Sole Agency Contracts

Sole Agency Contracts

When agreeing to sell your home with an estate agent look out for the length of sole agency terms on the contract. If an estate agent is confident that they can sell your home for the figure they have quoted to you, then why do they need to tie you into an agreement for months?

The housing market is very busy currently, most houses are selling within a few weeks of being put up for sale. If your house isn't selling quickly or getting much interest this can be a problem that can mean you miss out on getting the best price you can for your sale. If your agent isn't getting the results you hoped for, it's best to switch to another agent who can. This would be fine, except you realise you are tied into a 12 week (or longer) contract!

Being tied into a long term contract can be frustrating and could cost you money or worst still, your sale.

When agreeing to sell your home with an estate agent, look out for the length of sole agency terms on the contract.
If an estate agent is confident that they can sell your home for the figure they have quoted to you, then why do they need to tie you into an agreement for months?

Why do agents use these long term contracts?
Two reasons:

  1. They have over valued your home to win your business. They know that once you realise this you would move on to another agent. By tying you in, you will be forced to consider dropping the asking price. This can result in having a negative impact on your sale.
  2. They tie you in to a fixed term contract because they to stop a better agent from winning your business and selling your house.
Neither of these options are in your best interests. 

So when instructing an agent don't sign up to lengthy contracts. FOUR WEEKS should be the maximum. If the agent wont budge, then it's very likely they are not confident they can sell your home.

Remember, if the agent has given you a figure that is higher than expected or higher that other agents it's very likely that they are rewarded financially for winning business rather than selling your home.

At Harrisons Homes we don't use contracts over four weeks, to find out more please call our team today 01795 474848

Get in touch with us

What to Expect During the Home Survey Process: A Guide for Buyers

When you’re in the process of buying a home, it’s easy to get caught up in the excitement of finding the perfect property. However, it’s crucial not to overlook one of the most important steps: the home survey.

CLICK HERE >

Why choose us, ’How to Sell Your Home with Confidence | Expert Tips from Harrison's Homes’

Selling your home is more than just a transaction—it's a significant life milestone. At Harrison's Homes, we understand that every move is unique, whether you're downsizing, relocating, or embarking on a fresh start. Since the 1980s, we've helped thousands of clients achieve their property goals, and we're here to guide you every step of the way.

CLICK HERE >

The #1 Reason Property Sales Fall Through & How to Stop It!

One of the biggest frustrations sellers face is a buyer withdrawing from a sale. But did you know that providing key property information upfront can prevent this from happening?

CLICK HERE >

How to Prepare Your Home for a Smooth Sale

Selling your home can feel like a daunting process, but with some careful preparation, you can give yourself the best possible chance of attracting the right buyer and achieving a smooth, successful sale. From creating the right first impression to dealing with those little jobs you’ve been meaning to do for years, here’s how to get your home market-ready.

CLICK HERE >