In the wake of increasingly pricey, convoluted home sales facilitated by UK estate agents, more and more homeowners are opting for a private property sale. After years of handing over chunks of their home sale proceeds to estate agents in order to cover hidden costs, exorbitant commissions and an array of mysterious expenses, UK homeowners have had enough. For this reason, many have resorted to private home sales, opting to rely on their own (often limited) knowledge of the real estate world simply to avoid the complications and underhandedness associated with estate agents.
But is it really so simple to sell your house privately, without the aid of an expert? Read on to learn more about the advantages and drawbacks of a private home sale – and to discover a surprisingly simple solution to your home sale needs.
If you’ve decided to sell your house privately, it’s probably because you want a fast, streamlined home sale that is free of the unnecessary expenses and red tape that so often characterises an estate agent sale. You don’t need any special qualifications or skills in order to sell your home privately, and selling in this way does not mean that you’ll necessarily secure a lower selling price than an estate agent would – quite the opposite, in fact! Furthermore, by choosing to sell your home yourself, you’ll benefit in a number of ways – not least of all in terms of speed and financial savings.
By selling your home privately, you’ll avoid having to pay costly estate agent commissions and fees – and you’ll also avoid nasty surprises in the form of hidden costs and ever-mounting expenses. And, as you’ll be marketing your home yourself, you’ll have the peace of mind of knowing that your property is, indeed, receiving the attention it deserves – rather than being relegated to the back of an estate agent’s portfolio, simply because it may not be as desirable or luxurious as other homes on the market.
You’ll also be assured of attaining the highest possible selling price for your home when you sell your house privately, because you won’t be prepared to settle for less than the property is worth. On the other hand, estate agents struggling to sell a home are likely to settle for a lower price merely to complete the transaction. Their commission will be affected only slightly – if even at all – by this lower selling price, and hence it is not in their interests to wait for the highest offer. By selling privately, you’ll be in control of the sale, and you’ll know how low you’re prepared to go.
Finally, when you sell your house privately, you may find that it is a far faster process than selling through an agent. In some cases, estate agent sales take up to a year to complete! Without the endless paperwork, delays and complications of an agent-assisted sale, a private sale could be a much quicker and simpler solution.
While the advantages of a private home sale are numerous, this type of transaction may also be marred by certain drawbacks. For example, if your real estate knowledge is limited, you run the risk of being swindled by crooked conveyancers, attorneys or the individual who intends to buy your home. You may also be uncomfortable with the prospect of strangers traipsing through your home, and you could find that marketing your home appropriately runs into hundreds – or thousands – of pounds. While you may consider these downfalls to be far outweighed by the advantages of a private home sale, they must be considered nonetheless, as they increase the risks involved in embarking upon such a transaction.
Now that you’re aware of the advantages and drawbacks of selling property privately, wouldn’t be incredible to find a home sale solution that allows you to reap all the benefits of a private sale, without incurring any of the risks?
When you opt to sell to MPG Investments, that’s exactly what you’ll get!