Can I Sell My House Privately Or Should I Use An Estate Agent?

How much can you save by selling without using an estate agent? Commission rates in the UK vary between about 1% and 2.25% so even a cheaper property could cost you several thousand pounds.

But if you are considering selling your house yourself there is much more to consider than simply the fact of saving the estate agent's fee. Nine out of ten people still choose to use an estate agent to sell their house, and for some very good reasons. Find out the pro's and con's of using an estate agent versus going down the private sale route.

Selling Your House Privately

• The costs of selling are much lower
• You must prepare your own sales particulars
• You arrange and pay for your own advertising - likely to cost you more than the agents will pay
• Have your own For Sale board made and erected
• No high street presence
• Personal contact with buyers - you must make your own judgement about them
• No ready pool of buyers
• Conduct your own viewings so you need to practice and perfect your own selling routine
• Can get feedback directly although viewers may be reluctant to give frank opinions about the property
• The seller handles his own negotiating with potential buyers
• Seller can keep a personal up-to-date record of progress in selling the house
Using An Estate Agent
• Commission fees of around 1.5% of the selling price
• The agent measures your house, takes photos and writes up your particulars
• Arranges and pays for the advertising - included in the fee
• Arranges to use an agent's For Sale Board
• Visibility ot potential buyers in the estate agent's high street shop window
• Vets potential buyers
• May have potential buyers for your sort of property already on the books
• Can conduct viewings for you but may not have detailed knowledge of your house
• May or may not get feedback from viewers but more likely to get frank opinions
• Receives offers on behalf of the seller and negotiates with potential buyers
• Deals with many properties so may not keep up-to-date with progress once an offer is accepted

To sell your house privately you need to have the time and commitment to deal with the selling process. You have to do the work that you would otherwise pay an estate agent to perform for you.

How would you like to save 4700 in estate agent fees by selling your house privately on the internet for less than 200? Real estate enthusiast William Bell explains what you need to do to sell your house online successfully.

Web Site - http://www.sell-my-house-privately.co.uk

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