Guild Blog: What is the ‘No Sale, No Fee’ Method for selling your Home?

There are different types of estate agent model out there, but at The Guild, we recommend the ‘no sale, no fee’.

 

This means that you don’t have to pay until your house is sold, so there is no risk of having to pay for no results. The ‘no sale, no fee’ model is used by nearly all ‘traditional’ estate agents, which means your friendly local estate agent who has a shop on the high street. Be sure to look for this when you decide to sell your home. When you choose the ‘no sale, no fee’ option, it means that your estate agent wants to sell your home as much as you do – they won’t get paid if they don’t!

 

What are the differences?

DIY model 

  • Pay a flat fee up-front
  • Payment is due no matter if the agent sells your home or not
  • Usually conducted online

‘No sale, no fee’ model 

  • No commission is taken until the sale goes through
  • Agents are paid on commission, so they want the same as you: to sell the home
  • Usually has a high-street office, giving consumers an in-person point of contact

 

The choice is yours, and you are free to pick the model that best suits your needs. At the Guild, we recommend the ‘no sale, no fee option because agents with a commission-based fee structure aren’t paid until they get results, meaning their priority is the same as the homeowners: to sell the property. 

 

Iain McKenzie, CEO of The Guild, said: “There has been a rise in the number of DIY packages with up-front fees available to consumers, but no-one has truly explained the pros and cons of each service, so we want to educate the public about the different options that are available. At The Guild, we strongly recommend the high-street option of ‘no sale, no fee’ to ensure that the seller gets the best service and best price for their home in the shortest possible time.”

 

The Guild is a network of the best 800 independent estate agents around the country. Find out why you should choose them to sell your home. 

Click here to find your closest Guild Member.

JOPLINGS’ LANDMARK: Guild status for Joplings Property Consultants

PRESS RELEASE: 5th December 2016

 

Leading property consultancy Joplings is proud to announce that it has been awarded exclusive Membership of the prestigious Guild of Professional Estate Agents for Ripon and Thirsk.

 

The Guild is a nationwide network of approaching 800 leading estate agents, all dedicated to maintaining the very highest standards of professionalism and customer service. Guild Membership is traditionally only granted to one agent in a given area.

This appointment means that Joplings has been judged to have met or exceeded The Guild’s exacting Membership criteria, and in recognition of this achievement has been selected as its sole representative in Ripon and Thirsk.

As part of Guild Membership, Joplings has access to innovative marketing to promote their sellers’ properties to the highest standard. They also have access to the widest possible pool of buyers – not just in Ripon and Thirsk but across the whole of the UK including the lucrative London market, where properties are marketed through The Guild’s head office in Park Lane.

“Being chosen to represent The Guild in Ripon and Thirsk is a great honour,” says Michael Stephenson, General Manager. “The awarding of this membership is a tribute to all the hard work we have invested into building our reputation for exceptional service, and underlines our position as a leading property consultancy in the area.”

Speaking on behalf of The Guild, CEO Marcus Whewell says: “We are delighted to welcome Joplings into The Guild as our new representatives in Ripon and Thirsk. Their expertise and outstanding service mean that they will be an important and valued asset to our national network.”

With all these advantages, Joplings is keen to develop the services it offers its clients. “Our business is all about people,” says Michael Stephenson, “which is why we remain committed to the principles of good old-fashioned, honest, personal service and this has always been our trademark.”

Expert market knowledge and the traditional customer service you expect from a leading local property consultancy, combined with unrivalled nationwide marketing power, means that Joplings and The Guild make a powerful and successful combination.