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Frequently Asked Question's

 

 

 

What are the costs?


Our standard advertising and enquiry forwarding service costs 0.50% (plus 17.5%) of the selling price. For 1.25% inclusive, we will arrange accompanied visits.

There is a pre-payment of £250 (refundable from our sale commission). There are no time limits, no surcharges or supplements (ever), no hidden costs.

We like to keep things nice and simple.

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What if I'm already using an estate agent?


You should be fine to do what you want.

Check your contract with your agent, or just tell them this is what you want to do – like it or lump it. Normally, if you sell your house yourself (as you would be doing with us) you don't have to pay them anything.

Any information, photos, floor plans or whatever it is you supply us with, you must make sure you have copyright over them. If your agent has provided you with floor plans make sure they belong to you and you can do what you want with them. If not we cannot take them from you.

It does depend on the precise terms of your agent's contract which you should check carefully. A "Sole Selling Rights" contract would allow the agent to charge you commission whoever you sell to, even if they don't introduce the buyer.

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Can I appoint another agent as well as you?


Of course, in fact, we would recommend that you do appoint another agent as well. If they sell the property, you will pay them and pay us nothing. You will not be entitled to the refund of the pre-payment though.

If we sell the property for you, you will have have saved a lot of money rather than using a normal high street agent.

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Should I tell my existing estate agent?


It's a good idea to let them know. It may avoid any misunderstanding over commission at a later date and it will also serve to focus their minds on marketing your property more aggressively - they know they will not get paid if they don't introduce your final buyer.

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Can I sell my house without an Estate Agent?


Yes, of course. You can advertise it yourself in the local press and elsewhere on the internet.

BPS, through its agent network can take some of the running around off your hands, offering advice, acting as a go-between for you and your potential buyer(s).

We can offer a number of benefits to the selling process, such as:

  • advertising the property for sale locally through our local agents
  • national exposure on the UK's major property sales portals.
  • arranging appointments for visits
  • advice on valuation - from our local agents.
  • collation (from you) of relevant documentation
  • communicating with your solicitor /conveyancer
  • keeping tabs on the progress of exchange of contracts
  • advising on the status of 'chains'
  • holding the house keys on completion date.

We can provide these services, along with the publishing and advertising in the same national (and International) media as other agents, also, people local to you will also be looking at your property on our web-site as they will have access to it!

Or, if you are on your own: when you accept a buyer's offer, you just pass the details straight to your solicitor, who will do the necessary legal work.

You only need to consider whether the amount you will have to pay an estate agent is worthwhile in relation to what they may save you in time, convenience and personal effort.

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Do you cover all areas in the UK ?


Yes. We sell property anywhere in the UK, even non-UK!

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Where do you advertise my property?


We advertise on our web-site within the findaproperty.com and propertyfinder.com rightmove.co.uk and the Evening Standards homesandproperty.co.uk umbrella's. In fact, you will likely find many of your local agents properties are also listed on here – so we are just doing the same, but for half the money.

The web-site is owned by Associated News Media and therefore readers of The Daily Mail; The London Evening Standard, Metro, Homes & Property and others are also steered to the site. They have over 200,000 houses for sale, not only in the UK but overseas as well. They get 95m page impressions per month from 1.4million visitors.

We also have an arrangement with News International through their propertyfinder web-site, its associated links and partners

Where we have local agents appointed, they too will advertise your property within their portfolio, through a variety of their own local press.

 

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What do I have to pay now?


You submit your details and make a pre-payment (card payment here) of £250 to cover our expenses and publication of your advert. In the event you remove your property from our site – for any reason, the £250 is not refundable. Sorry about the pre-payment, but its the way it has to be :-(

If we sell your property, we will refund the £250 against our commission, therefore in effect, its refunded when we get paid. The £250 pre-payment can be made by clicking here. Alternatively, email here and send us your contact details - we may be able to process payment manually for you.

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When will my property appear on the network partner sites?


We will publish your details as soon as your payment has cleared and we have been able to enter it on the web-site. It will be live within 3 - 4 hours of us publishing it. We will then send you a link to check it.

Where there are holidays etc., please allow a bit of extra time.

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Is there a discount for multiple listings?

 

Unlikely.

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How long can I advertise for?


Until your property is sold - there is no time limit on the period of advertising. The price we charge you is fixed at the start of your advertising. There are no surcharges EVER - irrespective of any change in our costs or improvements in the content of our packages or partner network.

You need to keep us informed of developments, particularly if you accept an offer and /or exchange contracts on the property.

We review customer accounts periodically and reserve the right to discontinue the advertising in the event that we have reason to believe the property is no longer for sale, or 6 months. You can ask us to re-list it at no extra fee, within 1 month of its removal.

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How do I & my buyers find this Web site?


We will send you a link once we have published your advert.

