Selling your house online. Estate agent contracts what to watch for. What price should I sell my house for? Please send me the HOA newsletter! I have watched the video on finding a suitable Estate agent — but there are ways that they find to get around these tips. I have had Estate agents come round and put a valuation on my property — without considering the area or the condition of the house.
Their valuation was the same as properties that were in poor condition in a much lower standard area. I discovered that they were quoting the same blanket valuation to all houses no matter where the houses were situated. I have had Estate agents come around and advise that I put my property up of rent rather than sell. While another agent will give a low valuation on properties just to hand them over to colleagues in the rental markets, or to sell to property developers.
To be quite honest — there is not one Estate Agent that I feel that I can trust. Thanks for the tips in watching out for the real estate agent traps. Some really great and detailed information here, thanks. Me Lily khan. This is the nice article for choosing estate agent.
The article will help us more. Thank you. Hi, nice article — choosing an estate agent is quite a difficult task and can depend on where you live, I have noticed a great deal of agents popping up in our area which are offering crazy prices, this makes you wonder if they will put a much effort into trying to sell your property as they would with the higher value ones.
Something also to consider is if they are with Rightmove and any other portals which can help get awareness for your property. Great article. This checklist was really useful! Ended up going with Autograph Estate Agents.
They ticked a lot of the boxes and had a great energy. Quality agents will argue that this is where the bulk of the hard work goes. Most agents can put up a board and place the property on various websites etc. Effecting a sale is the easy part, getting it to contract not so. Can I afford to buy a home?
Should I sell my home before buying a new one? How to buy and sell at the same time The hidden costs of buying and owning a home What is gazumping and how to avoid it Rightmove, Zoopla and the rest: which is best? See more advice guides How to finance your new home How much can I afford? Do I need a mortgage broker? Gifted deposits explained What type of mortgage should I get? How long does it take to get a mortgage? All sellers should feel free to negotiate the fee, but understand that it often creates a false economy.
Henry Pryor recommends choosing an estate agent based on their reputation rather than the fee they charge. Offers for property go up in thousands rather than hundreds of pounds, so a good estate agent should more than cover their costs.
A good estate agent might achieve 10 per cent more for your property than an average estate agent, whilst a bad estate agent might achieve 10 per cent less. That could mean a 20 per cent difference in the selling price of your home, so it is not worth getting side-tracked about the fee. If negotiating on a percentage fee, you could agree a lower percentage below a reasonable price level - and a higher one above that if the agent exceeds expectations.
Or offer the agent a fixed sum bonus above a certain price, but remember to check this isn't bumping up the percentage above what you'd normally pay. Pryor replies: You want your estate agent to be motivated to sell your home and the best way to incentivise them is by paying them more rather than less.
By the very fact you are paying an agent a percentage of the sale price, the higher the fee the more they earn, so this will incentivise them to achieve the highest possible price. You could offer a bonus if they achieve a certain amount, perhaps offering them this if they achieve the asking price or above for example.
Pryor replies: One must remember that agents like Purplebricks and Yopa, who offer a fixed fee, demand this sum upfront, or in the future, whether or not the property is sold. Yopa and Purplebricks both have local property experts, who act as your agent. If you are considering using an online agent, such as this, weigh up how good you think their local property expert is and ask if they will be doing all viewings.
Statistically only half the properties that go on the market actually end up selling. Both Purplebricks and Yopa claim to have a higher success rate but I am not aware that either has ever proved it. This means you only have to pay the estate agent when you sell the property. Pryor says you want an agent who can negotiate a better price rather than just somebody who is taking bids over the phone. Think about local agents that you have viewed properties with and how you would rate them.
Have they been helpful in setting up viewings, sent good people to do the viewings, explained what you need to know about properties and their attributes, and followed up to get proper feedback after viewings. Pryor replies: The easiest way is to talk to other people who have used them before. Ask if the agent has delivered on their promises and whether they would recommend them.
Word of mouth is really powerful and very difficult for agents to circumvent. Pryor replies: Choose an agent who is going to negotiate on your behalf but above all who is not just going to list your property on an online portal and then sit back and do nothing.
Look at an agent's online listings and their presentation. Will they make your home look good but not overstate it with wide angle lens photography tricks. Ask an agent what they will do to get potential buyers viewing your property, other thank just waitiung for internet enquiries. If you choose a bad estate agent, the chances are they will just slap it on Rightmove or Zoopla and rely on interest to arise from that.
You want an agent who uses clever marketing techniques, so your home is seen by buyers ahead of other properties in your neighbourhood. You want an agent who can negotiate a better price rather than just somebody who is taking bids over the phone. Pryor replies: Always check the terms in the contract. Some links in this article may be affiliate links.
If you click on them we may earn a small commission. Financial Services Limited is a wholly-owned subsidiary of Which? Limited and part of the Which? Money Compare is a trading name of Which? Money Compare content is hosted by Which? Limited on behalf of Which? Mortgage calculators. Compare Mortgages. In this article. Coronavirus COVID home-buying update Researching estate agents Video: top 5 things to think about when choosing an estate agent Choosing the best estate agent Online portals.
Beware of overvaluations What do estate agents say about overvaluations? Property valuations: what to ask each estate agent Compare your local estate agents. Coronavirus COVID home-buying update Different parts of the UK have been placed under varying restrictions in recent months, and in some cases this has affected the property market. Visit the following articles to find out more: Can you move home during the coronavirus lockdown?
How has the coronavirus affected house prices? How to apply for a mortgage payment holiday For the latest updates and advice, visit the Which? Questions to ask the estate agent. Download our checklist so you ask everything you need to before choosing an agent.
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