FAQs | FAQs |
|
Can I use Property Niche as well as an estate agent? Yes. As Property Niche is not an agent there is no conflict with any sole or multiple agency agreement you may have. When you find a buyer through Property Niche you will not have to pay commission to your agent. Is it true that Property Niche charges no commission? Yes. Property Niche charges NO commission. A one-off fee includes Internet advertising, a 'FOR SALE' board and photography, depending on which package you select. We can come to you to take photographs (within the M25), outside this area you can email your own pictures. Does commission really add up to that much? Yes. According to statistics published by the Land Registry, 39,409 homes were bought and sold in Greater London during the third quarter of 1999, at an average price of £155,662. Estate agents typically charge 2% plus VAT, therefore an 'average' home incurs a charge of £3,658. This represents a total spent by Londoners on commission and VAT of £48 million every month. Surely this doesn't amount to too much in comparison with the overall property value? It does, especially when you consider that most people have a mortgage and their actual equity is much less than the property value. The money you save by not using an estate agent is yours to keep tax free. It could easily be enough to buy new carpets or even a new kitchen for your next home. Can I really manage without an estate agent? Yes. More and more people are realising that buying and selling without estate agents is both convenient and profitable. Estate agents merely introduce buyers to sellers, they perform no legal function and add no value to the transaction. What happens when I find a buyer? When a sale is agreed you simply pass the details to your solicitor or conveyancer who will prepare the necessary legal contract and supervise the exchange and completion in the usual way. How do I pay? You can send your cheque payable to: Marsha, PO Box 1122,Croydon, CR4 7HF How does it work? Over 70% or people now use the internet to find their next property. Estate agents know this and advertise their properties on the Private house sales and property lets can help you cut out the middle man and save £1000s in commission I am with a Sole Agent! You can sell or let your home privately and NOT pay the agents commission. As Property Niche not an Estate Agent, but an website, there is no conflict with sole or multiple agency agreement. Its the same as placing an advert in your local paper. Read what The Office of Fair Trading says. Can I use an Estate Agent at the Same Time? Yes, we highly recommend this approach. This maximises your exposure ensuring you achieve the best price. Your property will be advertised in your local property paper and in the estate agents window. You do not charge commission, why? Correct, we charge just for the Private house sales let Internet advert. With private house sales and property lets no commission is ever payable to us. If we charged commission, we would be an Estate Agent. Our mission is to give the public a Real Alternative when it comes to privately selling or letting their homes. Does it work? Yes, from Free your home will be advertised to millions of people world wide using the internet. The main factor in selling or letting your home is the asking price. How do I value my property? The value of your property is simply the price a buyer or tenant is willing to pay. Do not be tempted to price too high or you simply will not receive any viewings. Search for similar properties in your are and rank your home against them. This is all the Estate Agents and Letting Agents do. Do I legally need an Estate Agent or Letting Agent? No, all Estate Agents do is introduce buyers to sellers, and tenants to landlords. They have no legal function. |