Questions to ask your estate agent when selling you home in Woodford Green
One option for selling your Woodford Green home is to use an estate agent, who will prepare a listing for your property that includes text descriptions of its main features along with photos designed to make the interior and exterior look as good as possible. They will advertise the listing in their office, online, and in local media, and will take interested buyers on viewings of your property. They’ll also be responsible for fielding offers and overseeing a final sale.
But there can be some drawbacks from selling this way, including the fact that it may be many months, or possibly even more than a full year in some worst case scenarios, before you receive a serious offer. And there’s always the danger that the buyer could walk away from the sale up until contracts are exchanged, putting you back to the start of the selling process.
Estate agents will also charge commission for their work, and this will have to be subtracted from the sale proceeds, which in turn lowers the total profit you’ll make from the sale.
Should you be interested in using an estate agent to sell your home, we recommend calling or emailing several businesses and asking them some or all of the below questions. They should give you an insight into whether a particular estate agent is the right for selling your property.
The average estate agent rate of commission can be anywhere between 1.15 percent and 1.40 percent of your property’s final sale, although it can higher or lower for some companies. Always ask this question because the answer is essential in order for you to calculate a rough estimate of how much the estate agent’s fees will lower your net profit from the sale of your property.
Some estate agents only know how to sell specific types of properties, such as freehold houses, and they might not have any experience with selling homes that have unique features such as septic tanks or potential problems like dry rot. If an estate agent has never succeeded in selling your type of house or flat, they might struggle to get any buyers interested in it.
Selling your house is a major decision and many owners who use estate agents want the peace of mind that comes with having direct and ongoing contact with the person selling their property. Asking this question can help you to learn whether you’ll get that experience, or whether you might get frustrated by not having a dedicated agent working on your sale.