Abacus Valuations Co. Ltd Logo
Home EPC Certificates Retrofit Assessments Property Auctions UK Property Finder UK Properties For Sale Homebuyers Reports Valuations Videography

Your Journey to Selling Your Home Starts Here 😀 Call 📞 07706 413 904 or email: 💻 Jon.gibbons@abacus-valuations.co.uk Anytime between 10:00 - 22:00 | 7 days a week 😀

Can I Use Two Estate Agents to Sell my House?

Contents: Yes You Can Use Two Estate Agents to Sell Your House? | Can you Sell your House with Multiple Estate Agents? | What is the Difference between Multiple Agency and Joint Agency | Should I use more than one estate agent? | Pros and Cons of using more than one estate agent to sell

Jonathan Gibbons logo

Yes You Can Use Two Estate Agents to Sell Your House?

When it comes time to sell your home, it's natural to want to know all the ways you can improve the outcome of your sale. There's a lot of competing advice out there, which can get confusing when you're trying to make decisions about one of your most expensive assets.

In this article, we take a closer look at estate agents, and whether it's better to use more than one agent to sell your home. We'll take you through the pros and cons of both options. But, ultimately the answer will depend on your personal aims.

From an Agents point of view, I love this, having another agent to compete against is very health and Only the Agent who Sells, Gets Paid. But, this will result in a quicker sale and the highest price may not be achieved.

Book a Free Consultation

Are you thinking about Moving? Need some Advice on Improving your Home? We can give you a brief Home Survey and Advice on how to Improve your Property to maximise your equity.

Have you Sold your House and you're looking at number of purchase options, you may ask our opinion or you would like a Survey on a new purchase

Are you looking to invest, investment property is increasingly propular and there are many different options, we can provide our professional opinion on Real Estate Investments.

Name:
E-Mail Address:
Tel:
Address:
Post Code:
Send E Mail:
X

Can you sell your house with multiple estate agents?

Multiple For Sale Boards

Yes, you can sell your house with multiple estate agents.

Although, working with just one is the most common choice, it's up to you how many estate agents you want to work with. It's perfectly legitimate to work with one, two, or even more agents, when you're selling, as long as the terms of your estate agent agreement allows it.

If you want to work with just one agent, you'll likely sign what's called a 'sole agency' agreement. Sole agency agreements are the most common form of estate agent contract in the UK. This type of contract means that only one estate agent is allowed to sell your property. These are usually time-limited contracts, meaning you're tied into working with that agent for a certain length of time. If a different agent sells your home whilst you're under the terms of a sole agency agreement, you'll have to pay both sets of fees. But, once the contractual period has ended, you can go on to work with whoever you want to (if you haven't already sold your house). Some people choose to work with a sole agent initially, and then multiple agents once the contract term has ended.

There are two types of agreement that allow you to use more than one agent: a multiple agency agreement, or a joint agency agreement.


What's the difference between 'multiple agency' and 'joint agency'?

Jon Gibbons Estate Agent Board

Multiple Agency

This type of agreement lets you work with as many agents as you like, and you only have to pay the one that actually ends up selling your house. This is the most competitive type of contract, and often comes with the highest fee.

Joint Agency

This type of agreement allows you to use two estate agents to sell your property. Once your sale is complete, your agents will split your commission fee. Generally this type of agreement is only effective if you choose agencies with different ways of attracting buyers. This'll mean to benefit from exposure to a wider range of potential buyers. If you're thinking about using this type of arrangement, take the time to interview each of your prospective estate agents carefully. Ask them about their experience in the area, and the unique ways they would market your home.

For more information on the different forms of estate agency contract, and some tips on how to pick the right type for you, check out our handy guide.


Should I use more than one estate agent?

Multiple Boards For Sale

Whether you decide to use more than one agent in your property sale will depend largely on your aims.

Is it more important for you to sell quickly, or would you rather hold out for the best possible sale price? Is your house typically classed as 'difficult' to sell, or 'unique', or is it an in-demand property (like a three-bed house near a good school)?

Answering these questions will go some way to helping you decide the best way forward. Looking at the pros and cons of using one or more agents may be a useful place to start too.


Pros and Cons of using more than One Estate Agent to Sell

Jonathan Gibbons logo

Your home will be put in front of more potential buyers It's a pretty common misconception that all an estate agent does is make an advert for a property and stick it on the online property portals (websites like Rightmove, Zoopla, and OnTheMarket). But, estate agents actually do a lot more than this to get your property noticed by potential buyers. They are constantly networking with interested buyers in your area, and advertising through a range of online and offline channels. If you work with more than one agent you'll get your property in front of each agent's unique networks of buyers. And, the more people see your property, the more people might put in an offer.

