Category: Selling

Posted on

No Sale No Fee Estate Agents

No Sale No Fee Estate Agents

In this blog post we will be looking at what a no sale no fee agent is, why people sell their properties with them and how they compare to online estate agencies. 

Alexandra Ventress

Alexandra Ventress ★ Digital Content Writer

Table of Contents

When it comes to selling your home, the question of how you are going to sell your property is one of the biggest decisions you will need to make. With so many options out there when it comes to estate agencies, from high street agents to hybrid agents, online and even no sale no fee.

 

But what exactly is a ‘no sale no fee’ agent? And how do they compare to online agents?

In this blog post we will be looking at what a no sale no fee agent is, why people sell their properties with them and how they compare to online estate agencies.

What is a no sale no fee estate agent?

A sale no fee estate agent is exactly what it says on the tin. It is an estate agent who will not charge you any estate agent fees unless they manage to sell your property. With a no sale no fee agent, you pay your agent a percentage of the sale price once you have completed the sale. This is referred to as a commission fee.

 

No sale no fee is an offer that is often advertised by both local estate agents and online estate agents, however not every agent will offer this. Online estate agencies like Purplebricks offer a fixed upfront fee instead. Whilst this can be cheaper than paying a percentage of the sale price, if your home doesn’t sell in the allocated time, you will still be forced to pay the fees regardless.

Why do people use no sale no fee agents?

One of the big advantages that no sale no fee estate agents offer is that they won’t receive their commission fee until after the property is sold. This will make the agents much more incentivised to sell your property as it gives them all the more motivation to sell.

 

 According to data by ‘Movewise’, estate agents typically only sell 50% of the properties on their books. By only paying after the sale is completed, you will help to reduce your chances of being in that percentage.

 

Enquire for free

What are estate agent fees?

An estate agent fee is the sum of money that you would pay to your estate agent in return for undertaking the sale of your property. It can also be called a ‘commission fee’ and is a percentage of the final sale price which you usually pay upon completion of the sale.

 

According to information from The Property Buying Company, estate agents charge an average of 1.23%. However, they found that some agents were charging upwards of 3%!

 

When you enter a contract with an estate agent they should first provide you with ‘pre-contract’ information which includes:

  • Details of the changes, when you will be required to pay the fees and how much the total will be 
  • Information about what services they offer 
  • A breakdown of charges and expenses 
  • Information about any services they offer which may benefit the estate agent or anyone they know connected to them

Should this information not be sent to you before you enter a contract with the agency then you are able to refuse to pay the fees and the estate agent will be unable to claim payment from you until they take out a court order. If they obtain a court order against you then the court has the power to grant the order for a full or reduced amount. Or they may refuse altogether meaning you don’t pay a penny.

 

If you pull out from the house sale then you can expect to be charged to cover the costs the agent has incurred. This won’t be commission but they will require payment for the marketing, photographs, and floorplans that may have been created.

 

Online estate agents vs no sale no fee agents

Online agents offer a different setup to agencies that offer no sale no fee option. Rather than needing to pay a percentage of the final sale price, online estate agents can offer a cheaper upfront payment to sell your property. This can be beneficial as rather than having to conduct viewings on your own, or going without certain services, you are able to have everything a local estate agent would offer but at a reduced price.

Enquire for free

Which estate agents offer no sale no fee?

Both online and local estate agencies will offer a no sale no fee service. With so many choices on the high street and online, it can be hard to know where to look when it comes to finding a no sale no fee deal.

Some of the notable online agents who offer a no sale no fee service are Yopa, Strike, eSale UK and 99 homes.

 

Want to know a little bit about how these agencies and how they work? Read on for our overview below:

Yopa

Yopa is one of the most recognisable estate agents in the no-sale no fee game. Much like a local estate agent would they will cover the selling process for you, drawing up floorplans, marketing your property, and gives you an option between paying upfront or choosing the no sale no fee option.

 

They have a good reputation however this brings with it a high ‘no sale no fee price’ meaning should you sell your house with them, your final profit may take a hit at the end of the process. They also require you to be tied in with them for 10 months minimum meaning if your property does not sell you will be 10 months further back in your selling process than you wish to be. They also charge extra if you want a yopa agent to visit the property and conduct viewings for you.

