Ealier this year we listed our home for auction with a local estate agent.
We had the property valued by three different agents.
We decided to go with the one that valued the propery considerable more than the other two agents.
A couple of weeks after signing the contract we were told that the property was worth far less (in line with the other agents).
We would have been happy selling the property at the price that was first quoted, but decided to remove it from the market when they said the property was worth far less.
We are now due to pay advertising fees and dont want to pay them as we feel we have been deceived to gain our business.
We also made it clear our reserve was going to be 70k above what they were going to quote but they said that is fine, there response was start down low and watch it grow.
The agent has sent us a letter saying if advertising cost are not met they are going to put caveats on the property as well as charge a high interest rate.
This is my first post, I hope you can help.
Regards Jason west.
We had the property valued by three different agents.
We decided to go with the one that valued the propery considerable more than the other two agents.
A couple of weeks after signing the contract we were told that the property was worth far less (in line with the other agents).
We would have been happy selling the property at the price that was first quoted, but decided to remove it from the market when they said the property was worth far less.
We are now due to pay advertising fees and dont want to pay them as we feel we have been deceived to gain our business.
We also made it clear our reserve was going to be 70k above what they were going to quote but they said that is fine, there response was start down low and watch it grow.
The agent has sent us a letter saying if advertising cost are not met they are going to put caveats on the property as well as charge a high interest rate.
This is my first post, I hope you can help.
Regards Jason west.