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Selling without Estate Agent

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Comments

  • Surrey_EA
    Surrey_EA Posts: 2,051 Forumite
    Tenth Anniversary 1,000 Posts
    Why would someone not using an estate agent be keen to pass on the savings they have made in EA fees directly to a buyer, by enabling the buyer to pay less for the house?

    Surely part of the benefit to a seller of not using an estate agent is the financial benefit of not paying a fee?
  • eddddy
    eddddy Posts: 18,435 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hedgehog99 wrote: »
    It has been know for would-be buyers to leaflet the street(s) of their choice asking if anyone's thinking of selling. They hope that someone selling privately would ask a bit less since they're not paying EA fees,

    TBH, given human nature I think the opposite would happen more often.

    "Ooooh... somebody's put a leaflet through our door wanting to buy our house. They must really like it, I wonder if they like it enough to pay over the odds? I wonder how much over the odds they'll pay?"
  • Surrey_EA
    Surrey_EA Posts: 2,051 Forumite
    Tenth Anniversary 1,000 Posts
    eddddy wrote: »
    TBH, given human nature I think the opposite would happen more often.

    "Ooooh... somebody's put a leaflet through our door wanting to buy our house. They must really like it, I wonder if they like it enough to pay over the odds? I wonder how much over the odds they'll pay?"

    There's nothing quite like buying and selling houses to bring out the greedy side in people!
  • TheGame21
    TheGame21 Posts: 198 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Thanks for all of the replies, we had some private interest as we advertised the house on our village facebook group. We are now considering an estate agent and I will be shopping around starting with online ones.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    [FONT=Verdana, sans-serif]We once sold our house with a £3.50 advert in the local paper, did or own conveyancing using a 'teach yourself' book and a manual typewriter and moved ourselves using the works van.[/FONT]
  • TheGame21,

    I'm currently in the same position as you and am looking at different options to sell. I have spoken with a few different types of agents and found most are negotiable once you start comparing them with each other.

    For example one 'hybrid' classed me as within London's surrounding areas, which hiked up the fee, another comparable hybrid didn't (I'm in Middlesex). When I told the first about the fees of the second they immediately offered to match them.

    Would be interested to compare notes and share the research with you!
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