Strike

Strike is another well-known agency that prides itself on offering a free service. They will arrange photographs, list your property on property portals, and provide floorplans and for-sale signs.

However you will be left either hosting viewings yourself or pay extra for hosted viewings. They also do not cover all areas of the UK limiting the areas they cover on their website to Newcastle, Leeds, Liverpool, Manchester and Sheffield.

eSaleUK

eSale is an online agency that offers a customisable process, making them an interesting option. However, they require an upfront payment meaning it is not technically no sale no fee. You can go through the website and add the features you wish to use and ‘add’ them to your basket. However, as a result of this, it means that you will be paying should you want your property to be listed on Rightmove, an EPC, or an agent to help with viewings.

 

The upfront payment that they require is relatively low at £95, however, they have an on-completion charge that comes in at £1,100.

99 Homes

99 homes is another agency that is not technically no sale no fee as they also require a low upfront fee. They offer a range of differently priced packages that offer you different levels of service.

 

If you go with their most basic package they will advertise your property on Rightmove, PrimeLocation, and Zoopla but it will be up to you to organise the rest. This means that photographs and a ‘for sale’ will end up costing you extra as well will any sales progression you require and negotiation help.

Enquire for free

The downside to no sale no fee estate agents

Whilst a no sale no fee agency does have its positives, such as not paying a penny until the house is sold, there is a catch to be had. Many online no sale no fee agencies will often charge a premium fee for the luxury of paying on completion of the house sale. In some cases, no sale no fee online estate agencies have been known to charge double when you use “no sale no fee” in place of the upfront fee.

 

Below is a graph with data from HomeOwners Alliance that shows the basic up front fee you pay compared with the no sale no fee pricing.

Online estate agent Basic upfront feeNo sale no fee pricing
Yopa£999On request
Strike00
eSale£595£1,190
99 Homes£99From £799

It is also worth bearing in mind that whilst you won’t have to pay if your property does not sell, there may be a minimum number of months that you are tied into a contract of selling with that particular agency.

 

This can result in your property sitting stagnant on the open market with no promise that your property will even sell, which is less than ideal if you are looking for a quick sale. 

The Property Selling Company

If no sale no fee agents are not your speed, there’s no need to worry as that’s where we come in. Here at The Property Selling company, we believe that a house sale should be three things; fast, effortless, and free.

 

We offer you a full online estate agent service, without the fees – because it’s our mission to change the way you sell houses.

 

We will be working alongside you every step of the house selling process, covering everything, so you won’t have to. The days of expensive solicitor fees and legal work are over, and our team of property experts will continue to be there, even after the process is complete.

 

We will market your property on popular property portals such as Rightmove and Zoopla, organise viewings, cover legal fees, negotiate better deals all for free!

 

If you are ready to sell your home home in as little as 28 days, then get in touch today and fill out one of our fast, free, no obligation forms for your house valuation today!

Sell your house for free

  • We will undertake every aspect of the selling journey, from creating the floorplans, to marketing your home, and even covering your legal fees for you!
  • You will benefit from honest and transparent customer service
  • Our dedicated team of property experts will be with you every step of the way
Enquire for free
Posted on

Sell Your House Online

Sell Your House Online

In this blog post we will be looking at what an online estate agent is, why people sell their houses online and the different online selling options.  

Alexandra Ventress

Alexandra Ventress ★ Digital Content Writer

Table of Contents

When it comes to selling your home, you are left with a lot of important decisions to make, such as where do you want to move to? What is your budget? When should you put your house on the market?

 

But the most important decision you will need to make is how you want to sell your home. Do you want to use a high street estate agent or do you want to sell your house online?

What is an online estate agent?

Before we look at selling your house online, we will first take a closer look at what an online agent is. An online estate agent is very similar to a traditional estate agent but with a few key differences. Rather than having a high street office, an online agent operates remotely online but are generally cheaper compared to the flat fee that estate agents offer and offer more flexibility than high street agents do.

How do online estate agent work?

As online estate agents do not have a physical office, they conduct their work online. Before you put your home on the market, you will first need a valuation of your property. Rather than conducting an in person valuation, many online estate agents will value your home online.

