Selling a home can be a stressful rollercoaster, but having an experienced agent is crucial to reduce stress of selling your home. 99percent of all sales are conducted by estate agents. in the end, estate agents are experts in selling of properties not the property’s owner.
Here’s some suggestions about why you should work with Canary Wharf estate agents, what you should be looking for, and how you can collaborate with them rather than against them.
1. Why should you instruct an agent?
The main reasons to hire an agent is due to their negotiation skills as well as their ability to sell your house to largest possible market and their expertise in managing the sales process.
2. Agent charges
If you are choosing an agent, make sure to inquire about what their charges are. The typical range is 0.5 percent to 3.3%. Certain agents may be willing to negotiate fees, but others aren’t however they should be asked.
A real estate agent could have sold hundreds of houses however, check if they’ve already sold on your street or sold homes similar to yours in the past. What was the price they achieved and what’s the current market value for your particular kind of property.
4. The price of the offer
The price you are asking for the property will greatly impact the level of interest that your property receives. We suggest asking three local agents to appraise your home. Agents don’t charge fees for this. If you’ve looked up past sold prices and three-agent valuations, you’ll have plenty of facts to make an educated choice with your agent in regards to the most appropriate asking price for your home.
5. The promotion of your property
Be sure to inquire about which agent will promote your property. With more than 82% of buyers beginning their search online , check whether they’re on any of the big property websites. Do they plan to place a noticeboard in front of the property, if yes, where? What is their website and do they have a an example of what the property’s details might appear like? Do they have ads in local newspapers, or perhaps?
6. Terms and Conditions
The majority of estate agents will require you to sign standard conditions and conditions after you’ve agreed to their appointment. It is worth taking the time to study the fine details. What notice do you need to give in the event that you decide to switch agents? What is the an agency fee for joint agencies should you choose to go for an added agent later?
7. Agent-agent connections
The process of buying and selling homes is about relationships and people. The way you manage these relationships is essential to having a successful selling experience. You must be sure that you have the confidence to collaborate together with the agent. It is important to believe that they’ve got your best interests in mind to reduce stress levels.
8. Take their suggestions
The person you choose to work with will likely to provide clear-talking advice that could be the difference. It may be difficult to comprehend, but the results can be beneficial. It could be a suggestion for a splash of paint, a few hours in the garden, a tidying of shelves for books, de-cluttering or putting away toys for kids. In some instances, they might bring up bigger and more expensive issues, such as windows, damp, or lease extensions.
9. Work with, not against your agent
A professional agent will only perform their work when you are working with them. Be sure that they have keys right from the beginning. You can allow them to put up an advertising board on the outside of the building. Try to be as flexible for viewings as possible…even the first thing on the morning of a Saturday. Many agents prefer the owners don’t attend at viewings. However, some might suggest it’s best to be present for an additional viewing. Make sure to check with your agent. Keep in mind, it’s only one buyer.
10. The deal
It is likely that a buyer will bid lower than the price they’re asking for at first. Don’t let this discourage you. Your agent must be aware of the buyer’s position and guide you on the best course of action. In certain situations, agents might recommend that in order to increase the value or the sweetness of the offer, you consider making a chain-free sale by transferring to a rental home.
11. The study
A majority of buyers conduct surveys of their property. Surveys could create additional hurdles for the seller and the agent to get over. Take into consideration the concerns that the buyer has raised. If needed, you can have your own specialists examine the issue, and then attempt to negotiate a solution with the buyer through an estate representative if you believe that the arguments made are legitimate. Most likely, your agent has been in a position to inform you of potential issues that could arise when you hired them.
12. The date for exchange and completion
After the agreement is reached, it’s easy to believe that the hard work is accomplished. To keep everyone on the same page, it’s essential to know when the buyer would like to change contracts and move into the property. All of this will be handled by solicitors, however, try your best to ensure that it works for both parties to keep the process running smoothly.
Fisks London – Property Sales, Lettings & Management.
Suite 2, Parker House, Admirals Way, London E14 9UQ
020 7517 8810