Usually, buyers and sellers hire estate agents to avoid the hassle; after all, estate agents are the experts in their field! For instance, estate agents in Leeds will know the local housing market inside and out, and they can provide information about local asking rates, average selling prices, market demand, local trends and so on, which is both useful and essential. With that being said, yes, you can sell your house without using an estate agent but it isn’t going to be an easy process. To sell a house without an estate agent means you will have to take on the role of the estate agent! Let’s go through the steps of selling a house in the UK to figure out if selling your house without an estate agent is as easy as you might think it to be!
Preparing the property
First and foremost, you need to get your property ready to sell. That means taking care of any renovations, small or big, and fixing anything that might be damaged or broken. After that, you need to clean the property thoroughly, try to declutter the space and make sure that it is ready for viewing. When you have an estate agent on board, he or she will let you know exactly which areas to focus on and how to go about staging your interiors to highlight the best features of the property, because first impressions matter!
Listings, photographs and descriptions
There are a select few websites that allow sellers to list their properties online without using an estate agent. All you need to do is write detailed descriptions of the property, highlight all the main features of your property, set the right price and list the property online. While this may sound easy on paper, it really is not. An estate agent has a whole team of people to stage the interiors, take high-quality pictures, write detailed eye-catching descriptions and describe the property in a way that will appeal to potential buyers. After all, listing the property online vs listing the property online to attract potential buyers are two different things!
Set the right price
To set the right price, you need to do your research. Understand the local market as well as the local trends, figure out the average selling price for similar properties and do some research to learn about the market demand. Then, based on your findings, you need to set the right asking price, without setting it too high or too low. On the other hand, a good estate agent will already have enough information regarding the local trends, average selling prices and local market predictions – so when your estate agent helps you set an asking price, you won’t have to worry about it being too low or high.
Once potential buyers get in touch with you regarding the property, it is time to start planning house viewings. Usually, estate agents plan house viewings so that sellers do not have to deal with multiple buyers walking in and out of their homes. Estate agents get in touch with interested buyers, plan and arrange viewings and walk potential buyers through the whole property while showcasing the best features of the property. However, without an estate agent, you are going to have to arrange house viewings and show potential buyers around your home, for weeks on end!
Again, negotiating is an art that not too many people are good at. Of course, a good estate agent will be an expert negotiator which is one big advantage of using an estate agent. However, if you are not using an estate agent then you are going to have to negotiate an offer with the buyer yourself, which is no easy task. An estate agent negotiates offers and closes deals for a living, while ensuring that the buyer and seller are happy, which isn’t an easy task. This is why it is better to leave the art of negotiation to the experts!
Finally, if there is an offer that you would like to accept, you need to hire a solicitor to deal with the paperwork. From exchanging contracts to completion, there is a whole lot of paperwork involved, which is why you need a good estate agent as well as a solicitor! After all, this is a whole lot of legal paperwork and everything needs to be in order. So, while it is possible to sell your home without an estate agent, it is always a good idea to seek professional help, especially when it comes to such large investments!