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Plan Your Budget Before Investing On A Property
Owing a property gives a person financial security but before buying any type of property be it home,land or some commercial property it’s very important to estimate your budget.Pre-qualification is a very essential step in going for a property...
Property Market In Portugal
Portugal has enjoyed a steady increase in the number of foreign buyers over the past 10 years or so. Property prices have risen steadily. Portugal and the Algarve in particular saw a huge rise in property investment.
Portuguese buyers are very...
Timing Clauses Stop Sellers From Inciting Bidding Wars
It is no secret that the current real estate market is hot, hot, hot. Sellers can receive multiple bids for their property on the same day. In the rush of the moment, your emotions can carry you into a bidding war. Using timing clauses can help...
Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own!
In the United States, less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves. That*s because most people just give up because they don*t realize from the beginning the difficulty and complexity of the...
When And How To Prune Roses
The following article was written by David G. Hallstrom for and originally published by National Realtors Directory.com . When And How To Prune Roses Rose bushes that are not pruned can grow into large tangled messes with small and inferior...
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Why You Should Sell Your Property Privately
With 70% of potential home buyers looking online to find property and with estate agents charging up to 4% in sales commissions, more and more people are starting to consider selling their property privately.
In this article we’ll examine why you should think about selling your property yourself rather than using an estate agent to do it for you.
Estate Agents Charge Hefty Sales Commissions
Estate agents usually charge a sales commission of between 1.5% to 4%, plus VAT.
This means that on a £150,000 property where the sales commission is 2.5% you would have to pay £3,750 sales commission plus £656 in VAT.
If you sell your property privately, you don’t have to pay any sales commission.
You Don’t Need an Estate Agent to Value Your Property
Valuations carried out by estate agents are not recognised by insurance companies as a basis for building insurance rates. This is because all estate agents rely on when they make valuations is experience based on what similar properties in the area have been sold for.
Furthermore, estate agents often value properties at a lower amount than they are actually worth so that they can close the sale more easily and receive their sales commission sooner.
Instead of using an estate agent to value your property, you would be better
of using a qualified surveyor whose valuation would be recognised by insurance companies and who doesn’t have a vested interest in the asking price that you choose.
Estate Agents are Notoriously Disreputable
There have been some cases where estate agents have been punished by the Office of Fair Trading for conning their clients leading to them losing thousands of pounds.
Estate Agents Act in Their Own Interests
Ultimately estate agents are only really interested in making their sales commission which means that they might try and persuade a vendor to accept an offer that he or she doesn’t really want to, simply to secure the commission.
There is Another Option- Sell your Property Privately
By advertising your property on private sales sites you can sell your home and save thousands of pounds in sales commissions and the stress of managing estate agents.
About the Author: Property for me.co.uk (http://www.propertyforme.co.uk) is a private sales site covering the whole of the UK designed to help you save money in estate agents commission fees.
Source: www.isnare.com
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