SERVICES / TERMS AND CONDITIONS |
Under the provisions of the Estate Agents Act 1979 we are obliged to set out in writing our terms of business including the fee that we charge for our services or the method of calculating it.
THE BASIS UPON WHICH WE ACT
When you ask us to act as your estate agent we will only act on one basis unless we agree otherwise in writing. The basis upon which we act is that when you appoint us we have sole selling rights. Sole selling rights means that we are the only person with the right to sell the property. Therefore if you find a buyer yourself or somebody else sells the property you still have to pay our standard fee which is a percentage (see below) of the selling price.The full standard fee will also be due, unless agreed otherwise in writing, if we find a buyer who is prepared and able to conclude unconditional missives for the purchase of your property. If you withdraw from the sale and unconditional missives are not exchanged, you will still have to pay our standard fee unless agreed otherwise in writing.
OUR FEE
Our standard fee is 1.5% of the agreed selling price (with no VAT currently payable). Our minimum standard fee is £650.00 which is payable on any property or land that sells for £43,500 or below. If after instruction and completion of the property schedule you withdraw the property for whatever reason a fee of £225.00 is payable.
WHEN IS THE FEE DUE?
If you withdraw the property the fee is due within 7 days of the date of our fee note. All other fees are due on completion of the missives. However, as a concession, we are prepared to permit fees to be paid upon completion provided that you instruct your solicitor to pay us out of the proceeds of sale upon completion
WHAT YOU GET FOR THE FEE
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We visit the property and in consultation with you, advise an asking price
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Photograph the property with a digital camera so that the results areavailable to us immediately for your property schedule and your property page on our website
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Prepare a schedule of particulars for your approval
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Provide a "For Sale" poster or sign if required
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Accompany prospective purchasers if you wish us to do so, or if the property is empty
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Prepare a display card, including a photograph of the property, for display on our shop wall and sales books
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Prepare details for inclusion on our website
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Provide one free advertisement in "The Am Paipear"
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Negotiate on your behalf with prospective purchasers and report back to you
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Introduce specialist conveyancing solicitors and mortgage providers if required
EXTRA
We charge for advertising other than the one
free advertisement in "The Am Paipear". If you would like
other advertising we will provide a quote for this before placing the
advertisement.
DURATION OF CONTRACT
All our contracts run for a period of six months (unless otherwise agreed in writing) or until the property is sold (whichever is the sooner). If you do not terminate the contract after six months it will continue to run for a further six month period or until the property is sold. If the property remains unsold at the end of the second six month period and you wish us to continue to market the property, a new agreement has to be signed.
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