Maidenhead Estate Agents

Do You Use an Estate Agent?

In the greater number of cases, anyone selling their property in the UK use the services of an estate agent. I'm guessing you do to but selecting which agent to use is not a matter of plodding down to the high street and walking into the first one you see.

I'm sure it's the same nationally but I'm only relating to my local Maidenhead Estate Agents and their function is to market your property to the clients they have on their database. The use of a well developed marketing language is long known to create an emotion and desire in you when you read their description

I know of a man who wanted to sell his property but also wanted to remain in the same area. He saw an ad for a property that described almost exactly what he was looking for.....turned out to be the house he was selling.

Selecting a good quality estate agent that will take care and manage the complete process on your behalf is a bonus. He/she might make fix it for you to get an HIP (Home Information Pack) and an EPC (Energy Performance Certificate) which became a requirement in 2007 for properties with four or more bedrooms. The fee they will quote you isn't the only consideration in choosing an estate agent.

In fact, whenever I bought properties (in my case using Maidenhead Estate Agents) I would always offer them a higher rate than they quoted me for obvious reasons.

There's very little regulation for residential estate agents in the UK. Of course there are planned laws to protect you but anyone is able to set up as an agent and it's not required to belong to any of the usual organisations that you would look at as some form of protection.

The way Estate Agents trade has changed dramatically in the last decade. The internet has allowed estate agents to offer an alternative and often reduced fee compared to the way they always structured their fees in the past. They justify it by claiming that it help them operate with lower costs and they can now offer fixed price deals.

National property portals have evolved that many agents align to, to market your property throughout the UK and it costs them a whole lot less than the old traditional way.

In regard to letting agents, fees vary according to the level of service you require. Do you want then to manage your tenants or simply arrange the tenancy. Managing them for you can hep avoid the requirement to receive calls at all hours of the day or night when the water tank bursts or the boiler breaks down but there is a cost to you having the ability to hide behind them.

I put a property up to let with an estate agent who charged me a monthly fee to manage the tenants but it worked out too expensive so I took on the job myself. My view was that if the house was sound and the fixtures were in good order, which they were, there was little for me to worry about.

Another negative thing was that the estate agent's letting department used maintenance people that they had a relationship with and I would have ended up with more costs than I bargained for. Of course if you live abroad, then you had little choice.

The other advantage of using a good estate agent is that they can help with their knowledge of the local market conditions and based on that knowledge can advise on a realistic selling price. They also offer financial advice, conveyancing and generally in my experience will keep you posted throughout the process as well as getting the best deal for you.

Presented by Maidenhead Estate Agents

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