Should I Use an Estate Agent to Sell My Home?

It’s estimated that around 90% of people sell their homes through an estate agent – and it’s certainly the conventional choice.

However, a growing number of people are selling their homes themselves – without an estate agent.

In this section of our home-selling guide, we’ll explain the pros and cons of each method to help you understand what’s right for you.

First of all, let’s get rid of some of the myths surrounding selling your home:

 

Myth 1: You have to use an estate agent when selling

False. There’s no legal requirement to use an estate agent. It’s completely optional.

 

Myth 2: You will always get a higher price/ faster sale with an estate agent.

False. Not necessarily. Plenty of private sellers find that they can get just as high a price selling privately – and saving themselves the estate agent’s fees.

 

Another thing that’s important to remember is that even if you or your agent manages to agree a very high sale price for your home, if your buyer’s mortgage lender says it is overvalued, they will refuse to approve the mortgage – causing the sale to fall through.

In most cases, the maximum achievable sale price for a home is dependent on a mortgage lender’s valuation.

 

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