Industry experts have pointed out that some homeowners who want to sell their properties and want to try and recoup some of the money lost through falling property prices could actually benefit financially by selling their home online rather than through the traditional and expensive route of using an estate agent. This could be especially beneficial given that estate agents have reported that their sales have slumped to an average of less than one property per week.
These days selling your home through an estate agent could mean having your home left unsold on estate agents’ books for ages, and when it does eventually sell having to pay thousands of pounds in commission even though the value of the home may have fallen between when you put it on the market and when it actually sold. However, by selling online homeowners could save themselves a small fortune and enjoy having greater control over the sale of the home.
One industry expert stated: ‘The agent doesn’t really need to be there. For marketing and negotiating the sale of the average £400,000 London home, estate agents would charge nearly £10,000 in needless commission. If you cut out the middle man you can save yourself thousands.’
He added: ‘Going it alone can actually save you time. With our website you can create an advert from start to finish in under an hour – and it’s really simple. Estate agents are only expensive because they carry high overheads for things like high street offices, staff wages and running costs. We don’t have all that because we aim simply to put “person A” in touch with “person B”, eliminating the need for the expensive and unnecessary third party.’
Related Posts
As many news reports have shown the number of properties being sold in the UK has plunged over recent months, and homeowners that are looking to sell up are suffering real problems. Many people cannot get a mortgage to purchase a property at present because of the tighter credit conditions, and many others do not want to buy a property at a time when house prices are still falling for fear that they could be plunged into negative equity.»

A man has decided to sue an estate agent over the £2.9 million sale of his property. The man, Barry McKay, claims that he was tricked into selling the property to the one person that he did not want to purchase it. He claims that he told the estate agent that he did not want the property to be sold to property tycoon, John Morris, but that the estate agent still sold the property to Morris without telling McKay.»

According to recently released reports many of the estate agents in the London area have been selling an average of less than one property per month, as the housing downturn continues its downward spiral. »

According to industry professionals many homeowners with their properties up for sale are now struggling to actually find a buyer for their home because they are refusing to be flexible on price. A flurry of homeowners are trying to sell up before the property price fall that has been predicted comes to fruition, but because they are being stubborn on their asking prices overstretched buyers are struggling to afford to buy. This is resulting in longer timescales when it comes to selling homes, and more properties clogging up estate agency books.»

The Office of Fair Trading has recently announced that it plans to bring in measures that could make it easier for homeowners to sell their own properties rather than having to go through estate agents and pay extortionate fees.»

Leave a comment