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Be wary of internet based house selling sites

We have just sold our property over the internet having paid just £130 for the advert (which I put together) as opposed to £2800 for the services of an agent. As you can imagine I am very happy at this but would also like to offer a word of caution to anyone thinking of doing this.

Our mainsonette was on the market for 3 weeks and we only had 1 enquiry, Those people viewed and offered a good price on the same day - we were extremely lucky, but haven't had any more enquiries since. The fact it sold after only one viewing says much about the flat and where it is, right beside a mainline station. The Estate Agents I had value it were falling over themselves to get it beacuse they knew it would sell fairly easily.

So - by all means go to one of the internet based home selling websites and sign your house on but if you are in any doubt whether it will sell or not, negotiate a good price with an agent too. One tip would be to put it on privately and tell the agent. Then a couple of weeks later go to the agemnt again and say that you are reasonably pleased with the response but that you feel an agents exposure too will help the sale along - but you are only willing to pay a 1% commission fee. Most will say yes, I am sure, especially if its a smaller independant.

dave

Comments

  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    As you mention, usually you get what you pay for

    There are even some free house selling sites ;)

    Though how hard do you think some one will push for the sale of your house if they have recieved no money or only £130 quid ?
  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The internet is a sales window, suppose a good agent will try other methods to find a buyer, if you want the latter the trouble is - finding a "good" agent
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
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