The true cost of selling your home through an estate agent
Many people believe that by selling through an estate agent, is the way to make more money, this is not the case, let's analyse that and put it through its paces!
- They overvalue property sometimes to ensure that they get your business and the competition do not, after no viewings or low offers they reduce the price and it stays with them in their portfolio! After 3 months of inactivity they will stop concentrating on your property and move on to new instructions.
Stewart Hale comments: "This costs you time, money and prevents you from moving on faster with your new home, and now you are chasing them"
- The marketplace is ever changing but one thing is for sure and can be guaranteed, HOUSE PRICES ALWAYS RISE! Check it out for yourself; they will slow down, however they are always rising. See for yourself click the link http://news.bbc.co.uk/1/hi/business/6233339.stm
Stewart Hale comments: "What does this mean to you, well if you market your house in January for say £100,000 and it sells 10 months later, based on the figures in the above link then the market has moved on by 8% which means that the time you have been waiting to sell your house has cost you 8% more on the new property you want to buy!"
- People do not realise exactly what it costs financially and mentally, whilst waiting for somebody to come to you and buy your home.
Stewart Hale comments: "lots of different factors come into this, including mortgage payments, Council Tax, utility bills, viewings, cancelled viewings, other people putting their homes for sale right next to you, general wear and tear. The easiest way to understand this is to read the example below"
Estate Agent |
Stewart Hale |
|
On Market Price |
£135,000 |
|
Average Offer after haggling |
£124,200 |
|
Price after survey drops by… |
£2,484 |
No Cost |
Legal Fees/Disbursements cost you approx |
£1,000 |
No Cost |
Mortgage payments you continue to pay |
£4,016 |
No Cost |
Estate Agent fees after the sale |
£3,173 |
No Cost |
Total costs to you are |
£10,673 |
£0 |
Your are now left with… |
£113,527 |
Try my calculator for yourself click here or click to apply for an offer
Stewarthaleproperty.com will;
- Stand by our offer
- Pay your legal fees
- Buy fast so no more mortgage payments
- No Estate Agent costs
Total cost to you is now £0 instead of the £13539 in the example
Then on top of this we have the following non financial elements:
- Viewings,
- Cancelled Viewings
- Disappointment when nobody comes and views
- Timewasters
- Hassle
- Stress
- Wanting to move on and cannot
- Estate agent does not call anymore, and you’re calling them!
Moving or selling your home is said to be one of the most stressful events in our lives, after breaking this down I am sure you will be able to understand why.





