House Selling - Money Saving Tips

antalya

On the other side of the coin --sellers can achieve a fast home sale themselves too by putting their own sign up with their phone number. Then you don't have to fork out paying any agency commission which would save a few thousand on the spot. Any other suggestions.

Dunree

How important is it for the estate agent to be a member of NAEA?

I've had a look at the ones closest to us, but can only find one member.

There are at least five other agents in the same small area

We are getting ready to sell now. But most of the local agents aren't members of the NAEA.

We have an eye on a couple of places in the town where we want to move to, and are hoping to view them this coming week.

The plan is to get locals in to our place this week for valuations. We had them in last year to give us ''before'' and ''after'' valuations.

Now that the works are completed, we need up to date valuations.

Mumsie

I find these forums so informative but I can't find my own problem anywhere. If indeed, it is a problem.
I have been "in the chain" since last year, buying a property and sticking with it through thick and thin only to discover very recently that the boundary lines weren't the boundary lines at all.........so I pulled out. My own property is now on it's second buyer (the first one pulled out because it was taking so long but I found another one quickly - phew) and we are about to exchange contracts within two weeks......eeek........and I have asked that completion follows within two to three weeks. I will sell and will have a wodge of cash but nowhere to live. I feel that if I only have FIVE weeks in my home then I am sitting in a prime position to fill in for someone who has sold but their buyer has pulled out. I won't beat about the bush......I am looking to save some money here. The Estate Agents think I am in a prime position, but surely there must be a site out there for people who are selling......and people who are willing to slip in where a buyer has pulled out, thus completing someone else's chain. I just think it may offer more options for me. I don't want to rent.....but will if I have to and don't find auctions particularly appealing either as I have no experience.
Many thanks for reading and enjoy reading everyone's experiences.

mel19632

We used an online agent after watching a programme on Channel4 with Sarah Beeny and only paid £399 and sold within a week! I can't believe I was going to pay a local agent £3,000!!!!

Property Eagle they were called and I could not recommend them highly enough, but I think there are lots of similar companies.

Mx

Pat26

Many thanks for those useful tips.
Would like some help before I commit to a solicitor.
My house is on the market for a sale. I've had quotes from four local solicitors for the sale and two of them are charging a Mortgage Redemption Fee of £125 + VAT. According to one of these solicitors this fee is for "[FONT=&quot]we will be acting on behalf of your mortgage lender as well as yourself and as such will communicate with them during the course of the transaction to arrange redemption statements and ultimately discharge your mortgage on your behalf on completion.[/FONT][FONT=&quot]This is a standard supplement which the firm charge on both a sale and also in connection with a purchase where there is a mortgage involved."
[/FONT]
[FONT=&quot]I thought a redemption fee was charged by the lender to me and this would come out of the sale proceeding or I would pay this amount directly to the lender. I am due to contact the lender myself to get a statement on their final fee etc. I didn't think the solicitors would have to do any of it except transfer the sales proceeding to the lender by bank transfer?

[/FONT]The other two solicitors do not include this fee which makes their fee more competitive. I've spoken to one of them who said that there are no hidden charges, the quote includes all charges. Any thoughts?

Gedi93

Hi all,

I wanted to find out what is the best place to advertise new developments for selling purposes? Also, what would be the best way to sell existing property?

Regards,
Gedi

kazanovabg

Thank you!

elisagrace

Hi marcus,
Great house selling tips. I am residing in San Diego, CA and trying to sell my old house that is in Los Angeles. These tips will be very useful for me.
Thanks a lot for the tips.

Okrib

Some good advice there, but I'm guessing a lot of that would be for markets outside London.


Quite simply, if you asked for 1% sole, let alone 1% as multiple in the area I am based in London then the business would be turned down. You might get 1.5% sole, more likely 1.75%, and joint sole will be minimum 2%, multi is a pretty standard 3%.


Wholeheartedly agree on locking sellers in, we have a two week notice period with no minimum contract time (which is extremely rare).


How do agents justify their fees? You want an agent who can get your property to the biggest number of buyers out there - and anecdotally, fewer and fewer enquiries come from the internet, more and more viewings and buyers come from the existing database. So effectively you're paying for a database. The bigger the database, the bigger the number of buyers your property will get seen by.


Good advice and local knowledge. Have the staff been working in the area a long time? Are they experienced? Can they help you set the price correctly in a market where buyers have slightly more power than in a long time? Don't just go for the highest price!


Seeing the deal through. Probably the key part of the agent's job. Managing the entire process, liaising with solicitors etc. This is where an experienced agent can make a huge difference.


Happy to answer any questions, though I can only really comment on the London market!

kat_holly

Hi. I am brand new to this forum and am probably in the wrong place lol . I have just put my fathers house up for sale . I have freshened it up etc but needs a lot of fairly major work done to it. It has been on the market for a couple of days . The worry is, the estate agent im with has sent one of their employees to view it and wants to put an offer in already before any other viewings have occured . It is five thousand less than the guide price. Is there any catch or problem i should look out for ?