Agent's tactic

Discussion in 'The Buying & Selling Process' started by Tillie, 30th Aug, 2015.

Join Australia's most dynamic and respected property investment community
Page 2 of 2
  1. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Tell the agent to pass on your details to the vendor, tell him to contact you when the agents contract expires - he'll save on the fees then.
     
    Azazel, 3rd Sep, 2015
    #21
  2. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    It depends on the wording of the agency agreement between the vendor and the agent. In Perth, the stanard agency agreement covers this and the angent would be entitled to a comission is the OP is the ultimate purchaser.
     
    Perthguy, 3rd Sep, 2015
    #22
  3. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,605
    Location:
    Australia
    If the agent was the introduction for the property then they may have a right to claim commission on the sale.
     
    Chilliblue, 3rd Sep, 2015
    #23
    Perthguy likes this.
  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Just trying to pull the agents leg, but I don't think he would be too keen anyway.
     
    Last edited: 3rd Sep, 2015
    Azazel, 3rd Sep, 2015
    #24
  5. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Another option would be to suggest the agent lower their commission. I negotiated two deals in a row where the vendor's agent lowered their commission to get the deal through. :)
     
    Perthguy, 3rd Sep, 2015
    #25
  6. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    You could also burn any rapport built with the REA.
     
    Big Will, 3rd Sep, 2015
    #26
  7. Tillie

    Tillie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    458
    Location:
    Melbourne
    Thanks for the feedback. Made clear to the agent that we are not meeting vendors expectations but happy to discuss if he changes his mind. Still waiting the agents' response. As mentioned the vendor is stubborn and looks like REA has to work hard with them.
     
    Last edited: 5th Sep, 2015
    Tillie, 5th Sep, 2015
    #27
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Good on you for staying patient, best to step back and wait wait to see if they come back to you.
     
    Azazel, 5th Sep, 2015
    #28
    Sackie likes this.
Page 2 of 2