Wishful Thinking Posted October 23, 2005 Share Posted October 23, 2005 Seller had house on market for £650K - decided not to sell in the end and pulled out. Seller phones estate agent to advise them and gets told not TO APPROACH THEM FOR A HOUSE SALE EVER AGAIN!! Me thinks they're just a tinsy bit upset at losing their £12K commission!! Made my day... Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted October 23, 2005 Share Posted October 23, 2005 (edited) Seller had house on market for £650K - decided not to sell in the end and pulled out. Seller phones estate agent to advise them and gets told not TO APPROACH THEM FOR A HOUSE SALE EVER AGAIN!! Me thinks they're just a tinsy bit upset at losing their £12K commission!! Made my day... Media story or anecdotal? Whats the source? Wonder how much it had cost EA in advertising revenue! Edited October 23, 2005 by OLDFTB Quote Link to comment Share on other sites More sharing options...
200p Posted October 23, 2005 Share Posted October 23, 2005 (edited) An official spokesman of the EA would probably say its not company policy to bar custom and will investigate further and cant speak on individual cases......... Edited October 23, 2005 by trev Quote Link to comment Share on other sites More sharing options...
Wishful Thinking Posted October 24, 2005 Author Share Posted October 24, 2005 Anecdotal. I've met the seller too. Nice old lady, she pulled out of the sale due to the unreasonable behaviour of the buyer (to put it mildly and it wasn't to do with the pricing etc.) he managed to upset the solicitors too. I know it sounds odd, but it's true. No point in being rude and nasty you're only going to upset people and NOT GET YOUR OWN WAY. Quote Link to comment Share on other sites More sharing options...
laughing_goat Posted October 24, 2005 Share Posted October 24, 2005 Seller had house on market for £650K - decided not to sell in the end and pulled out. Seller phones estate agent to advise them and gets told not TO APPROACH THEM FOR A HOUSE SALE EVER AGAIN!! Me thinks they're just a tinsy bit upset at losing their £12K commission!! Made my day... And quite rightly so, whatever we think of EA's they would have spent money and time marketing the place. Quote Link to comment Share on other sites More sharing options...
Goat Posted October 24, 2005 Share Posted October 24, 2005 Anecdotal. I've met the seller too. Nice old lady, she pulled out of the sale due to the unreasonable behaviour of the buyer (to put it mildly and it wasn't to do with the pricing etc.) he managed to upset the solicitors too. I know it sounds odd, but it's true. No point in being rude and nasty you're only going to upset people and NOT GET YOUR OWN WAY. If that's the case then a very stiff letter to the EA's supervisor appears to be in order. Is this a sign that the pressure on EA's is so great that they are loosing the plot if a sale falls through? Quote Link to comment Share on other sites More sharing options...
Levy process Posted October 24, 2005 Share Posted October 24, 2005 And quite rightly so, whatever we think of EA's they would have spent money and time marketing the place. I'm guessing this is just a troll. But just in case it's not: What is your point? That EA's should be utterly protected against people changing their minds, because they actually have to spend some money to take a huge slice of any sale? So what? Are you saying that once you've had them work their marketing magic on a house, that you are duty bound to sell it? If so, that is just ridiculous. If EA's are really worried about that, then they should charge a sum up front to start the marketing process. As far as I know, they don't. So presumably they generally feel that the number of people they'd put off by doing such a thing would outweigh the occassions when the seller withdraws. I think EA's make enough money without taking many risks without protecting them against people changing their mind on a sale. Quote Link to comment Share on other sites More sharing options...