 

To provide this valuation, your agent will take a multitude of factors into account. They will analyse the local property market and analyse the trends present in your area as well as nationally. They will also take the size, location, and condition of your property into account. Then they will look at how much other houses in your area have sold for and how much they are currently priced at. They will then combine this information to provide you with your valuation number.

 

Many online estate agents will then market your property on their own website as well as property portals such as Rightmove and Zoopla. Private sellers cannot register their properties on these portals and with 95% of property searches beginning with an online search, this is a powerful tool to have in your corner.

Enquire for free

Why do people sell their house online?

There are many reasons why someone may opt to use online agents to sell their property. Below are some of the most common reasons why someone may decide to sell their home online:

Low and visible fees

One of the biggest advantages to selling through an online estate agent is that unlike high street agents, the fees you will have to pay are lower and often upfront and visible. The majority of high street estate agents charge you percentage of your property sale price, which is typically around 1.5%. If you are selling a house costs £250,000 then that will be an estate agent fee of £3,750.

 

Where this system becomes a particular issue is with the recent rising house prices. This means that agents are charging the same rate and getting more thanks to rocketing prices, but the seller at a major disadvantage.

 

Online estate agents offer the same service as high street estate agents but are able to charge a flat fee that are cheaper than their high street counterparts.

Flexibility

Another upside to using an online estate agent to sell your property online is that you are given flexibility with the sale. You are able to advertise your property on your terms and decide exactly when you want to put your property on the market. Online estate agents are also often credited with being able to offer a faster sale as they are able to list properties online within 24 hours of valuation.

Control

Online estate agents also offer people a lot more control over the sale of their homes. You are given much more freedom when it comes to arranging home viewings, rather than having to work around others. Most online estate agencies offer the chance to conduct viewings on your own terms, setting hours that suit you rather than others.

 

You will also get more control over your listing than you would if you went through a traditional estate agent. When there is a mistake on a listing you will have to wait until the office is next open, whereas with an online estate agent any mistakes would be easier to rectify.

Communication

Another advantage is that you are able to communicate with potential buyers. Often the biggest complaint that people have with their high street estate agent is that once the sale has begun progressing, they lose all contact with the agent. By going through an online estate agent you are cutting out the middle man and able to talk directly to any potential buyers.

High street estate agent vs online agent

Whilst high street agents and online agents do the same jobs, there are differences between how they operate. Below we take a look at some of the differences between the two:

Cost

Another advantage is that you are able to communicate with potential buyers. Often the biggest complaint that people have with their high street estate agent is that once the sale has begun progressing, they lose all contact with the agent. By going through an online estate agent you are cutting out the middle man and able to talk directly to any potential buyers.

Service

The service you receive from both online and high street agents are on par. When you sell with a high street agent you will often be assigned a personal account manager who will be on call to answer any questions, fix any issues that may arise and walk you through the selling process. Most online agencies offer a similar standard of service where you will be assigned a property expert who will be in charge of selling your property and who will be on call for any situation.

Local knowledge

High street agents can offer a more in depth knowledge of the local area when compared to online agents. However, online agents have access to a lot of the same information as they will study the market trends both nationally and in your area. Because they are based online they are also able to advertise your property to a much wider market than a local estate agent would.

Enquire for free

How to sell your house online?

When it comes to selling a property sale, there are several different ways that you can go about making a sale. The most popular way that you can do this is either through selling to a cash buying company, an online property auction, or an online estate agent. Each of these ways have their own pros and cons which we have outlined below:

Cash Buying Company

When it comes to selling your home, one of the ways you can do this is through a genuine cash buyer. A cash buyer is a good way to ensure a quick sale on your property. Unlike an estate agency, a cash buyer will not have to advertise to anybody, as they have the funds available to buy your property there and then and will often cover your legal fees for you.

 

Another positive to selling through a cash buyer is that the sale is guaranteed in a timescale that suits you, making it a great option for people who are in debt, trying to avoid repossession or wish to unlock cash funds quickly.

 

However, if you are selling with a cash buyer then you need to be aware that you will be receiving less than market value for your home. Most cash buyers will typically offer you 10 – 25% under market value. If you are looking to walk away with full profits then selling this way may not be the best way for you.

