Should a seller deal directly with a buyer? Is there any harm?
Subscribe to newsletterIs it wise to speak to a buyer directly or give them your contact details?
When you employ an estate agent to look after the sale of your property for you we recommend all communications with a buyer or potential buyer to be via the estate agent.
- The agent is being paid to represent you.
- The agent will document all communications legally.
- The agent’s job is to secure a sale for the best price to the best buyers. They need to vet a buyer thoroughly to protect you.
- The agent legally has to thoroughly qualify a buyer's financial position including checking of all funds and a complete chain if any.
- Some buyers will try to manipulate your thought process to put them in a better light.
- Some buyers could harass you and put undue pressure on you.
- Some buyers will tell you unproven information without fact checking.
- A good agent will always check any information by speaking to the solicitors and other agents in the chain.
- Sometimes buyers get confused on information they pick up.
- A good agent’s job is to keep you fully informed, do the absolute best for you and screen stress from you.
- There are many property laws that the agent is trained on including Anti Money Laundering that could leave the seller open to law suits at a later stage.
Always refer the buyer to the agent on all matters to be guaranteed a low stress secure sale, never exchange numbers or email addresses - Don't risk it!