Ok, so who knows how to sell a house...... - HotUKDeals
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Ok, so who knows how to sell a house......

Shengis Avatar
8y, 9m agoPosted 8 years, 9 months ago
Legalities, what needs to be done, paperwork etc?

Had 3 estate agents out over the weekend and i'm even more in the dark now than I was tbh. How feasible is it to actually market and sell you own house? Any thoughts or website links?

Cheers.
Shengis Avatar
8y, 9m agoPosted 8 years, 9 months ago
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Comments/page:
#1
Come To Golborne £90 Grand For A Terrace
#2
heres something interesting

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/08/25/pebay125.xml

ebay and youtube for selling your home lol
#3
raptorcigs
Come To Golborne £90 Grand For A Terrace


But how much for the chainlink fence and razor wire:whistling::p
#4
In seriousness i would check to see if there are many houses in your area for sale and how long they have been on the market for.

This gives an idea if houses are selling well in the area and an approx selling price.

As i used to do for my boss, ring around estate agents and ask then what the market is like in your area, how well are houses selling that kinda thing gives you a good head start.

this site lets you upload videos of your house
[url]www.showyourhouse.co.uk[/url]
#5
Off topic slightly, but anyone know if that man actually sold his house/lifestyle on Ebay?
If so, did he get a good price?

Also, on [url]www.rightmove.co.uk[/url] you can check the sold prices for your street/area within the last 8 or so years. (Handy to know how much the owners paid for the house you want to buy ;-).)
#6
Normally Estate agents take about 2.5% of the value you sell your house which to some people is a lot of money to show someone round a house but obviously they put adverts in local press, in their window and also alert current clients as to your house which may fulfill their needs.

If you sell it yourself I feel you may be giving out the wrong signals i.e. "If they won't use an estate agent then what else have they scrimped on" (No- I am not an Estate agent)!

I find that agents are trained negotiator and if you have a good agent then they will work hard to get the price you need.

Also! If you are unhappy with the agent you can walk away and use another (they ONLY get paid their 2.5% or whatever upon completion of the sale!}

I hope this helps?
#7
This is a useful book

House Buying, Selling and Conveyancing £5.99 @ Amazon
#8
mercury122
Also! If you are unhappy with the agent you can walk away and use another (they ONLY get paid their 2.5% or whatever upon completion of the sale!}


Now if I did appoint an agent and decided they were doing a bad job, dumped them, got a new one and the house sold straight away... Would they be able to claim the house was sold partially due to their advertising and try to charge me? I remember the old spitting image song... We are sole agents (read it quickly lol).
#9
Shengis
Now if I did appoint an agent and decided they were doing a bad job, dumped them, got a new one and the house sold straight away... Would they be able to claim the house was sold partially due to their advertising and try to charge me? I remember the old spitting image song... We are sole agents (read it quickly lol).


Yes they can claim if they are still under contract (often a 12 week contract or a rolling contract where you need to give notice.
If you go with another agent without telling your first agent and sell with the new agent then both are due a fee.

You can sell your house yourself but would still need a home information pack and there are big penalties if you don't have this in place. Once the sale is agreed you need a solicitor to do most of the work anyway so an estate agent isn't essential but helps A LOT
#10
Raflle it - set-up a website advertising and selling tickets at say £100 a ticket - set a minimum of tickets must be sold, if not then the cash is won.
i.e 2000 tickets @ £100 each would net £200,000. But say you only sell 800 tickets then the winner gets £80,000 - interesting idea ;-)
banned#11
Always re-negotiate the commission. Got mine reduced from 2 to 1% which saved me £3000 in estate agents fees!
#12
You could always go this route http://www.tescopropertymarket.com/

I'm not sure Asda isn't doing the same.

Key point is whether houses in your area are easy to sell or not.
#13
I would always get an agent to sell - their fee sounds a lot of money but is soooo worth it. Especially when you need a buffer zone between you and your buyer and you are arguing about things like whether the fridge is included etc!

I agree that you should always try to negotiate the commission - what have the 3 who have been round quoted so far? Does your area have a local agent that everyone uses when they sell? - if you aren't sure, you should look round your area and work out which agent has the most for sale boards up - it's probably them. It might be worth a slightly higher fee if you are with the agent everyone goes too as more people will see your house.

Also don't fall into the trap of thinking that the agent who valued your house at the highest amount is necessarily the one to go for ... better to sell it fast for a reasonable price than have it hanging round and then be advised that you need to drop the price.

Hope this helps.
#14
:) I have just (last month or so) sold and moved house for the .....th time....

To be honest - most of what has already been said is fairly accurate and true... It DOES pay to look in your local paper.... ETC ETC... There are a few good websites that I am not sure if I can put on here - but I am sure you know the main one, that you tap your postcode into and it gives you HEAPS of information about all sorts of things, plus one that shows you the number of houses that have been sold recently and for how much etc.. The average house price and so on....:whistling:

Selling Commission that the agent charges varies - it pays (you) to have it on 'sole agency' IF, and that is a big IF you think they can sell your property for you.... :roll:

Remember to do all the niggly things that you have been meaning to do before you have viewers around. Obviously get three valuations done if you want but DONT feel that you must go ith the highest one - you know as well as I do that this isn't going to neccessarily to be best choice - what you need is decent valuations, with the right amount of potential interested clients viewings.....

IF, you haven't sold it in the term period - this will ineviatbly mean that you could end up paying slightly more than the half a percent of whatever you have negotiated on sole agency basis...


But dont feel forced to do it.. There is also a website for selling private house that you may know of - again though you have to think about when YOU are going to buy a housre whare would YOU look - and I tell you what - I bet the 1st place is the Estate Agents!?

If you need any other assistance will help if I can - but you proobaly have got the knowledge - just daunting sometimes!?

Puuurrrrr.
#15
Not sure but I've heard a rumour that if you sell your house privately you don't need a home buyers report, another way of saving some money , might put some people off I guess :?.
#16
raptorcigs
Come To Golborne £90 Grand For A Terrace


Is that at the posh end :-)
banned#17
Max Cady;1804821
Not sure but I've heard a rumour that if you sell your house privately you don't need a home buyers report, another way of saving some money , might put some people off I guess :?.



If you did, then its false anyway.
#18
Max Cady
Not sure but I've heard a rumour that if you sell your house privately you don't need a home buyers report, another way of saving some money , might put some people off I guess :?.


csiman
If you did, then its false anyway.


You do not need a Home Information Pack for:

[COLOR="Red"]Properties where there is no marketing (e.g. sale to member of your family) [/COLOR]
Non-residential properties
Seasonal and holiday accommodation
Mixed sales (e.g. shop with flat)
Right to buy and similar sales
Sales of portfolios of properties
Properties not being sold with completely vacant possession
Unsafe properties and properties to be demolished.
Properties already on the market when the duty to have a Pack arises (1 August for sales of homes with 4 bedrooms or more, and 10 September for sales of homes with 3 bedrooms or more)
New homes built under Part L of the Building Regulations 2006 (these will be brought in by a separate commencement order in due course)


Source: http://www.homeinformationpacks.gov.uk/

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