The contract should allow a
reasonable length of time to market your property and find potential buyers. Beware of contracts that tie you to an estate agent
with a long notice period because to get out of the contract may be
difficult if you want to market your property with another Agent.
"No sale no fee" is a common Estate Agent contract term but
not always the case and even with this you may still have a fee to pay
or a notice period if you want to cancel the contract with one Agent
and transfer to another Agent. An Estate Agent may
insist that their For Sale Board stays on display for the duration of
the notice period.
If in doubt, get advice from a solicitor or your local Citizens Advice Bureau.
You may come across some unfamiliar terms in a contract. Make sure you understand what you are agreeing to. The terms 'sole agency', 'sole selling rights' and 'ready, willing and able purchaser'
must be explained in writing if they are used in a contract.
The estate agent is the only agent with the right to sell your property. If you find a buyer yourself, you don't have to pay the estate agent's commission although you may still have to pay
for advertising or a 'For Sale' board.
If you change from one agent to another, there may be a period when both agents' commissions are due if your property is sold. HouseNetwork.co.uk are an
online estate agent
an option of a set one off payment in advance to market your home. With this arrangement you do not pay a percentage commission and do not pay any additional fees regardless of any additional marketing services being
The estate agent is the only person with the right to sell your property. It is different from sole agency. With a sole selling rights contract, even if you find a buyer yourself, you
still have to pay the Estate Agent.
You have to pay if the estate agent finds a buyer who is prepared and able to buy your property and exchange unconditional contracts. You still have to pay even if you withdraw
from the sale and unconditional contracts are not exchanged.