Did you make the mistake of agreeing to hourly billing..?10 Years this year, same place
Caporegime