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Thread: Is this an estate agent ploy?

  1. #1
    Master
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    Is this an estate agent ploy?

    Trying to sell my flat, and if my estate agent is to believed, it's on a knife-edge. They are telling me that if exchange hasn't taken place by xxxx the sale will fall through. However talking to my solicitor, they seem much less concerned, saying the conveyancing process has been normal, in fact if anything quite quick so far. Not that there hasn't been the odd delay of course.

    Anyway, is it something EA's will do - stipulate no-existant deadlines for events such exchange of contracts?

    Sorry to the EA's on the forum btw!

    N

  2. #2
    Banned
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    Let us know the day after xxxx.

  3. #3
    Master
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    Don't trust estate agents. All lying crooks.

  4. #4
    Master ~dadam02~'s Avatar
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    End of the month targets to hit by any chance?

  5. #5
    ^^ Both of the above!

  6. #6
    Once the solicitors are engaged i'd ignore the EA. If there are delays / issues that's for the solicitors, that's what they're being paid for!

  7. #7
    Craftsman
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    He probably wants his commission.

  8. #8
    Grand Master JasonM's Avatar
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    If that was the case, their solicitors would be in touch with your solicitors...

  9. #9
    Grand Master Passenger's Avatar
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    Is the Pope a Catholic?

  10. #10
    Master
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    Thanks folks - you've told me all I need to know!

    Neil

  11. #11
    Master
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    Quote Originally Posted by funkstar View Post
    Don't trust estate agents. All lying crooks.
    This....

  12. #12
    First, did you ask the estate agent why? And second, hold your nerve.

    Finally, what's causing the perceived hold up of exchange of contracts? Is it within your power to sort it out or not? If not, c'est la vie.

  13. #13
    Master
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    Put the sale price up by 20% post the drop dead date given by your EA

    See wat the response to that is

  14. #14
    Master
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    I'm with Burnsey on this. There are good and bad EA's as there are conveyancing solicitors, but if it's on the knife edge, the EA should be able to tell you why this is. There can be very good reasons why a deadline is set. If the EA has sold yours, and others in the chain, there may be an issue elsewhere in the chain. Ask them to spit out why they think it's on the knife edge, and judge by that.

  15. #15
    Master Wolfie's Avatar
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    Heard exactly the same from my estate agent in my recent purchase

    Was the sale ever in doubt? I doubt it

    Solicitirs were a complete shower delaying the process though... I reserved my venom for them

  16. #16
    Quote Originally Posted by Wolfie View Post
    Heard exactly the same from my estate agent in my recent purchase

    Was the sale ever in doubt? I doubt it

    Solicitirs were a complete shower delaying the process though... I reserved my venom for them
    I had exactly the same the EA were very good the soliciters on the other hand delayed everything that we had to book into a hotel and we almost missed the deadline to hand the keys in for my sons flat due to their incompetance.

  17. #17
    Master Albellisimo's Avatar
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    Not many Solicitors go to study law with the aim of doing conveyancing, if you catch my drift..........

  18. #18
    Quote Originally Posted by Albellisimo View Post
    Not many Solicitors go to study law with the aim of doing conveyancing, if you catch my drift..........
    Completely agree. I had to go through 3 conveyancing solicitors till I finally found a really good one.
    Last edited by eagletower; 30th October 2014 at 10:57.

  19. #19
    Master
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    Quote Originally Posted by Albellisimo View Post
    Not many Solicitors go to study law with the aim of doing conveyancing, if you catch my drift..........
    Not many conveyances can afford the price of a solicitor in the process either....

  20. #20
    Craftsman RichUK's Avatar
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    The last house we sold we did with an online agent, made things much easier as we had a lot more control and the 'sleaze' factor was much reduced. Achieved marketed price very quickly.

    We also use a very good solicitor, who I've used for many years. We pay more, but get a far better service as a result. For the above sale, our purchasers used a conveyancing company, and they were terribly slow, it was clear the purchasers were one of a significant number being dealt with by the same person at the same time.

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