You can use House Finder to market your property whether you are using an Estate agent or not. However certain contracts Estate Agents use, can prevent you from marketing or selling your own property. Below is a guide to what each contract means.
If you have an Estate Agent marketing your property you will have a contract between yourself and the Agent. There are typically four types of contract:
- Sole selling/letting' means your Estate Agent is the only one with the rights to sell or let your house. Even if you find a buyer or tenant yourself, you'll still have to pay the agent their fee.
- Sole Agency' also means the Estate Agent is the only one with the right to sell or let your house but if you find a buyer or tenant yourself, you won't have to pay the agent their fee.
- Multi agency' means that you can choose several Estate Agents to market your property but you will only have to pay commission to the one who sells or lets it.
- Ready, willing and able purchaser' is another type of contract. If the Estate Agent finds you a buyer and you later withdraw from the sale, you'll still have to pay their fee.
As myHomeOnline is not an Estate Agent or Letting Agent and providing your contract is not number 1 above 'Sole selling/letting' then you can use our services as a private seller and market your property for sale or let completely free.
It's always a good idea to read the small print of your Estate Agents contract. This ensures you are fully aware of the nature and extent of any restrictions or obligations placed on you as regards your own actions.
If you would like further information to clarify your contract and the statutory obligations of Estate Agents, then please read our 'Guide to selling with an Estate Agent' or visit the website of the Office of Fair Trading at www.oft.gov.uk.Your solicitor should also be able to advice you on any of these matters.