Your buyers are driven to the web-site by the various publications and publicity generated by The Associated Press Group & News International. Each with 4,000 agents and 200,000 properties for sale, these are basically some of the largest property web-sites in the UK. As we said earlier almost 1.5m people hit each site each month – hitting 95m pages.

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How do I value my property?


You can be guided by your original selling price; these are given to us by the likes of Bellway, Barratt's, Redrow etc., and will be the prices they were selling them at – we will not offer you a property at more than what their selling prices are. This is your best guideline.

However, there are numerous online services which offer free access to Land Registry UK house price data, where you can research prices of homes sold in your street, to compare with your own.

This is much easier said than done; you do have to be careful interpreting what you read as to what it means, even from the Land Registry! Two properties being sold next door to each other in the same week; one for £175,000 and the other for £600,000 – does not make an average price of £387,500 for the area! One was likely to have been a flat!.

You can put any price you like on a property, but it has to have one foot (well actually both feet) in the real world. As a rule of thumb, valuers say ‘'a property is worth what someone will pay''.

Temporary factors can also affect prices, such as:-

•  Time of year

•  Roadworks

•  Unfinished phases in a development

•  Temporary oversupply (say two large competing developments coming on stream at the same time.)

•  The seasons!

•  Other unfinished developments in the area or site

Be realistic, don't be greedy and ask a sensible price in line with your initial purchase information and your research, you can add a bit on for good measure; but don't go overboard.

 

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Can you give me a valuation for my property?


We can offer you a proper RICS valuation for any UK property. The costs of this will vary according to the area and the price of your property as all RICS valuers have a sliding scale of charges. A good idea, if you don't want an official valuation, is to telephone local
Estate Agents who work a very small area and have a much better idea of the market.

We can also offer you advice of re-selling prices, from our local agents, provided you have given us the required information which would include:-

  • Original Gross Price (ie: before discount)
  • When you reserved the property
  • Brief description (No of rooms etc.,)
  • Size of your property
  • Any photos if possible.
  • Floor plans

We can then do our research for you and advise you of an appropriate marketing price accordingly. Click here for what else we need.

 

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What don't you do that a 'High Street' Agent will do?

 

Well the only difference is really, that we don't charge the levels of charges of the high street.

As we also have our own internet sites through the major portals - just as any local agent does, we are the same as them. However, because we have local arrangements on top of that; we offer clients a local service and press advertising combined with national coverage on some of the UK's largest web-site.

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What do I do next, if I want to go ahead?


Make the pre-payment of £250 - click here.

You need to supply us with each and every word you want to use, along with the way you want it set out and every picture/plan you want to use (whether or not have have a picture already).

We need a single once only email, containing:-

  • JPEG PICTURES
  • JPEG or PDF FLOOR PLANS
  • NARRATIVE THAT WE CAN COPY & PASTE (ie: not in PDF form)

We can only accept this in a single email; if you ''think of something else later'' you will need to re-email everything again, as we will have to scrap your (now) incorrect instructions. You get a chance to view it before accepting the final publication and we will make alterations at that point - but not after.

Make sure you email us pictures, such as you have, for your property. Internal shots as well as external shots. Remember, the better/clearer and more pictures you have (space permitting) the better - imagine what you would want to see if you were a buyer. Have a look at what other properties are listed and they way they are set out - that will give you some idea. Think of what it is that would catch your eye.

We only want the information electronically, paper work and pictures cannot be accepted as one of the reasons we are cheap, is we keep our costs low. Email here the details and picture attachments (JPEG pictures only).

If you do not know how to do this, please seek advice from your own computer guru, we are not able to give you computer advice.

 

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What are your Selling Terms of Business?


Click here to go to the Terms Of Business - Selling

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How does BPS get paid for the service?

When the notification of the sale comes through, we send a letter to your lawyers advising them the sale has been made through us and our commission is £xxx less the original £250 pre-paid. Your Lawyer will send us the cheque at completion - you don't need to get involved. Obviously if the property is sold by your other agent, then we will not send our fee note to your lawyer for payment.

Where a property has been removed as 'sold', we then perform routine checks, including the buyer themselves and the Land Registry to check the name/contact details of the new buyer to ensure the buyer was not one that originally enquired through our service on the property. If it is one of our original enquirers, you will get a bill for the pre-agreed change that you would need to settle upon receipt.

With all the excitement of selling your home, it could happen that someone forgot to let us know.

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What is the cancellation policy?

One side can give the other 7 calendar days notice to terminate the agreement for whatever reason either side may choose.

There is no-refund of the initial £250 pre-payment, but there are no further monies owed by the seller, unless the sale of a property is undertaken within 6 months of the cancellation to a buyer that has been introduced to the seller by BPS. In this case our full fee is due for payment.

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