So you looking to advertise a house for sale but have no idea where to start?
Legally it is now possible for anyone to sell their house privately and advertise it on the Internet as a result of the Government removing the restriction requiring an estate agent to visit a property for sale. Because of this deregulation, private house sale websites and online estate agents like Zevizo Properties are expected to flourish. They may even cause the traditional estate agency model to change to fixed fees which will be particularly advantageous for sellers of larger, more expensive properties who in the past have had to pay very hefty commissions on any sale. So what can you do to advertise a house for sale?
Deregulation may result in estate agents having to move to a fixed fee model. In the USA private house sales account for 10% of the market whereas, currently, the figure is thought to be nearer to 5% in the UK.
Everyone’s heard of Zoopla and Rightmove – the big estate agency aggregator sites that lists properties for sale from estate agents all around the country but, if you opt to go down the private sales route you can advertise your house for sale on websites such as Ebay, Gumtree etc. You could also advertise in local papers, free sheets or the Sunday papers (expensive), or Loot, which lists private home sales. As well as print, online listings are available, too.
Unfortunately stats show 95% of house buyers gravitate to either Rightmove or Zoopla first without ever booking a viewing. So you could be online but still struggle to find buyers if your not on these sites.
However using an online estate agent, you will reap the rewards of reduced, fixed fees, and retain all the advantages of using a traditional estate agency service. An online agent tends to have a larger reach and is likely to attract a buyer for you.
Low Tech Ways
You could opt for the low-tech version and simply stick a sign in your window and erect your own ‘for sale’s sign outside your front door.
This all leaves the traditional estate agent having to defend themselves even more – I mean, just how do you justify several thousands of pounds for handling the sale of a property? A traditional estate agent says it is the art of negotiation, working out if a prospective buyer can actually afford your property and asking awkward questions about their finances, checking the chain, as well as talking to solicitors and knowing what price is achievable for the property that makes using as it’s a form of security.
Does it make sense to sell your house privately?If you opt to sell your house privately, then you know that you can now search online to see what price the property was previously sold for and what prices similar properties in the area are achieving. You can do your own research. It can’t be that difficult, can it? And, with the average house price in the UK now being over £200,000, it could leave you several thousand pounds better off.
Of course, there’s some work involved (who said there wouldn’t be?)!! You will have to arrange all viewings and arrange for an EPC (energy performance certificate) to be produced. At least now HIPs have been abolished, you won’t have to bother with that!
Online Estate Agents – The perfect balance for private sellers looking to advertise a house for sale.
The alternative is to use an online estate agent when looking to advertise a house for sale. Online Estate Agents are members of the Property Ombudsman Scheme which provides for financial compensation should things go wrong, giving you added security.
Using an online estate agent, you will reap the rewards of reduced, fixed fees, and retain all the advantages of using a traditional estate agency service. An online agent tends to have a larger reach and is likely to attract a buyer for you.
Ask Zevizo Properties exactly what they think they can achieve for you and at what price. In this way you will not be involving yourself in as much work or potentially incurring a higher level of risk through a private sale and yet can still save yourself several thousands of pounds by avoiding the traditional, old fashioned, estate agency route.