What "No Fees" really means

The phrase “no fees” is widely used in fast property sales — and often misunderstood. In some cases, it reflects a genuine benefit of selling to a true cash buyer. In others, it masks a very different underlying cost structure. Understanding the difference matters.

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Why “no fees” makes sense with genuine cash buyers

With a genuine cash buying company, “no fees” is usually legitimate.

That is because the buyer is using its own capital, taking on the resale risk, and absorbing costs that would normally sit with the seller.

From experience, most genuine cash buyers will:

  • Cover the seller’s legal fees (often capped at a reasonable level)

  • Pay for surveys and due diligence

  • Remove the need for estate agency fees

  • Eliminate pre-sale repair or presentation costs

  • Avoid marketing, photography, and listing expenses

These costs are absorbed to speed up the process and increase certainty.

How this differs from a traditional sale

In a traditional open-market sale, sellers usually pay estate agency fees, buyers pay for surveys, and sellers often incur costs for repairs, presentation, and marketing.

Completion timelines are uncertain and deals can fall through.

By contrast, with a genuine cash buyer there is no agent fee, no marketing period, no upfront repair spend, and fewer moving parts.

These are real, tangible benefits — not marketing spin.

FactorCash-buying companyEstate agentAuction
Typical proceeds75–85% of market valueClose to full market value (minus fees)Variable — reserve plus hammer price
Typical timeline7–28 daysabout 5–6 months (≈25 weeks)~6–10 weeks (incl. 28-day completion)
Sale falls through?Very lowroughly 25–35% (about 1 in 3)around 15%
Fees to youUsually none — buyer covers legalsAgent commission (~1–2%+VAT), legal, EPCAuction/entry fees, legal pack

Sources: Propertymark; TwentyCi; Rightmove; Zoopla; HM Land Registry / ONS UK House Price Index. Verified June 2026.

Where the cost actually sits in a genuine cash sale

This does not mean the transaction is cost-free.

Instead, the buyer covers the costs upfront, prices them into the offer, and accepts the risk that resale may underperform.

If the buyer gets it wrong, the loss sits with them — not the seller.

This is why “no fees” can be entirely fair when the buyer is genuinely completing the purchase themselves.

Who actually pays in option-led models

In option-based arrangements, the operator carries limited risk, costs are covered from an inflated fee, and the seller ultimately pays through a lower net outcome.

Even though the language is “no fees”, the seller is effectively paying far more than they would for a normal estate agent — for a service that could often cost much less on the open market.

The key distinction sellers should understand

A genuine cash buyer:

  • Covers costs to speed things up

  • Takes on resale risk

  • Loses money if the deal underperforms

An option-led operator:

  • Covers costs using an inflated fee

  • Minimises its own risk

  • Passes the downside back to the seller

Both may say “no fees”, but only one is actually absorbing the cost.

How to interpret “no fees” properly

Rather than asking “Are there any fees?”, a better question is “Who is actually paying for the costs — and who carries the risk if things go wrong?”

That answer tells you far more than the headline wording.

Questions to ask when “no fees” is mentioned

When a buyer says “no fees”, it is reasonable to ask:

  • Who is paying the legal costs, and is there a cap?

  • Who pays for surveys and due diligence?

  • Are you buying the property directly, or finding another buyer?

  • Is there an option agreement involved?

  • Who loses if the resale price is lower than expected?

Clear answers usually reveal whether “no fees” reflects genuine risk transfer or clever wording.

Rule of thumb

“No fees” is fair when the buyer is genuinely absorbing the cost and the risk.
It is misleading when the cost is simply hidden inside an inflated fee.
The difference lies in who ultimately loses if the deal underperforms.

Before you go — one honest number

If you’re researching a fast sale, the most useful thing to leave with is a realistic figure. Our offer tool shows what genuine cash buyers typically pay — 73–85% of open-market value — free, anonymous, and with no personal details needed.