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The obvious advantage of selling privately is the potential cost saving.
It's now very easy to sell your home privately, and there are many websites who will list you property for a one off fee. If you attract a buyer using this type of service you won't have to pay any commission, prices start from around £99.
| || Preparing the details for a private sale. |
Typical estate agents fees can be around 1.5 percent and this can represent thousands of pounds when the sale completes. If you decide to sell privately you will need to produce the both the property details and marketing material.
The property specification will need to include accurate descriptions and room dimensions and shouldn’t be misleading. You will also need to manage viewings and will need to be prepared to communicate directly with the purchaser once an offer has been agreed, and throughout the selling process.
| || Selling privately online. |
There are a growing number websites dedicated to help you sell your home privately. Many sites now offer a service where you can pay to list your home and upload the details instantly, so there's no delay in marketing your home.
Because most private property websites charge a one off fee, you can normally advertise privately as well as through an estate agent. To increase your exposure to potential buyers it's also worth considering an advert with more than one property website.
It's worth shopping for the lowest fee, but a good private property website will offer the following services:
| One off fee with no commission to pay |
| Unlimited advertising time |
| Unlimited photos and description text |
| For sale sign included |
| All enquiries through website, private details are hidden |
| Buyers emails screened before being forwarded |
| || Selling privately timescale. |
Selling your home privately may take longer than selling through an estate agent. Many agents already have potential buyers on their books and will be advertising to a wider audience through shop frontage, local press, and established internet websites.
If you are in no particular rush to sell your home, a selling privately is a good option. You can always use an agent later!