Most psychologists agree that moving houses is one of life’s most stressful events (next to…weddings and funerals). And part of all the issues associated with moving houses is always related to selling your home and how difficult that can be.
Using a real estate agent to help you close a deal and sell your home can be more than beneficial – and from multiple points of view. And using an online real estate agent can be even better! What are the advantages of doing this? Why should you use an online real estate agent over an offline one (or none at all)? We have gathered some of the most important things you should know about this – so read on if you want to find out more.
Yes, you read that right. Using an online real estate is really a lot cheaper than using the traditional agency. Even more, it’s cheaper from multiple points of view too.
For example, a traditional agent will charge you between 2 and 2.5% for selling your home. If your house is worth £100,000, that means that approximately £2,000 go into your agent’s pocket. With an online agency though, the fees are much lower than that and they are fixed (for instance, emoov.co.uk charges a fixed price of £595 regardless of how high or low your house’s price is).
Furthermore, valuation, assessment and local knowledge (aspects heavily charged by traditional real estate agents) are completely free with an online real estate agency. This means that not only will you have to pay a fee that’s much lower than the one practiced by traditional, offline agents, but that you will also save a lot of money on the other aspects included in a house sale.
It’s Always There
The Internet is something we have grown so accustomed with in such a short time span that we cannot even imagine life without it. Everything (and almost everyone) we know is there: from the best entertainment to the most exquisite shopping and the most well-built sources of information.
Of course, the real estate industry hasn’t escaped the Internet tsunami, and it has adapted as well. Considering so many people search for agents online, rather than offline (and they are much more likely to stumble upon online agencies too), selling your house with someone working “on the Internet” can increase your odds that you strike a great deal.
Add this to the fact that an online agency is open 7 days/week, and you will most likely be much better off with an online agent than with an offline one.
The Offers Are Better
With a traditional real estate agent, the viewings of the house will be organized by the agency itself, while you are away. With an online agent though, the viewings will be organized with you there, so that you can answer clearly to any questions potential buyers may have. Most of the buyers prefer this method, precisely because they can pose their questions more openly.
This and the fact that an online agency will not organize a “bidding war” (but pre-qualify the buyers and make sure you only get genuine offers) increase the likelihood that you strike a great deal for your house – which is, in the end, even more beneficial (especially from a financial point of view).