In this two-minute read, we look at how to select the best value partners for your property sale.
We all know there’s money to be made from selling property, but there are agency and legal costs associated with this, too. Consider these costs as an investment in steering your sale in the right direction.
You get what you pay for
When it comes to selecting the estate agent entrusted to sell your property, human nature may see us gravitate to the one with the cheapest rate. After all, these can differ wildly from a fixed fee right up to 2.5% of your sale price. But, as the old saying goes, you really do get what you pay for.
Find an A* agent
A lot goes into selling a house. It’s not just about uploading to Rightmove or Zoopla, contrary to popular belief. Listen out for agents who talk about pricing strategy, presentation of your property, and how they will create demand for your home. These are the agents who will get you the best price for your property and will be worth every penny of their sale fee once the transaction completes.
A good agent knows that finding willing buyers is a good start but it’s certainly not the end. All offers made must be qualified to ensure they ‘stack up’. Negotiating is critical to get the best price and, after an offer is accepted, the agent must stay in touch with all parties throughout the sale. Estate Agents should monitor the pace of the sale and identify and deal with bottlenecks or issues that may cause delays if left unchecked.
Remember, don’t select an agent based on the lowest fee alone. Select an agent who, after their fees are deducted, deliver the highest return to you.
Your property team
It’s not just a great estate agency that makes a big difference to how successful and smooth your sale goes. You also need an experienced and professional conveyancing solicitor to handle the legal stuff. Again, not all solicitors operate at the same level so look for recommendations and check out their reviews.
A good question to ask your prospective conveyancing solicitor is: “are you no sale, no fee?”. If the answer is a “yes”, they’ll be highly motivated to get the sale over the line but, will your sale get the full attention if it becomes complicated or too time consuming.
Good conveyancing solicitors who don’t offer ‘no sale, no fee’ will take on only enough cases that they can deal with at any one time. As you are paying the solicitor for their work then you should get effective and efficient resolution of any issues that may arise.
The longer a conveyancing solicitor takes to get the job done, the more likely it is that your property sale will fall through. Focus brings a proactive and efficient approach. Selecting a conveyancing solicitors who is committed to the job is the best way to achieve the desired result.
For more information on how to get the best value from your Cardiff or Pontypridd estate agent, why not give us a call on 02920 623860.
We can provide free helpful advice and have recommended solicitors who we have used for many of our property sales (and we think they’re great).