London
London
Dubai
currency
GBP
AED
EUR
USD
sqf
sqf
SQM

  • How To Choose The Right Estate Agent When Selling The Property

Property Type
  • All
  • Apartment
  • Commercial
  • House
  • Penthouse
Bedrooms
  • All
  • Studio
  • 1 Bedroom
  • 2 Bedrooms
  • 3 Bedrooms
  • 4 Bedrooms
  • 5+ Bedrooms
Price Range
Minimum:
GBP
  • 400 K
  • 500 K
  • 600 K
  • 700 K
  • 800 K
  • 900 K
  • 1 M
  • 1.5 M
  • 2 M
  • 2.5 M
  • 3 M
  • 3.5 M
  • 4 M
  • 4.5 M
  • 5 M
  • 5.5 M
  • 6 M
  • 6.5 M
  • 7 M
  • 7.5 M
  • 8 M
  • 8.5 M
  • 400
  • 500
  • 600
  • 700
  • 800
  • 900
  • 1 K
  • 1.2 K
  • 1.4 K
  • 1.6 K
  • 1.8 K
Maximum:
GBP
  • 400 K
  • 500 K
  • 600 K
  • 700 K
  • 800 K
  • 900 K
  • 1 M
  • 1.5 M
  • 2 M
  • 2.5 M
  • 3 M
  • 3.5 M
  • 4 M
  • 4.5 M
  • 5 M
  • 5.5 M
  • 6 M
  • 6.5 M
  • 7 M
  • 7.5 M
  • 8 M
  • 8.5 M
  • 400
  • 500
  • 600
  • 700
  • 800
  • 900
  • 1 K
  • 1.2 K
  • 1.4 K
  • 1.6 K
  • 1.8 K
GBP
  • 400 K
  • 500 K
  • 600 K
  • 700 K
  • 800 K
  • 900 K
  • 1 M
  • 1.5 M
  • 2 M
  • 2.5 M
  • 3 M
  • 3.5 M
  • 4 M
  • 4.5 M
  • 5 M
  • 5.5 M
  • 6 M
  • 6.5 M
  • 7 M
  • 7.5 M
  • 8 M
  • 8.5 M
  • 400
  • 500
  • 600
  • 700
  • 800
  • 900
  • 1 K
  • 1.2 K
  • 1.4 K
  • 1.6 K
  • 1.8 K
To
GBP
  • 400 K
  • 500 K
  • 600 K
  • 700 K
  • 800 K
  • 900 K
  • 1 M
  • 1.5 M
  • 2 M
  • 2.5 M
  • 3 M
  • 3.5 M
  • 4 M
  • 4.5 M
  • 5 M
  • 5.5 M
  • 6 M
  • 6.5 M
  • 7 M
  • 7.5 M
  • 8 M
  • 8.5 M
  • 400
  • 500
  • 600
  • 700
  • 800
  • 900
  • 1 K
  • 1.2 K
  • 1.4 K
  • 1.6 K
  • 1.8 K
Dated:
Nov 10, 2022
Read Time:
Topic:
Estate Agent

How To Choose The Right Estate Agent When Selling The Property

Being an estate agent is one of the most competitive fields out there. That means that there are too many for you to choose from. You need to cut the field down to size in order to make a very good choice when you are selling your home.

It pays to have some tips or guidelines to follow to make sure you find the right person for you and your property. Not every agent is going to be ethical, hard-working, or honest. Take your time to make the right choice.

Benefits Of Using A Real Estate Agent To Sell

There are too many benefits that can be listed here. The most important benefit is that you have a talented professional working for you and that gives you an edge over doing it yourself.

Plus, the agent knows the laws and you may not know everything that needs to be done. Hiring a good estate agent can save you from future trouble. Here are some of the main benefits you receive:

1.No Stress- The agent handles all the details and makes sure you get the right buyer, the right offer and all you have to do is say ‘okay’.

2.Access To Multiple Listing Services- This is something you may not be able to afford and the agent already has access to them. This increases your chance of a sale.

3.The agent is built-in protection against fraud and they handle all the marketing and viewings for you.

4.The agent can spot problems you may not and have them fixed before a buyer sees them.

5.Handles All The Paperwork- That is a heavy burden off your shoulders, plus there are no upfront costs to worry about.

6.The agent has top professional negotiation skills that will surpass yours and uses them to get you the best deal.

Questions To Ask An Estate Agent When Selling

Because not every estate agent you encounter is honest or ethical, you need to ask key questions before making your decision to hire them. The answers to these questions will or should tell you if they are good agents or not so good people to hire.

1. What is your fee? The fee varies but be careful of those agents who cut their fees quickly or state they will charge less than 1%. In general, in the UK, the fee is 1.18%+Vat.

2. Are there any other fees you will charge?

3. How will you advertise my home?

4. How much is my home worth currently?

5. How long do you expect my home to be on the market before it will sell?

6. What kind of contract do you use when we sign up and use you to sell our home?

7. Does your contract include a tie-in period? 8. Will there be any future liability if I take my home off the market and use a new agent later on?

How To Choose Real Estate Agent When Selling

Here are the guidelines you can use to help you find an estate agent that will work hard for you:

  1. Remember that the agent works for you. They should be able to give you a bit of their strategy so you know you are in good hands.

  2. Decide if you want a traditional agent or one that works online. There is a difference and sometimes the traditional way brings out the harder workers and more honest ones.

  3. Ask around- Ask your friends and relatives about the agents you want to hire. See what type of reputation those agents have. Plus, check their experience, track record, if they sell homes quickly or not, and so on.

  4. Check their professional memberships- Also check to see what their office hours are, how they handle slow interest, and why they value your home at the level they do.

  5. Double-check their contracts- Make sure it is one that you can live with. There are 4 types of standard contracts- sole agency, multiple agencies, sole selling rights, & Ready, Willing, and Able Purchaser.

The last one is not the best as you have to pay the agent whether the house sells or not to the buyer your agent brings you.

  1. Watch out for high valuations- Some agents will value your home higher than its actual worth just to get the listing. Those are the ones you need to cut from your search list.

How Much Do You Pay A Real Estate Agent When Selling

The commission fee varies. Some agencies charge between 0.75 to 3.5% + VAT but some contracts may go as high as 10%. It will depend on the type of property, its location, and other factors on how much you pay your agent.

The good news is that the payment is not guaranteed and the agent is only paid if they sell your home. Unless you signed contract #4 above. Be wary of those agents who slash their fee at the first sign of resistance.

They may be inexperienced, desperate for the listing, or unethical and do not do a lot of work to sell your home. Right now the average agent’s fee is 1.42% and some agents will go to 1.2% when your home is valued at over 250,000 GBP or even 500,000 GBP.

You can negotiate with them on their fee and keep it fair to both parties. Just watch out for any hidden or extra fees that should be disclosed to you at the time of negotiations.

Some Final Words

When you want an experienced estate agent to work with, call our office. Our firm has over 10 years of estate experience and we can value your home just right as well as set a fee that is agreeable to you and us.

When you want the best buyer and the best protection when selling your home, you call us. Our agents are well-trained and know how to filter out the bad buyers from the good ones. You are in good hands with our company.

Not available