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Advantages To Buying Or Owning A Condominium
Condos have become an increasingly attractive home ownership option for singles, young couples, families and retired couples (that's just about everybody!). A condo is a viable option for anyone who wants to own a home without the worry of repairs,...
Choosing A Fireplace
The image of the snow gently falling, the air being crisp and a fire gently burning in a fireplace while the entire family sits nearby is lovely. Having a fireplace in your home adds a distinct coziness and also can increase the value...
Home Improvement Loans
Once you own a home, you'll get the urge to make home
improvements. Often, you'll need a home improvement loan.
Home Improvement Loans
Whether you've lived in a home for years or just purchased it,
you'll get the urge to make...
Home Safety Tips: Arm Yourself Against The Threat Of A Break-In
(NC)—In 1999, Statistics Canada reported that there were approximately 92,485 break and enters reported to police, however, some of these crimes remained unreported. Property crime losses ranged from little or nothing of value to materials...
How To Simplify The Process Of Selling A Home
Admit it for years, or even decades it has truly been your home sweet home. And now, you refer to it as a plain ‘property’ to sell.
Selling a home need not be a bitter encounter. We should healthily treat it as a source of marketable commodity,...
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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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