We recently agreed on a price with buyers for our UK house. Their property surveyor then arrived a day earlier than agreed, meaning that our estate agent was not on hand as originally agreed. He decided to downvalue our house primarily based on a recent sale on the other side of the road. He was not local, and admitted to having difficulties in valuing our house, but felt that our house was only worth £20k more than this other house. (The price originally agreed was £40k more). We appealed this decision, based on the fact that our house had previously been valued at £50 to £60k more than this other one. (The same firm valued both houses). We have other info supporting our case, too. However, I am told that I am unable to challenge this decision, because we are not the surveyor's client. Only the client (our buyer) can do this. (But why would he?). The client has reduced his offer accordingly, and we have had to capitulate or risk losing our new house. This incompetency has cost us £20k
137259
I would suggest getting an up to date valuation from the company which initially valued the property at 50 to 60 k more. If the valuations are miles apart suggest that you would like to take the valuations to arbitration or contact the valuers institute and ask them for advice.
149563
If your on your property then you have no responsibilty for compensation.  She could bring a case against the seller, but not against you unless you assisted in a scheme to defraud her, (ie assisted in making the 1st survey false) absent that there's nothing that can be done since you legally own the land, and a person can't claim a "loss" of something they never owned.
597794
You can easily terminate the agreement.  Check your contract for your liability for any expenses though.  But, after a week, the realtor probably hasn't done much more than put a sign in your yard and listed it in the MLS.  Hopefully he's not a short-sighted realtor, shouln't charge you a dime especially because your circumstances have changed.  Now, if you were switching to another realtor........that's a whole 'nother story.
249768
The one thing I think about is when I bought a rental property, I made my offer, not knowing about negotiating tactics.  The buyer agent had me sign a dual agency agreement, and I don't think he had my best interests at heart. I offered a low price and ended up paying full price.  I was naive to the fact that he was not on my side, and also, I should have asked for closing costs or some other bargaining chip.  And I should have stood my ground on the slightly lower price, after coming up some.  Being in the investor shoes, the buyer needed me more than I needer her.  I could've walked away, but she needed to sell.  So she probably would've taken the lower price had I stopped.  Overall, I do not regret the investment, it was good, I am also lucky because I didn't order an inspection!!!  (Naive again) Lucky it was in good shape.  But it also could've been a bargaining chip.  Had I gotten a lower price, I'd of had more equity now.
320745
Contact your real estate broker, they're usually experienced with things like this.\n\nMy understanding is that usually there's a clause in the selling agreement that if the buying party can not full fill the payment required the transaction may be canceled.
496522
Yes, listen to your instincts.  If your agent is not doing their job, fire them!  Get someone who knows what they're doing.  This time, do extra research on who actually knows what they're doing.  You should have a comparative market analysis done free of charge by any agent that wants your business.  This will show you what houses are selling for in your area.  (Not what they are listed for, that information is useless).
655723
That's part of their seller's agreement.\nHopefully, that item you're offering will bring in a much better price if a bidding war erupts between potential buyers.\nKeep you fingers crossed.
518490
Check with your lawyers, but if the buyer's mortgage is ready and they are able to close, you may have to go through with it. I have had situations though where the contract "expired" and the sellers backed out without any penalties, citing that the expired contract no longer bound them to sell the house. It's very tricky to get out of a contract, so make sure they talk to a lawyer, otherwise they can be sued for specific performance.
4145
If you have an agent, have them run a CMA (comparative market analysis) for the property.  This will tell you what other homes the same size, age and location have recently sold for.  From there, you can make a realistic offer.  I've had clients offer full price because of market demands, and I've had clients get $10-20k less because a particular area is slow.  You need more info!  You can email me if you have any further questions.
304745
Never offer the full asking price. I would start out offering 10,000 less than they are asking. They'll probably negotiate with you till you come to a happy medium. Happy house buying!
464607
What area are you looking in? Also the norm is that the Sellers pay commission for the 'Selling agent/Buyers agent'. If your agent is aggressive enough he/she will ensure they get paid half of what the'Listing agent' is getting paid... example lets say the Mls says that the selling agent will receive 3% commission on the sale of the home... then if nothing changes and then escrow amends that then the selling agent gets paid that 3%. Which usually means the seller is paying 6% to whomever is the listing agent. Usually the 'selling agent' gets paid at the close of escrow. Let me know if I can help you negotiate if your in the state of California ... If not I can recommend someone professional in your local city! :)
557153
Questions to resolve...\n\nHow much is the house worth? - Get an appraisal\n\nIs the 1000/mo applied to interest only?  Does it cover the entire amount of interest?  Will the balance at the end of a year be lower, higher, or the same?\n\nIs there a clause that will allow you to get out of the whole deal completely if you change your mind, or find out that the property is bug infested, or has mold damage, or is falling down, etc.?\n\nAsk the seller for a current title search evidencing the property is free and clear of all liens etc, except for the seller's current mortgage.\n\nThis could be very complex depending on the terms of the land contract (lease purchase).  I would contact a real estate attorney to make certain you understand and agree with all conditions.
607444
I hate to be a devils advocate but if I were you I would take it to a Real Estate lawyer, and quick! Most of them will give you a free consultation and if they think you have a good case they will take it on for a piece of the winnings.  A lot of them won't charge you if you lose.
22275
Today's realtor never cease to amaze me what they see as OK.  If the realtor is the agent for the selling party, how do you think the seller would feel if they found out, especially if the realtor is kicking back something else to the buyer in the first sale or the second sale.\n\nFIRST EDIT: I'm not saying that from the buyer's perspective it isn't a good strategy, but raises some ethical questions for me.\n\nSECOND EDIT: Do you have a realtor?  If not, they should be lowering their fees on the first sale for god's sake.  If they aren't doing that, you don't want them selling your house.
336605
Well even though there seems to be a contract orally for the sale of land s.53 of the law of property act 1925 applies as well as s2. law of property act 1989, which means that all sale of land must be in writing and are usual by deed. So practically there is not legally enforceable agreement until contracts are exchanged. So even if tom has spent money on a survey he may not recover.\nThere is debate in this area , but in the uk this is inherent risk in these transactions. He may bring a claim for damages under Hadley v.Baxendale, only for his loss eg the survey costs.\n\nAs far as the car is concerned, no consideration has passed so Tom has not really lost anything, he could enforce the contract, but courts are unlikley to enforce specific performance. Practically if the car is £500 there are plenty like it perhaps, but if the price was more £100,000 eg for a RUF modified porshce which are built to order then as there is nothing like it the court may order specific performance of the contract. Orally contracts cannot usually be enforced without some evidence showing intention.
407560
Place an offer based on what you're willing to pay.  If they're insulted they'll refuse but it's definitely worth the risk if you want the house at YOUR price.  They might even counter offer since the market is so desperate right now.\n\nAround here people are paying amazing low prices as compared with asking prices and some sellers are dropping their asking prices several times because there just aren't enough people looking.  This is normally an area where a good house can "turn" in a week or so.
219017
try going to a local auctioneer and get it valued or try valuations on line to get a rough quote i would like to give you 50 pence no ok then