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Can my estate agent charge a termination fee?

102 replies

notomato · 10/06/2025 14:20

I signed a contract with my estate agent in December to sell my flat. After 6 months, I've had literally a handful of viewings and no offers. On asking to remove it from the market, he is now charging me £360. It does say this on the contract but, surely, after so long without any offers, this is totally unreasonable?

OP posts:
Pistachioitaliano · 15/06/2025 18:18

MistyMountainTop · 12/06/2025 09:38

For future reference, it is possible for you to vary the terms & conditions of an estate agent's contract with you before you sign it - for instance reducing the %fee if it doesn't get sold within so many weeks, or removing a termination fee if it hasn't received a proceedable offer within 2% of asking price during the time it was up for sale.

Interested to know what is viewed as a proceedable offer? Can an estate agent basically force you to accept an offer if it is near asking price?

MistyMountainTop · 15/06/2025 19:36

That's why I was specific in my post that the offer had to be proceedable, within 2% of asking price. If the EA chooses to overvalued the house, I should imagine no such offer will be received. Proceedable meaning finances in place and not dependent on an offer still to be received for a house whose sale is necessary to proceed with the purchase.

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