Selling property: agent, auction or online?
by Housesimple on 1st January 2016
When you reach a decision to start selling property, you might be at a fork in the road. You have several paths ahead of you to help you get the most value out of your home, whether you go for the high street agent, take the task upon yourself, or go online. Whatever property selling method you decide to take, there are some upsides and downsides to each path that you need to be aware of.
High street estate agents
Nipping down to the local estate agents has a good number of pros to consider. For starters, that friendly face-to-face interaction with a property expert, who also has a lot of insight into the local market, can be a real help out first-time sellers. They'll be able to connect you with house-hunters who've already expressed interest in your area, and will know how best to market your home. The downside is that this contact comes with a price tag: estate agents charge between 0.75% and 3.5% commission on the value of your property.
Private house sales
Going solo and selling privately means bypassing costly estate agent fees. However, this does also triple the size of your to-do list. While some parts of private selling are easy for property owners (like showing people around your home at viewings), others can be more difficult for inexperienced sellers (like negotiating).
Selling your home at auction is a good way to make a quick sale – as soon as the hammer falls the sale is final, taking away a lot of uncertainty for sellers. Another big bonus is the chance of a bidding war, where the price you get for your property goes well above its value. This can go both ways, however, and if there's little interest in your home it could end up selling for less than it's worth.
Online estate agents
This is where companies like HouseSimple get involved. As an online estate agents, we're able to advertise properties on websites like Rightmove and Zoopla (as well as 498 others) while saving our customers the fees they would pay a high street agent. Although you'll need to handle viewings and write your own property listing yourself, our experts are available to hold your hand throughout the process.
However you decide to put your home on the market, our guide to selling property has advice to help you maximise your profit and land a quick sale.