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Is it legal ?..... |
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Is it legal ? - YES
Will I have to pay my agent commission if I sell
privately ? -
NO |
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Can I legally advertise
my property on your property pages and not pay my agent commission when I sell it
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Yes - We are not Estate Agents we are merely an advertising
site.
The office of fair trading states that to be deemed as acting as an Estate Agent
we would have to be:
1. Sending out property particulars and arranging viewings
2. Receiving and fielding queries from potential sellers or buyers and passing
on details to our clients
3. Providing clients with a 'For Sale' board and/or putting it up outside
their property where the board contains our contact details
As an advertising site we will:
1. Not be sending out any particulars or arranging any viewings,
we will be allowing you to advertise your property on our site and submit your own
contact details for buyers to contact you direct
2. Not be receiving any contact from people interested in
your property and will not be passing on any details to anyone, we will not even
ask you for your telephone number during registration, it is for you to decide how
potential buyers will contact you and to list a contact number in the description
3. Not be putting up any 'For Sale' boards with our number
on, we can supply boards but only your contact number will be displayed.
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Estate Agents
serve no legal function in the sale or purchase
of your property |
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You can advertise with us and also with an estate agent
to maximise you chances of a sale.
There are 4 options open to you when you instruct an agent to sell your home, you
need to choose the right option for your situation.
If you want to be able to sell privately to avoid the commission you will need to
be Either Sole Agency or Multi Agency as shown below.
Sole Selling
- The estate agent you are with is the only agent with the
right to sell your property. You will have to pay them their fee even if you sell
privately.
Sole Agency- Your appointed agent is the only
agent with the right to sell your property, but if you find a buyer by advertising your
property privately
you don't have to pay the estate agent any commission when you
sell.
Multi Agency - You can ask more than one estate
agent to act for you, but you only have to pay commission to the agent that sells
the property. If you sell it privately by advertising with us, you pay no commission.
Ready, willing and able purchaser - under the
contract, if the estate agent finds you a buyer who is prepared and able to buy
your property and to exchange unconditional contracts, you must pay your estate
agent the commission - even if you decide not to sell.
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Property for sale
in Northampton |
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