SELLING THROUGH AN AGENT: WHAT HOMEOWNERS NEED TO KNOW
House Tree
Provident House, Burrell Row Beckenham, BR3 1AT 0207 0604674
The main motivation in deciding to sell personally or privately is the money homeowners will save in fees. While there is nothing wrong with this option, it is best for sellers to be honest with themselves in tackling all the responsibility. Having the time, knowledge, confidence and personality to do it alone are important in the success of the selling process. Pros of Using an Agent When selling a property, hiring estate agents can be a practical choice. This
is
because
they
offer
local
knowledge, personal advice and service, and have good negotiating skills. They may
also
have
shops
for
window
advertising and may hold a list of people interested in certain types of houses. Estate
agents
can
also
arrange
viewings, handle enquiries, and prepare details
of
the
property
with
photographs. The Issue with Money The biggest concern for most sellers is the amount of fees the agent will charge. Property owners can benefit from asking three different companies for a free valuation and quote to make a better and informed decision. Homeowners also need to pay attention to the type of contract the agent is offering and the asking price they would propose for the home. The Agent’s Commission Estate agents calculate fees or commission as a percentage of the selling price of the house. This usually depends on whether homeowners choose one agent or many. Sole agency may charge one to two per cent, while multiple agencies may charge a minimum of two per cent. Some agents may also offer a deducted service at a fixed price.
The Rise of Online Agents There are now a growing number of estate agents who operate their business on the Internet. Online estate agents offer the same services as traditional agents, but with far fewer expenses. It is also common for them to charge a much lower commission or a fixed fee.
Selling through an estate agent has advantages, but it is still important to weigh the pros and cons. choosing a reliable agent is essential to make sure that homeowners will like the way agents market the property. Looking at agency websites and getting recommendations from other people who know the business can help homeowners as they pick the right one.
RESOURCES: https://www.housetree.co.uk/ http://hoa.org.uk/advice/guides-for-homeowners/i-am-selling/how-much-should-i-paythe-estate-agent/ http://www.thisismoney.co.uk/money/mortgageshome/article-2588862/How-betterdeal-estate-agents-sell-house.html
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