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Selling my Property Guide:

One of the first questions most people ask is "why would I want to sell my home privately and not use the traditional method of using an Estate Agent".

To help explain why we believe there now is a cost effective alternative to an Estate Agent we have created this brief guide on Selling your Property.


Estate Agents:

When most people decide to sell their property, they choose the traditional route of using an Estate Agent. In most cases the seller is not aware that there is an alternative option on the market.

Cost:

When you choose to use an Estate Agent you will typically pay them around 2% + VAT of the value of your property in commission. Although this figure varies from one Estate Agent to another, the amount you will have to pay usually runs into thousands of pounds.

Sole Agency:

A Sole Agency agreement is a contract you may have agreed with the Estate Agent you choose to appoint. This means the Estate Agent is entitled to the commission fee agreed, if they introduce a buyer to your property. During the time period you agree (usually 12 weeks) no other Agent can sell your property. Please note: This does not restrict you selling your property privately so long as you introduce the buyer

Multiple Agencies:

A Multi-Agency agreement is when you decide to appoint more than one Estate Agent to sell your property. This usually means you will pay a higher rate of commission though.

Sole Selling rights:

Be careful if you are asked to sign an agreement that has the clause "sole selling rights" and not “sole agency rights”. Please note: This is a very restrictive clause which will not allow you to sell your property privately. If you notice this clause then it is your interest to ask for it to be removed.

Marketing and Advertising:

Estate Agents may use your local papers, local shop windows or property magazines to display your property details. They may also use a For Sale sign to attract local interest, or use their own or a property partners, Internet website.

The Legal process:

Conveyancing:

Many people still believe that an Estate Agent deals with the legal side of selling your home when in fact, this is not true. Estate Agents are not legal professionals so would usually recommend a conveyancer or solicitor they partner with.

Note: There is no legal requirement to stop you using or appointing your own solicitor or conveyancer yourself, even if you sell your house through an Estate Agent

House Valuations:

Estate Agents do not value your property either. What they provide is an estimation price. To get a true valuation you would need a professional surveyor

Home Information Packs

Even though you are selling privately you will still need a Home Information Pack from the 1st August 2007: If you are marketing your property, even if it's just by putting a 'for sale' sign in the window, you need a Pack. Sales where no marketing takes place (e.g. to a member of the family) won't need a Pack. However, if you marketed your house before the 1st August then you will not need a pack. For more detailed information on HIP visit www.homeinformationpacks.gov.uk


Private House Move Ltd: - Privately selling your Property

Anybody in the UK has the right to sell their home privately and without an Estate Agent. Of course the problem with this, is how do you market your property to the widest audience.

This is where we can help:

Cost:

For a low cost, fixed fee until sold we can provide you the perfect medium to maximise the exposure of your property. This could potentially save you thousands of pounds in commission fees.

Our range of Sellers packages are as follows:

Gold Package:£99.00
Silver Package:£69.00
Bronze Package:** FREE **

Marketing and Advertising:

The Internet

Private House Move enables you to adverstise and market your property across the UK to millions of interested house-buyers every month. If you purchase our Gold or Silver packages (see above) your property will also be automatically uploaded and listed on our partner sites. (more details link to partner page) This means that somebody could see your property on one of our partner sites (i.e. assertahome.com) You are not just limited to people visiting and searching the privatehousemove.co.uk website Sale Board Similar to an Estate Agent if you purchase our Gold package we will supply a For Sale sign (delivery costs included) to attract local interest in your property. (more details link to sale board page) Creating your Property Details: We have made it very simple to create your property details. You have various options to choose from:

On-line using our website:

When you register on our website you can immediately begin to create your property details template. This on-line form allows you to describe your properties features and upload multiple images/pictures which combined make an attractive presentation. (more details link to Example TAB page) On-line using our website but need to send us the pictures/photographs: If you do not have digital images/pictures to upload, you can still create your property template on-line and email or post the pictures/photographs to us. We will upload these for you free of charge.

Filling out a form:

If you do have access to the Internet or a digital camera you can request via our Freephone number 0800 138 11 82 or email info@privatehousemove.co.uk an information pack. We will send you by post, a paper document that you can fill in and return with your photographs. We will upload this to the website and our partner sites (if you choose the Gold or Silver packages) for you, free of charge.

The Legal process:

We have partnered with a specialist on-line conveyancing/solicitor partner who can provide very competitive quotes if you are selling, buying or buying and selling. Updates on the progress of your property can also be checked through the Internet as well as the more traditional phone call method.


Using one of our services alongside an Estate Agent:

You may not be aware that you can use our service alongside the following Estate Agent contracts:

  1. Sole Agency
  2. Multi Agency

Please note:

• If an Estate Agent introduces the buyer then you will have to pay them the agreed commission.

However:

• If you find the buyer yourself using our services, then you will not have to pay the Estate Agent a penny in commission.

This is because you are selling your house privately. The Office of Fair Trading states that a "sole agency" agreement is only to stop other agents from selling your property. As you and Private House Move are not agents and then you introduce the buyer, then you are not liable to pay the Estate Agents commission charges.


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