Five reasons why online estate agents lose you money It’s a tough market, let’s face it. House prices are falling for the first time in eight years, according to Nationwide, and the Brexit effect is not helping matters. Which is why it’s never been more important to make the right decision when it comes to selling your home and not rely on online estate agents. When times are tough, it pays to keep traditional. We have lost count of the number of times clients have come to us, after an online agent failed to secure the sale of their house. Which is why we’re even offering to refund our clients their online agency fee* if we sell your property.
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Here’s five reasons why online estate agents will actually lose you money in the end: 1.
Most online agents might put up a for sale board, list on Rightmove and have en expert visit your home one time. But they leave you to handle viewings, offers and negotiations yourself. A major headache in a tricky market when price negotiation is key and missed viewings means missed pounds.
2.
Some online players charge an upfront commission fee, but once this is paid what incentive remains for them to actually get you the highest price? Are they really going to bother?
3.
Latest figures have shown that traditional agents still find a buyer for more than 80 per cent of the homes they marketed, compared to less than half of this for online agents. We have seen this ourselves, as sellers with online agents have ended up coming to us to finish the job.
4.
Online agents seem to make more effort in selling add-ons, such as insurance and surveys to their clients. We spend our time getting the best deal for the house sale instead.
5.
Local knowledge is key when it comes to setting the best asking price. We know our market inside and out; know many buyers and sellers personally, and live locally ourselves so know the area like the back of our hand. Many online agents cover a huge area, so might not give you as accurate a picture or valuation of your property. They might only give you a valuation based only on online data, rather than local knowledge. And don’t expect them to attend viewings or visit your property more than once. Don’t take the risk. Take the traditional route. Come and visit us and see for yourself. For more information see Letting Agents South East London. Pop into our Denmark Hill branch or email us at info@urbanvillagehomes.com Or Reach us @ www.urbanvillagehomes.com. Give us a call on 020 3519 9121 to find out more.