What to do if you detect foul play with selling agent?

Discussion in 'The Buying & Selling Process' started by David_SYD, 17th Nov, 2020.

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  1. skater

    skater Well-Known Member

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    At least then they will know there was another contender for it.
     
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  2. David_SYD

    David_SYD Well-Known Member

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    Quite possibly.
     
  3. meffn

    meffn Well-Known Member

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    I don't understand why you havent done that already? The vendor has 2 representatives, the agent and the solicitor. If you think one isn't passing on the message then speak to the other?
     
  4. David_SYD

    David_SYD Well-Known Member

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    The Vendor’s solicitor is not engaged to broker deals, that’s what they’ve paid the REA $25k for.

    I don’t want to bother people when it’s not within their remit, the same way as I wouldn’t appreciate being bothered with unrelated issues in my everyday role.
     
  5. meffn

    meffn Well-Known Member

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    Except they are very much part of brokering the deal. Before the agent even market the property, the vendors solicitor draws up a contract of sale which sets the terms for the sale. Potential buyers make pre contract requisitions to the vendors solicitors which can have a binding effect unlike representations made by an agent. Variations to contractual terms and special conditions are directed at the solicitor not the agent. The exchange of contracts are done by the solicitors. It's their job to ensures legal interests are protected throughout the whole process, which includes ensuring that the buyers have evaluated all offers - and if they are accepting a lesser offer - to ask why?
     
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  6. wylie

    wylie Moderator Staff Member

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    I've never known for a solicitor to "ensure that buyers have evaluated all offers - and if they are accepting a lesser offer - to ask why?"
     
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  7. meffn

    meffn Well-Known Member

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    Haha I guess you're right. It's more if a prospective buyer comes to the solicitor and complains, the solicitor should double check.