Private Sale – outside of agent after introduction- Brisbane QLD

Hi all,

Just after some advice as a buyer,

I have placed an offer on a property where I contacted the agent, viewed the property through open home on a weekend with many others, then placed an offer the next day. First placing a deadline on my offer which has lapsed, then negotiated with Agent about 5x and come up to a price I had been told was originally what the owner would accept, its now 3 days in and I feel im being strung along and the agent is just trying to keep pushing the price (im actually $10k over the “offers over XXX price)

I keep being fed the “vendor needs more time to decide story” so I tracked the vendor down online and contacted him directly, in which he mentioned its the second time he has employed an agent that mucks around, (I don’t know why the agent wouldn’t just want to get a deal done straight away)

After a good chat with the vendor, negotiating where we both are in our situation, timeline for settlement/moving etc

He has thrown the idea that he as the vendor waits until his 3 month contract with the agent/agency is over, and then myself and him get a contract drawn up between solicitors and get it done. Saving the $20k obviously. He’s going to speak with a solicitor but I just wanted some advice from a buyers perspective

Obviously I don’t care either way as my offer is what it is and either way it saves me nothing more or less, I didn’t sign up the house with the agent, I don’t have a moral obligation to the agent, I just want to buy the property.

My question is can this go through smoothly providing its after the 3 month Vendor/agent contract term, I mean if he was to re sign with another agent and I bought it then there would be no issue so what’s the difference of going private? I have no access to the contract that was signed to the agent but Vendor says it was 3 months.

Regards,

• This topic was modified 6 years, 11 months ago by  Codie.