 

When it comes to selling through a cash buying company, it is best to thoroughly check any cash buying company that you wish to sell through. You can do this by reading a variety of reviews from different sources in order to make sure that the company you are selling through is legitimate. 

Online Property Auction

Another way that you can sell your property is through an online property auction. A local property expert will visit your house and value it before it is put to auction. The way a property auction works is by agreeing on a minimum reserve price for your property, then once that price has been met, the highest bid over that point wins and purchases the property.

 

 

One of the main advantages to selling through this method is that fewer house sales fall through as bidders tend to be more serious buyers and risk facing serious financial repercussions if they pull out.

 

A disadvantage however to selling through a property auction is the time it can take. When you first sign up to a property auction you will have to wait for the next one before you can sell your property. This can be months away and if you are looking for a quick sale, this is far from ideal. Even after the auction has finished and your property has been sold, you will still need to wait for the paperwork to go through which can add further weeks to the process.

 

Furthermore, selling through an online property auction is not without cost, auctioneers will charge you a commission to cover the cost of marketing and selling your property, eating away at your final profit.

Online Estate Agent

Another option for those looking to sell their properties online is to sell through an online estate agent. The main advantage to selling through an online agent is that you are given a lot more freedom. Unlike traditional estate agents, an online estate agency is able to put you in the drivers seat with the sale.  


They offer cheaper fees and a more modern approach to selling your home. Rather than having endless viewings and legal fees to deal with, some online agencies can cover these for you and even sell your home within a month.


If you are looking for a house-selling option that is fast, effortless, and free, then look no further. Here at The Property Selling Company we pride ourselves on offering the less complicated option to selling your home.

You will benefit from our honest and transparent customer service and our dedicated team of property experts will undertake all of the selling aspects for you, from creating floorplans, taking photographs, arranging viewings, marketing your home and even covering all of your legal fees for you!


Another advantage to selling through us is that we will advertise your property on property portals such as Rightmove and Zoopla.


And because we believe that selling a property shouldn’t be time consuming or complicated, we aim to sell your house in 28 days and complete within 12 weeks.


So if you are looking at selling your house online, get in touch today to fill out one of our free no obligation home valuation forms today! 

Sell your house for free

  • You will benefit from honest and transparent customer service
  • Our dedicated team of property experts will be with you every step of the way
  • We will undertake every aspect of the selling journey, from creating the floorplans, to marketing your home, and even covering your legal fees for you!
Enquire for free
Posted on

Average Cost To Sell A House

Solicitor talking to clients about the average costs to sell a house

Average Cost To Sell A House

What is the average cost to sell a house? Find out below as we delve into all costs and fees associated with selling your home.

Tom Condon
Tom Condon ★ Digital Content Writer

Table of Contents

Average Cost To Sell A House

If you are wondering what the total cost of selling a house is in England and Wales — you are in the right place! In this article we will delve into all things house selling and what the costs involved are.

What Is The Average Cost To Sell A House?

In the UK, selling a house can be pretty expensive; as of July 2022, the average cost of selling a home is £10,401 for the UK’s average at £292,000. The total selling price will vary depending on the estate agent’s commission, mortgage interest, solicitor fees and any additional services.

Please note that all houses will differ significantly and even if your selling price is £292,000, the costs may be more or less depending on your situation.

Enquire for free

Average Costs To Sell A House

ServiceCosts
Estate Agent Fees£2920 - £8760 (1-3% Of the Final Sale Price).
Conveyancing Fees£1690 (Inc.VAT) Solicitor's Legal Fees.
Energy Performance Certificate (EPC)£60-£120 (Inc. VAT).
Removal Company Costs£1181 - 3 Bedroom House (50 Miles).
Mortgage Exit Fee£50-£300.
Early Mortgage Repayment Charge1%-5% of Outstanding Mortgage.
Capital Gains TaxVaries.
Porting A MortgageUp To £450 For Valuation

Estate Agent Fees

Traditional Estate Agent Fees

If you use a high street estate agent, you can expect a 1.18% commission fee (plus VAT). Selling a home at the average UK house price of £292,000 will see estate agent fees of £3445.60. Around 95% of all house sellers use traditional estate agents.

