{"id":2582,"date":"2015-05-20T09:32:13","date_gmt":"2015-05-20T09:32:13","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/selling-privately-breaking-the-bad-news-to-your-estate-agent\/"},"modified":"2018-02-21T12:08:24","modified_gmt":"2018-02-21T12:08:24","slug":"selling-privately-breaking-the-bad-news-to-your-estate-agent","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/selling-privately-breaking-the-bad-news-to-your-estate-agent\/","title":{"rendered":"Selling Privately Breaking The Bad News To Your Estate Agent"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><!-- [if gte mso 9]&gt; &lt;![endif]--><!-- [if gte mso 9]&gt; Normal 0 false false false EN-US JA X-NONE &lt;![endif]--><!-- [if gte mso 9]&gt; &lt;![endif]--><!-- [if gte mso 10]&gt; \/* Style Definitions *\/table.MsoNormalTable{mso-style-name:\"Table Normal\";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-parent:\"\";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin:0cm;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:12.0pt;font-family:Cambria;mso-ascii-font-family:Cambria;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Cambria;mso-hansi-theme-font:minor-latin;mso-ansi-language:EN-US;}&lt;![endif]--><!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><b>Selling a <a class=\"wl-entity-page-link\" title=\"Housing estate\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a><\/b> can be a frustrating business especially when you feel that an <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/estate-agent\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/estate_agent;http:\/\/rdf.freebase.com\/ns\/m.02dzpr;http:\/\/dbpedia.org\/resource\/Estate_agent\" >estate agent<\/a> is not working hard enough for you.\u00a0 I regularly deal with calls from vendors frustrated by their <a class=\"wl-entity-page-link\" title=\"Estate (law)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/estate-law\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/estate_law;http:\/\/rdf.freebase.com\/ns\/m.038t85;http:\/\/dbpedia.org\/resource\/Estate_(law)\" >estate<\/a> agents. Its sometimes the case that once the agent has deployed all their marketing tools it appears that nothing else is being done.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">The fact is that most estate agents will apply the same marketing exposure to all their clients. One of the biggest sources of stress for many vendors is sitting and waiting for buyers. More and more <a class=\"wl-entity-page-link\" title=\"Home insurance\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home-insurance\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home_insurance;http:\/\/rdf.freebase.com\/ns\/m.0313mp;http:\/\/yago-knowledge.org\/resource\/Home_insurance;http:\/\/dbpedia.org\/resource\/Home_insurance\" >homeowners<\/a> also reflect on the saving that can be made going it alone with a private <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> sale<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><b><span lang=\"EN-US\"><span style=\"font-size: small;\">Pricing a home correctly to sell<\/span><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">One of the most significant reasons a home does not sell quickly is over pricing. Its a huge mistake to <a class=\"wl-entity-page-link\" title=\"Value (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/value-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/value_economics;http:\/\/rdf.freebase.com\/ns\/m.0bhr4z;http:\/\/dbpedia.org\/resource\/Value_(economics)\" >value<\/a> a <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> above whats its actually worth. Buyers will always compare like for like and the internet makes it easy to spot over priced homes.\u00a0 Unfortunately there are still a few<u><a title=\"\" href=\"https:\/\/www.thehouseshop\/estate-agents\"> estate agents<\/a><\/u> that may\u00a0 over price your home to win your business.\u00a0 They then typically ask you to lower the price after your home does not attract any worthwhile attention. This serves to waste time but also puts a buyer in stronger position.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: small;\">Estate agent for sale board v Private Sellers for sale board<\/span><\/b><\/p>\n<p class=\"MsoNormal\">For sale boards are very effective at attracting local buyers and it&#8217;s one of the best used marketing tools for estate agents. When selling privately you can also compete with an agent by ordering your own for sale board. One thing to note that you should not erect two For Sale boards outside your home as you will be in breach of Town and Country <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/planning\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/planning;http:\/\/rdf.freebase.com\/ns\/m.0217bt;http:\/\/dbpedia.org\/resource\/Planning\" >planning<\/a> laws governed by local\u00a0authorities<\/p>\n<p class=\"MsoNormal\"><b><span lang=\"EN-US\"><span style=\"font-size: small;\">Release the stress of a <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a> sale<\/span><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">To release the stress its good to get proactive and selling a home using your own creative marketing ideas can be very effective.\u00a0 Before advertising your home for sale while under contract with an estate agent you should consider<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoListParagraphCxSpFirst\" style=\"text-indent: -18.0pt;\"><!-- [if !supportLists]--><span style=\"font-size: small;\"><span lang=\"EN-US\" style=\"font-family: Symbol;\"><span style=\"font-family: 'Times New Roman';\">\u00a0 \u00a0 \u00a0 \u00a0<\/span><\/span><span lang=\"EN-US\">The type of contract you have signed (Sole Selling Contracts do not allow both private sales and estate agency)<\/span><\/span><\/p>\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent: -18.0pt;\"><!