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Home
> Property Search > Choosing An Estate
Agent
With
so many estate agencies vying for your business, choosing the right
agency can be difficult. We have put together the following top
ten tips to help you find and use the most appropriate estate agent
to sell your house.
1 - Shop
Around
Shopping around
different agents is a must and will allow you to get a good idea
of the different prices and service you can expect. If the agent
knows that you are talking to their competitors, you are more likely
to get the deal you want on their fees.
2 - Local
Presence
Opt for agents
with a good local presence. Good indicators of a local presence
are plenty of boards, reading 'sold', a prominent office on the
local high street and listings in the local papers. Speak to friends,
family and colleagues about agents they have used in the past as
personal recommendations are often invaluable.
3 - Valuations
Always get more
than one valuation and don't always accept the highest. Quoting
a high figure is one thing, actually achieving the sale is another.
Try to find out from the estate agent if the figure is a result
of knowledge and experience in the area or are they just trying
to win your business.
Do your own
research, using the internet and local papers to compare the valuation
against other similar properties in the area.
4 - Sales
And Marketing Package
Find out how
the agent is planning to market your property and what the marketing
collateral, i.e. brochures, adverts, website, will look like.
When it comes
to selling, try to find out how good the agents will be at negotiating
on your behalf. Do they appear organised, focussed and professional?
Would you buy a house from them?
5 - Website
The Internet
is now a very popular tool amongst people looking for new homes
and it is vital that your agent has a good website to market your
property with. Can the site be found on search engines, does it
provide clear navigation to the property listings and are properties
presented appropriately?
A number of
agents also list their properties in the large national property
search engines like RightMove and Fish4Homes, extending their reach
to a further national audience.
6 - Trade
Association
Try to use agents
that are members of associations, such as The National Association
of Estate Agents (NAEA) or The Ombudsman of Estate Agents Scheme
(OEA). You are more likely to get a professional service and if
anything goes wrong the associations will often help you and the
agent resolve the dispute.
7 - Fees
Negotiating
a lower fee with the agent may prove to be a false economy. Remember
the agent is working for you and by cutting their money, you will
be reducing their incentive to work as hard on your sale.
Instead, try
to create an incentive to benefit both parties. If the agent can
get the full asking price, then let them have the full fee, but
maybe you can negotiate a reduction in the fee, if they are not
able to achieve the full asking price.
8 - Contracts
Read the contract
thoroughly, ask questions and never sign up to anything that you
do not understand. Check the period of time for which you will be
legally bound. There is nothing worse than being locked in with
an agent providing poor service. Insist on a time period that will
allow you to change agents easily, such as monthly or even weekly.
9 - Multiple
Agents
To achieve a
quick sale, you may want to use more than one agent to market your
property. If so, another point to check on the contract is whether
the agent insists on 'sole agency'. This means that they will still
be able to charge you a commission fee, even if you sell your home
privately or through another agent.
10 - Transparency
Estate agents
are required by law to not make false or misleading statements about
the features of a property.
They must also
declare both promptly and in writing if either they, a business
partner or relative would like to buy your property or if the agent
will benefit in any way (above and beyond the agreed commission)
from the sale of your property.
For more information
on selling your home and finding estate agents, browse through our
property search pages.
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