(PRWEB UK) 8 October 2012
Industry experts have welcomed proposals designed to make it easier and cheaper for consumers to sell a property in the UK. The government recently unveiled plans designed to ‘level the playing field’ between traditional estate agents and private house sale websites.
Under the proposals, private house sale websites will be allowed to operate under separate rules which, for example, means that they won’t be obliged to check that property descriptions are accurate before listing a house for sale.
Angela Robinson from the private house sale website http://www.Tepilo.com said: "It's all about choice and it’s great that the government are recognising the need to give people a choice about how and where to sell what is generally their biggest asset.
“At Tepilo, we understand that there will always be some people who prefer to use an estate agent but for those who want to take more control, Tepilo provides a shop window and all the advice they need. We believe it's incredibly important to give our users clear and concise guidance every step of the way, so they can manage the process with confidence and safety."
The new consumer affairs minister Jo Swinson recently unveiled the Government’s plans which include amending the Estate Agents Act and repealing the Property Misdescriptions Act. Stressing the differences between estate agents and private house sale websites, she said: “These intermediaries help buyers and sellers contact each other at a low cost, but do not engage in other estate agent activities, so it is unfair to expect them to go out and check all the property details of all the sellers on their websites.”
Nick Marr, director of private house sale website http://www.TheLittleHouseCompany.com welcomed the law changes. He said: “We predict that the ‘for sale by owner sector’ will now start to grow if the web portals free up advertising to sites such as ours.
“At this time the most popular portals ranging from Rightmove and Zoopla to Globrix and Findaproperty in our opinion use the Property Misdescriptions Act to keep estate agents happy and to maintain the status quo. Repealing it would truly give consumers more choice.”
The plans aim to bring down the cost of selling a property by offering more choice to vendors. A Which? survey in 2012 found that estate agents charge an average of 1.8 per cent of the sale price of a property as their fee - a £3,600 bill for selling a £200,000 home. Selling a property online through a private sales website costs a fraction of this amount.
James Middleton, Managing Director of private house sale website http://lokstok.co.uk comments: "The proposed new rules will be beneficial because the parties to a property sale will have more freedom, control and responsibility for the process. At present the market is dominated by estate agents with a lot of red tape and property sellers incurring substantial costs."
The National Private House Sales Association (NPHSA) is a non profit organisation that aims to bring together the UK’s private house sales sector and to represent the views of its members with a single voice.
The main functions of the organisation include representing the private house sales housing sector in the UK, assisting consumers with private house buying and selling and liaising with the media concerning the private house sales sector. We also mediate between consumers and private house sale business to help resolve disputes.