Take your property selling problems away
Every conventional way of selling your property has its own drawbacks.
Using Estate Agents to sell your property
Using an Estate Agent will usually achieve the highest price, but their charges are normally substantial and they’ll probably be more interested in their cashflow than yours. Chances are they have dozens, if not hundreds, of properties on their books, so will yours be high on their list of priorities to sell?
Selling your property privately
Estate agents usually bag all the best spots in the paper, so you’ll probably be reduced to a small ad. Then even if you can attract any viewers, you’ll have to negotiate the deal yourself and oversee the whole transaction – chasing solicitors and checking out the chain. And of course, you’ll have the worry that the deal could collapse right up to the moment that contracts are exchanged.
Selling your property at auction
On paper, auctions sound like an attractive option. But then again, you’ll have to set a low reserve price to attract interest, and if the buyers aren’t there on the day you could find yourself selling for way below the property’s real value (especially as auction buyers are often speculators looking for a bargain).
Did you know...
It is common practice for Estate Agents to overvalue a property to secure an instruction to sell. However this overvaluation fails to generate interest and generally the vendor is then ‘persuaded’ to drop the asking price and accept an offer way below the initial expectation.
