Selling Your Home Without An Estate Agent - Image 1

Selling Your Home Without An Estate Agent

Posted on: 18/05/2021

Selling your property can make anyone go crazy. From the hassles of keeping your place in tip top condition for all the viewings, putting your property online for all to nose at, having to have for sale signs outside your house and to the never ending procession of viewers coming into your property, amongst whom can be several time wasters . But why do we let this happen? There may be a better way: sell without an estate agent and save some sanity in the meantime.

It may seem too difficult to many people to sell their properties without an estate agent. So many people choose traditional sale methods such as agents for their homes; as in their minds this this will save them from dealing with pricing issues or other uncertainties when trying to market their places. But there are other ways of selling with an estate agent.

Selling Your Property Privately by Direct Marketing

In recent years, we have seen more progress in technology and innovation than ever before, which seems to make selling property that much simpler. The result is that some sellers try to sell properties privately themselves through online sites. But when it comes down to selling your home privately, there are several things you may need to know about navigating through this complicated process especially if you have limited selling of property experience under your belt.

The real estate industry is complex, and if you don't know how it works before listing your home, this can be a costly mistake. One of the main benefits of selling directly yourself without an estate agent is that there are no estate agent fees to worry about. However it is worth noting that the costs of conveyancing would still apply, and any legal or other associated expenses that may arise during the process.

Most people trying to sell their homes themselves without an estate agent are forced to learn quickly about all the finer details of online property sites and how to market effectively. They need to create quality pictures for potential buyers and produce enticing but not misleading descriptions of their properties. And thereafter they need to deal with the viewers direct, including waiting around for no shows and dealing with the sometimes awkward offers conversations. Likewise they then have to keep on top of the lawyers and buyers toes to keep the transaction moving forwards.

The process of selling your home yourself without an agent can leave you feeling more than a little exhausted. The stress levels are enough to make the agency fee seem like a bargain. However, fear not. There are further ways to sell your house without an estate agent.

Property Auctions

Some sellers also try to sell at property auctions. One of the reasons that real estate auctions are so appealing to some is because they happen quite quickly compared to using an estate agent. That said, it is not the quickest method as auctions generally take place only every 2 or 3 months.

But those who choose this route might come to see that it is upmarket houses which seem to do well at auctions, whilst normal semi-detached or terraced homes often sell for far less than their owners had hoped.

Furthermore there is no guarantee that your property will actually sell at the auction. It may not meet your reserve price or may not get any bids at all.

Finally, when you put your home up for auction, the seller is still responsible for paying the auctioneer's fees. Fees will still apply even if you do not sell.

Quick Buying Companies

There is a new trend on the rise in the property industry. Instead of going through an estate agent, many people have been turning to quick buying companies to sell quickly, sometimes in as little as 7 days. This means sellers save money by not paying commissions while benefiting from a company that understands every aspect of transactions - without having to do it anything themselves.

If you're looking for a quick sale on your home and want to avoid shady brokers, these companies can purchase very quickly. They buy properties outright at competitive rates, so you don't have to worry about the property's location or condition and they' take care of everything in just one week.

The old-fashioned way of selling a home is becoming outdated in the fast-paced world today. With all these new and creative ways to market your home, it can be hard for an agent to keep up with what's trending right now.

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