₦airaland Forum

flywaterbo:
Thank you kind sirs for you caring remarks, I indeed appreciate. I know he knows he is wrong and sent me a mail last night as I mentioned earlier. In the agreement he wants me to acknowledge the 700k on the agreement so he can pay me. I am not even signing to that because that would defeat my purpose of ever getting full fees.
Am just trying to be careful and wise unless I make up my mind to go for 700k, but for now. Sighs.
But I have his signature and acknowledgement on my agreement, am just wondering what it would cost to get to court and see help I need, would it ware me out? Would it take for ever?
That Nigerian slothful fashion in approaches like this is what am pondering on

Bambless1:
Here To Read Comments Mr Lalasticlala Come And Help Your Brother From Another Mother.






Bro Collect That 700k Half Bread Is Better Than None.

flywaterbo:
Hello my dear nairaland family world wide. Thank God for bringing us this far in 2015 and HE will take us far Higher. AMEN.
To whom it may concern:

*Straight to the point*
What would you do if you were in a situation were you had a client who so needed a house for sale after searching for quite sometime, he got nothing. *not mentioning any names* Realtor or no Realtor pls help me.

This supposed buyer need a 4bedroom semi detach house with 1room bq and had 35m for the house in an estate around chevron that's the area we could try searching for a terrace not duplex for that amount, at that amount but we couldn't secure it. I recalled my client wanted to sell his house off so he could commence other projects.

It was almost impossible if not after a week of constant calls and friendly discussions, the owner agreed. The privately developed house was been sold in lekky county estate, valued at 45m and after much he heeded after days of constant discussion on why he should sell at N35m.

Earlier, the buyer was happy and said ahh! Bro if you could secure and convince the owner to sell at N35m, I'd give you an additional 100k asides the 5percent. I didn't care about the promised additional 100k but my 5% commission which we already had undertook an agreement for effect of agency fee after House documents has been transferred.

This was in August 2015, Now his finance wasn't even transfer or direct but a supposed bank finance that was to take 3weeks, I had to convince the owner that buyer is a serious man. Meanwhile the owner was in the UK, doing distant convincing was another ball game entirely.

This has been a very annoying, stressful transaction that has really weighed and stressed me out for months, but I no shout. I can do all things through christ who strengthens me.

I had to be convincing the owner in the Uk that this man his serious and wants to buy, we were yet to hear from him since 2weeks after his offer for N35m was accepted. He said he was waiting for the bank to contact him with the ready funds, that they have opened the facility for him to buy the house that they would send their valuer to come and inspect the house. Now the story had changed after some of his bankers inspected and said a valuer would come for inspection. It was now a mortgage company handling the transaction. This now had turned to one month, owner was pissed that his giving this offer cheap and yet all this back and forth.

I was just in the middle of the tragic drama. The Buyer now sent a letter of exclusivity that the owner should remove the property off the market so he'd be convinced that as he has paid the bank to facilitate the transaction to buy the house and doesn't want the money to hang that he'd lost it because it wouldn't be refundable if he sells the house. The period that was to last was for another 2weeks.

I adviced him to drop money to commit some funds to owner so he'd believe he is serious, he told me he doesn't have that bank is financing I should just be talking to the owner and convincing on his behalf.

The owner was unhappy with me because he had been stressed with documents here and there yet no head and no tale and no commitment from buyer after 2months, He trusted my judgement and believed I knew what I was doing, how can in the 3rd month your buyer hasn't come through, even to commonly drop 500k to commit he can't. Before buyer put pen to paper was something else.

I still cajoled and professionally lead the owner on to know he is very interested. I had met the mortgage bankers and I inquired from them and they say *we are on it* they had been on it for months.

Even going to the head office to get documents which wasn't my business, as owner accepted 35m that's were my business crosses.
Basically, i was in the heat for 3 and a half months but didn't complain but I have to. Fast forward to yesterday : 10/11/2015 they exchanged documentation and the house key and buyer is saying the light connection, house transfer documents cost him like additional N4m and an Outstanding management fees on the house from year 2013- year 2015 and he paid that yesterday.

After handed documents I asked for my cheque because in the morning he told me that he'd sign Me a cheque because exchange, I asked for my change. He said change of plans that he used that money to pay for those fees and till tomorrow(today 12/11/2015) he call me for my cheque.

Last night(11.11.15) the buyer mailed a new agreement and said the old agreement is cancelled because I told him only after the transaction had started that there were extra charges.

That he'd pay 700k and that's after convictions.
I am a family man and have my own responsibilities, 3months took a lot.
I still have my agreement dated on 24/08/2015 that he acknowledged paying me 5% commission as soon as transfer of document has occurred.

My Brothers and sisters, if you were in my shoes and someone is ripping you off from your hard, stressed earned funds.
At the end of year you were expecting to get of N1.750m but surprisingly telling you he will give 700k, he actually said 600k before, what would you do? Seriously need your opinions.

Please, what would you do if this was on you?