Spread of expertise This works particularly well if you choose to work with one local agent, and one national agent with a particular speciality for your type of property. For example, there are national estate agents that work with properties that are specifically seen as: 'prime', 'unique', or investment opportunities. By using two quite different agencies you can maximise your property's exposure to interested buyers. This spread of expertise can be especially useful for more difficult to sell properties.

A quicker sale Many professional property investors recommend using multiple agents if you're looking for a quick sale. They think that competition to win a fee encourages your agents to find you buyers quicker. On top of this, the higher commission fee provides a more exciting reward, making sure your agents are motivated to make your sale their priority.

To use multiple agents to get a quicker sale, make sure you use a 'multiple agency' agreement, rather than a 'joint agency' contract. It's more motivating if your agents are competing for the same fee, rather than a fee that they'll share.

Cons of using more than one estate agent to sell You don't need more than one online property advert, you just need a good one One of the downsides of having two or more estate agents, is that you'll also end up having multiple online adverts. There's not much benefit to having several adverts for the same house on the same platforms, because it's likely they'll all get seen by the same buyers anyway. However, each of your agents will still want to get their advert up on the main online property portals, where most people start off their property search.

It may be better for your home sale to make sure that your online advert is the best it possibly can be. The pictures should be taken professionally, and the description should be written to include all the keywords and jargon that your target buyer is likely to search for. Having a single good online advert is just as, if not more effective, than multiple average adverts.

A higher commission fee Often if you choose a 'joint agency' or 'multiple agency' arrangement you'll have to pay a slightly higher commission fee - usually between 2% and 3% + VAT of your final sale price.

This can put off some sellers, because there's no guarantee that you'll get a better price with your home if you use more estate agents. The cheapest way to guarantee you get the best price for your home, is to ensure you're working with an estate agent that has an excellent track record in your local area - and with properties similar to yours. These agents will have the best connections with potential buyers, and the greatest experience in promoting homes like yours.


Videography


Estate Agency News and Articles

EPC Chart

What are Energy Performance Certificates

Energy Performance Certificate (EPC) provide residential and commercial property buyers and tenants with an indication of the energy efficiency of a property. The certificate contains information about the property’s typical energy costs and will...

Card image cap

How to Successfully Sell a Property

Selling your home needs a bit more preparation than sticking on a pot of coffee to perculate, it requires careful planning if you want to sell quickly at a fair price...

Card image cap

The Doncaster Property Market May 2021

The Doncaster Property Market and the UK Property Market was predicted to be in a Recession after Lockdown. The fact is, it has been so very bouyant recently...

Card image cap

The Problem of Overvaluing a Property

Estate Agents want your business, it is a very competitive market with great rewards at stake. Estate Agents are under presure to keep up their numbers and hit their bonus targets that they will almost do anything to get your business...

Card image cap

What is an Estate Agents Role

This maybe a strange question? But I think you may ask 20 people and get 20 different answers, I asked google and I got even more answers. The most basic answer is someone who "Sells, Rents or Manages Property". This statement represents the majority of companies, they do the bare minimum or...

Card image cap

Which is the best Housing Report

A house survey is an Expert Inspection of a Residential Property and it must be completed by a qualified surveyor and they must be an accredited member of RICS - the Royal Institution of Chartered Surveyors...

Card image cap

Waiting for a Council House?

Around 50 residents and families were in competition for just one council house in Doncaster as the waiting list for an affordable property in the borough now exceeds 8,000

The statistics came in a report which outlines just under £500,000 of government money in order to identify brownfield sites for thousands of future council houses.

Card image cap

How to Successfully Sell a Property

Learn - all aspects of lawn maintenance, how to build and maintain a pond, care and grow vegetables and fruit, fit for your table.

Jon Gibbons | 07706 413 904 | jon.gibbons@exp.uk.com | https://jongibbons.exp.uk.com/

Abacus Valuations Ltd is a registered company at Orchard House, East Lound, Haxey, Doncaster. South Yorkshire DN9 2LR. Registered company Number is 13387578.

Google Reviews
Zoopla Logo
The Property Ombudsman Logo
Rightmove Logo
Trading Standards Logo
Trading Standards Logo

Copyright © abacus-valuations.co.uk - 2000 - 2022

Contact Us / Privacy Policy / Sitemap