Compare Online Estate Agents
It seems you have deceided to go down the route of an Online Estate Agent.
The internet has completely changed the estate agent market place.
If you are looking to sell or rent your property then most of your customers are searching online. The market is dominated by Rightmove and zoopla.
So how can you advertise on rightmove and zoopla?
The answer is the public can not list their property on these sites.This can only be done though an estate agent.Whether it be through a high street estate agent or online estate agent.
The online estate agent market has increased from 2.5% to 5% in the last 2 years. It is estimated that by 2020 that 50% of homes will be sold Online.
What is the difference between the two types of agents in terms of price?
High street agents charge a commission on selling price, which can range from 1% to 3% Plus vat. So a commission on a property worth £400,000 can range from £4000 to £12000
Online estate agents charge a fixed fee. Which ranges from £300 to £800.
Hopefully you will have realised by now that you can save thousands of pounds by selling your house by using an online estate agent.
Why are high street agent more expensive than online estate agents?
High street agents have much higher overheads to cover. The rent and rates on high street locations is very high. Online estate agents only have an online presence,usually in offices in cheaper locations .
Majotity of high street agents use websites like Rightmove and Zoopla to market your property.So why not just use an online estate agent who use the same portals to advertise your property at a fraction of the cost.
Online estate agents usually do not show customers around the property,that is done by the house owner. Where as high street agents show customers around the property.
There are so many online estate agents to choose from offering a variety of services for which they may charge extra.
The following is a check list that you should look for:
-Make sure your property is listed on Rightmove and Zoopla.
– Make sure floorplan is included
-Find out whether Vat is included in the price quoted.
-Check for how long the will advertise your property.
– Make sure they are a member of The Property Ombudsman.This can be done by going on to their webite to check.