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Loose and Fast estate agent

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  • 18-08-2017 12:15am
    #1
    TiNcAn
    Registered Users Posts: 154 ✭✭


    Here are the facts:
    - House was advertised on 26.07.2017
    - Attended first viewing on 29.07.2017
    - House was already sale agreed on 01.07.2018 in the morning (around midday)
    - I was busy so didn't bid until 1pm on 01.07.2017 unknowingly that it was sale agreed because the EA was busy and reception said to submit an offer via email

    EA was going on holidays on 01.07.2017 so it is probable that he just wanted to get it done and dusted before he jetted off. But from what I had learned, the EA must legally submit my bid to the vendor.
    Since then I have been contacting the EA to check if the offer was submitted and he has fobbed me off since saying that "I will get back to you when I have more information". 

    It has been close to 3 weeks, How long does it realistically take the EA to ask the vendor if they want to take a higher offer?

    Is there any due course I could take through the PSRA?


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    #2
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    Just to be clear, it is not up to the EA to accept a bid or go sale agreed, that is up to the vendor. If the vendor has accepted a bid and the property is no longer for sale, it's unlikely the EA has any obligation to pass on further bids.

    If the sale was agreed that fast, its either a cash buyer or a relative. You won't be able to compete with either.


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    #3
    Peregrinus
    Registered Users Posts: 26,511 ✭✭✭✭Peregrinus


    davo10 wrote: »
    Just to be clear, it is not up to the EA to accept a bid or go sale agreed, that is up to the vendor. If the vendor has accepted a bid and the property is no longer for sale, it's unlikely the EA has any obligation to pass on further bids . . .
    And, even when he does have an obligation to pass on bids, it's an obligation owed to the vendor, not to the prospective purchaser.

    If the vendor is happy with how his estate agent has handled the marketing of the house, we're done here.


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    #4
    shopper2011
    Registered Users Posts: 86 ✭✭shopper2011


    davo10 wrote:
    If the sale was agreed that fast, its either a cash buyer or a relative. You won't be able to compete with either.


    This previous poster could be right about family member. If the house in probate (a will) then excuter could be selling to family member and they are making the sale water tight by saying twas on the market properly also avoiding inflating the price.

    It is really disapointing for you when you don't get a fair opurtunity but email your bid in anyways. It will do no harm.


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    #5
    astrofool
    Registered Users Posts: 16,678 ✭✭✭✭astrofool


    Your dates/years are all over the place.

    If it went sale agreed that fast, it's likely the vendor wants a quick sale, or family bought it, but it had to be sold on the open market. As it's sale agreed, you're now into gazumping territory.


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    #6
    Wesser
    Registered Users Posts: 1,813 ✭✭✭Wesser


    If it's sale agreed then it is too late I'm afraid.

    How would you like it you were sale agreed and then someone else came along and tried to take it off of you. That's called gazumping. Very bad form.


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    #7
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    TiNcAn wrote: »
    - I was busy so didn't bid until 1pm on 01.07.2017 unknowingly that it was sale agreed because the EA was busy and reception said to submit an offer via email
    Did you bid the asking price? Over the asking price?


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