Please help push to frontpage. Moderator, lalasticla if you are there, assist a brother!

sanc2s:
If u did it and it worked perfectly for u, wud u hav come here to tell us hw much u realized from the deal and send us money? Noooo. So why telling us ur predicaments? My friend! That's none of our business!!

ceeSleek:
This one is strong oooo!

* am i the only person who is clueless on this matter?! *

Jodesky:
The Buyer's reason for not paying your full fee is very genuine. You were not diligent in disclosing what turned out as extra charges amounting to N4m. This is more so when you are aware he was relying on bank loan.

You should he happy he's paying you a lesser sum which l advise you grab with both hands.

I always make it clear to Agents that l want to know all charges beforehand as my budget may not accommodate surprises.

This is a lesson to all. We should be mindful of hidden charges when buying properties as this may crash budgets.

Our so-called professionals are won't to ignore these possibilities just in the eagerness to sell only to spring surprises just as deals are closing.

So my friend, no tears for your lamentations.

dridowu:
Hmmmmm, oro yi su mi o bu yo si.



Am not a Lawyer, so imho get your 700k 1st, then press charges against him if you are lucky you , you might get the balance but if other way other way round then poor you.



All the best

zaragal:
No jonathan is with u ..#joking ooo...before dem come fire me

ceeSleek:
i for don fire you now, just thank your d.p.

flywaterbo:
Hello my dear nairaland family world wide. Thank God for bringing us this far in 2015 and HE will take us far Higher. AMEN.
To whom it may concern:

*Straight to the point*
What would you do if you were in a situation were you had a client who so needed a house for sale after searching for quite sometime, he got nothing. *not mentioning any names* Realtor or no Realtor pls help me.

This supposed buyer need a 4bedroom semi detach house with 1room bq and had 35m for the house in an estate around chevron that's the area we could try searching for a terrace not duplex for that amount, at that amount but we couldn't secure it. I recalled my client wanted to sell his house off so he could commence other projects.

It was almost impossible if not after a week of constant calls and friendly discussions, the owner agreed. The privately developed house was been sold in lekky county estate, valued at 45m and after much he heeded after days of constant discussion on why he should sell at N35m.

Earlier, the buyer was happy and said ahh! Bro if you could secure and convince the owner to sell at N35m, I'd give you an additional 100k asides the 5percent. I didn't care about the promised additional 100k but my 5% commission which we already had undertook an agreement for effect of agency fee after House documents has been transferred.

This was in August 2015, Now his finance wasn't even transfer or direct but a supposed bank finance that was to take 3weeks, I had to convince the owner that buyer is a serious man. Meanwhile the owner was in the UK, doing distant convincing was another ball game entirely.

This has been a very annoying, stressful transaction that has really weighed and stressed me out for months, but I no shout. I can do all things through christ who strengthens me.

I had to be convincing the owner in the Uk that this man his serious and wants to buy, we were yet to hear from him since 2weeks after his offer for N35m was accepted. He said he was waiting for the bank to contact him with the ready funds, that they have opened the facility for him to buy the house that they would send their valuer to come and inspect the house. Now the story had changed after some of his bankers inspected and said a valuer would come for inspection. It was now a mortgage company handling the transaction. This now had turned to one month, owner was pissed that his giving this offer cheap and yet all this back and forth.

I was just in the middle of the tragic drama. The Buyer now sent a letter of exclusivity that the owner should remove the property off the market so he'd be convinced that as he has paid the bank to facilitate the transaction to buy the house and doesn't want the money to hang that he'd lost it because it wouldn't be refundable if he sells the house. The period that was to last was for another 2weeks.

I adviced him to drop money to commit some funds to owner so he'd believe he is serious, he told me he doesn't have that bank is financing I should just be talking to the owner and convincing on his behalf.

The owner was unhappy with me because he had been stressed with documents here and there yet no head and no tale and no commitment from buyer after 2months, He trusted my judgement and believed I knew what I was doing, how can in the 3rd month your buyer hasn't come through, even to commonly drop 500k to commit he can't. Before buyer put pen to paper was something else.

I still cajoled and professionally lead the owner on to know he is very interested. I had met the mortgage bankers and I inquired from them and they say *we are on it* they had been on it for months.

Even going to the head office to get documents which wasn't my business, as owner accepted 35m that's were my business crosses.
Basically, i was in the heat for 3 and a half months but didn't complain but I have to. Fast forward to yesterday : 10/11/2015 they exchanged documentation and the house key and buyer is saying the light connection, house transfer documents cost him like additional N4m and an Outstanding management fees on the house from year 2013- year 2015 and he paid that yesterday.

After handed documents I asked for my cheque because in the morning he told me that he'd sign Me a cheque because exchange, I asked for my change. He said change of plans that he used that money to pay for those fees and till tomorrow(today 12/11/2015) he call me for my cheque.

Last night(11.11.15) the buyer mailed a new agreement and said the old agreement is cancelled because I told him only after the transaction had started that there were extra charges.

