An assumption maybe made by the property seller to sell their property online, to avoid paying huge fees, that estate agents charge. You could have arrived on this site merely by chance. Entering in terminology such as ‘sale of private property’ or ‘selling a house online?
Are there any benefits to selling online? Does the seller avoid huge amounts of money for estate agents fees. Using this traditional way of selling. Or is this really a myth and false.
High street agent fees range from 1.5.percent to 2.00 percent . Whereas online fees could be as little as £250.00 or up to £1,00.00. To use online selling, you must be aware of all the pitfalls. You must do your research carefully. The main elements are to actually achieve a sale of the property, at the right price, and within an in-exaggerated time-scale, without hassle or problems.
Getting results for selling your property using an online Estate agent
People need to view your house, in order for you to sell the property. An online agent may have been your first choice, but that may come with ‘add ons’ or ‘menu items’ hidden additions. All these are costly and add to your package. It could be with these hidden extras, to consider selling your property online via an alternative process using an estate agent. One issue, perhaps the most important , is to make sure that your property has been advertised fully on all major online sites. ‘Rightmove‘ and ‘Zoopla‘ are excellent sites to use for this purpose. Full exposure must be given, otherwise a sale will not be generated. If you are in Scotland and need to sell your house quickly, you might want to give this site a look –https://www.topcashoffer.co.uk/scotland_quick_sale.htmlyour chances of selling quickly in Scotland are greatly increased with the use of a genuine cash property buyer.
Highlighting the Estate Agent’s job
There are pros and cons for every type of selling method used . Selling online, means that potential house viewings must be sorted and the seller must be in attendance. more hassle for th seller, organising times for viewing, and negotiating with perspective buyers. The plus side for using an estate agent, means that they take control and manage these processes. So it might be back to the drawing board to consider options on ways of selling the property.
Let’s consider some advice from an estate agent.
Speaking from his office in Gateshead, Chris Fitzakerley of NGU Homesales comments ‘ People think that the job of an estate agent is quite easy. Attending viewings only, and by the wave of a magic wand the property is sold’ We can go home without further ado. This is not the case’ Chris states ‘The process is extremely time consuming and takes months of negotiations’ going back and forth between solicitors, valuers, the buyer and the seller.Nothing is simple and more is resolved, if the vendor deals directly.
‘Time is money, as they say’ and in the present climate of selling Chris says ‘We now have a service whereby vendors have to do viewings themselves, but when a buyer is found, negotiations are followed up by ourselves’ This service cost £999.00 plus vat for any property. Properties are listed on all major portals, so this amount is quite a bargain.
To sell your home online- don’t forget basic housekeeping
This means making sure your prospective property looks good. Highlight special features, and above all make sure the property is tidy and is at its best for viewings.
Is it worth selling a house on line? To Recap:
This depends on you, have you got the confidence to negotiate, market, photograph your property the necessary list of to do’s goes on. It is a very stressful process to follow, particularly when you are the one involved totally in all the procedures in the house sale.
Using an Estate Agent, if you feel that you don’t have the required skills to market your home, or the time, maybe beneficial. It could be that a professional team could be more effective in selling your property.They will do the job thoroughly, having had years of experience in the art of selling. A higher price maybe achieved.
Is it safe or risky to sell your house at auction. Selling your propery at auction can mean that you sell at a loss and don’t achieve the full market value. But it is a means of selling quickly. Is it worth loosing funds for a quick sale. How cheaply will it be sold for you. You need to think carefully before going down this route.
It really is true that the cheapest house in the UK could cost as little as a £1.00. This is a real scenario not fictional.
There are many properties throughout the United Kingdom , perhaps properties on run down housing estates , where no one wants to live anymore. Empty or other similar properties uncared for and difficult to sell that could end up at the auctioneers, to go under the hammer for a quick sale. The owners just require a quick sale . They don’t put a reserve on their property when selling under the hammer. They are quite happy to get any price for the property. Just to be clear of it.Some properties in prosperous and up market towns could sell fast but for a minimal price in the auctions.
At auction, just like on the television programme ‘under the hammer’ you might expect various parties trying to outbid each other, to purchase the property. In fact this does not happen. In reality there are no reserve . Then the property could be sold for as little as £1.00 The properties are not marketed by the auctioneers. To the auctioneers, it is just a job, selling properties listed. They are there to sell them at a highlighted time and to take their commission for doing their part in the proceedings.
The objective is to sell the house. But the owner, may not be impressed with the end result and cash sales. Unlike the new owner who will have got a great bargain. Well, let’s believe that a bargain sale could be made. It’s fair to believe that if no one else bidded more than a pound or even a few thousand something must be wrong with the property, not to have generated more interest. The property maybe cheap, but there coud be unforseen problems that need urgent attention. The purchased property may not have much going for it. A new roof maybe required, causing water water water damage throughout. The interior may need gutting and replacing. it could be situated in a run down area , where no one likes to live. But on the plus side, you must be optimistic, and it was a cheap buy. Even if it needs rebuilding, and a huge amount of money spent on it. In principal it was a cheap buy, and a bargain, coming with a few headaches.
Sales through an auctioneer can come with serious problems. it is a massive risk, one not to be taken lightly. It is a means for a fast sale. But there are other methods of successful selling. There have been many stories about house selling. One of which, tells how a homeowner raffled his house. He had sold tickets at £50.00 each. He pulled out a winning ticket, and the lucky person received a house worth £200,000 for fifty pounds.
No real work neede doing. Everyone was happy and it was done within a pre- determined time frame.
These are extreme examples of selling homes fast. But sales were achieved, and sellers were happy with the outcomes. These are extremes ways of selling not the norm. The normal way is to use an estate agent, or sell the property through a newspaper , or use a fast selling company. It all depends on which process you choose.
In the end, it depends how comfortable you are with your choice, and the timescale , how long you can wait for a sale. Differing factors influence which method of selling you use.
There is no right or wrong way of selling. You just need a result.