On Line Estate Agent?

Discussion in 'General Property Investment Discussion' started by Michelle Barringer, Feb 17, 2016.

  1. Michelle Barringer

    Michelle Barringer Member Forum Partner

    Hello,

    Has anyone used and online estate agent that they would recommend for selling please?

    Thank you
     
  2. William Jack

    William Jack New Member

    Yes, i have used (moderated)real estate property investors. As they allow us to list our properties without paying any expensive listing fees.
     
    Last edited by a moderator: Feb 23, 2016
  3. KGeeson

    KGeeson Property Forum Staff Forum Partner

    How does an online estate agency work exactly? Obviously they use Rightmove.etc in the same way as traditional high street agencies, but I'm assuming you don't have signage outside your house? What about viewings? Do you do those yourself too?
     
  4. Luke Masters

    Luke Masters Member Premium Member

    My opinion on Online Agents is mixed - the fee being low is obviously the hook for many potential sellers..

    The issue with this however is the agent tends to pocket circa £800-900 just to list the property and this fee is irrespective of whether they sell it or not.

    You often then have to pay for additional assistance like viewings being conducted.

    The fee is great if they can sell it BUT if they do not you are £900 out of pocket and back to square one...
     
  5. dinosaur

    dinosaur New Member

    you get a year i think to sell /which is very fair and if you are in a selling area then as long as you price it right it will go / most put up for sale signs /deal with viewing bookings but you take the actual viewing yourself / main issue i would imagine for most is dealing with conveyencing / but all estate agents do is talk to both solicitors to see how its all coming along .

    another 5 years and i think online estate agents will have a 30 to 40 % market share
    but i would never use the online cheap conveyencing companies / in my experience they take forever /pay a little more and use your local one where you can sign the paperwork /forms/contracts and chase up in person if need be.
     
  6. nmb

    nmb Well-Known Member

    I think the benefit of online estate agents will depend upon your personal experience of the marketplace. If you want an "execution only" service without any form of advice then this may be the way to go. However, if you have limited experience and are simply looking to cut costs then it may be worthwhile thinking again and going down a more traditional route.
     
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