If you’re thinking of selling your home you’ve probably sought out help from an experienced local estate agent. Before you commit to an agency, it’s important to ask some savvy questions first…
Estate agents charge a fee for selling your home. This can vary dramatically from agency to agency so ALWAYS ask. The fee could be anything from 0.75% to 3.5% of the overall selling price, but don’t be afraid to haggle.
The HomeOwners Alliance have published a handy guide, How much should I pay the estate agent? to help you understand agency fees and contracts.
Hidden costs are always unwelcome, especially when selling your home. Confusion and uncertainty surrounding fees and unexpected costs is often cited as one of the number one causes of stress for people during the sales process.
Be sure to ask if their fees include photos, floorplans and for sale boards. All of the little extras can quickly add up and dramatically increase the overall cost of sale for you.
If you’re working with a larger agency you might run the risk of being passed from contact to contact every time you call for an update. Not only can this be incredibly frustrating, but it’s time-consuming too. Find out who is to be your primary contact and how and when you can get in touch with them. Ask for a list of contact numbers, emails and even opening times.
Long gone are the days when property buyers relied on window shopping when looking for their new homes. Today, the majority of property searches are carried out online on property portals.
Where will your property be promoted? Which property portals will your estate agent use? Rightmove? Zoopla? OnTheMarket? Be clear on how, where and when your property will be marketed from the outset.
There are several types of contractual arrangements, including sole selling rights; ready, willing and able purchaser; sole agency, and multi-agency. Each has its pros and cons. Never enter into a contract until you’re 100% confident that it’s the right choice for you. If you’re unsure about anything in your contract, ask your estate agent to explain each clause.
Remember: An experienced agency will never pressure you into signing a contract. If you feel as though you are being rushed into signing an agreement, walk away and look for a different agency.
At Weale and Hitchen, we welcome any questions concerning our sales process. Get in touch with your local branch today for a friendly informal chat or to arrange your FREE property valuation.
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