Many prefer to use an estate agent simply because they do not have the time and skill to sell a house. They are not aware that there are various methods available to increase awareness of their property for sale. It is also possible to deal directly with prospective buyers without the need to travel. Being more involved in the sales process of your home can be more effective and economical than using a middleman. You can sell your house online, and reach potential buyers from any location.
WHAT ESTATE AGENTS DO
Estate agents can have multiple functions, depending on what is required by their client. They are mainly hired to market a property, and act as a representative of the owner in negotiating with potential buyers. Estate agents are responsible for completing all legal documentations involved in transferring ownership of a property. They also answer all questions potential buyers will have about the property.
Selling a house used to be very tedious, and many relied on estate agents to do the legwork for them. But with the advent of technology, such things as advertising, communication, and filing of papers now take just a few mouse clicks. If your time is not very limited and you know how to use a computer, you can actually sell your property online without the need for an estate agent.
THE BENEFITS OF SELLING YOUR HOUSE ONLINE
Nowadays, people are looking for more options to find a house to buy. They are not likely to settle at just getting the information from an estate agent. Potential buyers will often search the internet for any property that meets their needs. But this is not the only reason why selling your house online is better than using an estate agent.
- No need to pay commissions. Estate agents are paid on commission. If you will sell a house through an agent, the total proceeds is not yours alone. You will need to deduct a certain percentage from the cost of the house to pay the agent is usually about 3 percent, or higher based on the time and effort required of the agent. If you will sell your house online, you will not have to pay thousands of dollars on commission.
- You know your property better than an estate agent. It is your house, so you should know the littlest details about it. An estate agent will only examine the actual condition of your home, and determine its value based on the current market trend in your area. But the buyer can have questions about the property that an estate agent will not have the answer to. In addition, you as the owner, know about the community where the house is located such as where to find the nearest shops, restaurants, and hospital.
- Fast turnaround. The use of an estate agent may only delay the transaction. Expect a potential buyer to haggle over the price, and try to lower his or her bid until the final price is heard directly from the owner. Having a middleman only prolongs the process. You will notice that those who are really looking to buy a property may find it more convenient to reach an agreement with the owner.
- Focused marketing strategies. An estate agent may have other properties to sell, so he or she cannot give your house his or her full attention. If you have signed a 6-week contract with an agent, it does not mean that the agent will make the effort throughout this period. Moreover, you do not have control of the methods the agent will use to market your home for sale. But if you will sell your house online, you can take advantage of the different advertising options available.
An estate agent can help sell your house in many ways, but is very expensive. If you are concerned about the time and effort required in selling a house, doing it online may be the best solution. With online selling, you will not need to pay high on commissions. You can communicate directly with the buyer, and close the deal faster than it would take if you used a middleman.