Hello,
We are currently selling a house and a few days ago we rejected an offer that was at our internet price. Several days previous we rejected an offer from the same buyer (lower Price) at that stage we decided that due to the stress this was causing to Wife and Kids that we would sell another property first, Rent (in the area we are moving too) and then sell our residence, basically we would sign a sale after moved out. This was advised to the real estate agents and since our rental was being managed by another agent we signed an authority to sell Rental (with Agent B).
A few days later, real estate agent came back with another offer (still below Internet Price) but not with any of the other agreed timings and wanted us to sign just for 90 Day settlement, this was rejected same as before. This was late in the day and we advised agent not to seek out further Offers until we sat down following day to discuss our position again. However against this Agent went and received another offer at Internet price that night and arrived unexpectedly at our door approx 7pm. Agent was pushing for us to sign as it was a good price that he didn’t expect and we won’t get another like it (normal sales talk) This was stressful to my wife as she was feeling pressured so we agreed to discuss again following day.
We once again rejected this offer the following day (same reason) and after discussions Agent would not agree to continue listing the property with those conditions and since was only 2 days to end of authority they would remove anyway. Even though we still wanted the house listed we agreed to remove the house and pay Marketing Fees and possibly relist again when more appropriate, we wanted to still list property during this time but we could not reach an agreement.
Are we liable under Australian Consumer Law for rejecting this offer to either Buyer or Agent (sales commission)? I am concerned if we are at risk this will just be our side of the story vs. theirs, the only proof I have is that we signed a Authority to sell Rental after the first offer and before final offer. All of the above took place over 5 days from First Offer to removing listing from Agent.
We are currently selling a house and a few days ago we rejected an offer that was at our internet price. Several days previous we rejected an offer from the same buyer (lower Price) at that stage we decided that due to the stress this was causing to Wife and Kids that we would sell another property first, Rent (in the area we are moving too) and then sell our residence, basically we would sign a sale after moved out. This was advised to the real estate agents and since our rental was being managed by another agent we signed an authority to sell Rental (with Agent B).
A few days later, real estate agent came back with another offer (still below Internet Price) but not with any of the other agreed timings and wanted us to sign just for 90 Day settlement, this was rejected same as before. This was late in the day and we advised agent not to seek out further Offers until we sat down following day to discuss our position again. However against this Agent went and received another offer at Internet price that night and arrived unexpectedly at our door approx 7pm. Agent was pushing for us to sign as it was a good price that he didn’t expect and we won’t get another like it (normal sales talk) This was stressful to my wife as she was feeling pressured so we agreed to discuss again following day.
We once again rejected this offer the following day (same reason) and after discussions Agent would not agree to continue listing the property with those conditions and since was only 2 days to end of authority they would remove anyway. Even though we still wanted the house listed we agreed to remove the house and pay Marketing Fees and possibly relist again when more appropriate, we wanted to still list property during this time but we could not reach an agreement.
Are we liable under Australian Consumer Law for rejecting this offer to either Buyer or Agent (sales commission)? I am concerned if we are at risk this will just be our side of the story vs. theirs, the only proof I have is that we signed a Authority to sell Rental after the first offer and before final offer. All of the above took place over 5 days from First Offer to removing listing from Agent.