Keep reading to discover three great reasons why you should consider bypassing your local estate agent and selling your home privately.
You can save money
One of the main reasons that many people choose to market their home privately is that it can offer a significant cost saving.
Estate agents in the UK typically charge around 1-1.5 per cent of the sale price of your home as their commission. So, on an average £160,000 home this can amount to between £1,600 and £2,400. This can be a particular concern if you don’t have a lot of equity in your home.
Marketing your home privately can cost a fraction of this. Some websites charge between £50 and £100 to market your home, whilst others like The House Shop let you advertise your house for free.
Wide exposure for your home online
Recent figures from the American National Association of Realtors found that almost three quarters of people now look for their new home online.
With more and more people using the internet to buy homes then it makes sense to get maximum exposure for your property by marketing it online. Private house sale websites let you market your property to millions of potential buyers both nationally and internationally.
You have more control
When you hire an estate agent to look after the sale of your home, you are never entirely sure how proactive they are being in marketing your property.
If you market your home yourself you can keep control of the transaction. You know exactly how much interest there is in your home and how many viewings you have had. Whilst this may result in more work for you, you don’t have to hassle an estate agent every week for information on what they are doing to help you sell your home.