Choosing an Estate Agent – Tips From Property Professionals

When using an Estate Agent to sell your property, it is important to choose the right agent for you and the type of property you are selling. Here we outline some simple top tips on what to look out for when choosing an Estate Agent.

Check out Local Agents estate agents woodbridge

Agents near to the property you are selling will have more experience of your local area and the type of property you are selling. Check how many properties they are selling in your area.

A measure of the agents success rate will be the number of their ‘For Sale’ boards displaying in the area that have ‘sold’ written on them whilst an indication of their suitability to the type of property you are selling can be found by checking the Local Papers and see how many similar properties that particular agent is selling.

Which Estate Agents do people you know use?

As with a lot of services, personal recommendation goes along way.

Ask someone who has recently sold a property which agents they sold it through and get an idea of the level and quality of service they were given. Ask how long it took for their property to sell.

Don’t be taken in by the one who gives the Highest Valuation

Anyone can provide you with a high figure at which to sell your property. This is a common ruse used by agents to secure a seller’s business. After a short while, they report to you that due to the fall in the market (or some other excuse) you will have to drop the selling price – although by that time you are already tied into a contract with them.

Get several different agents to value your property; and although they are all likely to vary slightly – beware of the unusually high valuation.

When given a valuation ask for examples of properties of your property’s type and location that have sold recently at that price. You can also check this from various house price websites that are on the internet which provide details of properties selling in a particular area.

Negotiating the Right Fee

Negotiating a lower fee does not always pay. A lower commission reduces the agent’s incentive to sell your property and properties attracting higher commissions may take precedence. Try and provide an incentive by negotiating a sliding scale of fees with them. If the property sells for the full asking price, they will get the commission based on the highest percentage of the selling price, the percentage should then reduce according to the selling price achieved.