No
middle man
The sale may be quicker without estate agents. Buyers have direct contact
with you. The negotiations are more transparent. You can discuss price
with the buyers directly, no chinese whispers between owner, agent and
buyer. You’ll also be able to hear from the buyers what is right
or wrong with the property and make the appropriate changes.
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You
can be more competitive
In a buyer’s market you can discount on price. If a similar house
to yours was for sell in your street, you could drop the price and make
it more appealing to buyers. You are saving on the agent’s commission
so you can afford to be more competitive.
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Less
stress and pain
Moving home is one of the most stressful events in your life. Selling
your own property puts you in control, reduces stress and eliminates time
wasting. You know
at every stage what is going on. You will no longer make unanswered calls
to estate agents, or wait for vital feedback. You can ask buyers for their
comments.
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Eliminate
time wasting
Vetting buyers yourself means you can suss out those who seem genuinely
interested. Estate agents often send buyers to view properties that they
cannot afford. This is to make the owner believe that the ‘market’
is not willing to pay the advertised price. Being sent the wrong buyers
delays the process. The house will look stale and other buyers will give
it a wide berth as they think there is something wrong with it. As a result
of this time wasting the vendor will often feel pressurised to drop their
asking price. This is frustrating for the vendor. If a property was ‘under
sold’ the estate agent still makes their commission.
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No
Conditioning
One reason why estate agents have such a bad reputation is because many
adopt a process called conditioning. Conditioning has become part of the
real estate market because many agents over value properties to get customers/vendors
on their books. More...
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I
want to sell my own home ... sign me up!
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