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Query re: buying & who gets booking fee?

  • 27-02-2013 11:14pm
    #1
    VeeEmmy
    Registered Users, Registered Users 2 Posts: 278 ✭✭


    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?
    Tagged:


Comments

  • #2
    D3PO
    Registered Users, Registered Users 2 Posts: 7,879 ✭✭✭D3PO


    Banished-She wrote: »
    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?

    that should be considered as part of your deposit 110% it is not meant to be returned its meant to be part of the deposit


  • #3
    VeeEmmy
    Registered Users, Registered Users 2 Posts: 278 ✭✭VeeEmmy


    Thanks, D3PO. It seemed so to me, but I wasn't positive. My solicitor didn't pick up on it. Will get back to him on that. Thanks again.


  • #4
    hibby
    Registered Users, Registered Users 2 Posts: 273 ✭✭hibby


    Banished-She wrote: »
    Buying first house.
    I paid the estate agent a €2500 booking fee.

    I have received the contract for sale for my signature.
    On the particulars of the purchase price it lists:
    Purchase price . . € amt
    Less deposit . . . .€ amt
    Balance . . . . . . € amt

    No mention of the $2500 booking fee. Is it a given that the estate agent will return it to me? Or should it be credited as a part of my deposit already received? Or...?

    You paid a 2500 "booking deposit", in part-payment for the house. Now it's time to pay the rest (purchase price - 2500).

    Calling it a "booking fee" just leads to confusion, because it's not a fee.


  • #5
    msbrobe
    Registered Users, Registered Users 2 Posts: 53 ✭✭msbrobe


    In my experience Booking Deposit is held by the agent in most cases. When I do a Sale Advice Note (given to all parties & solicitors) the breakdown is like this
    PURCHASE PRICE: € xxxx

    DEPOSIT: Booking deposit already paid to agent: € xxxx
    Balance of deposit: € xxxx (10% of PP less booking deposit)
    to be paid on signing of contracts.


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