Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Query re: buying & who gets booking fee?

Options
  • 28-02-2013 12:14am
    #1
    VeeEmmy
    Registered Users Posts: 278 ✭✭


    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?
    Tagged:


Comments

  • Options
    #2
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    Banished-She wrote: »
    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?

    that should be considered as part of your deposit 110% it is not meant to be returned its meant to be part of the deposit


  • Options
    #3
    VeeEmmy
    Registered Users Posts: 278 ✭✭VeeEmmy


    Thanks, D3PO. It seemed so to me, but I wasn't positive. My solicitor didn't pick up on it. Will get back to him on that. Thanks again.


  • Options
    #4
    hibby
    Registered Users Posts: 273 ✭✭hibby


    Banished-She wrote: »
    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?

    You paid a 2500 "booking deposit", in part-payment for the house. Now it's time to pay the rest (purchase price - 2500).

    Calling it a "booking fee" just leads to confusion, because it's not a fee.


  • Options
    #5
    msbrobe
    Registered Users Posts: 53 ✭✭msbrobe


    In my experience Booking Deposit is held by the agent in most cases. When I do a Sale Advice Note (given to all parties & solicitors) the breakdown is like this
    PURCHASE PRICE: € xxxx

    DEPOSIT: Booking deposit already paid to agent: € xxxx
    Balance of deposit: € xxxx (10% of PP less booking deposit)
    to be paid on signing of contracts.


Advertisement