laughing_goat Posted October 24, 2005 Share Posted October 24, 2005 I'm guessing this is just a troll. But just in case it's not: What is your point? That EA's should be utterly protected against people changing their minds, because they actually have to spend some money to take a huge slice of any sale? So what? Are you saying that once you've had them work their marketing magic on a house, that you are duty bound to sell it? If so, that is just ridiculous. If EA's are really worried about that, then they should charge a sum up front to start the marketing process. As far as I know, they don't. So presumably they generally feel that the number of people they'd put off by doing such a thing would outweigh the occassions when the seller withdraws. I think EA's make enough money without taking many risks without protecting them against people changing their mind on a sale. Oh grow up, just because my view doesn't exactly match yours doesn't mean I'm a troll. I've been posting here for sometime now and if you would care to read some of those posts you will find that I am a genuine poster! All I am saying is that if an agent has found a buyer and the vendor pulls out, then they are entitled to be miffed as they have done their job but will not be getting paid for it. Whether you're a fan of EA's or not you must surely sympathise. Personally, I would have charged the vendor for the marketing, rather than ban them. In 2000, I tried to buy a flat, the vendor didn't like the agent (he was a very strange bloke) and wanted to continue the sale to me without the agent. My solicitor told me to 'run a mile' as there could be huge problems, the agent is paid to find buyers, if they find you a buyer and you accept their offer, then you are legally required to pay the agent. If the buyer is problematic, then you should discuss possiblities, deadlines, etc, before pulling out. If this lady decided one day to phone the agent and pull out, then the agent would be quite within his/her rights to demand payment. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted October 24, 2005 Share Posted October 24, 2005 this must happen a lot. though the EA must be pretty upset to get so shirty. maybe thats pressure. Quote Link to comment Share on other sites More sharing options...
Levy process Posted October 24, 2005 Share Posted October 24, 2005 Oh grow up, Quote Link to comment Share on other sites More sharing options...
laughing_goat Posted October 24, 2005 Share Posted October 24, 2005 I'm guessing this is just a troll. Quote Link to comment Share on other sites More sharing options...
dog Posted October 24, 2005 Share Posted October 24, 2005 I cannot help laughing when I hear about estate agents getting upset with the public. It is a bit like bank a robber complaining that his 'get away' car has been clamped. Quote Link to comment Share on other sites More sharing options...
VacantPossession Posted October 24, 2005 Share Posted October 24, 2005 Anecdotal. I've met the seller too. Nice old lady, she pulled out of the sale due to the unreasonable behaviour of the buyer (to put it mildly and it wasn't to do with the pricing etc.) he managed to upset the solicitors too. I know it sounds odd, but it's true. No point in being rude and nasty you're only going to upset people and NOT GET YOUR OWN WAY. In EA language, "unreasonable behaviour of a buyer" ALWAYS means they lowered the offer. NO OTHER behaviour is considered unreasonable where an EA is concerned. They EXIST solely to earn the MAXIMUM commission possible and are not interested in or concerned with "behaviour". There is no moral dimension to the business of EA's. So, with that in mind, what do you mean by "unreasonable behaviour"?". VP Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted October 24, 2005 Share Posted October 24, 2005 Anecdotal. I've met the seller too. Nice old lady, she pulled out of the sale due to the unreasonable behaviour of the buyer Why does it not surprise me that she was a older lady. Given the nature of that business I am sure it attracts more than its fair share of bullies, and who better to bully? Quote Link to comment Share on other sites More sharing options...
Wishful Thinking Posted October 25, 2005 Author Share Posted October 25, 2005 In EA language, "unreasonable behaviour of a buyer" ALWAYS means they lowered the offer. NO OTHER behaviour is considered unreasonable where an EA is concerned. They EXIST solely to earn the MAXIMUM commission possible and are not interested in or concerned with "behaviour". There is no moral dimension to the business of EA's. So, with that in mind, what do you mean by "unreasonable behaviour"?". VP I dont' want to give away too many details on the internet, but I'm pretty sure it was nothing to do with price. Basically, the man is just a very unpleasant character, and the lady wasn't desparate to sell. Just thought it was a strange overreaction on the EA's part. Perhaps they had to cancel their Xmas Party!!! Quote Link to comment Share on other sites More sharing options...
Goat Posted October 25, 2005 Share Posted October 25, 2005 Just thought it was a strange overreaction on the EA's part. Perhaps they had to cancel their Xmas Party!!! Quite so, I wonder how much pressure the agent must be under to overreact like that? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.