There is little question that selling houses privately is gaining in popularity. Currently only 2% of homes in the UK are sold privately, but Nick Marr, director of leading private sales site The Little House Company believes this will double to 4% within a year, and keep doubling year on year until it is more like 50/50.
Definitely, there are numerous reasons why you should sell your house privately besides from figures and arguments; the following the top five reasons:.
1: Can You Think Of A Reason Why You Should Not?
Are you privy to the fact that you can now have a clause in your contract with your real estate agent stipulating that if your house is sold privately, they will receive no payment? Since you can now stipulate that clause in the contract, there is no reason from now on that will prevent you from advertising your home in any way you desire which makes it possible for you to take benefit of all the free-to-list available line for instance the private sales protal Tepilo and internet leaders Gumtree and Google Maps.
2: Increased Exposure has got to be a Good Thing
According to surveys, up to 85% (several studies at 85% while real estate agent surveys put it in 60%) of people looking for property to buy start their search on the internet. In fact, most real estate agents are now into internet marketing through their real-estate-agent-only website Rightmove.
But, there is a very serious part of society that does not want to have deals with estate agents, because of their bad standing, or bad experiences or both. You can also find many people that reject the attempt of capitalist giants to exert influence andreign over the housing market in the way Rightmove is accused of doing.
The only way to aim for these part of the market is to sell your homes privately and the way to achieve it is to advertise on private sales online.
Moreover, the very first thing that I will do when I want to select a property to buy or rent, I tend to use the internet through Google. By advertising on private sales websites that has a great page-rank in Google will definitely increase the publicity of your property to potential buyers.
3: Get big savings
Even though we do a lot of effort to persuade our real estate agent to accept a less than 1% fee, it is very unlikely that we will get them to take our offer. The nationwide average of properties sold is £170,000 (£169,347 in July of this year) which means that your agents will get £1,700 – £17,000 – and your are paying for doing what? Almost nothing you couldn’t do yourself and buy a new car with the £17,000 instead.
Final note:
Since you now know the advantages of selling your house in private, there will be no harm in trying . By advertising on the sites buyers in your area will be led to via search, Google Maps property search, and things like the local paper and shop boards etc, the least you will do expand your net and improve your chances of selling your house quickly and for a good price, the best you could do is save yourself a kid’s college fund in estate agents commission.
