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Estate Agents: On-line vs High Street - You Decide

Author: Craig Bees Published: 7th March 2017 11:31

Good to report that the work at Towcester Youth Coffee House (TYCH) is going well with hopes that building work will start in the next few weeks.Good to report that the work at Towcester Youth Coffee House
(TYCH) is going well with hopes that building work will start in
the next few weeks.

This week’s topic will hopefully dispel some of the myths surrounding the difference between High Street Estate Agents and those online, one in particular who claims not to charge commission! Semantics

ONLINE AGENT:
Here’s some of their terms & charges

  • You have two choices, pay now (upfront) or pay later, where you pay 10 months from the date of instruction. With pay later, you enter into a credit agreement, the agent is paid their £849 immediately but if you withdraw or decide not to move, you still pay the 'fee'. If you decide to ‘pay later’ there’s potentially an additional £360 admin 'fee' and it doesn’t stop there as they will also charge
  • £84 for an Energy Performance Certificate (EPC)
  • £300 to carry out viewings
  • £99 for a premium listing

So with add-ons, the ‘full’ online ‘we don’t charge commission’ service is just about double the cost advertised on their website and whether they sell your home or not, you’re going to get charged the fee. Will they proactively market your property once they have your cash

They have already been paid, draw your own conclusions.

HIGH STREET ESTATE AGENT:

Terms & charges

Yes we charge a commission/fee, but only when we have successfully sold your property. We include your EPC, photos, quality brochure, conduct viewings, vet the viewers, negotiate the sale and then manage it through to completion. We also have High Street offices and don't just rely on property portals for our enquiries. We are open seven days a week and employ staff who have years of experience in the local property market.

Our incentive is to find you a buyer because that’s how we earn our commission.

Whilst there’s nothing wrong with wanting to save money there is a reason why 95% of people use a traditional high street estate agent.

TOWCESTER YOUTH COFFEE HOUSE (TYCH)

Good to report that the work at Towcester Youth Coffee House (TYCH) is going well with hopes that building work will start in the next few weeks.

The archaeological dig has been completed and tender documents have been returned – but they still need your help, especially donations for sanitary ware, kitchen units, paint, tiles and mirrors.

TYCH is also on the look-out for painters and decorators, plasterers and floor/carpet fitters.

If you are able to assist with any of the above, or think you may be able to help in other ways, then  contact Bartram & Co on (01327) 359164 or pop into our offices at the Town Hall in the Market Square for a sponsorship form and leave a donation in the form of cash or cheque.

Northampton Saints tickets: your chance to win free tickets to see Northampton Saints play Leicester Tigers in the Aviva Premiership on Saturday March 25 (3pm kick-off) at Franklins Gardens.

But if you’re not into rugby, what about a case of Italian wines (red/whites/mixed) or one month’s membership to Whittlebury Hall Leisure Club?

So three choices this month if you’re thinking of selling or letting your property – rugby, leisure club  or a case of wine.  Call (01327) 359164 and speaking to our sales or lettings team.

How To Enter: Every valuation and instruction for sale or rental between now and Monday March 20 will be entered into the draw, the winners being notified by e-mail.

Towcester Property News: don’t miss the March issue, out next week. Delivered to all Towcester households, with additional copies available at Tesco and the Co-op.

Until next time.

Craig Bees, MD Bartram&Co 

View our Latest Property Magazine: http://pageturner.guildproperty.co.uk/magazine/bartr1/#1
 
E-mail me at craigbees@bartramandco.co.uk
 
Visit our website www.bartramandco.co.uk and follow us on Twitter @bartramandcotow

Tel: (01327) 359164
Fax: (01327) 359166 

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Comments

Nick H
At 12:21 on 22nd March 2017, Nick H commented:
Can somebody please explain why so much is needed for the Youth Coffee House? They have recently received £200k from SNC, but they still need help from plasterers/painters etc, ... or is that where the money is going. I would love to see a break-down of the costs involved, and where all of the money is being spent, and who actually owns the building. Can anybody provide some insight into these matters plaease?

Nick Holder

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