Who are Tepilo and what are their pros and cons? An estate agent founded in 2009.
Tepilo is an online estate agents who claim they have redesigned the property selling process around the customer. They say that they charge a fraction of the cost to help you sell quickly and for the best possible price. On average, Tepilo say that they find a buyer in under 60 days, save customers £5,120 in fees, and achieve 98% of the last advertised price.
They have an experienced team to help you at each step of selling, including valuers, negotiators, and sales progressors. You even have your own dedicated negotiator and sales progressor through the whole journey until completion.
There are a few steps in order to sell through the online estate agent Tepilo, and we've detailed them all below:
You can either create your property listing yourself or ask Tepilo to. They will send one of their local agents to visit and verify your home. They can also take photos, draw up floor plans and produce an EPC. The listing goes live on all major property sale websites such as Rightmove and Zoopla.
Potential buyers can book viewings for your home online, once you've said what your availability is. Tepilo then asks for feedback after the viewing, which is passed on to you.
Tepilo will run checks on anyone who makes an offer to ensure they have the funds in place and are ready to move. They can help you with advice once you're made an offer.
Tepilo work on keeping the property chain in tact by communicating with solicitors and agents throughout the chain.
The final step is exchanging and completing, which Tepilo will help you through.
Tepilo charge £895 for their classic package. This includes:
Ads on Rightmove, Zoopla and Prime Location
Home verification visit
Legal set up
house repayments advice
Watch out for Tepilo's extra charges - they're hidden within their FAQ drop-downs underneath the classic package. They offer a Viewings Package for an extra £360 where they can manage and host your viewings. Unfortunately, Tepilo don't offer a no-sale, no-fee option like some of their competitors. They do allow you to pay on completion or 10 months after completion, whichever is first.
EPC is an extra, at a cost of £90. They claim this is because some people already have a valid EPC.
Solicitor fees are not included. The base fee for their conveyancers is £699 plus disbursements plus VAT. However, if you are on their pay-later package, and choose not to use their conveyancers, there is a £360 surcharge to opt out of this service.
Below are Tepilo's ratings on a popular review platform:
|Platform||Reviews||Rating||3 Stars & under|
Reviews correct as of 29/11/2019
|✔ Decent reviews on Trustpilot||✖ Unless you pay extra, you hold the viewings yourself|
|✔ Fixed selling fee; if your home is of higher value it can pay off||✖ Sneaky with extra costs; if you're on their pay later package and choose not to use their conveyancers (costing £699 + disbursements + VAT), there is a £360 surcharge to opt out|
|✔ Flexible payment options||✖ Their social channels and blog haven't been updated recently, suggesting inactivity|
At The Property Buying Company, we can buy your home with cash in as little as 7 days. We don't have any fees, whether visible or hidden and can even provide you with a solicitor at no charge. With us, you don't have the hassle of messages from potential buyers or holding multiple viewings.
We are highly rated on Trustpilot, and are regulated by The National Association Of Property Buyers and The Property Ombudsman. Getting a quote with us is easy, and we can buy your property in a timescale to suit you. If you're looking at selling through Tepilo, why not get a cash offer from us too?