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Help! I'm not exactly streetwise when it comes to "doing deals" where property is concerned & would appreciate any info/advice out there.
Estate Agents have bid in @ €320K for property that we want. Rather than having to pay €10k+ extra in stamp duty, my partner wants to approach the vendor himself (we have his number - very long story, nothing illegal, just amazing powers of observation!) & offer him €317,500 plus about €5k cash.
What could happen here? Can he instruct the Estate Agent to take our offer of €317,500 (which we had put in with the agent) & just take the cash himself or would he have to dump the agent & deal directly with us? Is it an attractive offer for a vendor? Would he still be liable to pay the agents fee if he dumps him? Would he be saving himself money? Would it be a pain in the ass for him to deal with us like that?
Stamp Duty sucks
Estate Agents have bid in @ €320K for property that we want. Rather than having to pay €10k+ extra in stamp duty, my partner wants to approach the vendor himself (we have his number - very long story, nothing illegal, just amazing powers of observation!) & offer him €317,500 plus about €5k cash.
What could happen here? Can he instruct the Estate Agent to take our offer of €317,500 (which we had put in with the agent) & just take the cash himself or would he have to dump the agent & deal directly with us? Is it an attractive offer for a vendor? Would he still be liable to pay the agents fee if he dumps him? Would he be saving himself money? Would it be a pain in the ass for him to deal with us like that?
Stamp Duty sucks