The trend nowadays, without a doubt, is selling houses privately.. Two percent of the homes sold in UK are done privately but it is expected to double in a year to 4% and will continue to double until it will attain a market share of 50% according to Nick Marr, director of the prominent private sales website The Little House Company.
You will find a great deal of reasons why you need to sell your house privately in addition to figures and other arguments; here are the top 3 reasons..
1: There Is No Reason Why You Should Not
Do you know that it is possible that your real estate agent will not receive any payment if your house is sold in private since you now can stipulate it in your contract with them? Well, you can, and because you can there is absolutely nothing stopping anyone and everyone from advertising and marketing their home in their own chosen ways — especially with all the free-to-list sites out there, such as private sales portals like Tepilo, and internet giants like Gumtree and Google Maps.
2: It is always a good thing to gain more advertising mileage
According to surveys, up to 85% (several studies at 85% while real estate agent surveys put it in 60%) of people looking for property to buy begin their search on the internet. Actually, most real estate agents are now into internet marketing by way of their real-estate-agent-only website Rightmove.
But, there is a very serious part of society that does not want to have deals with estate agents, because of their bad reputation, or bad experiences or both. A certain part of society is also resisting moves by capitalist giants in trying to dominate and control the housing market which is exactly what Rightmove is accused of.
All these people still buy houses, and the only way to focus on them is by selling privately, and advertising on private sales sites.
Moreover, the very first thing that I will do when I want to select a property to buy or rent, I tend to use the internet through Google. So marketing on the sites that come up high in Google and allow private sales can only increase your property’s visibility to potential buyers.
3: Save Money
It is unlikely that we can convince a real estate agent to accept a 1% commission no matter how we persuade or barter with them. The nationwide average of properties sold is £170,000 (£169,347 in July of this year) which means that your agents will get £1,700 – £17,000 – and your are paying for doing what? Almost nothing you could hardly do yourself and buy a new car with the £17,000 instead.
Final Thoughts:
As you can see, these are good reasons why everyone ought to at least try to sell their house privately. If you advertise on the private sales sites, you can direct buyers in your area via Google Maps property search, the local paper, shop boards and broaden your visibility thereby improving your odds to sell quickly on a good price which can save you money that can be better spent on your kid’s education as opposed to giving it away to your real estate agent.
