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  1. Blog
  2. No Sale No Fee Estate Agents
Estate agent help and guides
10 January 2022

No Sale No Fee Estate Agents

GetAgent Team

Buying or selling a property is littered with fees to pay. Survey costs, solicitors fees, the list goes on and on, and the potential bill at the end can be intimidating. But what happens if your home doesn't even sell? Do you still have to pay the estate agents? That's where the 'no sale no fee' model was designed. So what does it entail? Keep reading to find out more.

What are no sale no fee estate agents?

The name does exactly what it says on the tin, with a no sale no fee estate agent, if your property doesn't sell, then you don't pay any fees.

If your house does sell, then you'll pay the estate agent a percentage of the final sale price on completion of the transaction, which is commonly referred to as the commission fee.

Which estate agents offer no sale no fee?

Both online and traditional high street estate agents offer no sale no fee terms. A few you might have heard of are:

  • Purplebricks
  • Yopa
  • Strike
  • eSale
Estate AgentUpfront FeeNo Sale No Fee
PurplebricksFrom £999From £999 (10 month minimum)
99 Home£99From £799
eSale£595£1,190
Yopa£999On request
Strike£0£0

*Some data from hoa.org.uk

Purplebricks

Purplebricks Purplebricks often highlight that their fees are less than brick-and-mortar estate agents. However, they don't actually offer a 'no sale, no fee' option. Instead, they have a 'buy now, pay later' style scheme. They do have a money back guarantee although there are limits and conditions on this. Though this might sound similar, it's a different kind of contract. You'll either need to pay the total cost up-front or pay after the property is either sold or ten months have passed, whichever comes first.

You can read our Purplebricks review, and our review of their money back guarantee here

Yopa

Yopa Yopa offers a complete service, just like what a local estate agent would cover. They will visit your property to give you a valuation, take pictures, draw up a floorplan, and list the property on the appropriate sales portals (such as Rightmove, ESPC etc.).

With Yopa, you can choose either a buy now, pay later scheme or the no sale no fee option. However, you're tied into a minimum of ten months of advertising with them, and you will still be forced to pay the fees if you back out of the sale. They'll also charge extra if you want a Yopa agent to manage and attend the viewings with potential buyers.

You can read our Yopa review here

Strike

Strike Estate Agents Strike offers a free service option that covers an in-person valuation, photos, floorplans, a 'for sale’ sign, adverts on Rightmove and Zoopla, and support on negotiation through to completion.

Whilst this completely free service looks like a good deal, there is a catch. You will have to host viewings yourself, which could take up a lot of your time, or you can pay extra for an agent to attend. You will also need to pay additional charges if you'd like to add videos to the portal ads.

Strike also don't currently cover all areas of England, so you'll need to check if they operate in your area.

You can read our Strike review here

eSale

eSale eSale offers a very customisable service for selling your property. You can add features and services to your basket to customise the process you'll go through.

The standard price covers the valuations, photos, floorplans and property description. However, if you want extras such as accompanied viewings, an EPC, videos on Rightmove or virtual tours, you will need to pay extra charges like you would with other providers.

eSale also doesn't offer a strictly no sale no fee service — they do ask for a small fee upfront (£99) and then a larger sum on completion of the purchase, which could work out less than other agents if you do your research.

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How much are typical estate agent fees?

Most high street agents charge a standard fee of 1.5%, but this can range as low as 0.75% to as high as 3%. Online agents on the other hand, usually charge a flat fee rather than a percentage, ranging from ‘Free’ to around £1500. However, you may end up paying more once you bundle in other services, like assisted house viewings. These services are included within the price of a high street agent, but are optional extras with most online or hybrid agents. Remember, it’s always worth negotiating or setting a sliding scale for fees where you can.

Do traditional high street agents offer no sale no fee?

Many high street agents will offer a no sale no fee contract. Always check the rate the agent offers for their commission so you know that you're getting the best deal possible with the fee you'll pay on completion.

You can compare estate agent fees and performance here

Should I use a no sale no fee estate agent?

Ultimately, it depends on what percentage the estate agent will be taking after the sale. You should get the best deal possible for selling your home, and if a no sale no fee option has the best possible terms, then go for it. However, while the stated rates may be reasonable there may be hidden aspects you need to consider.

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What's the catch with no sale no fee agreements?

Such good deals can't be all good, can they? So what's the catch for no sale no fee estate agents?

Usually, the catch is that the fee you'll pay on completion of the sale is a much higher percentage than if you paid upfront or a buy now, pay later option. As a result, estate agents can charge a premium for the attractive offer of no upfront costs and fees unless the property sells.

It's also important to remember that there usually is a minimum contract term with a no sale no fee agreement. So even if you don't sell and you don't owe the agent anything, you'll likely be contracted to advertise with that agent only for a set amount of time. This means you could be left sitting on the open market for ten months or so, with no guarantee of a sale.

Do I have to pay to leave a no sale no fee contract?

Yes you may have to pay the estate agent if you leave your no sale no fee contract. If you choose to walk away from the sale for any reason, you may have to pay the estate agent back for the costs they have incurred so far. For example, you might pay for:

  • The marketing
  • Photography
  • Surveys

Depending on how far the sale has gone. These are costs the agent will not be able to recoup now that you are choosing not to sell the property.

You may be charged some or all of the estate agent's commission fee depending on whether or not your contract contained a 'ready, willing and able purchaser' clause. This would mean that you'd still owe the estate agent their fee for finding a buyer, even though you are withdrawing from the sale.

Is there a way to sell your house for free?

Selling your home will never be completely free, as you'll likely need to pay for surveys or legal support at some point in the process. That said, you can get out of paying estate agent fees if you find a buyer yourself. If you advertise the property independently, you won't pay commission to anyone, and you'll be able to keep more of the profit in your pocket. You can see the pros and cons of selling without an estate agent in our guide.

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