Buying and Selling Property

If you are planning to buy or sell residential or commercial property, it’s important to gain or pay the right price. Below are some tips that will hopefully help ensure that you do.

Consider your needs and requirements.

This may sounds obvious but buying property can be very exciting and many people get caught up in that excitement and forget what their requirements are and buy something that they later realise isn’t suitable or wasn’t really what they wanted.

Think very carefully about the location, the architecture, for example a listed building may look beautiful but if there is any changes you would like to make will you be able to?

If you are selling a property, you need to be sure that you are getting the correct value. Have a look at the price of any similar properties for sale or that have been sold recently in the same area. A local estate agent can value the property for you, if you feel their estimate is very different to yours then ask them to explain why they value it at that price. It almost goes without saying the better order your property is in and the more popular features it has the more money and interest it should generate.

Whether you are buying or selling a property the state of the property market is vitally important. If the market is buoyant and prices are high then it may be a good time to sell your property but it wouldn’t be a good time to try and buy an investment property. And of course vice versa if you are buying a property, you may be able to find a much better buy whilst the market is slower and property isn’t being sold at such a high rate.

If you want to buy and sell properties quickly and easily, you need to find a good local Estate agent that you can develop a relationship with. They will then list your property usually in classifieds and local newspapers and most importantly these days on the internet. Similarly they can make buying property much easier, they have list of property for sale and you can give them your specific requirements and they will show you properties that are suitable.

A good estate agent can make buying or selling property a more pleasant and straight forward experience. Visit Estate Agents in Bath for more help and advice on buying or selling property

Online Estate Agents Help To Sell Property Fast

The latest figures out for the UK housing market show that online estate agents sales were up this summer, including the traditionally quiet month of August.

People searching for houses using online estate agents were also up according to the increased numbers of people registering with online estate agents.

Further reports from the National Association of Estate Agents (NAEA) also revealed that many of these sales were generated from three to four bedroom properties.

This is all encouraging news, knowing that there are still serious sellers and buyers out there. However, it increases the pressure even more on first time buyers and the percentage of sales shows a decrease in this sector. The good news is the Government are announcing different schemes for first time purchasers recognising the fact that one of the main problems getting on to the property ladder is the larger deposit required.

Online estate agents know that the market needs first time buyers to keep the industry moving, and welcomes the governments’ budget decision. Research on the internet to find out more about these schemes as there may be one that could help you if you are a first time buyer.

Always use an agents that belongs to the appropriate redress schemes and complies with all the government legislation regarding the sale of a property. Only these online estate agents have links to all the major property portals, ensuring properties can be viewed all over the UK.

There is a growing number of websites offering a solution for selling your property yourself. Most of them charge a fixed fee to pay upfront for ‘marketing’. What they mean by ‘marketing’ usually constitutes a ‘for sale’ board outside your house and allowing access to their website showing guidelines through the selling process. Although this may be considerably cheaper in monetary terms, it certainly won’t assist you if you need to sell property fast.

The method of self-selling also precludes you from advertising your property on all the major websites such as Zoopla, Rightmove etc. and this is where every one searches to sell property fast.

Using this self-selling method could take much longer as it is similar to selling in the days before the online estate agent. Before the internet days the traditional high street agent only had the shop window and the local rags to advertise property and maybe a property magazine. This worked well enough for buying, selling and renting properties in those days, but now with almost every household accessing the internet, the self-selling method will not sell property fast.

When you have made that decision to sell your property you don’t want the progression of the sale dragging on after you have been made an offer and accepted it. Using an online estate agent will sell your property fast and efficiently.

If your budget for selling or buying a property is limited it is still advisable to use a reputable online estate agent as the old saying goes,’ you get what you pay for’. Many different packages are offered so it’s worth spending some time researching on the internet, as there is sure to be a package that suits your budget and can sell your property fast.

Selling Property Without An Agent

Whenever a person tries to sell a property, there are different ways of doing it. Earlier, this was done through real estate agents or through advertisement of the property in the newspaper. The seller used to advertise in the newspaper and the buyers could contact him either directly or through agents. But, now the trend has changed. More and more property owners are trying to sell their property on their own. This has become easier because of the internet. The internet has now provided a means for buyers and sellers of property to directly deal with each other.

Let us now analyse the pros and cons of both the methods of property dealings:

1. The expense involved: When an agent is involved, both the owner and the buyer need to pay commission to the agent. Whereas in the case of an online deal the owner just needs to pay a nominal fee for listing on the site. So, the expense involved in this method is lower.

2. Client Base Reach: When an agent is involved, the number of clients is restricted to clients registered with him whereas in the other method unlimited clients can be reached. Listing property on online portals also breaks geographical barriers.

3. Effort Involved: When an online agent is involved, the efforts of the owner are reduced as compared to the case when the owner himself looks for buyers.

4. Marketing of property: When an agent is involved, the owner is totally at his mercy, regarding the marketing tactics used, whereas using online methods, the owner himself markets his property. He can upload descriptions about the property. He can also upload pictures on the site which give a better idea about the property to the clients.

5. Inspection of the property: Compared to an agent, an owner is in a better position to show his property to the clients. This is because an owner can give a personal touch and highlight the special features of his property. Even if an agent is involved, many a time the owner ends up showing the property to the clients as there are chances of disinterested customers.

6. Negotiation: Whenever any deal is being negotiated between two parties, it is best to avoid middlemen. Therefore for finalising the deal between the owner and the buyer it is better to avoid the agent.

As we can see, the benefits of avoiding agents outweigh its drawbacks. Sale of property by the owner has become very easy because there are numerous property listing websites available. The sites are user-friendly. Listing property is a simple process.

Therefore, it can be concluded that avoiding agents in this tech-savvy world is a better way of buying and selling property.

How to Sell Property Online

There are various ways to go about selling property or real estate but lately selling property online has become on increasing trend. At the beginning of the century the property market started to take a nosedive and especially since the recession crippled the UK economy, people have been looking for cheaper and more efficient ways to do things.

Estate agents have developed an unforgiving stigma surrounding the services they offer for selling houses and property, usually derived from the fees they charge vendors. It would be fair to say that the unpopular estate agent isn’t making a dazzling comeback since the slump of the property market.

The online estate agent however is another story, often allowing vendors to take more control over the sale of their own property and thus cutting costs. Property portals are springing up all over the place since the drought on the property market, and are now growing rapidly.

Depending on which property portal you decide to use, you can sell property online virtually all by yourself. Usually this involves taking pictures of your property and writing a description about the property you want to sell. You can also set your own asking price though normally there are people that can help you evaluate your home so that you can demand a fair asking price.

Selling property online also has the benefits of not incurring excessive charges which need to be paid to ‘the man in the middle’- i.e. the estate agent or entity selling your property. Many property portals charge a one-off fee for you to list property on their site and that’s the only money that will exchange hands. Some agencies even offer a ‘commission free’ bonus for using their site where you will not pay any commission if your property sells.

Using online estate agents or property portals to sell property online is relatively easy and most instructions will be laid out for you on their website. It is advisable to choose a website that has advisors available to talk directly over the phone so that you can call for help and advice if you need to.

With many property portals to choose from and their increasing popularity, it is wise to research any that you are considering giving your business to. Some portals may see a niche in the market and simply take advantage by setting up portals purely to make money without having a vested interest in selling property. These portals however, won’t survive long and it should be fairly obvious to spot the crooks. Stick to reputable names with low cost service and you won’t go far wrong.