Soz, a long one!!
We put our 3 bed house in Scotland up for sale 8 weeks ago with well known national estate agent brand. Valued at 90K, placed on market at offers over 86K (we are in Scotland).
After 5 weeks of marketing (including 3 weeks in local papers), no viewers at all, I called the agents to ask what was going on!!!! They said better to change to fixed price (of 86K which we did.
After further 3 weeks I called them again (they never ring me)yesterday for them to say that they still had no potential viewers.... FFS. Said that they had 89 enquiries/contacts (which I cannot believe) as not one of them had wanted to come and have a look/nose at the place!! Their advice is this time is to drop to 80K fixed price.
I think we made a mistake going with an agent 5 miles away (they don't have a branch in our town). I know that most people will check the internet for properties they are interested in but maybe window advert in local (smaller) agents may have been the way to go!! with local passing trade and people can visit within 5 mins walk.
Anyway:
When speaking to agent yesterday said that we would look to continue marketing with them up to 12 weeks, then give the 28 days notice as stated in the contract. Agent said Ok just need that in writing and I would need to pay 150+vat quid to terminate the contract. WTF
I've reread the contract and not sure if it reads correctly, heres the wording I have problems with:
"The agent will have sole selling rights for a minimum period of 12 weeks from the date of the agreement. The agreement will continue after after this 12 week period until the expiry of 28 days written notice given by either party to the other to terminate."
At the bottom it states that In the event that the agreement is terminated by the vendor, the vendor will be liable to pay the agent 150 pound+vat
My gripes are
a) They havn't even sent us ANY viewers
b)Despite paying 292.58 Marketing fee and 198.58 for newspaper advertising, they want another 150+vat to get out and go elsewhere, if not stay with them and get zero viewers!!
c) I could see if I wanted to go before the 12 weeks and 28 days but I don't, I want to give them up to that time to pull their fingers out of their arse and get me a buyer or at least some viewers!!
Am I being unreasonable to write at 12 weeks give the 28 days and tell them to go and run for their 150+vat