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Bird-Dogging - Getting A Start In Real Estate Investing
Are you anxious to get a piece of the wealth that is to be found in real estate investing? Until now, if you didn't have experience or cash it would be very unlikely that you'd be successful since real estate investing carries enormous risks and...
Determining Your Home's Value
Determining your home's value, and setting a price, is probably the most important step in selling your home. Why? Because if your home is overpriced for your area, no matter what the cost of improvements that you have made on your house, buyers...
How Thousands of people are buying second homes in Spain?
With a major portion of the Iberian Peninsula occupied by Spain (80%), it is indeed inviting a location for investment towards an ideal second home. Spain is also sound with reference to geography, climate and cultural richness. A large coastline...
Indiana Real Estate – Racing, Amateur Sports And College Football
Indiana is the home to a proud tradition of racing with the Indianapolis Motor Speedway. Indiana real estate prices are very reasonable, particularly for first time homebuyers.
Indiana
Considered a crossroads state, Indiana is hub of activity...
Missouri Real Estate – The Show Me State
Nicknamed the “Show Me” state, Missouri is an interesting mix of big cities and rural lands. Missouri real estate prices do not require you to “show” a lot of money.
Missouri
The quintessential midwestern state, Missouri offers interesting...
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Why You Should Sell Your Property Privately
With 70% of potential home buyers looking online to find property and with estate agents charging up to 4% in sales commissions, more and more people are starting to consider selling their property privately.
In this article we’ll examine why you should think about selling your property yourself rather than using an estate agent to do it for you.
Estate Agents Charge Hefty Sales Commissions
Estate agents usually charge a sales commission of between 1.5% to 4%, plus VAT.
This means that on a £150,000 property where the sales commission is 2.5% you would have to pay £3,750 sales commission plus £656 in VAT.
If you sell your property privately, you don’t have to pay any sales commission.
You Don’t Need an Estate Agent to Value Your Property
Valuations carried out by estate agents are not recognised by insurance companies as a basis for building insurance rates. This is because all estate agents rely on when they make valuations is experience based on what similar properties in the area have been sold for.
Furthermore, estate agents often value properties at a lower amount than they are actually worth so that they can close the sale more easily and receive their sales commission sooner.
Instead of using an estate agent to value your property, you would be better
of using a qualified surveyor whose valuation would be recognised by insurance companies and who doesn’t have a vested interest in the asking price that you choose.
Estate Agents are Notoriously Disreputable
There have been some cases where estate agents have been punished by the Office of Fair Trading for conning their clients leading to them losing thousands of pounds.
Estate Agents Act in Their Own Interests
Ultimately estate agents are only really interested in making their sales commission which means that they might try and persuade a vendor to accept an offer that he or she doesn’t really want to, simply to secure the commission.
There is Another Option- Sell your Property Privately
By advertising your property on private sales sites you can sell your home and save thousands of pounds in sales commissions and the stress of managing estate agents.
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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