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| The Different Ways You Can Sell Your Property |
There are two ways that you can sell your property. One way is
to use an estate agent and the other is to sell privately, which
usually involves advertising on the internet. In this article
we'll look at the two options to help you decide which one you'd
rather take.
Using an Estate Agent to Sell Your Property
Selling a property with the help of an estate agent is the
traditional route. In fact it is so established that many people
don't even know that there is an alternative.
If you use an estate agent to help sell your |
property they will
normally do the following things:
* Prepare the property particulars and photographs * Promoting
your property to potential buyers on their lists * Arranging
viewings with potential buyers * Handling enquiries * Helping to
negotiate the offer price
However, Estate agents usually charge a hefty sales commission
of between 1.5% to 4%, plus VAT.
This means that on a £250,000 property where the sales
commission is 2.5% you would have to pay £6,250 sales commission
plus £1,094 in VAT.
The other |
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problem with using an estate agent is that ultimately
they are only really interested in making their sales
commission. This means that they might try and persuade you to
accept an offer that you don't really want to, simply to secure
the commission.
Selling Property Privately
An increasing number of people are starting to sell their
property privately to avoid having to pay agents' sales
commissions. And with 70% of people searching for property to
buy online, this can make a lot of sense.
Many online private property |
sales sites are now offering
similar services to estate agents (such as taking photographs,
preparing an online advert for you and handling enquiries)
without asking for a sales commission.
Selling property privately can save you thousands of pounds and
the stress of working with an estate agent.
About the author:
Property for me.co.uk (http://www.propertyforme.co.uk) is a
private sales site covering the whole of the UK designed to help
you save money in estate agents commission fees.
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