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Would you trust an EA / Seller who accepts deposit then pulls back

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  • 12-11-2016 7:11pm
    #1
    allibastor
    Closed Accounts Posts: 2,520 ✭✭✭


    As the title says, would you trust either in this case?
    There is a house i want, had offer accepted and paid deposit.

    Seller has now gone with a new EA and decided to back out, but will talk again for higher offer.

    Would you trust them or not.


Comments

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    #2
    Roger Mellie Man on the Telly
    Registered Users Posts: 1,097 ✭✭✭Roger Mellie Man on the Telly


    Tell us how long you've been sale agreed.


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    #3
    allibastor
    Closed Accounts Posts: 2,520 ✭✭✭allibastor


    Roger Mellie Man on the Telly wrote: »
    Tell us how long you've been sale agreed.

    3 weeks. 2 weeks deposit paid.


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    #4
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I wouldnt trust them at all. They're messers.

    They've gone sale agreed and some monday quarterback has convinced them that they would have got a better deal with another EA so they've torn up your agreement and put the place on the market again with a different EA. Bad tactics.

    Don't give them the comfort of being a safety net. Messers stay messers and are best avoided.


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    #5
    Roger Mellie Man on the Telly
    Registered Users Posts: 1,097 ✭✭✭Roger Mellie Man on the Telly


    Walk. Life's too short.


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    #6
    allibastor
    Closed Accounts Posts: 2,520 ✭✭✭allibastor


    [Deleted User] wrote: »
    I wouldnt trust them at all. They're messers.

    They've gone sale agreed and some monday quarterback has convinced them that they would have got a better deal with another EA so they've torn up your agreement and put the place on the market again with a different EA. Bad tactics.

    Don't give them the comfort of being a safety net. Messers stay messers and are best avoided.

    It kind of defeats the purpose of going sale agreed then.
    Honestly i bought in 2012; just paid asking and was done in 2 weeks.

    I know its a bit different market now, but its a pain with bank sales, unprofessional EA , and sellers who ask for a price, get it, then say we want higher


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    #7
    davindub
    Registered Users Posts: 1,447 ✭✭✭davindub


    allibastor wrote: »
    It kind of defeats the purpose of going sale agreed then.
    Honestly i bought in 2012; just paid asking and was done in 2 weeks.

    I know its a bit different market now, but its a pain with bank sales, unprofessional EA , and sellers who ask for a price, get it, then say we want higher

    Unfortunately until contracts are exchanged either party can pull out. Hopefully the vendor gets less than your offer, unlikely though at the moment, completely different market to 2012!


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    #8
    foggy_lad
    Closed Accounts Posts: 20,373 ✭✭✭✭foggy_lad


    Offer €5k less than your original offer and look elsewhere.


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    #9
    allibastor
    Closed Accounts Posts: 2,520 ✭✭✭allibastor


    foggy_lad wrote: »
    Offer €5k less than your original offer and look elsewhere.

    I am doing the looking elsewhere part already.

    It is good just to see that all through the recession the general EA has not lost the lying part of the job.


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    #10
    maximum12
    Closed Accounts Posts: 666 ✭✭✭maximum12


    allibastor wrote: »
    I am doing the looking elsewhere part already.

    It is good just to see that all through the recession the general EA has not lost the lying part of the job.

    What is your issue with the EA ? It sounds like the EA has been shafted by the seller.


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    #11
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    allibastor wrote: »
    Seller has now gone with a new EA and decided to back out but will talk again for higher offer.
    Seller may have had issues with the EA, and thinks they can get a better deal. IMO, offer less, and be prepared to walk away.


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    #12
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Something else to bear in mind; Even if you offer more now and the second EA sells you the house, the first EA would likely be entitled to his fee. After all it was he who introduced you to the house. Perversely, its not in the second EAs interest to sell you the house.

    This strikes me as the kind of situation where somebody has died and several siblings are fighting while trying to sell the property. Whatever price is agreed by one will always be unacceptable to others. Another possibility is thats its a divorce sale where one party insists the amount obtained is never enough.

    Either situation is a nightmare for any buyer.


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    #13
    pablo128
    Closed Accounts Posts: 6,219 ✭✭✭pablo128


    the_syco wrote: »
    Seller may have had issues with the EA, and thinks they can get a better deal. IMO, offer less, and be prepared to walk away.

    Well they shouldn't have accepted a deposit then.

    It happened my mother in 2002 on a house in Wexford. She met the asking price and paid a deposit. The seller then withdrew it from the market saying he wanted to rent it out. Deposit returned.

    I went down with the folks when they were paying the deposit on another house shortly after. They showed me the original one, which had a new for sale sign in the garden. The new EA was the same one as the house she was paying the deposit on that day. When the EA was told the story, she got on the phone there and then to tell the guy she wouldn't be selling his house for him. Basically told him to fcuk off.


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    #14
    allibastor
    Closed Accounts Posts: 2,520 ✭✭✭allibastor


    maximum12 wrote: »
    What is your issue with the EA ? It sounds like the EA has been shafted by the seller.

    There are two EA involved.

    I had viewed house with A, got offer accepted and paid deposit. Then A rings me to say seller has pulled out.

    EA B rings me to say seller has decided she wants higher offer and is not selling for less. Has said he very confident he will get more.


    I have no idea now should i show EA B my deposit agreement, or just leave them off.


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    #15
    Thestones
    Registered Users Posts: 255 ✭✭Thestones


    [Deleted User] wrote: »
    Something else to bear in mind; Even if you offer more now and the second EA sells you the house, the first EA would likely be entitled to his fee. After all it was he who introduced you to the house. Perversely, its not in the second EAs interest to sell you the house.

    This strikes me as the kind of situation where somebody has died and several siblings are fighting while trying to sell the property. Whatever price is agreed by one will always be unacceptable to others. Another possibility is thats its a divorce sale where one party insists the amount obtained is never enough.

    Either situation is a nightmare for any buyer.

    This is true, my friend is an EA and if they introduce the buyer then they are entitled to their fee, it's in the agreement the seller signs when taking on an EA. The seller obviously doesn't realise this by trying to keep u in the loop, they are messers is definitely right.


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    #16
    Thestones
    Registered Users Posts: 255 ✭✭Thestones


    allibastor wrote: »
    There are two EA involved.

    I had viewed house with A, got offer accepted and paid deposit. Then A rings me to say seller has pulled out.

    EA B rings me to say seller has decided she wants higher offer and is not selling for less. Has said he very confident he will get more.


    I have no idea now should i show EA B my deposit agreement, or just leave them off.

    I would tell the original estate agent, walk away and let them fight it out.


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