Can anyone help re marketing a house in Scotland
(& if I get that far later 'exchanging missives') please?
I have bought in Scotland before but it was 20 years ago so I can't remember.
I am hoping to sell my house.
I have had a contract through to sign from estate agent.
I'm interested in what happens if I withdraw - & at what stage.
There are 3 bits that seem to contradict each other?
Can anyone help me read this? (I'm tired & anxious)
Does it mean:
If I go on the market but withdraw before a 'reasonable offer' (over offers over?) is made then I pay £500 Withdrawal Fee?
If I accept an offer then withdraw I pay 50% of the Sale Fee (1%+vat)
What is the difference between 6.3 & 9.1? I am confused!
Obviously I will not take this as legal advice & will call the firm but if anyone can help me make sense of it first I might make less of an arse of myself?
thankyou x
the relevant bits are:
6.3 We will be entitled to payment of our fees and other costs agreed if a ready willing and able purchaser is introduced to you by us in accordance with your instructions even if you subsequently withdraw or exchange of missives for the sale does not take place, irrespective of your reasons. A purchaser is
defined as somebody who has exchanged unconditional contracts for the purchase of the Property
9.1 If a purchaser is introduced by us (or our joint agent) and sale terms are agreed in accordance with your instructions, even if you subsequently withdraw or if the exchange of Missives does not take place, irrespective of your reasons, we reserve the right to charge you 50% of our sale fee in addition to any outstanding expenses if you withdraw from the sale of the Property. Should you re-instruct us within 6 months any fee monies paid will be deducted from your sale fee.
9.2 If you instruct us to sell your property as per the terms of our “Terms of Business- Property Sales” and in accordance with your instructions, we bring it to market and during the campaign you subsequently withdraw or take it to another agent then we reserve the right to charge a £500.00 withdrawal fee.
This is to cover the work carried out in relation to taking your instructions, listing the property, and meeting our legal requirements re money laundering regulations.
TERMINATION
Our instructions to act may be terminated by either party by giving 28 days written notice. If this happens, all up front marketing expenses and any other costs that we have incurred on your behalf must be paid by you immediately. This will include any costs which we would have otherwise absorbed within our fee if a sale took place.