You pay an estate agent to perform certain tasks on your behalf, but sometimes, especially for first time buyers, it can be confusing as to what these tasks are. This guide takes you through what your estate agent is obligated to do once you have signed a contract with them.
4Homes Essentials
Property Search
UK Region Ratings
Value your home based on local knowledge and agree a selling price with you.
Agree terms of engagement and ask you to sign an agreement clarifying all terms and conditions.
Prepare the property details. The 1994 Property Misdescriptions Act legally binds agents to describe the property accurately.
Perhaps display your home in their office window and local newspapers and other property publications.
Advertise your property details on their website and others websites.
Put up a For Sale Board (subject to local laws and regulations).
Contact potential buyers registered with the agency and supply details.
Arrange and accompany buyers on viewings or your property.
Record all responses to viewings and update you regularly.
Review the asking price with you if necessary subject to progress.
Investigate any potential buyer's ability to proceed.
Inform you of all offers to purchase and advise you on its acceptability.
Negotiate the offer to achieve the best price for you.
Liaise with all parties (as well as buyers in a chain and solicitors) to progress the sale to an exchange of contracts and subsequent completion.
Check out the mortgage calculator, loans, credit cards & savings comparison tools
Tell us about where you live, & see if your area makes the top (or bottom) 20
Compare current rates on loans, savings accounts, credit cards & mortgages with this handy tool.jpg){kind=small}
Our presenter could be popping round to your house for a consultation and a cuppa
Your Comments
Post your comment
Please note: In order to post a comment you need to be registered and logged in to Channel 4:
Sign In Here or Register Here
Comments closed
Comments are closed at the present time
Comments
Thank you for your comment!
Your message will be reviewed and the best ones will be published below.
If you intended to make an official comment to Channel 4 please contact us.