Jane Clarke
Search results
Jun 1, 2024 · "A buyer is ready, willing and able if they are prepared and are able to exchange unconditional contracts for the purchase of your property. If such a buyer is introduced by the Agent, in accordance with your instructions, our fee will become due even if unconditional contracts for the sale are not exchanged".
Jun 23, 2024 · 23 June at 2:21PM edited 23 June at 7:29PM. The legal definition of "Ready, Willing and Able" (which is what the estate agent should be quoting in their contract) is: “READY, WILLING AND ABLE PURCHASER. A purchaser is a “ready, willing and able” purchaser if he is prepared and is able to [exchange.
Jun 16, 2021 · 16 June 2021 at 8:26PM. Do NOT sign a contract where your agent takes a fee for finding you a ready willing and able buyer. You want a no sale no fee contract - ie only pay the fee if and when you exchange. Otherwise you have to pay the fee to the agent just for finding the buyer, even if it doesn't proceed to exchange. Ask the agent to change it.
Sep 17, 2014 · It reads: Ready willing and able: A buyer is ready, willing and able if they are prepared and are able to exchange unconditional contracts for the purchase of your property. If such as buyer is introduced by us in accordance with your instructions our fee will become due even if you subsequently withdraw from the sale and unconditional ...
Jan 19, 2018 · ro2778 Posts: 101 Forumite. 19 January 2018 at 3:55PM. I'm trying to work out where I stand regarding estate agents fees because of a ready, willing and able clause in the estate agent's contract with me. I accepted an offer at the end of July 2017 on my flat. In that time, I pulled out of the initial house I was buying, found a new house but ...
Jun 16, 2021 · The meaning is "ready, willing and able" has been subject to court litigation and to a number of decisions by The Property Ombudsman. The Property Ombudsman is advising agents agains t the use of the term in their contracts because it is too ambiguous. That Ombudsman has expressed a view that "ready, willing and able" basically means ready to ...
Jan 17, 2021 · Basicallly I am concerned that this paragraph is actually a ‘ready willing and able’ clause in disguise. On that, I would appreciate it if someone could give me an opinion if they think this paragraph could be a ‘ready willing and able’ clause. See below. 'Withdrawing Your Property – The Vendor has the right to remove your property ...
Jun 1, 2024 · thanks all for your comments thus far, all really helpful. My conveyancing lawyer, and a response I got from the leicester law clinic (Free advise from law undergrads) on the matter all said the same thing, that they aren't in a position to exchange contracts/provide a completion date so I should be able to pull out. It's my fault ultimately for being naiive, trusting the agent, and not really ...
Dec 14, 2015 · But I have read the small print of our contract and (I know - slapped wrist) did not clock the ready, willing and able clause in it. The EA reserves the right to charge us 10% of the commission if we do not proceed with an asking price buyer who is ready willing and able.
Apr 6, 2011 · There are 2 clauses in the terms and conditions I am unhappy with. 1 - If the agent provides a ready, willing, and able purchaser, and I agree the sale, but then pull out (for whatever reason) then I still must pay the fee of the agent - even though the sale has not exchanged contracts. 2 - the agent wishes to have Sole Selling Rights, rather ...
