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Do I pay EA fees if I pull out of house sale?

57 replies

FatG · 26/09/2024 11:21

I’m selling a jointly owned house and plan to go with an estate agent to photograph and market the property and to conduct viewings. Have never used an EA to sell before so don’t know about their fees and if they all usually work in the same way. If they find a willing buyer and get an offer (maybe a few), do we have to accept it and pay the fee? I appreciate that the agents will have put in some hard work to advertise it and liaise with potential buyers to get to that point. I understand that the sale can be stopped at any point before exchange and I would not even consider pulling out at all after buyers have spent any money on surveys etc. Are EA fees payable only on completion?
YABU-EA fees are payable even if you pull out of the sale.
YANBU-It’s your house and if you don’t like the buyers they find you shouldn’t have to sell it or pay the EA fees.

OP posts:
WiserOlderElf · 26/09/2024 12:25

FatG · 26/09/2024 12:10

Thanks, yes in England. I’m just not sure when I’m liable for fees. It makes sense that they’re actually paid on completion (when the money is available from the sale.) What I’m not sure on is whether I’m still obliged to pay when a good buyer is found, even if the sale doesn’t complete because of me.

Why would this happen though? Why do you think you might pull out of the sale, even if you have a good buyer? Don’t you want to sell?

Suzuki70 · 26/09/2024 12:15

It will say in the contract if there is a withdrawal fee but I don't really understand why you would take it off the market just to get rid of a potential buyer, or how you think you'll sell it otherwise?

FatG · 26/09/2024 12:10

pilates · 26/09/2024 11:55

As pp said you only pay commission once the sale has completed. Presuming you’re in England? Not sure if it’s different in Scotland.

Thanks, yes in England. I’m just not sure when I’m liable for fees. It makes sense that they’re actually paid on completion (when the money is available from the sale.) What I’m not sure on is whether I’m still obliged to pay when a good buyer is found, even if the sale doesn’t complete because of me.

OP posts:
pilates · 26/09/2024 11:55

As pp said you only pay commission once the sale has completed. Presuming you’re in England? Not sure if it’s different in Scotland.

FatG · 26/09/2024 11:35

Mrsttcno1 · 26/09/2024 11:26

You don’t HAVE to accept an offer if it doesn’t match what you were looking for, but if you decide to take your house off the market most (every?) estate agents charge a fee

Would this be the full fee though? Because it is several thousands, just for a few pics, calls and showing some people around.

OP posts:
Itsgettingbettetman · 26/09/2024 11:26

You only pay if you sell generally. You are not obliged to accept any offer. Check terms and conditions

Mrsttcno1 · 26/09/2024 11:26

You don’t HAVE to accept an offer if it doesn’t match what you were looking for, but if you decide to take your house off the market most (every?) estate agents charge a fee

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