There are a number of reasons why you may want to sell your property. Selling your property online could be cheaper, faster and offer more control over the sale than working with a real estate agent. From helping you get faster valuations (more information) to a slicker process, there are many reasons people choose to sell their properties online.Here we share the main advantages of selling your property online.
One of the biggest advantages of selling your property online is the money that you will save. Depending on which real estate agent you work with, you could be charged a commission fee anywhere between 1 and 2.5 per cent as well as VAT.
Working with traditional agents always incurs a percentage of the property sale price. Due to the rising property prices, this percentage pricing model can work out to be very expensive.
Online agents, on the other hand, tend to charge a one off fixed fee which can range in price depending on the website that you choose. You could therefore end up saving thousands of pounds, much like if you arrange financial products such as secured loans without a middleman or broker. Additionally, when selling your property online you can save money with incurred costs. Any costs are absorbed by the buyer and there are no upfront costs you need to pay.
Handle Your Own Viewings
When using an online estate agent, you will be in charge of your own viewings. This means that you can work around your schedule in order to decide when to conduct the viewings. It also means that you will meet any prospective buyers and can answer their questions. The majority of online markets have an area in which you can set certain times and accept viewing requests.
Communicating directly with potential buyers will also save you the back and forth of working with an agent. When working with traditional high street agents, lots of time is wasted waiting for the agents to communicate with the buyers and organise the time of the viewing. When you take control of the communication directly it can significantly speed up the process.
Take Control of Your Listing
If you choose to sell your property on an online marketplace, you can directly control your advert meaning that you are responsible for choosing the pictures, writing the description and making any changes you want at any time.
Online agents also offer many different services and packages so you have a range of different options available to you. For example, for an extra cost you can outsource photos, floorplans and even property descriptions. Depending on the marketplace, you could even pay extra for a virtual 3D tour which could increase your chances of selling your property.
Set Your Own Prices
Selling your property online means that you can establish your own price. While it can be tempting to set your price as high as possible, it is worth researching prices in your local area and see what similar properties are selling for. When you work with real estate agents in your local area, they can usually offer expert knowledge and give their professional advice about which price is right. It could be worth asking local estate agents and using their opinion to guide the price you set.
Sell Your Property Faster
Working with traditional real estate agents can be a slow process with lots of different steps including the valuation, a session to take photos and create a floorplan, and then putting the listing live. With online estate agents, you can cut out the middleman and get your listing live within 24 hours of the valuation.