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Private House Sales Guide"You can get rid of the Estate Agent, but you cannot get rid of the Estate Agents work. Is an old caution for those who intend to sell their homes privately" Anon. Selling your own house privately, without the assistance of an Estate Agent, is not an easy undertaking. It requires a significant amount of time to study the process, understand your obligations and do some of the complicated work that an Estate Agent normally carries out on behalf of the vendor. Private House Sales - The major pitfalls and issues that you will need to carefully consider: Your home is a valuable asset - For most people their house is their most valuable asset - So don’t set the selling price so low that it sells immediately – If you do decide on a private sale, consider paying for a market value appraisal by an experienced surveyor to ensure that you are asking for the right price Selling can be stressful - Remember that most of the stress of selling comes after a buyer has been found. You will have to negotiate directly with any potential purchaser, solicitors and surveyors to co-ordinate the move. If this prospect seems daunting, then instructing an estate agent should be reconsidered. Providing information - If you still wish to handle your own sale then you will need to prepare a property details sheet and take photographs. Before doing this, take a long hard look at the appearance of your house. Tidy away all clutter and consider minor repairs or some painting / decoration before commencing the sale of your property. Local marketing - As a private sale, the purchase and erection of a For Sale board needs to be seriously considered as it is an effective advertisement for local buyers looking to move into a specific area. Arranging appointments - As part of their service, an estate agents will not only qualify viewers but will also obtain feedback and steer any negotiations. If you are handling your own sale, personal safety is a priority. Only show your home to individuals with whom you have made a prior appointment that has been confirmed by telephone. In certain instances the presence of a friend or relation during the viewing is strongly advisable. Legal - Find out about all of your legal obligations and obtain quotes for conveyancing services. Monitoring your sale -You will need to constantly monitor the
sale at all stages. Remember, it has been said that once the sale has been agreed,
this is the time when the real work commences. If you have carefully considered all
the above and still feel that you belong to the less than 10% of vendors
who are confident enough to take on the role of Estate Agent, then you
need to start advertising your property. |
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