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I am already with an estate agent |
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If you already have a house for sale with an estate agent you can still sell your house privately at the private home seller web site. Selling your house privately with both an estate agent and at the private home seller offers the following benefits. - If you have a sole agency contract with the estate agent the estate agent can only claim the commission fee if they introduce a buyer and secure a sale on your home. If you sell your own home privately then you are not required to pay the estate agent a commission fee. If you already have a house for sale with the estate agent we recommend you contact them first to confirm the type of contract you have with them before advertising you house for sale at the private home seller.
- Informing the estate agent that your house is for sale privately may encourage the estate agent to work harder to secure a sale on your home.
- Advertising your house for sale with both the estate agent and at the private home seller it will increase your chances of securing a sale.
As noted above before advertising your house for sale we recommend you contact the estate agent to confirm the type of contract you have. In general you will find 3 types of contracts used in the UK - Sole Agency Contract - The agent only gets the commission if they introduce a buyer and sell your property. If you sell your home privately you are not required to pay the agent a commission fee.
- Sole Selling Contract - You still pay the agent the commission even if you sell your own home privately.
- Multiple Agency Contract - You can choose several estate agencies to market your property and the one who secures the sale gets the commission.
For more information and advice about estate agent contracts visit the UK government consumer direct property advice web site.
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