Every day, more and more homeowners are waking up to the idea that you don’t need to pay an estate agent to sell a property.
All it takes is:
- A little common sense
- Decent organisational skills
- The desire to save a large percentage of your sale profits
Figures from the Office of Fair Trading show that 1 in 10 homeowners now take a stab at selling their homes privately.
The OFT interviewed a sample of these private property sellers and their findings were striking:
- 91% reported the whole process ran extremely smoothly. Most said they would do it again.
Compare that to findings from Which? that we mentioned earlier:
- 50% of sellers who used Estate Agents were dissatisfied with the service they received.
There has also been a recent study by the Interactive in Media Retail Group (the global e-retailing industry body) on the rise of the private house sale.
They forecast that by 2010 nearly half of all property sold in the UK each year (that’s 700,000) will be sold without the help of a traditional Estate Agent.
Now, that’s got to be bad news for the element of rogue estate agents out there!
Whichever way you decide to sell, we wish you good luck. Just remember, in property the true spoils go to those that plan their attack.