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There are a range of options when considering to sell your home:
- HomeMarketeer
- Sole estate agent
- Multiple estate agents
- Internet agency
- On your own
The key difference is cost. HomeMarketeer is free, so it can be added to any form of selling - place your home on HomeMarketeer by clicking here. You can use one of the new internet agencies - in general these charge one flat fee (normally less than £100) for selling your home. You can utilise a single estate agent, but they can charge between 0.5% - 2.5% of the selling price of your home. The percentage typically increases if you use multiple agents. If you are to use several estate agents, pick ones that appeal to different markets - for instance - a local agent and a national one.
It is worth checking out the internet agencies (they charge about £100-£200 for advertising your home and have various additional services):
We believe that a good real estate agent can be almost worth his commission. Unfortunately, these are few and far between. Listed below are the advantages and disadvantages of using a good real estate agent:
Factor |
Estate Agent |
"Go it alone" |
Cost |
Average about 1.5% of selling price. That is £3,750 on a £250,000 home. |
Advertising will be your key cost. Use HomeMarketeer (free!) and perhaps one of the internet companies listed above. |
Evaluation |
More evaluation experience (should have comparative data at their fingertips), can be objective (apart from the commission).
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Use local newspapers and agents to discover the "going rate" for homes such as your own, overcome emotional attachment by asking friends to give honest opinions about your home.
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Advertising |
Advertise in local newspapers, on their a web site, place a board on your property (if required) and display in their showroom.
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How much are you prepared to pay on advertising? Which form will be most effective for your target buyers?
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Viewings |
Will show potential buyers round your property.
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You will need to make appointments, show potential buyers round.
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Negotiation |
Will automatically be more objective in negotiation.
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Negotiate dispassionately, try to create a win-win situation.
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Chain Management |
Some experience of some of the things that can go wrong in a chain.
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Can be quite time consuming part of the negotiation particularly if there is a long chain. A short chain can be very simple.
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