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Avoid a Ball and Chain Contract

When instructing an estate agent it’s easy to overlook a very important part of their contract. An inexperienced seller can be beguiled by an unprofessional agent offering a tempting combination of a low fee and a high valuation, and sometimes unwittingly enter into a contract where he or she is tied in to that one agent for several weeks or even months.

 

This is not a good idea as if a buyer does not appear the seller is not free to change agents and could miss valuable opportunities.  Also, having locked a client in to a long contract at an over-optimistic and unachievable selling price, that agent will undoubtedly then lobby the seller hard for a reduction in the asking price - which he has over-inflated in the first place.

 

It therefore pays to choose your estate agent carefully, be realistic on price – and above all read the small print.

 

At Peter Illingworth we are professionals.  We know the local market and we give sound advice on pricing and tailor our marketing to suit each seller – and we never ask our clients to sign a long term sole agency contract.

 

For further information

 

Contact Peter Illingworth FNAEA

FOR PETER ILLINGWORTH  

Tel Kirkbymoorside 01751 431107

Or Pickering 01751 475557

Or peter@peterillingworth.co.uk