Estate agents base their commission fee on a percentage of the final sale price. They can charge 1% and 3% of the property price — which is set when the property is sold. Some estate agents work on a no-sale, no-fee service, which means they won’t charge you at all if you don’t manage to sell your property.

It would be best if you asked for a list of their additional services upfront so you can have transparency through the house-selling process. You want to avoid being surprised by any hidden fees later down the line.

Online/Hybrid Estate Agents

Most online or hybrid estate agents will charge a fixed fee between £300 and £1500, and less than 5% of home sellers use online estate agents. Usually, 50% of all homes fail to sell through online/hybrid estate agents, meaning half of all home sellers have to pay twice before they are successful.

However, we charge no fee at all! If you sell your property with us, whatever your selling price is, you will receive it.

Conveyancing Fees

The average solicitor costs for a freehold is around £1,270, and a leasehold is £1,420. When selling a property, you will need a solicitor or a conveyancer to handle the legal process of the sale. The average conveyancing fees include the solicitor’s legal fee and conveyancing disbursements.

Leaseholds are often more expensive when dealing with solicitors, and they involve slightly more leg work to be done and can often be quite complex. Some conveyancers will offer a fixed fee conveyancing service, so you should make sure before you choose a solicitor.

Disbursements are payments where your payments are made on your behalf by your solicitor and then claimed back. Examples of disbursements claimed during the house-selling process include:

  • Title Deeds Copy £6 – Land Registry documents are used to prove you are the legal owner of the house; you will only need a copy of the title deeds.
  • Telegraphic Transfer Fee £40 – A bank transfer fee is required when your conveyancer needs to transfer money. The transfer fee tends to differ between £25 and £45.
  • Anti-money Laundering Checks £5 – The buyer and seller will be checked to ensure your money comes from legitimate funds.
  • Mortgage Property Supplement Fee £220 (If Applicable) – Your solicitor will liaise with your mortgage provider to process the redemption of your mortgage.

 

You must choose your solicitor carefully, making sure that they are CLC, SRA, LSS, or LSNI regulated. We will pay for all your estate agent fees if you decide to use our service.

Sell House For Free

Mortgage Fees

If you sell your property with a mortgage, you’ll face some costs; mortgage exit fees and early repayment charges.

Mortgage Exit Fee

To close your mortgage, you must pay your provider a mortgage exit fee. Depending on your mortgage provider, this will typically cost between £50-£300.

Early Repayment Charge

You might be liable to pay an early repayment charge if you’ve already paid off your mortgage or if you are leaving your mortgage before your fixed term ends. This will typically cost between 1-5% of the loan.

If you still have a mortgage and you want to sell your home, you can either transfer your current mortgage or find a better deal by remortgage. Both options will mean you have to pay potential fees like:

  • Arrangement Fee – £1000-£2000.
  • Booking Fee – £100-250.
  • Valuation Fee – £150-£1500.

EPC Certificate Costs

You might be liable to pay an early repayment charge if you’ve already paid off your mortgage or if you are leaving your mortgage before your fixed term ends. This will typically cost between 1-5% of the loan.

EPCs are used to help you improve the chances of getting your home sold. It will give potential buyers an accurate idea of the property’s energy usage and costs. It will also help you to make specific improvements to your property, like the safety of electrical wires and how to cut down on energy costs.

Only accredited assessors can carry out an EPC, but you can arrange one through your estate agent or directly from an EPC lender. Energy Performance Certificates are valid for up to ten years, so if you sell your property within ten years, you do not need to get another one. All EPCs are stored digitally by the government.

Removal Company Costs

The average cost of using a removal company is £1181. You should ensure that you have a removal company ready by your arranged completion date. Usually, removal companies can be booked up weeks before, so you should get this done quickly. You could organise self-storage if your move-out doesn’t match up to when you move in.

Removal costs will vary significantly depending on the number of bedrooms you have in your house and the number of miles they will be travelling:

Size Of HouseCost of Removal Companies Per 50 MilesCost of Removal Companies Per 150 Miles
1 Bedroom£365£468
2 Bedrooms£576£688
3 Bedrooms£806£918
4 Bedrooms£1056£1168

Preparing House For Sale Costs

Getting your house ready for sale can be inexpensive, but using professional services may increase the chance of selling your property. You should clean your house before viewings and photographs and before the buyers move in. If you have any infrastructure issues like dampness or Japanese knotweed, you should try and resolve this before putting your house up for sale. Examples of costs can:

  • Cleaning – £0-£150.
  • Painting – £50-£1000.
  • Fix Repairs – £0-£2000.

