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Home Equity – Foreclosure Often Not Necessary In Current Market
While driving around your community, you may have seen signs posted on telephone poles that offer “foreclosure help.” These seemingly generous offers to help financially troubled homeowners who are in danger of losing their homes to foreclosure are...
Homeowner Demand Sparks Innovation in Hardwood Flooring
(ARA) - The results are in: When asked what flooring material they want in their kitchen, halls, bedrooms and entryway, homeowners say that wood is the way to go. Realtors agree -- a national survey by real estate agents conducted by the National...
Selling a Home – What Personal Property Stays?
The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. It’s even tougher when neither the seller nor...
The Basics Of Real Estate License
Real estate is an industry that can help people experience great wealth. Many of the worlds richest people have made their money through real estate. It is no surprise that many people are looking into real estate as a career. Getting a real estate...
Using A Real Estate Agent To Find Your Home
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The Different Ways You Can Sell Your Property
There are two ways that you can sell your property. One way is to use an estate agent and the other is to sell privately, which usually involves advertising on the internet. In this article we’ll look at the two options to help you decide which one you’d rather take.
Using an Estate Agent to Sell Your Property
Selling a property with the help of an estate agent is the traditional route. In fact it is so established that many people don’t even know that there is an alternative.
If you use an estate agent to help sell your property they will normally do the following things:
• Prepare the property particulars and photographs
• Promoting your property to potential buyers on their lists
• Arranging viewings with potential buyers
• Handling enquiries
• Helping to negotiate the offer price
However, Estate agents usually charge a hefty sales commission of between 1.5% to 4%, plus VAT.
This means that on a £250,000 property where the sales commission is 2.5% you would have to pay £6,250 sales commission plus £1,094 in VAT.
The other problem with using an estate agent is that ultimately they are only really interested in
making their sales commission. This means that they might try and persuade you to accept an offer that you don’t really want to, simply to secure the commission.
Selling Property Privately
An increasing number of people are starting to sell their property privately to avoid having to pay agents’ sales commissions. And with 70% of people searching for property to buy online, this can make a lot of sense.
Many online private property sales sites are now offering similar services to estate agents (such as taking photographs, preparing an online advert for you and handling enquiries) without asking for a sales commission.
Selling property privately can save you thousands of pounds and the stress of working with an estate agent.
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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