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The Scoop On Online Estate Agents

Author : Brazg Gavin

Very well, you could be aware that two of our strongest arguments with the common estate agent model are:

A: The truth that estate agents are primarily in-charge for the value of properties in the UK market although it is a known fact that their commission is also a part of the price they will be asking. This provides them the motives to hideously up the ante

B: Their monopoly over the market, which is finally being challenged by online estate agents and private sales portals.

When you combine the two you can see why some people (no, of course it is not us since we can never be self-righteous) blame estate agents for prices becoming so inflated that severe corrections (crashes) are needed.

At the same time we have the fresh wave of online estate agents, which impose a determined amount for their services. The fee is usually based on a scale, with the minimum for online advertsing with their website or perhaps a selection of portals and the more costly package will include more websites as well as agents doing the negotiations and viewings for you.

The most crucial factor is that their customers will spend less, because the fixed fees are lower than 1-2% of the average property value and obtains a fair price and also the best support from the agent, as there is absolutely no onus on them to manipulate the price, and a quick sell will be to their best interest to increase their turnover rate.

This is why we are rooting on them... if they will be successful enough to go beyond the traditional real estate agents, then may be we can expect the traditional agents to also charge a fixed fee in the future.

For the time being, online estate agents are the perfect centre between private sales and traditional estate agents. Private sales is more affordable and if appropriately utilised can generate a quick sell with a good price, but, for the reason that private sales sites can't list on websites exclusively for estate agents such as Findaproperty and Rightmove, it will frequently demand a lot of work. Online agents can list on Rightmove and Findaproperty, yet, the seller will shell out less to be able to do it.

Author's Resource Box

Now that you know the challenges you face in the current property market, visit the our website and read our expert guide on how to sell using online estate agents

Gavin Brazg is editor of TheAdvisory - UKs largest free resource of free expert advice for UK House sellers.

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Tags:   online estate agents, online solicitors, conveyancing, house selling online

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Submitted : 2010-10-04    Word Count : 870    Times Viewed: 203