Questions to ask an estate agent when selling your Wapping property
Estate agents might be an option for some homeowners looking to sell, because these companies will prepare the listing for your property that describes the house or flat and includes photographs of it, and they will advertise this listing to generate interest in the home. They will also lead viewings for buyers to you’re the property, and oversee any genuine offers.
But they will also charge you commission, usually based as a percentage of your property’s final sale price, for this effort. The fee will be deducted from whatever final sale price you’re able to get for the property, which in turn will lower your net sale profit.
When you’re thinking about using an estate agent, you should first search for specific company names online. This is a quick, simple and free way to potentially uncover any negative news articles of bad customer reviews about an estate agent that might help inform your decision about whether to use their services, or consider another option for selling your property.
You should also email or call estate agents and ask them various questions that should provide more insight into how they work, and whether they’re the best fit for your goals when selling. Below we’ve provided some sample questions and what to pay attention for in the answers.
The average rate of commission an estate agent charges will often be charged as a percentage of your property’s final sale price, although some companies might charge more or less in fees. The commission will be taken out of the sale proceeds, reducing your profit. Think about using a fast buyer to sell instead, as they will not charge you any fees.
Some estate agents only know how to find buyers for certain types of properties, and they might not know how to attract interest in homes with features that some buyers might consider to be problems – such as having solar panels, septic tanks or anything else. If they’ve never sold such homes in the past, this could indicate they’ll struggle to also sell yours.
Selling your house or flat can be a stressful experience, and that’s why it’s important that you know which staff members with an estate agent will be handling the sale of your property. Asking this question can be one way to ensure that you have a specific contract with the company that can provide you updates on how they’re attempting to sell your home.