EA refund balance of booking deposit after closing

kk2014 · 22-02-2018 12:31pm #1

Just wondering what is the normal time frame for an estate agent to refund a booking deposit (minus their fees and VAT) to the sellers solicitor following the sale closing? Not sure at this stage if my EA is delaying things longer than normal at a week with no correspondence and not returning calls?

rameire · 22-02-2018 1:24pm

I sold and closed 31st Jan,
only received the refund from the EA on the 20th Feb.
The EA took a few days to confirm costs, and then sent the refund by cheque by post to my solicitor who was 150 meters away.
solicitor then had to lodge it and wait for it to clear, and then send it to me.

theboringfox · 22-02-2018 2:43pm

Mine was adjusted off closing price so there was none outstanding. Is it normal for it to only get given back after close?

kk2014 · 22-02-2018 3:21pm

Thank you both. Yes it's normally done after closing, however our EA bought our house and has not refunded the booking deposit to our solicitor yet hence the sticky situation!!

Claw Hammer · 22-02-2018 5:59pm

The EA bought your house himself and is charging you sales fees?

kk2014 · 23-02-2018 9:08am

Yes - you couldn't make it up could you?!

Claw Hammer · 23-02-2018 11:03am

kk2014 wrote: »

Yes - you couldn't make it up could you?!

I would be making a complaint to the PSRA. He shouldn't be making on both sides of a transaction.

Browney7 · 23-02-2018 11:18am

Claw Hammer wrote: »

I would be making a complaint to the PSRA. He shouldn't be making on both sides of a transaction.

Yeah, how does the OP know if all offers were passed on?

kk2014 · 23-02-2018 11:20am

Thanks - I hadn't thought about that. The house is in the west where the market is slow so after a few months his offer was the only one we got.

ChippingSodbury · 23-02-2018 11:24am

kk2014 wrote: »

Thanks - I hadn't thought about that. The house is in the west where the market is slow so after a few months his offer was the only one we got.

that you know about!

kk2014 · 23-02-2018 11:31am

It was sold at the asking price which is rare for around here so we don't have any issues about the money - more the fee charged

Claw Hammer · 23-02-2018 12:50pm

kk2014 wrote: »

It was sold at the asking price which is rare for around here so we don't have any issues about the money - more the fee charged

He is only entitled to a fee if he introduces a purchaser to the house, which he didn't do. Complain away.

housetypeb · 23-02-2018 10:05pm

kk2014 wrote: »

It was sold at the asking price which is rare for around here so we don't have any issues about the money - more the fee charged

Did he value the house,and suggest the asking price that he would advertise it for as well?

Askthe EA · 27-02-2018 1:40pm

This is dodgy as........

EA refund balance of booking deposit after closing

Comments