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Selling your own home offers a number of benefits which include. - No etsate agent commission fee to pay if you sell your own home privately which can save you anywhere between 1.5% - 3% plus VAT which is a lot of money on a house worth £300,000 if sold via an estate agent.
- You have complete control over the way you advertise your house for sale to potential home buyers plus you can offer a personalized one to one service rather than going via a third party estate agent.
- You know the key selling points your house and the location has to offer which puts you in a great position to market your house for sale to potential home buyers.
To help you get started we have created a brief guide which will help you understand the process of selling a house privately in the UK.
Estate Agent Contracts
If your house is already for sale with an estate agent we recommend you contact the agent first to confirm the type of contract you have before selling your house privately. If you have a sole agency agreement with the estate agent then you are not required to pay the estate agent a commission fee if you sell your own home privately. If you have a sole selling agreement then the estate agent is the only party who can sell your house. Even if you sell your own home via a private property sales site and agree a sale, the estate agent still gets the commission.
Home Information Pack
Before advertising your house for sale under UK law you are required to obtain a home information pack or HIP . You can get a home information pack from a solicitor or one of the many web sites which specialize in Home information packs for private property sellers . Property Valuation
Your house is only worth what the current market conditions dictate its worth. So you need to do some research and visit a number of estate agents to get a feel for how much similar properties are selling for in your local area. We also recommend you visit the local estate agents plus the free property valuation web sites where you can get historical data on how much houses have sold for over a period of time in your local area.
Once you have completed the above you should have a good idea about how much your house is worth. Prepare Your House For Sale
Before you sell your own home privately you need to prepare the marketing material which includes a description of the the property plus photos to be included in the listing. To do this we recommend you draw up a list of all the key features your home has to offer plus you will need to take some photos of the different rooms, garden and out side of the property. To get some ideas about writing an advertisement visit some estate agent web sites to see how they have written a property advertisement.
List Your House For Sale At The Private Home Seller
To advertise your house for sale you need to register a free account After you have registered and activated your account you will have access to all the features the private home seller has to offer including our easy to use online property management system which enables you to list your house for sale in a matter of minutes. To start selling your own home register an free account today
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