elling your home privately considerably. The “for sale by
can be an excellent way of owner” market has always existed,
saving on costs. Selling a however it has hit the mainstream
property can attract a number of in recent years because of the
costs that can be difficult to sellers’ desire to save on estate
cope with when combined together agency costs coupled with the
meaning that sellers may opt for ease of advertising private
a private sale in order to save property sales on the
money. internet.
The rise in property prices has
Depending on which fee
outstripped the increase in the structure a seller chooses when
average household income by a employing the services of an
huge margin over the past decade. estate agent, fees can range from
This means that it is now more approximately one to three
difficult than ever to buy a percent. A sole agency
home, however, it is also more arrangement, where only one
costly to sell one.
agency is hired to sell the
Estate agents’ fees are property, will normally attract a
usually charged on a percentage two percent fee. A multiple
basis rather than a flat fee. A agency arrangement may attract a
typical estate agent’s fee would slightly higher fee and the agent
be 2% of the selling price in the who sells the property will be
UK. Because property prices have the only one that is paid.
increased drastically over the
If a seller wishes to list
past few years, this has lead to their home with at least one
estate agents’ fees becoming estate agent they should take
difficult to afford.
care not to sign a contract that
Because of this, the number of includes a sole selling rights
properties that are offered up clause. This clause will cause
for sale privately has increased the seller to pay the agent a fee
even if they sell the property
It is important to make the
privately. If a seller wishes to right decision as the house
be allowed to sell their home selling process is time consuming
privately without paying a fee even if a buyer is found within a
while simultaneously employing an short space of time. Sellers
estate agent to sell it, they should therefore choose the
should take care when reading option that they believe will
through the contract.
find a buyer for their property
If a seller would like to within an acceptable timeframe
forego having to employ an estate and budget.
agent at all, they will need to
invest some time into selling
weigh up the value of paying an align="center">
estate agent to sell their home
against the time they would spend if they attempt to sell the type="text/javascript">
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Article Tags: estate, property, sell
