During tough times most people are looking to cut financial costs in any ways that they can. When buying and selling your property, you are likely to be looking for the best deals possible.
It is true that you can market or look for a house by yourself. But unless you have time to make home shopping or property listing a part-time job, an agent will probably be able to match you with the right buyer (or the perfect property if you are looking to buy) much faster and more smoothly. In this week’s post we’ve outlined the top five benefits of using an estate agent.
Increased probability of a successful sale
Best interest of both parties
High street agents only receive a commission upon sale of the property. For example, they might get 2% commission of the sale price.
Multiple listing service
Whatever estate agent you use, they will have access to more listing services than you alone. This will provide increased exposure that could lead to a sale faster than without an agent.
Marketing techniques and experience
Real estate agents know the best and most updated marketing techniques when it comes to selling homes.
Access to buyers
Real estate agents often help both buyers and sellers, therefore they have access to a network of highly qualified buyers and are likely to be meeting with potential buyers almost daily.
Showcasing your home
A professional estate agent will help to highlight the important and unique features of your home which they know buyers in the area are looking for. These might include pre-existing features or valid planning permission for non-completed works such as a rear extension.
If you choose a local estate agent who specialises in your area, they will know what other properties are available, which are selling and who to. A good agent will use this knowledge and experience to showcase your home to people most likely to buy. Remember, it is in the agent’s best interest to provide viewings to clients likely to proceed with a purchase and willing to pay the asking price or higher.
No kinks in the chain
You benefit from the middleman service included with a high street agent, which can decrease stress and time taken to sell. Often high street agents will have sales people in place to act as the ‘middleman’ after an offer is accepted. This includes mediating with the rest of the chain and any solicitors in between. An online estate agent on the other hand, cannot call a buyer’s lawyer during the negotiations stage, which can slow down the process.
Reduced stress and peace of mind
A professionally organised process
Most buyers and sellers want the process to be professional so that the transaction is as smooth as possible. Working with a professional estate agents will help to put both you and your buyer at ease.
Protection against fraud
A high street agent will ‘vet’ both parties and gain an insight into how serious the potential buyer is. High-street agents tend to check the financial background of prospective purchasers as well as details of their viewing history and invariably carry out accompanied viewings. A professional agent will be on top of the latest rules and regulations when it comes to selling homes – meaning you can leave the complicated stuff in the hands of the professionals.
They take care of marketing and the viewings
Undertaking the sale of your home alongside all of your other normal day-to-day responsibilities can be a difficult and stressful task. By using an estate agent, they will take care of marketing and facilitating viewings for you. After all, it is part of their job!
Spot potential problems
Experienced real estate agents can spot and deal with potential problems that you may not have noticed alone.
Increased likelihood of selling for the right price
As we mentioned above, your estate agent is a trained professional with lots of experience in these transactions and meetings. They will therefore help to take the emotion out of the sale and provide objective advice on every aspect of the process, as well as negotiate professionally with any buyers.
Incentive to sell at a high price
The commission your estate agent will receive upon sale of the property will be a percentage of the sale price.
Estate agents are familiar with the current markets and so they can advise you as to when to accept an offer, as well as when to go higher. You will not have to rely on word of mouth, online resources or otherwise.
Access to their professional network
You can tap into a real estate agent’s network of helpful industry professionals such as quantity surveyors and solicitors. This is helpful when determining which repairs or improvements are worth the cost in order to showcase your property and boost your chances of a high sale price.
Your estate agent will help you with the large amounts of paperwork involved in the sale of your property. They will provide guidance on what to be aware of.
No up-front costs
Commission fees are subject to the completed sale of your property. You are unlikely to find a listing service that does not require up-front payment in order to list your property for sale.
James Anderson have been specialist estate agents in South West London for nearly thirty years. They were recently awarded national recognition for the excellence of their services. If you’re looking to buy or sell a property in this area, why not go and meet the team.