Commissions are often 2% + VAT this is an extra 17.5%). On a £200,000 property the commission including VAT would be £4,700 and on a £500,000 property this would be £11,750. Estate Agents charge these excessive fees to pay for high salaries, expensive High Street offices, flashy cars etc!
You are limiting your exposure to the contacts of that agent. What if the agent you use has been retained (i.e. a Finders Fee has been paid) by a client interested in buying ? The agent will receive a fee for showing that buyer your property first. So your coverage will only be that buyer. How do you know if someone else might have paid a higher price ?
As things stand you have to be selling or not selling. There isn't any way of saying I am thinking of selling and I would be interested to chat with prospective buyers but without commitment. You want to make your own decision on the sale price without the agent hassling you and trying to make your decisions for you or making you accept offers that don't work for you, but where are the alternatives ?
This is a matter of personal interpretation. Estate agents often provide a useful service but the problem is that there are no alternatives and consequently they control the pricing. However PropertyHat gives people more choice and much better value, by being a free quality site that puts you in control.
Compared to selling through an agent, a private sale on the internet costs a fraction of the price. However there are private sales sites on the internet that will charge you typically between £100 -£300 to place an advert. The features on these sites can be limited. How do you know you are getting value for money ? At PropertyHat we have solved the problem by making our service totally FREE. No catches, no gimmicks. At the same time we have included quality features that enable you to buy and sell property quickly and easily. Propertyhat gives you a QUALITY site that is FREE to use, so what have you got to lose ?
We all know that more and more people are using the internet. It is more convenient and faster than other methods of displaying and communicating information. By achieving greater coverage you will achieve a faster sale and a higher price for your property. PropertyHat acts as a web publisher and is therefore totally impartial. It is not a portal site and is not tied to restrictive affiliations with any other sites. Let us be totally clear about this, PropertyHat is accessible to all, there are no middlemen or other financial inducements or arrangements. PropertyHat will give you the maximum coverage for your property.
Propertyhat has developed an innovative and simple to use Traffic Light System. It allows you to classify your property as Green - I want to sell now, Amber - I may sell soon or Red - I'm not for sale. Whatever your situation, PropertyHat’s got it covered and gives you, the user, total flexibility.
Many people are unaware that they can advertise their property with anestate agent and PropertyHat at the same time without compromising their contract with the agent. The Office of Fair Trading state in their guide "Using an estate agent to sell your home" "Sole agency: The estate agent you appoint is the only agent with the right to sell your property. As you are not an agent, if you find a buyer yourself you don't have to pay the estate agents commission" PropertyHat is a publisher and not an estate agent. Listing your property on PropertyHat, gives you direct access to potential buyers. It is important to check the contract that you have with your agent. Because of the amounts of money involved it has been known for agents to be a little economical with the truth. If the agent specifies "sole selling rights" rather than "sole agency rights" then you would have to pay the commission even if you sold the property yourself.
WEALTH WARNING: READ YOUR ESTATE AGENT CONTRACT AND TAKE ADVICE IF NECESSARY BEFORE YOU SIGN IT. NEVER ALLOW ANYONE TO HAVE SOLE SELLING RIGHTS ON YOUR PROPERTY.
No fees, no commission. Not free today and pay tomorrow. Just FREE !
Have you ever wondered who wants to buy your property ? On PropertyHat you can go to the Find me a Buyer page and find out instantly, from the Wanted List, who wants to buy your property.If you wish, you can make contact with your potential buyers. All contact is via our secure servers and your details will remain private unless you decide otherwise.
Everybody’s circumstances are different and flexibility is key, especially when it comes to something as important as selling your property. Imagine being able to plan a move in the future, but being able to line up buyers now. With PropertyHat you can do precisely that by listing your property as Amber. If you are not particularly interested in selling, but are curious to test market reaction, PropertyHat enables you to list your property as Red . You never know, you might just get an offer that changes your mind and makes it possible for you to move with cash to spare.If you’re ready to sell straight away then list your property as Green and deal direct with buyers in order to secure the deal quickly and efficiently. PropertyHat’s unique traffic light system enables you to classify your property status as Red, Amber or Green to give you the flexibility you need.
Have you ever thought it was a little unfair that buyers receive alerts when properties are listed, but sellers don’t have that option.PropertyHat has changed all that.Simply enter your property details in My Property Details and then elect to receive Buyer Alerts PropertyHat will notify you by email and through your message account when buyers join the Wanted List looking for a property like yours. You can then make contact with them via our secure servers, ensuring your personal details remain private.
PropertyHat acts as a web publisher and is therefore totally impartial. It is not a portal site and is not tied to restrictive affiliations with any other sites. Let us be totally clear about this, PropertyHat is accessible to all, there are no middlemen or other financial inducements or arrangements. PropertyHat will give you the maximum coverage for your property and therefore give you the best chance of securing the best price.
At PropertyHat we greatly value your privacy. So we have come up with a system where you can interact with other users on our secure servers and keep your personal details (e.g. email address etc) private. When you list a property it will be identified as far as the road or street it is in, but the house name or number will not be displayed. It is up to you whether you choose to display photos.
The HIP legislation is changing and evolving quickly over time. We would advise our users to consult with the official website on www.homeinformationpacks.gov.uk to clarify the current legislation. It is the responsibility of our users to ensure compliance with current regulations.
No. We advise that you keep your contact details private and use our secure server to make contact with other PropertyHat users.
We recommend that you are always accompanied when conducting viewings.
PropertyHat has been designed to make buying and selling property in the UK easier, less expensive and less stressful for you, the site user. We would be delighted to receive any feedback that you send us usingour Feedback function, including what you did or didn't like about the site, and any suggestions for features you would like to see on the site in the future. PropertyHat depends on its users and values them very highly.Together we can change the way property is bought and sold in the UK,making the whole experience far less daunting. Please help us to spreadthe word that there is now a much better way of buying and selling property, by telling your friends and colleagues about PropertyHat. To help you do this, we have incorporated a Share PropertyHat feature, which will enable you to easily send an email to anyone you think would be interested in what PropertyHat has to offer. The PropertyHat team greatly values your support in this respect.
Firstly accept our apologies. We try very hard to deliver the best user experience possible, and set the bar very high in terms of customer satisfaction, but we accept that sometimes we will fail to achieve those high standards. If you have had a negative experience with PropertyHat, we would be grateful if you would let us know using the Feedback feature, and we will endeavour to resolve the problem.
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