5 reasons why you should be avoiding estate agents

Estate agents – next to lawyers and second-hand car salesmen – rank among the world’s least trusted professionals. Although this is obviously not applicable to all estate agents, one cannot deny that generalisations do usually stem from truth. Also bear in mind that this reputation did not develop overnight. Instead, it comes from decades of bad experiences shared among, and recorded by, homeowners from all over the world.

Read on to learn more about why opting for an estate agent could go against your best interests, and finally, discover how you could be avoiding estate agents and selling your home fast at the same time!

1. Inaccurate home valuations and hidden costs

   Homeowners rarely experience the benefits of transparency when dealing with estate agents. In fact, the joys of “what you see is what you get” are very seldom felt.

   Firstly, there is the tendency of overvaluation: Seeing that an estate agent’s commission is calculated as a percentage of a home’s original market value, it is in their best interest to keep this figure as high as possible. To this end, unscrupulous estate agents often send their own valuators to record inflated home values, and hence, the agents secure higher commissions for themselves.

   Initially the homeowner is overjoyed, as the high selling price will yield a large profit. It is only a matter of time, however, before the homeowner starts wondering why the house remains unsold. The fact of the matter is that London homebuyers are becoming increasingly sensitive to the trend of overvaluation, and they are thus unlikely to accept unrealistic offers. This is very bad news for homeowners in need of a fast sale, as buyers simply stay away.

   Secondly, there is the issue of extra expenses and hidden costs that affect homeowners by eating into their selling profits later on. This is especially frustrating, as in most cases, the estate agent failed to discuss all possible eventualities with the homeowner, and thus, did nothing to prepare the homeowner for these deductions before the contract was already signed.

2. Delay: Selling your home could take up to a year

   Delay is another major reason why avoiding estate agents is the best way forward – especially for homeowners with a pressing need to sell their properties fast.

   Think about it: twelve months is simply not a realistic waiting period for homeowners who are selling their homes to deal with serious issues such as mounting consumer debt, bankruptcy or impending repossession.

3. Inconvenient public viewings

   Selling property through an estate agent invariably requires the homeowner to endure numerous public viewings of their home. Bearing the fact that it could take up to a year to sell a home in mind, ask yourself this question: Are you prepared to put up with strangers moving in and out of your home – and with having to keep your home spotless – for so long?

4. The stress and hassle of finding alternative accommodation

   Blinded by financial concerns such as looming repossession – or by the excitement of emigration, for example – many homeowners forget to stop and think about what will happen after their houses are sold.

   Even if a homeowner manages to sell their home to an estate agent in as little as one month, they will still need to find somewhere else to live until they are ready to purchase their next property, or in the case of the future emigrant, they are ready to leave. However, many homeowners have found that moving into rental accommodation can be an expensive, stressful and disrupting ordeal.

5. You can get a much better deal with MPG!

   Thanks to MPG Investments, the UK’s premier property investor, you can avoid every one of the above-mentioned problems, and more. With us, you can sell your property in just seven days!

Even better, MPG is committed to a work ethic of honesty and transparency. To this end:

• We work with professional valuators who submit accurate results
• We present these results to you within 48 hours of your first call to MPG
• We explain all the terms, and give you time to decide
• If you wish to proceed, we can buy your home in 7 days

Moreover, we present you the opportunity to Sell and Rent Back. Thanks to this innovative offer, you can sell your home and then rent it back from us for as long as you need to. This way, you don’t have to worry about finding alternative accommodation, or about the stressful process of moving.

Contact MPG, and let us tailor your property solution together!

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