Do I have to pay fees if I withdraw the sale of my house? - HotUKDeals
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Do I have to pay fees if I withdraw the sale of my house?

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My home is currently up for sale & has been since early December, my estate agent has only managed to arrange one viewing, which resulted in several offers, I decided to accept the highest offer, whic… Read More
fionamarina Avatar
7y, 6d agoPosted 7 years, 6 days ago
My home is currently up for sale & has been since early December, my estate agent has only managed to arrange one viewing, which resulted in several offers, I decided to accept the highest offer, which was £5k below the asking price, the sale recently fell through due to a funding issue from our buyer.

The estate agent has now come back to me saying that the original buyers have managed to secure funding, but cannot meet the original offer they made, they would be £1k short, I have toild the estate agent that i am not reducing the sale price again & cannot accept their offer.
What i was mostly concerned with was the way the estate agents attitude changed when i told him I wasnt willing to lower my price any further, he did actually say that "i was making a bad decision" to which I responded " everyone is entiltled to their opinion & its my perogative not to have to accept". I was under the impression that I have instructed them to sell my house & work alongside my requests, none of them being unreasonable!

Anyway the long & short of it is, do I have to pay fees if I withdraw the sale of my house?
fionamarina Avatar
7y, 6d agoPosted 7 years, 6 days ago
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1 Like #1
depends if you have signed anything, usually the estate agents only take a fee on the actual sale of your property
banned 1 Like #2
I dont think so, you may be tied in with them for a period if thats the case you couldnt put it on with someone else in that time (i think)
#3
whatsThePoint
no fee to pay but your house is only worth what someone offers you for it
the fact only 1 person has viewed it means its likely to have been overpriced in the first place or in a poor area no one wants to live


What a lovely comment!
#4
Couldn't you come to a compromise and split the difference, so it's £500?

How much is the house up for? Seems silly to lose a sale over the difference of 1% (if £100,000)
#5
Usually you dont have to pay any fees, double check your T&C's, I can recommend Hatched.co.uk to sell your house with lowest fees for sale, all online and they advertised with all the main sites ie Rightmove.co.uk

We advertised our house with them and were very happy with teh service, fortunately for us we then sold it privately, my father is also currently selling his house with them now and happy with the service.

Because the fees will be less you may be able to play with price if you want to.

Let me know how you get on
#6
You decide not to sell
If you decide not to continue with the sale of your home, you may have to pay some estate agents’ charges, for example, to cover any costs the estate agent has already incurred. This will depend on the original contract between the seller and the estate agent.
If you dispute the amount the estate agent is charging, you should consult an experienced adviser, for example, at a Citizens Advice Bureau.

Source: http://www.adviceguide.org.uk/index/your_family/home_and_neighbourhood_index_ew/moving_and_improving_your_home_index_ew/problems_with_buying_and_selling_a_home.htm#Usinganestateagent
#7
whatsThePoint
no fee to pay but your house is only worth what someone offers you for it
the fact only 1 person has viewed it means its likely to have been overpriced in the first place or in a poor area no one wants to live


Like i said in my post "everyone is entiltled to their opinion", including you!

I think that the fact i have only had 1 viewing is due to the estate agent not pushing it enough & it definately isnt in a poor area.:thumbsup:
#8
whatsThePoint
OK whats your reason no one has viewed it?
If it is a poor area is it worth staying for the sake of £1k


Reason could be many factors, overpriced prehaps by a little, I do agree I wouldn't be fighting too much for 1k, however also I wouldn't give up too easily, if they really want the house then they can stretch, £1k wouldnt make a huge difference on their motgage.

So I would go with overprice slightly, I just felt the comments about someones personal house saying maybe in a not so nice area was a little unfair!
#9
whatsThePoint
no fee to pay but your house is only worth what someone offers you for it
the fact only 1 person has viewed it means its likely to have been overpriced in the first place or in a poor area no one wants to live


lol from the guy who doesn't even own a house
#10
nwressell
Usually you dont have to pay any fees, double check your T&C's, I can recommend Hatched.co.uk to sell your house with lowest fees for sale, all online and they advertised with all the main sites ie Rightmove.co.uk

We advertised our house with them and were very happy with teh service, fortunately for us we then sold it privately, my father is also currently selling his house with them now and happy with the service.

Because the fees will be less you may be able to play with price if you want to.

Let me know how you get on


Thanks rep added:)
#11
diabeticguy
You decide not to sell
If you decide not to continue with the sale of your home, you may have to pay some estate agents’ charges, for example, to cover any costs the estate agent has already incurred. This will depend on the original contract between the seller and the estate agent.
If you dispute the amount the estate agent is charging, you should consult an experienced adviser, for example, at a Citizens Advice Bureau.

Source: http://www.adviceguide.org.uk/index/your_family/home_and_neighbourhood_index_ew/moving_and_improving_your_home_index_ew/problems_with_buying_and_selling_a_home.htm#Usinganestateagent


Thanks rep added :)
#12
fionamarina
Like i said in my post "everyone is entiltled to their opinion", including you!

