A lot of people who are looking to sell their home immediately think of using a local agent to deal with the sale. There is something to be sad for this measure, but there are a lot of pitfalls too.
Firstly of all, there is a good chance that your local agent will not market your property in all areas of the country. They tend to focus on the local area, but with families now relocating all over the country at any given time, is this really the best way to market your property? Another problem with local agents is the likelihood that they will get the price wrong. This is not to say that they don’t know how to put a fair and realistic valuation on a property, it is more that there is so much local competition to sell that it is a good way for them to try to get ahead of the competitors. Market the house for more than it is worth, and reduce the price a couple of months in when the vendor is still tied into a sole agent contract.
This is where using a national agent comes in. They are not in competition with your local agents and can therefore put a realistic valuation on your property. On some occasions a national estate agency may be able to offer you a sale without charging you a commission rate too – and that can save you an awful lot of money. Commission rates are traditionally any where between 1 and 2 percent of the overall sale price of your property, and this can run into tens of thousands of pounds quite regularly.
Make sure you choose your agent carefully, and good luck with your housesale.
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