Benefits of using an Estate Agent

They have experience and long term knowledge of the local market. They are in the best position to know what properties are likely to sell and at what price.

They are trained negotiators, as the majority work on commission they will always try to get the best possible price for the seller.

They exhaust most of the marketing tools on offer, sharing your property details with many house hunters.

Most Estate Agents take care of all the viewings, and are a contact when there are any problems like delays in the chain, using their experience to handle this as smoothly as possible.

 

Hiring an Estate Agent

Do your research before you hire an Estate Agent. It is not always about securing the lowest fee and the highest asking price. Ask around friends for recommendations.  Start by visiting Estate Agents in your local area that are selling houses similar to yours. When they visit, ask them the following questions:

How many similar properties have they sold? At what price?

How many viewings and how long did it take to sell the properties?

How many buyers are looking for properties like yours?

Are they a member of either the Property Ombudsman (formerly known as the Ombudsman for Estate Agents) or Ombudsman Services: Property? All estate agents must belong to one of these Office of Fair Trading-approved redress schemes. You can check on the schemes websites whether an agent is a member.

What price would they market your property for? What house price would they expect you to get? What price would they value your home for a ‘quick sale’?

Who will do the property visits?

Can you have a copy of the agency's contract?

How and where will it promote your property? Which property websites will the property be advertised on?

What are its charges and when do you have to pay?

These questions were taken from Which.co.uk property guide for more information on hiring an Estate Agent visit www.which.co.uk