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The obvious advantage of selling privately is the potential cost saving.
It's now very easy
to sell your home privately, and there are many websites who will list
you property for a one off fee. If you attract a buyer
using this type of service you won't have to pay any
commission, prices start from around £99. |
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Preparing the details for
a private sale. |
Typical estate agents fees can be around 1.5 percent and
this can represent thousands of pounds when the sale
completes. If you decide to sell privately you will need
to produce the both the property details and marketing material.
Property specification
The property specification will need to include accurate
descriptions and room dimensions and shouldn’t be
misleading. You will also need to manage viewings and
will need to be prepared to communicate directly with
the purchaser once an offer has been agreed, and
throughout the selling process.
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Selling privately online. |
There
are a growing number websites dedicated to help you sell
your home privately. Many sites now offer a service
where you can pay to list your home and upload the
details instantly, so there's no delay in marketing your
home.
Property
websites
Because most private property websites charge a one off
fee, you can normally advertise privately as well as
through an estate agent. To increase your exposure to
potential buyers it's also worth considering an advert
with more than one property website.
It's worth shopping for the lowest fee, but a good
private property website will offer the following
services:
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One
off fee with no
commission to pay |
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Unlimited
advertising time
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Unlimited photos and
description text
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For
sale sign included |
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All
enquiries through
website, private
details are hidden |
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Buyers emails
screened before
being forwarded |
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Selling privately
timescale. |
Selling your home privately may take longer than selling
through an estate agent. Many agents already have potential
buyers on their books and will be advertising to a wider
audience through shop frontage, local press, and
established internet websites.
If you are in no particular rush to sell your home, a
selling privately is a good option. You can always use
an agent later!
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