Here is a list of pro's and con's of using Estate Agents with a comparison
of doing it yourself
Estate Agent Pros. |
Estate Agent Cons |
Doing it Yourself |
Values Property for you |
May give an unrealistic value just to
get your business. Then they drop it later on. |
You can establish the value yourself
using our easy valuing your home guide and tools. You can pay
a local surveyor a modest fee (£25 plus) for a realistic
valuation. Or you can get free valuations from local agents
if you decide to market your home through them aswell as doing
it yourself. |
Gives an objective, experienced opinion
on any improvements you should make to sell the property, from
painting the gate to painting the front room magnolia |
Anyone can become an Estate Agent. There
are no qualifications. So they may not be any good at this -
even if they pretend to be. |
Ask friends for an objective opinion.
Or read our easy guide to preparing your home for sale |
Prepares property description, takes
good photos, takes measurement of the rooms |
This ain't as difficult as it sounds.
Once you've seen one set of property details you've seen them
all |
You can do it yourself with the help
of our guides. Or modify and even improve on your agents' details. |
Advertising the property in local papers.
This is a plus. They will have a page of properties in the property
section |
This is not guaranteed. There;'s only
so much space on their advert page. If you have to insist on
it, it will be very difficult to control their campaign over,
say, a several weeks. Basically you have very little control
over where they advertise |
You could advertise yourself -though
it will probably go in the back of the paper. However over 70%
of people search on the internet. It's easier for them to find
exactly what they want re rooms/ price etc. And they will quickly
see your property. |
Has High Street Shop. Will advertise
in their window |
This is not guaranteed. Again there is
only so much space. You would have to insist on it. They would
be unlikely to keep it in the window for as long as you wanted. |
You could put up a simple advert / flyer
in your local shops etc. |
Supply a For Sale board |
Might not supply one for weeks - if ever. |
Big deal. You can quickly get one from
us for only £24.95 |
Already has a list of buyer enquiries
they could match to your property. |
While this is a plus, amazingly this
is not guaranteed. Despite it being a simple admin procedure
it seems some agents may not be able to manage it. |
|
Convenience. Can conduct unattended viewings |
Don't necessarily do this and may not
show up - as a result of simple inefficiency that agents are
renowned for. This will seriously put off potential buyers.
Also they may not be as good as you at describing the best features. |
If you are stuck at work then most other
people are too. So evening or weekend viewings are the norm.
Otherwise you could revert to friends, relatives, neighbours.
Or if you are using an agent anyway you could strike a deal
with them to do the viewing. - in writing! eg a quick email. |
Deals with offers and negotiates the
sale. They are professionals and do it all the time |
They often don't get back to people.
They are not available or responsive. They are dealing with
many other properties. Buyers will usually be looking at more
than one property and will be desperate to get an offer accepted
asap... |
Negotiating is not as difficult as it
may sound. Our simple guide teaches all you need to know. And
you will be unlikely not to respond promptly to interest from
buyers. To sell a property takes a lot of to'ing and fro'ing.
Otherwise it can get bogged down and the buyer goes elsewhere |