Home

Difference between using an online estate agent against a traditional

pic

When you sell your house, you want to make sure that you’re getting the best value for money possible. Traditional estate agents have been around for a long time, but they can take advantage of this fact in order to squeeze more out of you. Alternatively, opting for an online estate agent makes everything a lot clearer and simpler, and will leave you with a bit more cash in your pocket at the end of the process.

High street estate agents typically charge an additional fee once your sale has been completed- usually around 1.6% of the price you’ve sold at. This means that you’ll be more out of pocket the more your property is worth. They will also typically charge you extra for things such as property assessments and valuations, so you’re being forced to pay up before your house is even put on the market. On the other hand, we only charge a single fee of £595 for the entire selling process, so you can rest assured that everything is settled before we begin. We won’t charge you a penny for assessing your house, as it all comes as standard, and we’ll even produce floor plans for your property.

Selling with a traditional estate agent also limits the number of potential buyers who will see your property for sale. Many of them are tied in with OnTheMarket, meaning they aren’t allowed to advertise your property on other popular portals such as Zoopla or Rightmove. On the other hand, we don’t face any such restrictions, and are therefore free to post your property on all of the sites where it will get seen the most. The more sites your property is on, the more likely the right buyer will come along sooner.

Traditional agents are also stuck in the model of showing potential buyers around properties themselves. While they might have picked up a few techniques for persuading people, they often won’t have the necessary local knowledge needed to answer buyers’ questions- and that could mean losing out on a sale. We, however, believe that you are the best person to show people around your own property- and research has backed that up. People feel more comfortable viewing a property if the owner is present, and it allows you to show them the human side of the house which could be the key to making a sale

.Lastly, one of the most common tactics which traditional agents use to sell properties can actually put people off. Their usual tactic is to start a bidding war in order to make themselves more money on commission, but all this does in the long run is put off people who might have bought there and then, but think they won’t be able to afford it. Selling online eliminates this problem, and will help to sell your property sooner. We are proud to say that we achieve an average selling price of 99% of our customers’ ideal amount- that’s a whole 3% more than the industry average. By selling with us, not only will you be saving yourself money, but you’ll be making more in the first place than if you’d gone with a traditional agent.

 

Leave a Reply

Your email address will not be published. Required fields are marked *