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  • Buy-to-Let

    Portfolio builder

    I'm with JP on this.On our new https://www.opentooffers.co.uk site buyers negotiate direct with sellers and estate agents.The buyer can pay our fee whenever they like - but once paid it is not refundable under any circumstances whatsoever if they pull out.  The buyer can subsequently lower their offer - but if they do they pay a new fee - and we keep the original fee and give part to the seller and part to the estate agent for their time being wasted.If we don't apply these non-refund rigidly sellers and agents would get messed about by buyers - some buyers may not like to hear that - but it is absolutely true.  Given their own way buyers will not make any financial or legal commitment to buy a property until it completes.  Great for the buyer - but not for sellers who want a quick sale and are left at the whim of a buyer to walk away at any time scot free.If the seller pulls out.the buyers fee is refunded.John Paul said:

    Hi Julian

     

    Great to see you on here. Its a business and needs to be treated like a business

     

    Giving fees to charity would be a nice touch and be great for my Karma, i might even get into heaven, but im in no position to do that, theres a recession on you know

     

    JPJulian Sonnessa said:

    If the property stacks, buy it, if it does'nt walk away.

    High fees, low fees, no fees, doesnt really make that much of a difference if the deal works.

    As for giving aborted fees to charity, why on earth would you do that?

    As John Paul quite rightly says, the buyer should pay a fee if they pull out a a deal.



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