Private house sales are essentially the same as a for sale by owner. The main benefit is avoiding the hefty percentage fee, charged by a high street agent on the sale price of your home.
It can be a great way of maximising the profit on the sale of your house but there are a few things to consider. The workload is vast and there are a number of areas that often get overlooked when deciding to go it alone and sell your property yourself.
Things to consider in a private house sale:
Price & Position
One of the main reasons behind a property failing to sell can be the price. Making sure you value your home correctly is essential, to avoid it being sat on the market for months on end with no interest.
Although the internet has gone some way in helping to remedy this issue, it is highly recommended to consult a professional to ensure you are asking the correct price. The market is constantly changing and it is the main influencing factor that will dictate the price you can get. Researching sold prices in your area is a good starting point, or give us a call at Emoov, we offer free online valuations and are happy to give you a helping hand.
Marketing Your Property
This might sound simple but with online portals, such as Rightmove and Zoopla, making the high street agents shop window practically obsolete, it can be harder than you might think. To advertise on these portals you must be an established estate agent, so selling on your own excludes you from this.
The result? You miss out on a huge marketing footfall, which is almost impossible to generate via your personal social media platforms or via the local press. At Emoov we not only advertise on all of the major portals, but with your input we also tailor your listing to maximise the sale potential of your property. All inclusive with each of our packages.
Once your property starts to gain interest you will be inundated with calls asking to view. This can be time consuming and unless you are extremely well organised, it can soon turn into a nightmare.
You are also responsible for hosting viewings which can cause further time constraints, however research has found that 50% of buyers prefer this. At Emoov our experienced viewings team organise and confirm every viewing on your property, keeping you updated in the process and giving you more time to prepare to sell your property.
Seeing Your Sale Through To Completion
So you’ve managed to find a buyer on your own, job done? Unfortunately not, there is still the pain staking process of seeing your sale through to completion. Again this can be an extremely time consuming process and can make getting on with your daily life almost impossible.
There is the rigmarole of potential chains, chasing estate agents, solicitors, exchanging contracts, chasing for the return of the contracts, the potential of your buyer pulling out, unforeseen issues from surveys and the list goes on.
It can be a mine field of unforeseen hiccups causing immense stress, running for weeks on end. Unless you are 100% committed to selling yourself, it’s not advised. But there is another way without forking out a high percentage fee. emoov’s expert negotiators handle the sale of your property all the way to the very end. Not only will we do all of the hard work for you, but they consistently achieve a great price for all of our sellers.