'Corporate Client'

[MrsPatmore]

We've just put our house on the market in SE London. Tiny two up two down in unfashionable area. The estate agent said they had a corporate client who was interested. Do you think this was a bit of spin to get us to sign up? They sold the house across the road in 10 days a couple of weeks ago and said this went to the corporate client for 5% under asking price.

Just cynical that a 'corporate client' would be interested in our area (although Crossrail is coming). Do you think this is genuine?

We did manage to negotiate the fees from 1% to 0.8%.

Could be a developer looking longer term - they'll either want to flip it or rent it out then make a profit once crossrail is completed. A one man band can own a company. Ask them for more info.

In lettings ‘corporate let’ can mean firm who wants to place building or hotel workers, or possibly benefit claimants. Mortgage companies usually don’t like them as the law is different.

For sales, corporate may be the same. But as long as you get a good price, why worry.

Thanks for the replies. Hoping they do make an offer.