Nov 06,2011
By: 'Ghani'
Nov 06,2011
11 people found
this helpful
I would strongly advise potential customers trying to sell their property to be aware of the standard terms and conditions of Foxtons. Their sales people will convince you that these are standard and how reputable Foxtons is. Do not be deceived.
I signed their contract in good faith for sale of my property. Their buyer did not complete and I am being sued for payment of their full fees on a sale that did not complete because of their buyer being unable to complete. They say this is because as per their T&C their full fees become due on exchange of contract and not on completion of sale. So, you may end up paying full fees even if they do not help you complete the sale.
What agent could do to change your mind?
The agent should only be paid when a sale is completed and not when documents are exchanged. They are extremely unfair in asking full fees when they have not completed a sale.
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By: mal47uk
Jun 15, 2012
Actually that is NOT true. WE state ON COMPLETION

It may be risky but as 99% of sales do complete it is a MInor Risk
By: Steve
Dec 04, 2011
You'll find that all estate agents fee are payable on exchange rather than completion.

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1117 Finchley Road Temple Fortune, London
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