Mar 10, 2021
5 min read
Throughout our lives, we buy and sell a lot of things, but very few compare to the sale or purchase of a home. And the road to selling isn’t always so smooth. Whether you’re selling your much-loved house or an investment property, finding and choosing an Estate Agent to sell your home is a big – and important – decision to get right.
Using an Estate Agent is by far one of the most popular ways to sell. As one of the largest transactions you’re likely to make, having an experienced agent by your side can help make sure everything goes as smoothly as possible. Fortunately, finding the right professional doesn’t have to be difficult. We walk you through the process of how to choose an Estate Agent to sell your house.
A great way to begin your search is to ask family, friends and colleagues if they recommend a particular agent. Perhaps they had a particularly good first-hand experience or know someone who sold a similar property to yours.
It’s important to consider the facts, such as how quickly they sell the house and how close they come to achieving the asking price. But you’ll also want to work with someone who is experienced, enthusiastic and helpful. They will be your first point of contact for potential buyers, so make sure they can represent you and your property well.
You should now have two or three agents in mind. To whittle it down, ask questions. Either head to their office (if they have one) or book a valuation online in just a few easy steps on Boomin. When they visit your property to conduct their market appraisal (how Estate Agents refer to a detailed valuation of your property), take the opportunity to get to know them and their services.
Here are a few important questions to ask Estate Agents when selling:
Each agent that you ask for a property valuation will give you a rough asking price figure, as well as the price they expect to achieve (keep in mind that these two numbers may not be the same). In fact, each agent might give you different figures, so take note of each. Ask for reasoning behind their choices.
P.S. Don’t assume that the highest valuation will be successful – your house could end up sticking around on the market if it’s overpriced. And before you ask, “How much is a house valuation?”, this service is usually free.
Ultimately, you want to choose an agent who you get along with, as well someone who will get the job done. You’re going to be spending time together and will need to make some important (and possibly stressful) decisions. It’s worth working with someone who you feel genuinely understands your needs. Unfortunately, we can’t advise any further on this matter. Trust thy gut.
Currently, the industry is unregulated, which is why it’s a great idea to work with an agent who is a member of a trade body, such as the National Association of Estate Agents, committed to applying a strict code of conduct. This ensures you’re partnering with an agent who adheres to a certain level of standards, professionalism and diligence.
The costs of selling a property vary depending on the location, property type, Estate Agent selling fees and more. The average price to sell a home in the UK (at time of writing, early 2021) is between £5,000 and £8,000. Before you panic, this estimate includes rough agent fees as well as other potential costs such as obtaining an EPC (Energy Performance Certificate), conveyancing and removal expenses.
So, how much are Estate Agent fees when selling a house? For some, rates will be based on a percentage of the price paid by the buyer – that is their commission. Other agents charge a single, flat fee. What each agent covers can vary hugely, and it’s likely that there will be different packages available for different price points. Compare both services and bottom-line costs.
Before making the final decision, make sure you know exactly what their service, contracts and fees entail. Our advice is to read all contracts carefully before signing on the dotted line. If you don’t understand something, ask your agent.
Selling your home is one of the largest financial transactions you’ll ever experience, so having a trustworthy Estate Agent that you believe in is a must.
At Boomin, we work with trusted and experienced Estate Agents that are bookable online, 24/7. Book a free valuation of your property to get started and meet professional and trustworthy agents. As a smarter, always-on property site, you can get your home in front of the right buyers with our early-access Secret Property and Sneak Peek features.