Tepilo is the latest online estate agency to introduce an option for sellers to pay after a sale is completed, instead of up-front.
The agency, founded and led by TV property expert Sarah Beeny, has revised its fee structure to offer vendors two options.
The first, which retains an upfront payment of £495 including VAT, includes a visit to the property by a Tepilo representative, a memo of sale, sales progression, account management, and listing of the property on Rightmove and Zoopla.
In addition to this upfront flat fee, vendors have to pay additional sums for additional services - these include another £75 for a premium listing on Rightmove, £60 for a Tepilo For Sale board, £120 for professional photography, £75 for a floor plan and £90 each for a virtual tour and the compulsory EPC.
If a buyer using the first option took on all of the additional extras, the total fee would be £1,005.
The second option - introduced this week by the agency - is for a £795 including VAT ‘Pay Later’ package. This includes all of the basic and additional features from the first option but without the virtual tour and the compulsory EPC; if these were included, the total would be £975.
A note to users of the Pay Later option says this package “allows you to sign up today and pay nothing in advance” and adds: “You will pay £795 inclusive of VAT either on completion of your property sale or six months from the agreement, whichever comes first.”