That he'd pay 700k and that's after convictions.
I am a family man and have my own responsibilities, 3months took a lot.
I still have my agreement dated on 24/08/2015 that he acknowledged paying me 5% commission as soon as transfer of document has occurred.

My Brothers and sisters, if you were in my shoes and someone is ripping you off from your hard, stressed earned funds.
At the end of year you were expecting to get of N1.750m but surprisingly telling you he will give 700k, he actually said 600k before, what would you do? Seriously need your opinions.

Please, what would you do if this was on you?

Please help push to frontpage. Moderator, lalasticla if you are there, assist a brother!

Change2015:
I'm sorry but that is wrong. An agent who charges both buyer and seller is simply being greedy and more often than not causes problems with the transaction. Properties are hard enough to sell or rent because of all the price loading by intermediaries. If a fee has been agreed with the buyer and he reneged, we all know how slow and expensive the legal option can be. I would advise that all client agreements are established clearly in writing, and if you can afford to sue, do so, if not settle and blacklist the client. But make sure others know of your experience with this untrustworthy person so that they are forewarned.

MathsChic:
Your story is quite interesting. However, it's heavily one-sided. I'll tell you my own experience from the other side of a property acquirer. I don't intend to put all you "agents" in the same boat, but i know for sure there's a common streak running through you guys' activities.

When I got back from the US and wanted to get an apartment on the island, I went through hell from one agent to the other. The only thing i saw in all of them was an intent desire to simply take my money and vanish. Some of them hadn't even been to the house they wanted to let out for years and yet are willing to immediately claim that everything was okay and working. And each time i ended up in the house, there was much more i had to fix with my own money. Even at this, the agents are never willing to let go one naira of their own money/agreement, which for the life of me i don't even know what it means.

Did you verify first that the house was in order and papers complete before moving to sell and supposedly putting in hard work? I think the owner was well within his rights to pay you less cos u didn't do a good job to start with. Apparently, all your attention was on the paltry 1.75m to start with, and never was on doing a good, thorough job.

EgunMogaji:
Yep, I am certain that the OP did nothing in terms of real estate services.

No advertisement was probably done, no repairs were made.

tomyka81:
But a real estate agent doesn't make repairs. He can facilitate them but either the buyer or seller pays for them. Also document fees and power connection are paid by the buyer. I would gather that the buyer in this deal is inexperienced and probably scamming. Did the check clear?

flywaterbo:
In as much as I've loved the advice and very useful suggestion and tips, Some of you have still managed to just jumping into conPOOsion (conclusion incase your wondering) Some of you that said I didn't thoroughly do my job and just wanted my 5%, am thorough in my job, am not a hypocrite.
Here's why you should ask questions:

I told this dear client from day one to first and foremost do a search on the property, doing this would let the client confirm the full information and the produce details on the property as well as identifying the real Owner of the property.

The estate main office request for 10k for facilitating this search and getting a full on report on the property and what follows is the status of the property.
He(buyer) never agreed to this search until.
*His reasons: I want to be sure the owner wouldn't sell the property because the owner didn't sign the exclusivity agreement which the owner said he would if only he(buyer) commits funds that he is serious to buy but (buyer) doid not, not even 500k that the owner complained buyer should.

Anyways, back to it.
Getting to the 2nd month a search was done and this was how we saw the outstanding on the property after the 2months of me telling him(buyer) and He'd be like, I don't want to commit yet until he is certain that the owner wouldn't sell the property.
He said this because He(buyer) didn't fulfil the owners obligation to pay a commitment fee before he signs the exclusivity agreement which the buyer didn't oblige to. Just a refundable 500k to sign to remove property off the market.

So please tell me, am I making sense? To me I have every right to get my money, should I just chicken out? Its my right, my money.
He doesn't have to pay me at once. Can pay half and remaining within an agreed time frame. I'd be very fair on his terms as long as he pay me complete. Write and sign on it. Would this suffice?

Ps: some of you said, am not a professional and others say am just trying for the money. Lol!
Am just chilling because just last week this buyer was on his honeymoon as he just got married and I was here holding the forte for him. 3 and a half months. From august to now is a longtime.
From one excuse to the other. 3weeks to 3months.

*if I was desperate, I would have loaded on the property as they do or done some other thing in it. I wouldn't lie, when I noticed the excess charges I was like wow! If only he had heeded, he wouldn't be in this and most clients are guilty of this. They would be coming with fear to transactions and wouldn't know how to open up. They have the mentality that if am relaxed, they would cheat me or scam me.
That fear of 419 agents. Its disgusting.
Once a client is that way, there wouldn't be good and agreed communication.



*some of you are making me talk*

P.s: I really appreciate your messages.
you are too much NLers. Some very helpful advices and motivation.
In your time of need, God would send you help. Amen.

Bambless1:
Lmao "half" And Did You JUst Type "Say"

ebukasoso:
No, I could have typed 'said'. use your brain and don't be a confused human in paraphrasing