Q. I need to sell my house and particularly in this time of uncertainty with us all looking at ways to tighten our belts, and with agents fees eating into a substantial amount of my profit I’m wondering if selling my place privately would be advisable?
A. It is possible to sell your property privately, but there are significant risks attached. For most people, selling a home is the biggest and most important transaction they will ever make. Using professionals for each part of the process provides you with expert knowledge and legal protection. Besides, selling on your own can be expensive and time consuming.
You will be responsible for:
- Setting the price
- Organising a Home Information Pack
- Arranging viewings
- Negotiating the offers
- Progressing the sale through solicitors and conveyancers
On the other hand estate agents spend all day, every day selling property and as a result have built up a vast knowledge and expertise in the whole buying and selling process. They will conduct a valuation on your property, handle viewings and negotiations on your behalf, make sure your property is marketed properly and compile your Home Information Pack. They will strive to achieve the best possible price for your property and the best buyer, thereby avoiding disappointment and stress from less serious potential buyers.
I know the current climate is forcing us all to look at money saving options, but when it comes to disposing of something that is likely to be your most costly and valuable item such as your home is it really worth cutting corners – I think not.