How to List your Property for 0% Commission

How to List your Property for 0% Commission

For years selling your home was an expensive business, and needed considerable thought if you wanted to use the profits as a deposit to buy a new home. Solicitors’ fees aren’t cheap, and then when you factored in anything from .75% to 3% of the selling price for Estate Agents fees, there was a big chunk being taken out of your profits. Add the fees and Stamp Duty associated with buying your new place and you had to factor in anything from £5,000 to £15,000 on the average home to cover all the costs, and still try to have a large enough deposit for your new house. It’s little wonder people had to think long and hard before selling.

Nowadays, thanks to the internet and some very astute young entrepreneurs, you can save all that commission normally charged on the sale of your house.

Advertise Your Home For Free

Websites are beginning to appear that allow you to advertise your property completely free of charge. Instead of charging you to advertise as you would expect, they make their money by charging third-party advertisers who use the site.

In some instances, these property sites will even send an agent round to conduct a free house valuation and provide a selling price guide if you require it. All that remains to be done is you enter your own and your home’s details in the online form and upload it. The whole process can be completed in just a few minutes.

Any interested party will contact you by email so you can arrange a mutually convenient viewing time. Remember, no agent will be accompanying the prospective buyer so you need to be available to show them round.

The Legal Bit

If a sale is agreed both parties need to contact their own firm of solicitors. There are sites from which you can download all the necessary details to complete the sale of your house yourself, but unless you are totally savvy with all the legal pitfalls it’s not to be recommended. On the plus side, many solicitors these days will undertake all the legal work on a fixed fee basis so you know what the final cost will be.

To Survey or Not to Survey

It is certainly a good idea to get your property fully surveyed (as opposed to just being valued), before putting it on the market, although you will have to pay for it. A full survey will highlight any problems. This then gives you the opportunity to remedy the problems before selling, or adjusting your selling price. Whether you choose to mention these problems to the prospective buyer is your concern, but many sales fall through because the buyer’s surveyor also picks up the defects. If your buyer is aware of any defects, it is their choice whether to ignore them, accept them, or negotiate a reduced asking price.

At long last the cost of selling your property is reducing. There are also many online Property Agents who will advertise your house for a fixed selling price. No sale no fee, again saving those thousands of pounds we’ve all had to pay in dreaded commission.

Category Business

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