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Costa Rica Real Estate & Living - 124 Tips & Traps
New York City is not for everyone and neither is Costa Rica.
Over the last 46 years, I have lived in ten different countries, visited thirteen others and now consider Costa Rica as home. However after visiting you may feel different…
Some...
Hiring A Contractor - 10 Tips
A very smart attorney I know paid $7,000 for a roof repair, only to have the roof leak the next time it rained. The contractor stalled, made excuses, but never did a thing about it. Anyone can have these kinds of problems when having repairs or...
How Home Staging Can Help Sell Your Home
Home Staging should be done when you sell your home. Staging a home can bring you a much higher selling price and help you get offers on your home faster. A home staging professional can be hired to tour your home and direct you to make the changes...
Is The Hot Real Estate Market Cooling Down?
We’ve been living in the high flying world of a hot residential real estate market for the last three years. Is it slowing down? What does it mean for buyers and sellers if it is? Do buyers and sellers need to change their strategy?
Is the Market...
The Pros And Cons Of The Real Estate Business
Real Estate Business: To be or not to be
Real estate business has been around for a good number of years. More and more people are drawn to it because of the steady influx of money. But there are things you have to consider before entering a...
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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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