Buyers will try and negotiate a price down if their survey pulls up any red flags. You can pre-empt this by fixing any repairs or expect this to crop up.

Capital Gains Tax (CGT)

If you receive a profit on the sale of a house and it is not your main place of residence, then you have to pay Capital Gains Tax. A basic-rate taxpayer will pay around 18% capital gains tax and 28% in a higher tax bracket. You will need to pay Capital Gains Tax if you are selling a:

  • Inherited Property.
  • Buy-to-Let.
  • A Holiday Property.
  • Business Premises.
  • Land.

What Is The Average Cost To Selling A House With The Property Selling Company?

By selling your property with The Property Selling Company, you could save upwards of £6000 based on a £292,000 home. We will never face you with hidden costs or surprise you with commissions. Our service is paid for by us, so you never have to pay a penny.

Sale ProcessTraditional Estate Agent (3 Months)Online Estate Agent (2 Months)The Property Selling Company (28 Days)
1st Advertised Price£300,000£292,000£292,000
2nd Advertised Price£292,000£292,000£292,000
Sold For£294,000£287,000£292,000
Estate Agent Fees£290,531£286,000£292,000
Additional Fees£289,030£283,200£292,000
Total£289,030£283,200£292,000

When you’re ready to sell your house fast, choose us! You will benefit from our honest and transparent customer service. We will provide you with an improved, streamlined service away from the traditional high street estate agent. We believe that selling a property shouldn’t be time-consuming or complicated and aim to sell your house in more than 28 days — completing within twelve weeks. You will be in safe hands as we cover everything from floor plans, photographs, write-ups, viewings and legal fees.

Sell your house for free

  • You will benefit from honest and transparent customer service
  • You will be in safe hands as we cover everything including floor plans, photographs, write-ups, viewings and your legal fees
  • You will have an improved, streamlined service away from the traditional high street agent
Enquire for free
Posted on

Best Online Estate Agents UK

Best Estate Agents

Best Online Estate Agents UK

Who are the best online estate agents in the UK in 2022? In this post, we will cover and compare all the best online estate agents and how we differ from them all.

Tom Condon
Tom Condon ★ Digital Content Writer

Table of Contents

How Should You Compare Online Estate Agents?

When researching which online estate agents to use in the UK, there are multiple ways you should compare different companies. One of the main attractions of using an online estate agent over the standard high street agent is that the fees are reasonably minimal.

However, the services offered under the fee can differ depending on the online agent. For a decent online estate agent, you should expect to have photography, floor plans and advertising for a basic fee.

Some estate agents (we won’t name and shame) will charge you for these essential services, and others will charge you a fee for additional assistance. These additional services may include sale progression, negotiations, viewings and local property knowledge.

Get Started Today!

Compare The Best Online Estate Agents In The UK, 2022:

  • One package available for a £0 agent base fee.
  • Package summary – Comprehensive free package includes everything generally associated with selling a property; photos, floorplans, local property expert valuations, offers & sales negotiation, viewings, and advertising.
  • 100% Sale price achieved.
  • 4.7 star Trustpilot review.
  • Four packages available with a £999-£1999 base fee.
  • Hybrid estate agents with dedicated local agents to manage viewings and offers via an online dashboard.
  • 97% Sale price achieved.
  • 4.7 star Trustpilot review.
  • One package available for 1.2% +VAT of sale price. No sale, no fee.
  • Hybrid estate agents with hundreds of local agency branches, photos, floorplans, sale boards, viewings and advertising included.
  • 98.8% Sale Price Achieved.
  • 4.8 star Trustpilot review.
  • Three packages available ranging from free to £599.
  • The comprehensive free package includes a bare minimum; extra packages include hosting and advertising.
  • 96% Sale Price Achieved.
  • 4.5 star Trustpilot review.
  • Three packages available ranging from £99 to £999.
  • Hybrid estate agents; £99 package includes a basic minimum with additional extras for a fee.
  • 100% Sale Price Achieved.
  • 4.8 star Trustpilot review.
  • Two packages available; £1199 and £1999.
  • Hybrid estate agents; One fixed fee package with viewing additional fee.
  • 97% Sale Price Achieved.
  • 4 star Trustpilot review.
  • One package available; for no base fee.
  • No selling fees, full service provided.
  • 100% Sale Price Achieved.
  • 4.1 star Trustpilot review.