I think that the fact i have only had 1 viewing is due to the estate agent not pushing it enough & it definately isnt in a poor area.:thumbsup:


I agree estate agents dont do too much to sell houses most of the time, where as with Hatched.co.uk I felt they did a lot of pushing and even mysetery shopped them by getting a friend to call to check what they were like when trying to sell and answer questions on my house and if they took details down etc.

Why not get a friend to call and see how they push your house with them, do they take any details from them, do they push for a viewing etc.
#13
whatsThePoint
OK whats your reason no one has viewed it?
If it is a poor area is it worth staying for the sake of £1k


the way i read it, it would be 6k under the asking price
#14
Alfonse
lol from the guy who doesn't even own a house


Dont need to own a house to be knowledgable on things relating to it.
#15
nwressell
Reason could be many factors, overpriced prehaps by a little, I do agree I wouldn't be fighting too much for 1k, however also I wouldn't give up too easily, if they really want the house then they can stretch, £1k wouldnt make a huge difference on their motgage.

So I would go with overprice slightly, I just felt the comments about someones personal house saying maybe in a not so nice area was a little unfair!


thanks for your support, i thought it was very unfair!
#16
nwressell
Dont need to own a house to be knowledgable on things relating to it.


true, i should carry on with my DIY medical degree and no experience, would you join my surgery?
#17
most have a fee of some sort but i know some of ours dont take the fee if they have not met the agreed terms within a specified time usually between 3-6 months and you can withdraw and go elsewhere hope you get sorted :)
banned#18
as already said, check your t&c to see if you have to pay any, most of them say you have to have the house on the market for so long with them, and again as already said you do not have to sell to anyone
#19
whatsThePoint
OP had accepted an offer of £5k under as i read it and now won't drop £1k to sell


they are now under 1k from the original offer they made which was 5k under already................OP can you clarify?
#20
whatsThePoint
:? you right i don't own a house i sold it to buy a flat


good for you, flats are normally in poor areas, aren't they.......
#21
One thing to look at regarding the £1k - how many mortgage payments is that? I'm guessing not more than a couple of months. If that's the case you would lose more than that holding out for a better offer (cos you're still paying the mortgage each month), especially as your house doesn't appear to be a magnet to buyers (whatever the reason).

Obviously, if you have either no, or a tiny, mortgage this wouldn't apply. :thumbsup:

Dave
#22
I wonder if you could haggle with the estate agent. If they drop their fees slightly then you will accept the offer of 1k less.

That way
1. the estate agent gets some money
2. the buyer gets the house
3. you sell your house at closer to the previously agreed price
#23
whatsThePoint
House prices are not set in stone, estate agents estimate a value which can be a lot more than £6k over whats its worth


lol nice deviation, maybe you could deviate from this thread.............lets see
#24
whatsThePoint
Don't think they have poor area's in the Isle of man, its a haven for dumb ass people :roll:
#25
1k isn't a lot tbh if you've already agreed 5k.
#26
Alfonse
true, i should carry on with my DIY medical degree and no experience, would you join my surgery?


How much would it be for Botox Im really looking into getting this done! tee hee
banned#27
Shengis
1k isn't a lot tbh if you've already agreed 5k.


Got to back that.
If you want to sell, £1k wouldn't make me want to keep hold of it. Unless your selling it for around £5k of course (which I doubt - unless you live HERE)
#28
JonnyTwoToes
Got to back that.
If you want to sell, £1k wouldn't make me want to keep hold of it. Unless your selling it for around £5k of course (which I doubt - unless you live HERE)


Thanks, now everyone knows where I live, Thanks a lot!!!!!!
#29
JonnyTwoToes
Got to back that.
If you want to sell, £1k wouldn't make me want to keep hold of it. Unless your selling it for around £5k of course (which I doubt - unless you live HERE)


The other thing to take into account, how much will the bills come to between now and the time you find another seller (obviously meant buyer, getting as bad as Sassie :lol:). Could be more than 1k down and you're still no further down the line. That was my rationale when I sold my old house.
banned#30
nwressell
Thanks, now everyone knows where I live, Thanks a lot!!!!!!


I thought you lived HERE
banned#31
Shengis
The other thing to take into account, how much will the bills come to between now and the time you find another seller. Could be more than 1k down and you're still no further down the line. That was my rationale when I sold my old house.


Yeah. £1k is nothing. You should have sold.
banned#32
whatsThePoint
How is it a deviation, that how it works :whistling:
if you know nothing(which you clearly don't) why not say nothing?


Is anyone else working out if that contains a double negative?
#33
JonnyTwoToes
I thought you lived HERE


Your good! like it
#34
whatsThePoint
How is it a deviation, that how it works :whistling:
if you know nothing(which you clearly don't) why not say nothing?



you deviated from the facts of 5 + 1 = 6, and started babbling on about house prices not being set in stone, silly boy who lives in a flat

prove i know nothing then oxymoron
banned#35
Should have sold for the 1k lower, thats lucky compared to my nans house when a sale was going through then the buyer came and said he could offer 10k below what had been agreed, so yea 1k isnt bad atall. Although i understand were your coming from too on wanting as close to the asking as possible.
#36
JonnyTwoToes
Is anyone else working out if that contains a double negative?


lol :thumbsup::-D

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