The typical thing to do when you’re putting your house on the market is to turn to your local high street estate agent. But what if you were to rule them out completely? The vast majority of people in the UK sell through an estate agent, and yes, undoubtedly the results do work out well, but the fees can be drastically high.
According to Rightmove, 95% of property searches begin online, so this is where you need to be. For a fraction of the cost, online estate agents offer you the same services as a high street agent, whilst allowing you to advertise on the major property portals such as Rightmove and Zoopla. This is completely advantageous as you still have complete control over the way you sell your home.
Online estate agents will work through the entire selling process with you, from arranging viewings, creating floor plans, organising for sale boards, and closing the final deal. There are no hidden costs, the fee is based entirely upon how much support you want, giving you flexibility throughout the process. The key here is to get your property in front of the widest possible audience, and working with an online estate agent ensures that happens.
So lets take a look at the advantages:
• So far we can safely assume that online estate agents are far cheaper than using local estate agents. Fees that estate agents earn do vary; they can be as high as 2.5 per cent of the sale price. However the average is 1.6 per cent for a property which sells for £242,000 making the commission £3,872. Using an online service could save you thousands of pounds, which is a considerable difference.
• Realistically, no one is better at selling a home than its owner.
• Many online estate agents offer you 24/7 control, meaning if you want to add new descriptions, or change pictures you can do so in your own time.
• Online estate agents are easily contacted, some even offering direct messaging tools.
It’s hard to ignore the fact that online estate agents are very appealing, but like anything, they won’t be everyone’s cup of tea.