any estate agents out there ?
Discussion
what's the offical line on taking a property off the market (web sites etc..) after its under offer (or at least stating in the adverts that it is under offer)
is this something that is just generally the right thing to do but there are no actual laws in place to protect the buyer ?
or, as a buyer, do I have an official channel through wich to complain or report a particular estate agent for failing to do this ?
thanks for any help
is this something that is just generally the right thing to do but there are no actual laws in place to protect the buyer ?
or, as a buyer, do I have an official channel through wich to complain or report a particular estate agent for failing to do this ?
thanks for any help
I don't think they have to take it off the market, it's down to whatever you agree with the agent, and whatever their normal practice is. When I made the offer on my current house it included the condition that it was taken off the market straight away. The agent was fine with this, and apart from the slight delay I'd expect in getting it removed from the websites they did it with no problems.
Trevelyan said:
I don't think they have to take it off the market, it's down to whatever you agree with the agent, and whatever their normal practice is. When I made the offer on my current house it included the condition that it was taken off the market straight away. The agent was fine with this, and apart from the slight delay I'd expect in getting it removed from the websites they did it with no problems.
That's about the size of it. If your offer was conditional upon it being removed from the lists then it should be. The problem I guess is that with so many sales falling through after offers are accepted a lot of vendors want marketing to continue almost until exchange.unrepentant said:
Trevelyan said:
I don't think they have to take it off the market, it's down to whatever you agree with the agent, and whatever their normal practice is. When I made the offer on my current house it included the condition that it was taken off the market straight away. The agent was fine with this, and apart from the slight delay I'd expect in getting it removed from the websites they did it with no problems.
That's about the size of it. If your offer was conditional upon it being removed from the lists then it should be. The problem I guess is that with so many sales falling through after offers are accepted a lot of vendors want marketing to continue almost until exchange.garyhun said:
TBH as the seller I would want it kept on the market until exchange. Otherwise if the buyer decides not to proceed you have lost valuable selling/marketing time.
On that basis it would be reasonable for your buyer to continue viewing other properties, leaving you at risk of them finding something more appealing. In a difficult market you would be better trying to secure the confidence of a buyer.The accepted, usual practice is that the vendor stops marketing and the purchaser stops looking, however it's not a perfect world.
Hi all,
Most agents will advise their vendors to keep the property on the market for the collection of names and addresses only.
ie The property remains on the market, and will remain on web sites, any one who enquires will be told the property is SSTC, but their details lodged in case the sale falls through.
Unfortunately there is no law, or avenue of complaint for a prospective buyer, as the Agent only works for the Vendor, as they are the one paying his fee!
Most agents will advise their vendors to keep the property on the market for the collection of names and addresses only.
ie The property remains on the market, and will remain on web sites, any one who enquires will be told the property is SSTC, but their details lodged in case the sale falls through.
Unfortunately there is no law, or avenue of complaint for a prospective buyer, as the Agent only works for the Vendor, as they are the one paying his fee!
Ramthorne said:
garyhun said:
TBH as the seller I would want it kept on the market until exchange. Otherwise if the buyer decides not to proceed you have lost valuable selling/marketing time.
On that basis it would be reasonable for your buyer to continue viewing other properties, leaving you at risk of them finding something more appealing. In a difficult market you would be better trying to secure the confidence of a buyer.The accepted, usual practice is that the vendor stops marketing and the purchaser stops looking, however it's not a perfect world.
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