Signed a Sole Agency Contract? No problem…..we are not estate agents!

You can sell your property privately on to increase your opportunities of making a sale and be with an estate agent!

is a web site designed 4u to advertise your property privately and reach buyers nationwide.

We do not take commission, enter into negotiations, send out property details or divert telephone enquires so we cannot be regarded as estate agents.

So there are no conflicts of interest with ‘Sole Agency’ contracts, we comply with the ‘Office of Fair Trading 2005’ guidance. Unlike some other “property sites” who offer services that can make them effectively estate agents, possibly resulting in you having to pay thousands of £’s in estate agent fees.

Sole agency – the most common contract

You can only have one estate agent with the right to sell your property at a time.

We are not estate agents, so you can advertise on hotproperties4u as well as being with an estate agent. In fact it is the same principle as you advertising your property in the local newspaper, only better value for money because you will reach buyers nationwide!

Sole selling rights – occasionally used contract

The estate agent is the only one that has the right to sell your property and to charge commission, even if they do not introduce the buyer during their contracted period.

You can still advertise on hotproperties4u, there may be no money saving as you probably will still have to pay the agents fees, however you potentially could gain a quicker sale as your property will be viewed by millions on the web and you can advertise on hotproperties4u from free!

Ready, willing and able – rarely used

This can be a clause in any contract, usually found in the ‘When our commission becomes payable’ section. The Consumers Association recommends you not to sign a contract with this content.

If the estate agent introduces a ready, willing and able buyer to your property and the buyer withdraw/you pull out and unconditional contracts have not been exchanged; or if you sell your property, the estate agent is still entitled to the commission.

Wise words

Be cautious some estate agents have added additional terms into their ‘Sole Agency’ contracts that effectively make them ‘Sole Selling’ contracts, possibly breaching ‘The Estate Agent Act 1979’. They have added these to try to eliminate the seller from using the internet, simply making even more sellers lose faith with estate agents. Click here for more information.

We advise you to contact your estate agent if you have already signed a contract, so that there are no misunderstandings and inform them that you are using hotproperties4u. It possibly will drive them to market your property more vigorously, so that they can take their commission.

We have the knowledge to ensure that you do not have the issues.