Page 17 - Selling your Home - The CommFREE guide to all you need to know

ADVANTAGES OF PRIVATE PROPERTY SALES

1. You save on estate agency commissions,
which can be substantial
2. You have control over the process and can

show your house when it is convenient to you
3. You may feel it is safer since you don’t have to
entrust your keys and alarm code to an estate
agency (but you have to be present when
people you don’t know enter your house).

DISADVANTAGES OF PRIVATE PROPERTY SALES

1. You need to do much more work yourself such as determining a
realistic selling price and showing potential buyers around your home
2. What you save in commission you may lose in a lower offer price for a
“private sale” transaction

3. Realistically, you are less likely to find a buyer, particularly in a tough
property market
4. You have to pay your own marketing and
advertising costs, without necessarily knowing if
you are exposing your home to its best effect.
5. You don’t have the training or experience of a

professional estate agent and this can cause stress
because you are taking decisions about (probably)
your major financial asset
6. You have less experience in screening out time-
wasters and other undesirable “buyers” than an
estate agency does.
7. Because you probably don’t have the facilities to
correctly qualify the buyer enquiries, you are
subjecting yourself to a security risk.

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17 Title of the book
The CommFREE Guide to Selling your Home