Think twice about selling your home through estate agents

For many people, selling through estate agents represents drawn-out procedures, underhandedness and the risk of chain-breaking. By implementing the ‘push factor’, for example, some estate agents over-valuate properties in order to inflate prices – and their commissions – during the peak selling season. Initially, the promise of a good deal fills the homeowner with hope. This emotion soon crumbles into frustration and despair however, as two unforeseen eventualities come into play.

Firstly, your property remains unsold. London home buyers are becoming increasingly aware of the trend of inaccurate valuations, and thus know when to refuse an unrealistic asking price.

Secondly, the impressive figure that the estate agent determined to be your home’s market value is not realised in the offers you receive. Homeowners who are under financial pressure are thus forced to sell for much less than they originally expected. In addition, this already reduced amount is now subjected to an array of hidden costs and deductions that the estate agent failed to mention at the beginning.

Also critical is the substantial amount of money that home sellers lose to estate agents’ commissions, which can be up to 7% of the original inflated market value. If you opt for an alternative house selling method – such as selling to a home buying company – you could avoid hidden costs and price uncertainty.

Not all UK home buying companies can be trusted

Many national homebuyers take advantage of homeowners who do not understand the complexities of the property market. This is especially risky for individuals who need to sell their properties fast due to financial urgency or other emergencies. Numerous London property buying companies lure consumers with unrealistic claims, such as instant cash and the eradication of debt, in order to purchase their property for far less than market value. Offering clients the option to lease their homes back after the sale, they often expect a rental fee that is as high as the seller’s former mortgage payments. Then there is the issue of valuations – various London home buying companies disappoint homeowners with drive-by home valuations after charging exorbitant fees for “thorough” valuations.

Why MPG Investments is the best option for you

MPG Investments, the UK’s premier home buying company, is dedicated to business transparency. Hence, we ensure that all costs are disclosed and explained at the commencement of business relationships with our clients. Starting with a realistic property valuation, we eliminate any uncertainty you might have regarding your home’s market value. As part of our “no fee” promise, we offer a free value assessment anywhere in the UK – all we ask in return is that you are committed to selling to MPG and that you understand that we offer 15 – 20% below market value.