The Different Options When Selling a House

Many people believe that an estate agent is their only option when it comes to selling a property. However, there are now more options than ever available to people who are selling their home. Here is an overview of four of the options available.

Estate Agents

An estate agent is a typical choice that most people make when choosing how to sell a house. The main benefits of using the services of an estate agent include the use of various marketing strategies, support with the legal and financial aspects of the process, the agent finding potential buyers for your home and sound knowledge of the local property market.

While an estate agent may seem the obvious choice, there are also some downsides to choosing this option. These include the length of time it takes to sell your home with no guarantee of a sale, you may need to drop the price of your property, there are expensive estate agents fees to pay and the house sale may fall through at the last minute.

Private Sale

Many people are now considering alternative ways to sell their house and some people opt to do so privately. The main advantages of doing this are that you have full control over how much you sell your house for and how the property is marketed. Also, you will not have any fees to pay to an estate agent.

However, it is worth noting that selling a house privately is a risky move if you do not have any knowledge or experience of the financial and legal aspects of selling a property. If you choose this option, you need to make sure you are fully informed about the legal and financial implications involved by consulting a solicitor that specializes in property matters.

Property Auctions

A further option is to list your house at a property auction. This is sometimes a good choice for people who need a quick house sale as a property is more likely to sell quickly in comparison to using an estate agent.

Using property auctions is a risky business, though. You might not get the price you want for the property and it may not sell at all. You should also remember that there are fees for selling a house at auction and sometimes these fees apply even if you do not sell the house. Make sure you are fully prepared and aware of the costs before deciding to use a property auction.

Online Property Buyers

Finally, you might want to consider an online property buyer. You may have seen advertisements from companies saying ‘we buy any house’ and that is exactly what an online property buyer does. They buy a house directly from the vendor at an agreed price regardless of its condition and then take on full responsibility for renovating the house so it is in a marketable condition before selling. This option is great for people who need to sell a house fast. Further benefits include no additional costs, you can move on your timescale and you avoid the stressful process of house selling that you would have when using an estate agent. Companies like National Property Trade and HouseBuyFast are two of these types of companies.

These are just some of the options available to you and which you choose is entirely up to you. Your decision will be based on many factors including the price you need to achieve for your home, whether you need a quick house sale or not and whether you are prepared to take risks. You should research each option thoroughly before coming to your decision.