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Previously on "What would happen...."

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  • Bagpuss
    replied
    Originally posted by bogeyman
    It's all part of the racket known as the 'UK property market'.

    You don't actually require a solicitor, or an estate agent to buy or sell property in this country. We are just mugged into it.

    Don't get me started on the sellers pack
    You really don't need an estate agent! plenty of sites where you can sell your house from £50.
    As for the solicitor, sometimes you don't need them, depends if it's something complicated, I imagine a few people would get badly shafted by dodgy contracts. Oh course also if you have a Mortgage they will insist on a solicitor.

    So if you have half a brain and no mortgage, you should DIY.

    PS Can we add banks to the funeral pyre?

    Leave a comment:


  • bogeyman
    replied
    Originally posted by DimPrawn
    How does this cosy tie up come to be between the solicitor and the estate agent?
    It's all part of the racket known as the 'UK property market'.

    You don't actually require a solicitor, or an estate agent to buy or sell property in this country. We are just mugged into it.

    Don't get me started on the sellers pack

    Leave a comment:


  • Bagpuss
    replied
    Bingo! and does his best to slow down the process.

    Leave a comment:


  • DimPrawn
    replied
    It's all coming back to me now.

    The agent asks you for the name of the solicitor and acts as a go between and also prevents you from knowing the identity of the buyer to some extent to protect their interests.

    Leave a comment:


  • Bagpuss
    replied
    If you have an estate agent he deals with the solicitor, he's your agent in the sale. If you don't have one you deal with the solicitor (I didn't use an agent last time).

    Leave a comment:


  • DimPrawn
    replied
    How does this cosy tie up come to be between the solicitor and the estate agent?

    Why does the solicitor pay the estate agent and not you?

    What if you advertised your property through an estate agent but sold it privately? How does the solicitor know who to pay?

    Leave a comment:


  • Ruprect
    replied
    Guessing by the scruples (or lack of) that most agents display, I would assume that it would involve a couple of very ugly men, probably wearing leather jackets and with tattoos on their necks, and a very unfortunate 'accident' involving your knees and some blunt objects.

    Anyway, I think BB is right - the solicitor will make sure this is in place first.

    Leave a comment:


  • ratewhore
    replied
    Originally posted by DimPrawn
    ....if you sold a house through an estate agent and then ignored the bill they sent at the end?

    What would they do to recover the debt and how would they enforce non payers who buggered off?

    Try it, find out and let us know - ta...

    Leave a comment:


  • Bitbucket
    replied
    Dosent your solicitor pay the estate agent from the proceeds of the sale?

    If there is not enough to pay everyone then I think they ask you for the extra before they complete , but Im not certain about this.

    Leave a comment:


  • DimPrawn
    started a topic What would happen....

    What would happen....

    ....if you sold a house through an estate agent and then ignored the bill they sent at the end?

    What would they do to recover the debt and how would they enforce non payers who buggered off?

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