-- [if !supportLists]--><span style=\"font-size: small;\"><span lang=\"EN-US\" style=\"font-family: Symbol;\"><span style=\"font-family: 'Times New Roman';\">\u00a0 \u00a0 \u00a0\u00a0<\/span><\/span><!--[endif]--><span lang=\"EN-US\">Informing the estate agent of your intentions<\/span><\/span><\/p>\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent: -18.0pt;\"><!-- [if !supportLists]--><span style=\"font-size: small;\"><span lang=\"EN-US\" style=\"font-family: Symbol;\"><span style=\"font-family: 'Times New Roman';\">\u00a0 \u00a0 \u00a0\u00a0<\/span><\/span><!--[endif]--><span lang=\"EN-US\">Pricing your home<\/span><\/span><\/p>\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent: -18.0pt;\"><!-- [if !supportLists]--><span style=\"font-size: small;\"><span lang=\"EN-US\" style=\"font-family: Symbol;\"><span style=\"font-family: 'Times New Roman';\">\u00a0 \u00a0 \u00a0\u00a0<\/span><\/span><!--[endif]--><span lang=\"EN-US\">Using your own photos not the estate agents<\/span><\/span><\/p>\n<p class=\"MsoListParagraphCxSpLast\" style=\"text-indent: -18.0pt;\"><!-- [if !supportLists]--><span style=\"font-size: small;\"><span lang=\"EN-US\" style=\"font-family: Symbol;\"><span style=\"font-family: 'Times New Roman';\">\u00a0 \u00a0 \u00a0\u00a0<\/span><\/span><!--[endif]--><span lang=\"EN-US\">Using your own For Sale Board(very effective)<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">By stating that your now <a class=\"wl-entity-page-link\" title=\"Eminent domain\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/eminent-domain\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/eminent_domain;http:\/\/rdf.freebase.com\/ns\/m.0127bq;http:\/\/dbpedia.org\/resource\/Eminent_domain\" >taking<\/a> control of the selling process your existing agent will no doubt feel the pressure of potential loss of business. \u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">Top tip when dealing with estate agent contracts is that you ensure your contract gives you the flexibility to terminate without incurring a penalty, and go elsewhere if your&#8217;e unhappy with your agent.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><b><span lang=\"EN-US\"><span style=\"font-size: small;\">Estate agent contracts<\/span><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\"><a title=\"\" href=\"http:\/\/www.which.co.uk\/money\/mortgages-and-property\/guides\/how-to-sell-a-house\/estate-agent-contracts\/\" target=\"\">Which.co.uk <\/a>breakdown estate agent contracts as follows:<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\"><b>Sole selling<\/b><\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">This means that the estate agent is the only agent with the right to sell your home during the <a class=\"wl-entity-page-link\" title=\"Contractual term\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/contractual-term\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/contractual_term;http:\/\/yago-knowledge.org\/resource\/Contractual_term;http:\/\/rdf.freebase.com\/ns\/m.02rfhkx;http:\/\/dbpedia.org\/resource\/Contractual_term\" >term<\/a> of the contract.The estate agent is entitled to payment, even if you find a buyer yourself. We recommend you don&#8217;t sign a contract with sole selling rights.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\"><b>Sole agency<\/b><\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">Sole agency is the most <a class=\"wl-entity-page-link\" title=\"Common land\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/common-land\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/common_land;http:\/\/rdf.freebase.com\/ns\/m.013c51;http:\/\/dbpedia.org\/resource\/Common_land\" >common<\/a> estate agent contract. This is the same as sole selling with the exception that, if you find a buyer yourself, you don&#8217;t have to pay the <a href=\"https:\/\/www.thehouseshop.com\/compare-estate-agents\" title=\"estate agent fees\">estate agent fees<\/a>.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">However, if sole agency contracts are open-ended, an agent can still claim commission if it introduced a buyer &#8211; even if the offer is made months (or potentially years) after the estate agent stopped marketing your property.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\"><b>Multi agency<\/b><\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">This means that several estate agents act for you, but only the agent that sells your property is entitled to receive a commission. The commission rate is usually higher for a multi-agency contract.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\"><b>Ready, willing and able purchaser<\/b><\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"font-size: small;\">If this clause is in your contract, don&#8217;t sign it. It means you&#8217;ll still have to pay the agent for finding a buyer even if your situation changes and you have to withdraw from the sale.<\/span><\/span><\/p>\n<p class=\"MsoNormal\">\n","protected":false},"excerpt":{"rendered":"<p>Selling a home can be a frustrating business especially when you feel that an estate agent is not working hard enough for you.\u00a0 I regularly deal with calls from vendors frustrated by their estate agents. Its sometimes the case that<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/selling-privately-breaking-the-bad-news-to-your-estate-agent\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/selling_privately_breaking_the_bad_news_to_your_estate_agent","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2582"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=2582"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2582\/revisions"}],"predecessor-version":[{"id":15495,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2582\/revisions\/15495"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=2582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=2582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=2582"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=2582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}