More than ever before, more and more people are realizing the importance of buying houses. As such, the cost of selling is at an all-time high. Thus, one way to reduce the cost of selling your house is by selling your house through an online estate agent. While it may take a little longer to sell your home with online agencies, you may consider dealing with agencies based on budget. If the cost is one of your main priorities, you need to think about starting with a budget selling package so that you make some savings.
Today, online agents transact only five percent of estate agent house sales. Even then, this percentage is quickly rising. In fact, property analysts predict that by 2020 this percentage will have grown to 50 percent. Therefore, if you would like to save money on the sale of your house, take charge of the house selling process and enjoy the convenience of being able to attend to your issues at any time of the day then think about online estate agents.
Generally, you need to ensure you equip yourself with adequate information because some of the reputable online agents offer more than just listing your property by offering a package that lets them take control of the entire process from managing the viewings to negotiating with prospective buyers albeit for a higher fees. However, this is still far much better than high street estate agents that charge a percentage of the sale price.
If you are unsure about using online estate agents to sell your house, one of the best starting points is knowing the value of your property. We recommend you try ready steady sell for a free property valuation. You will also do well to begin by comparing online estate agents in the first instance. With the presence of dozens of agents on the internet today, it is important that you compare what each is offering before signing any agreements. From the comparison, it is likely that you will find there are more options you can go for that include the following:
- A premium fee, which takes into account any additional services that will be offered like property viewing management as well as communicating with the prospective buyers.
- A cut price, fixed fee service that include basic listing services
- A pay as you go service that allows you to list your home for sale a month at a time for a fixed fee.
- A more traditional commission based fee that you will be required to pay upon completion
Most importantly, you need to double check the services that are included in the package of your choice before signing the agreement. There are still several online agents that are a little more than a noticeboard for house sellers. Thus, theirs is to simply publish the details of your house for sale and ensure that potential buyers have your contact details.
Overall, there is not absolute wrong or right way to go when selling your home. Rather, there are advantages and disadvantages of selling a house online hence you will do well to determine which ones apply to you.
For instance, of you generally struggle finding spare time, you are probably going to require as much help selling your home. Most of the online estate agents will leave the main selling tasks to you including communication with prospective buyers, conveyancing and property viewings.
Keep in mind that while signing up with the cheapest deal possible is a sure way to save money, it is not necessarily going to sell your home fast and for the best possible price. Should you opt for this then you will require to equip yourself with thorough working knowledge of the local market as well as the process.
Ultimately, most of the time the decision to sell through an online estate agent or not boils down to cost. Selling online is a lot cheaper even through the payment must be done upfront but the potential for savings are massive, in some instances a significant percentage of the average deposit. Thus, be sure to compare all the options before choosing what works best for you.