List it yourself or appoint an agent? An owner's two options
An owner can post a listing and deal with buyers or tenants directly, or appoint an estate agent to market the property and arrange viewings. The two approaches differ in time, commission, and who is responsible for verifying information and handling the paperwork.
Listing it yourself
An owner who lists without an agent prepares the photos and details, answers enquiries, arranges viewings and negotiates the terms. The advantages are that there is no seller's or landlord's commission to pay, and that you learn directly what the other party needs.
Before signing, a solicitor should still handle the agreement for sale and purchase. For a tenancy, you can use a standard tenancy agreement template, then deal with the stamp duty and Form CR109 after signing.
Appointing an estate agent
An estate agent can market the property, screen enquiries, arrange viewings and help with negotiation. On appointment, the two sides sign an estate agency agreement that sets out the agent's duties, the commission and the period of the appointment.
An owner can appoint several agencies, or only one for a stated period (sole agency). Before signing, check carefully in what circumstances the commission is payable.
How do you choose?
An owner with plenty of time who knows the district the property is in can save the commission by listing without an agent. An owner who lives away from the property, has no time to arrange viewings, or wants to reach more buyers will save time by appointing an agent. The two approaches can be used together.
| Consideration | Listing it yourself | Appointing an agent |
|---|---|---|
| Commission | None to pay | Paid as agreed |
| Time | You answer enquiries and arrange viewings | The agent arranges them |
| Paperwork | You arrange the solicitor and forms | The agent helps prepare them |
Common questions
Is it legal for an owner to list without an agent?
Yes. An owner does not need an estate agent licence to sell or let their own property. The licensing requirement applies to people who handle property transactions for others and receive commission.
How much is an agent's commission?
There is no statutory rate of commission. It is agreed between the client and the agent, and the estate agency agreement states the amount and the conditions for payment.