We now have an early offer near £858,000 for our London property, and a new question has come with it: the listing agent proposes having a role with the buyer as well.
If that role is limited to communication and viewings, I might consider it after receiving the fee basis, conflict disclosure and offer-handling process in writing. If the agent would advise both parties on price or negotiation, I would want separate representation. In either case, I also need named contacts, the buyer’s qualification details, response-time expectations and an explanation of what happens if this offer fails while competing interest is being handled.
If that role is limited to communication and viewings, I might consider it after receiving the fee basis, conflict disclosure and offer-handling process in writing. If the agent would advise both parties on price or negotiation, I would want separate representation. In either case, I also need named contacts, the buyer’s qualification details, response-time expectations and an explanation of what happens if this offer fails while competing interest is being handled.