Selling a House- Maximise Your Profits
In today’s prevailing housing market conditions, more and more people are searching for different ways of obtaining more equity from their property investments. As house prices have been levelling off, or even decreasing in some places, it is becoming increasingly apparent that sellers need to search for more resourceful ways to boost their potential profits.
And it is looking like estate agents will bear the brunt of this as it could be their commissions that are at risk. Obviously some people are still going to need an estate agent to act for them but an increasing number are realising that they can market their own properties themselves. Why pay thousands of pounds to get someone to show other people around your house when you are perfectly capable of doing just that yourself?
Government figures value the average price for a UK property at a little over £218,000. So, by taking this into consideration, if the estate agents fees were at 2%, that would be a total of around £4300, VAT not included. This would mean that even if you owned your house outright, the savings on the estate agent fees alone would be the equivalent to having a 2% rise in the equity from the property. If you still have a mortgage to pay off however, the equity will actually be less as the percentage of the profit an estate agent now takes will grow.
The market for selling your own home personally is increasing year upon year in the UK and is forecast to keep increasing to the levels being experienced in the United States where this is a recognised practice. Lots of websites, although differing in quality and price with the services they offer, will generally allow you to buy a 'for sale sign' which you are able display outside your property, and also an online advertisement, for under £150. The adverts are shown on major property websites which are utilised by the majority of estate agents to advertise the properties they are representing.
These are websites that can help sellers reach millions of prospective buyers each and every month and it must be said that the picture private sellers now portray is just as professional as a traditional estate agent. If you are looking to put your house up for sale and are concerned over the state of the current housing market, then it is well worth considering your options as it could turn out very costly not to.