'What everybody ought to know about estate agents fees and why No Sale No Fee = No Sense' Report Released

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The report examines why estate agents charge such high fees and why a fairer, less expensive model is now possible. The report's aim is to shake up the estate agency industry in the UK and inform people why it's now possible to sell their house for thousands less than they're currently being charged. The internet and dominance of Rightmove are just two of the factors that are evolving the UK's property market.

Property specialists Dominic James have this week released a new report that explains why estate agents charge such high fees, and shows why a new, fairer model is possible that saves sellers thousands. The report is expected to shake up the way people sell houses and force the UK estate agency industry to evolve from its dated and expensive 'No Sale No Fee' model.

It's only recently that the circumstances have been right to change the way people sell their homes. The popularity of the internet and Rightmove's dominance of the online property market are just two of the factors that have made Dominic James' new model possible.

"For years expensive high street estate agents have been the place to find buyers," said Dominic James consultant Ian Stuart, "But now a new model exists that doesn't require estate agents for finding buyers. We've realised and accepted that the role of the estate agent has to evolve."

The report has been released as part of the launch of Dominic James' new approach to estate agency, and to educate sellers on why the existing model is dated and flawed. Dominic James' model is unique in that it utilizes Rightmove's massive audience of buyers and charges a flat fee, rather than the industry's usual percentage of a property's value.

Supermarket chain Tesco recently shone the media's spotlight on the growing popularity of internet property sales. Their first venture Tescopropertymarket.com had to be withdrawn because it was deemed, by the Office of Fair Trading, to be conducting estate agency work without providing estate agency services, which would put them in breach of the Estate Agents Act 1979.

Tesco are, however, undeterred as they understand there is a golden opportunity to overhaul the current outmoded and expensive method of selling homes in this country. They also understand that their previous model was unworkable without being able to list properties on Rightmove, but their recent application to Rightmove has been denied so they will have to seriously re-think their strategy.

Dominic James can get properties listed on Rightmove and their model combines the expertise of an estate agency with the low cost of an internet sale, allowing sellers to save thousands compared with other high street agents.

The report can be downloaded for free from Dominic James' website ( http://www.domjam.co.uk ) and it's anticipated to make people think twice about how they sell their property, and redefine the estate agency model.

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