Local Estate Agent versus Online-only Estate Agent

Local Estate Agent versus Online-only Estate Agent.

An increasing number of online-only estate agents are popping up and they charge a fraction of the cost. One of the advantages of using an online estate agency – such as eMoov.co.uk, Housesimple.co.uk, tepilo.com or Hatched.co.uk – is that your property would still appear on national property websites such as Rightmove, Zoopla, Findaproperty and PrimeLocation, which is where most people look when they are thinking of moving home.

The services offered by online estate agents are very similar to those offered by high street estate agents. They will value and market your home for you including taking photos of your property, preparing a floor plan and description, and arrange property viewings. Most will also accept and negotiate offers on your behalf, and liaise with your conveyancer, other estate agents and buyers until the sale is complete. They can do this at a cheaper rate because they don’t have to fund high street offices. The downside of online agents is you would have to conduct viewings with prospective buyers yourself. Many vendors feel uncomfortable letting strangers into their home, or simply don’t have the time to show people round their home.

Don’t forget there are always advantages of a traditional high street estate agent such as Gascoigne Halman, Reeds Rains, Bridgfords. Only a local agent will know the correct price for a certain street, and what properties are selling well at a given time. An online agent working remotely won’t have the same breadth of knowledge. If they value your property inaccurately, you could sell too cheaply, or fail to find a buyer at all.

By using a local estate agent these negotiations are completed on a more professional level. You could also find you are able to obtain a higher price for your property, which could more than rationalize their fees. Good high street agents will know whether potential buyers are quality applicants and could already have suitable buyers lined up for your property.

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