I'll try to explain as clearly and briefly as possible:
- I made an offer an a house without mine being on the market yet, so relayed to the agent that I'd understand if the vendor didn't accept my offer until I had mine on market (this agent told me what their fees would be - 1.5% - to go on market with them. I said in an email that their fees were too high, and I'd be looking to instruct an online agent who charge flat fee of £1200
- Agent called the next day to say that the vendor had come up with a solution - that they would buy my flat to let out as an investment, effectively making the whole process chain free and allow us both to progress immediately. I was obviously delighted but at that point was trying to get my head round the whole thing (my 5 year old DD had also been diagnosed with Strep-A that day too and I was a bit stressed). I asked the agent what would happen with fees and he said they'd charge me 1% instead of 1.5. At this point I did think it was a bit cheeky and too much, but didn't query it
- Since then, I did the photos and property information myself to email to the buyer, I showed it to them when they came to view. At this point I realised that the EA would pretty much be charging me a fee for doing nothing, so he'd be asking for £4,800. So I told the buyer to contact me direct if he wanted to make an offer, which he did, and we agreed on a price.
- I've emailed the EA to say I don't think he's done anything to warrant a fee of £4,800, considering he's never set foot in my flat, hasn't marketed it, hasn't done photos or floor plans. He'd be benefiting purely by circumstance, and is obviously already making a fee on his commission of selling their house to me, and will also benefit by being the letting agent of my flat, when mines sold as a buy to let.
Hope that all makes sense: in short, my property has never been on the market with him and I've never signed a contract. AIBU to pay him nothing?
He's now asking for a compromise of £1,000 plus VAT, since I told him he's done nothing to warrant a fee.