Find a good Estate Agent

This might seem obvious, but finding a good agent is crucial as it may influence the sale and price your property will go for. Most agents will say they can sell your home quickly, but few can. Here are a few tips to help you decide if the agent you have found is good enough for you:

• If you want to use a trained estate agent, use one who has signed up to the Ombudsman, or National Association of Estate Agents. Both organizations abide by a strict code of conduct.
• Have your property evaluated by at least 3 agents from different companies, to get the true price value of your property.

There are some important points to remember and understand within the contract, as well as the terms.

‘Sole Agency’ means the only person with the right to sell you house is the estate agent, and you will not have to pay the estate agent if you find a buyer yourself.
‘Sole Selling’ also means the only person with the right to sell you house is the estate agent, and they will still have to be paid even if you find a buyer yourself.
‘Ready, willing and able purchaser’ avoid this contract like the plague. If a buyer is found by the estate agent, and you withdraw from the sale at a later date for whatever reason, the agent will still have to be paid.
‘Multi-agency’ is good for mass advertising, as this allows you to pick numerous agents to advertise your property, but only the one who sells it will receive the commission.

Check how long the contract is for; making sure it’s not longer than eight weeks. Beware of the notice period which is a short contract lasting for two weeks. Ask about what the charges can cover and what details will be going into the marketing plan, and how they are intending to advertise your property.

Also look for other sale boards within your area, to get an idea of how many similar properties are selling for, to give you a clue of putting a good selling price for your home.

How visible is the agent you are using in the market? Look in the local newspaper for a company that frequently advertises, as it’s a sign they are doing well and you know they are worth trying. It is also worth knowing how long properties have stayed in their books, as again this would give some idea of how good an agent they are.

Remember with cheaper agents you normally get what you pay for! They may not ba able to help you sell that house quick.

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