What's An Online Estate Agent?

Online estate agents differ from traditional, local agents as they are run through websites and portals instead of a local shop. Some online agents offer a more basic service than conventional agents but have much lower fees. Online estate agents are categorised further:

    • Hybrid Estate Agents – Work online and employ local property agents to handle inquiries, negotiations, viewings, open days, or advice.
    • Online Only Agents – The seller will have to do some leg work themselves, from taking photos, creating marketing materials, and conducting negotiations and viewings.
    • The Property Selling Company – Offer an online-only service but will carry out all things associated with selling a home ourselves; we will even pay all your fees!
Find Out More

How Do Online Estate Agents Work?

The services provided by hybrid agents are similar to those of a traditional estate agent, but the benefits are pulled back slightly. Some online estate agency services are stripped back even further.

 

Both services will offer valuations, marketing and viewings — albeit for an additional fee. They will also provide a negotiation service and offer acceptance until the sale is complete.

 

The further you go through the process, the more you may encounter a higher fee than the basic package. You will not face any fees with The Property Selling Company.

Online vs High Street Estate Agent Fees

Traditional local estate agents will charge you a percentage of your home’s selling price, but online agents will (mostly) charge fixed fees. Online agents are often much cheaper than traditional agents.

 

One downside of using an online agent over a traditional agency is that you will probably have to pay an upfront fee, regardless of whether you sell your home. This is a double-edged sword, as the agent will be less likely to sell your home for the highest price.

 

Some online estate agents will offer a no-sale, no-fee service, which means that you don’t have to pay until you sell your property, reducing the risk of wasting your money.

 

The Property Selling Company doesn’t ask for any fees. Instead, you will benefit from us agreeing on a sale price with you, and if the property sells for more than the agreed price, we will take our cut. We believe in transparency in everything we do.

What's The Difference Between Online And High Street Estate Agents?

Online Estate AgentsTraditional Estate AgentsThe Property Selling Company
Will offer an upfront fixed fee, no sale, no fee, or cover the costs themselves.Will ask for a percentage of the sale price.Will not ask for an upfront fee or percentage of the sale price.
Can communicate with you 24/7, and contact is accessible via email and telephone.Most local estate agents will work 9am - 5pm and cannot contact you after work.Can communicate with you 24/7 and always available to talk via email and phone.
The packages can be tailored to your specific requirements, and you can track the progress.Most don't have a progress dashboard, but the packages can be tailored to your situation.We can tailor the timescales and situations to your life and how fast/slow you want to sell your house.
There is no contract period with most online agents, meaning you could use other estate agents simultaneously.Traditional estate agents ask for a contract period where you are exclusive to them for about a month.We ask for a 28 days exclusivity period, but we are confident we will be able to sell your property in that timeframe. If not, then you can exit the contract fee-free.
Some online agents need to gain local knowledge, even if they have regional reps.Most traditional estate agents will manage and negotiate between buyers and sellers, saving you time and energy.We can use our regional reps, existing property knowledge and market trend analysation to provide the best local knowledge possible.
Some online agents will not offer to negotiate or act as a middleman between selling parties.Traditional estate agents will manage and negotiate between buyers and sellers, saving you time and energy.Our excellent property experts will handle all your negotiations, offers and completion - creating a hassle-free experience for you.
The majority of the time, you will need to conduct viewings yourself.You do not need to conduct viewings yourself; real estate agents have years of training.Our property experts will handle all the marketing, advertising, and viewings, so you don't have to.
Due to the fees imposed by the agency, they will be less likely to push for the highest possible selling price.Traditional estate agents can wiggle the selling price for the property more than online estate agents.Whatever sale price we agree with is the money you will receive directly from your bank.
Get Started Today!