Do you pay YOPA if you don't sell?

Do I have to pay the Yopa fee if an offer falls through? No, if you choose No Sale, No Fee you only pay upon completion of sale.

How do I get out of my YOPA contract?

7.1 You may be entitled to cancel this Agreement at any time within 14 calendar days of the Agreement Date, which is the date you accepted the terms and conditions (the "Cancellation Period") by sending us your decision in a clear statement by email at [email protected] or contacting us by phone on 0333 305 0202.

Do estate agents charge if you decide not to sell?

Yes, it's perfectly legal for an estate agent to charge a withdrawal fee but, again, they have to be upfront about it before you agree to use their services. Check and double-check the contract before you sign.

Do you have to use YOPA solicitors?

Legally, you don't have to use a conveyancer or a solicitor to transfer property. That being said, not using legal representation will severely limit your move unless you have documented training in land transfers and the process surrounding it.

What happens if Purple Bricks don't sell your house?

It is worth noting, however, that if Purple Bricks do not sell after ten months, they will continue to market the property for you until it is sold (i.e. completed). You will still be required to pay their set fee, but they will continue to provide their services at no additional cost.

What is the 'no sale, no fee' estate agent model?

Do you have to pay Purplebricks even if you don't sell?

With Purple Bricks, you have to pay their fee even if they don't sell your house for you. Purple Bricks do not work on a 'no sale, no fee' basis like most estate agents. This means, unlike traditional sales, the vendor still has to pay fees, regardless of whether the house sells.

Do you have to pay Purplebricks if they don't sell?

If you decided to pay later and your property still hasn't sold after ten months, you will, at this point, need to pay the total fee but we will still market the property for you until it has sold.

Can I leave YOPA?

If you decide not to sell while it's listed on Yopa, we'll simply remove it from the property listings sites. If you select Pay Now or Pay Later, this will still be payable. We do not offer refunds if you decide to cancel your listing.

Is YOPA the same as Purplebricks?

Yopa, with deep pockets themselves, are directly challenging Purplebricks, although it could be said that their strategy is rather similar. They do offer more flexibile pricing, and are marginally cheaper, but these days, not by much.

What does YOPA stand for?

YOPA, standing for 'Your Property Agent', is a major online estate agent you're only likely to hear more of in the future.

What happens if a seller decides not to sell?

And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract. A judge could order the seller to sign over a deed and complete the sale anyway. “The buyer could sue for damages, but usually, they sue for the property,” Schorr says.

Can I take my house off the market after accepting an offer?

Yes. You can and should ask for a house to be taken off the market and for any future viewings to be cancelled as a condition of your offer on the house, or after the offer has been accepted.

Do estate agents have to tell you why a sale fell through?

Not withhold important information

And where information is given to potential buyers or their representatives, it must be accurate and not misleading. And, if a number of sales have fallen down on a property, then the estate agent should reveal why previous sales fell through.

Who owns YOPA?

Daniel Attia, David Jacobs, and Alistair and Andrew Barclay founded YOPA September 1, 2015. Its headquarters is in London in the United Kingdom.

Is YOPA a TPO member?

We are a member of The Property Ombudsman scheme and follow The Property Ombudsman Code of Practice for Residential Estate Agents, which is available to view on www.tpos.co.uk. We are also registered with The Property Ombudsman's Approved Estate Agents Redress Scheme.

What do you have to pay if you pull out of a house sale?

If a buyer pulls out after contracts have exchanged, the seller is entitled to keep the deposit and can also sue for both costs and any loss in value they suffer in finding a new buyer.

Is Purplebricks going under?

Purplebricks will continue as an estate agency but under the ownership of Strike. This announcement marks the end of a process started in February during which Purplebricks senior team have sought to either raise more funding or find a buyer for the estate agency.

Is it worth using an estate agent?

A good agent will know the intricacies of the local market and will be able to provide evidence of the prices and type of properties they have sold locally. They will give you professional advice on how best to reach your goals. They give you access to their market knowledge and a network of contacts looking to buy.

Does Kenny Bruce still own Purplebricks?

It's almost a decade since Purplebricks launched in spring 2014 with Kenny Bruce as sales director - two years after the company was founded. He left Purplebricks in 2019 and went on to be a founder of similarly ill-fated portal Boomin.

What does no sale no fee mean with estate agents?

Most people use a local high-street estate agent, and so the decision of how they pay is made for them, as most high streets work on a no sale, no fee basis. Commission is due once your sale completes, with nothing to pay if you don't sell. Others opt for an online agent to pay a lower, flat fee.

Can I get rid of my estate agent?

Regardless of the reasons, you are free to give your estate agents 28 days' notice, or less, depending on what your agreement states. There may have been fees incurred that you may be asked to pay, but then you are free to take your house off the market or switch to another agent.

Can I cancel my estate agent?

As standard, estate agents must give you 14 days from the date you entered the contract in which to change your mind, so if you're having doubts in the first two weeks, ending the contract should be quite straightforward.

Why not to use Purplebricks?

No 'No Sale, No Fee' Option – The lack of a 'no sale, no fee' option is another downside to using Purplebricks. You can either pay when you sign up or you can pay 10 months from then but if your house isn't sold within that time frame you can be left out of pocket.

How do I get out of a purple brick contract?

You have a legal right to change your mind about instructing Purplebricks. This is subject to some conditions, as set out below. If you want to change your mind you must let us know no later than 14 days after the day we confirm we have accepted your instruction.

Why is Purplebricks free?

Purple Bricks' free valuation is a means for the estate agency to get themselves “on the radar” of potential clients. Many estate agents will take a less “bespoke” approach to their free online valuations.