Originally posted by scooterscot
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Reply to: Ever sold a property privately?
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Previously on "Ever sold a property privately?"
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I might be interest buying as a BTL. Could you PM me a schedule?
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Use an online estate agent. We've just sold our house (stc) and paid £840 instead of £6,500. They organised everything, we just did the viewings.
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I sold once myself. Stuck a home made sign in the garden overlooking a main road but didn't get anything for a week until I changed the colour to white background with red writing. Got a few lookers but sold quite easily although I am in a desirable village.
As TM said, I just pointed the seller to my solicitor to finalise the legalities.
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Originally posted by DimPrawn View PostOne thing a good estate agent does these days is vet prospective buyers, check they have a mortgage sorted or that they truly are a cash buyer by asking to see their finances.
Otherwise you end up with a million nosey dreamers on your doorstep.
if you organise and do the viewings and negotiate price if required, then direct them to your solicitor for legal offer, then their mortgage position is not your problem.
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The other thing an estate agent does is handle difficult/emotional negotiations, show the property to people you don't want to talk to, get a feeling for when the buyers are stalling, etc.
Having moved house 5 times, there's no way I would sell without an agent.
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One thing a good estate agent does these days is vet prospective buyers, check they have a mortgage sorted or that they truly are a cash buyer by asking to see their finances.
Otherwise you end up with a million nosey dreamers on your doorstep.
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Originally posted by JRCT View PostI have a flat that I've decided to sell. It's a one bedroom flat in Edinburgh and it'll sell itself - it is what it is.
Have you ever sold a property without using an estate agent?
I know I'd need a solicitor for a few bits, but I'm trying to work out whether it's too much hassle to whack it on gumtree and do it myself, rather than pay an estate agent £3.5k for, largely, the same thing.
If you need to arrange viewings, I'd strongly advise you to avoid "open days", as these have several disadvantages over privatre viewings (although I have no time to list these now).
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Originally posted by JRCT View PostI have a flat that I've decided to sell. It's a one bedroom flat in Edinburgh and it'll sell itself - it is what it is.
Have you ever sold a property without using an estate agent?
I know I'd need a solicitor for a few bits, but I'm trying to work out whether it's too much hassle to whack it on gumtree and do it myself, rather than pay an estate agent £3.5k for, largely, the same thing.
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Not here, but I have done in New Zealand.
It mostly went well, but the biggest pain in the ass was people putting in ridiculously low offers on the basis that "You're not having to pay agents fees after all"
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Bought privately (from my parents)
Sold the same house privately (my share to my ex after splitting up)
Bought new development directly from developers no estate agent involved.
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Done it last year, used a Solicitor to handle all the legal stuff and paid a mortgage advisor to sort the awkwards bits
We were a bit lucky, we kept getting people knocking on doors in the street asking if anyone wanted to sell
We set a price we wanted to sell at the high end of the market for comparable properties where we lived, and knocked back any offers until we got it
The only grief we had was getting a mortgage, that took ages
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Originally posted by JRCT View PostI have a flat that I've decided to sell. It's a one bedroom flat in Edinburgh and it'll sell itself - it is what it is.
Have you ever sold a property without using an estate agent?
I know I'd need a solicitor for a few bits, but I'm trying to work out whether it's too much hassle to whack it on gumtree and do it myself, rather than pay an estate agent £3.5k for, largely, the same thing.
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Ever sold a property privately?
I have a flat that I've decided to sell. It's a one bedroom flat in Edinburgh and it'll sell itself - it is what it is.
Have you ever sold a property without using an estate agent?
I know I'd need a solicitor for a few bits, but I'm trying to work out whether it's too much hassle to whack it on gumtree and do it myself, rather than pay an estate agent £3.5k for, largely, the same thing.Tags: None
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