Ways to sell your house
Selling your house is expensive. Moving is expensive. Buying a new house is expensive. It can almost feel that property eats away at your finances. However, it does not need to be this way. Whilst some expenses cannot be avoided, the selling process is one area where you can save yourself some money.
Selling a home online for free can sound too good to be true.
Am I going to be caught out by the small print?
Will I be exploited by hidden expenses?
MPSE can help you navigate through all those challenges and concerns.
Can I sell my house for free without an estate agent?
Up until recently selling your home through a local estate agent was the norm. However, as technology has developed, online estate agents, alternative selling services, and hybrid agencies have gained popularity. The internet has given new companies a platform to offer homeowners a new hassle-free and fast house sale that is less expensive too.
Below, we take a look at how high street agents and online estate agents compare to when it comes to selling fees.
How much do estate agents charge?
Typically, estate agents charge commission when they sell your home. This means they will take a percentage of the final sale value of your property. Most high street agents charge between 0.75% and 3% to sell your home.
Let us put these figures into practice. If your home sold for £250,000 you could see a minimum of £1,875 go into your agent’s pocket. At the opposite end of the scale, 3% commission would increase this cost to £7,500. The table below highlights these rates against different final sale values:
| Final Sale Value of Property | 0.75% Estate Agent Commission | 3% Estate Agent Commission |
| £200,000 | £1,500 | £6,000 |
| £250,000 | £1,875 | £7,500 |
| £300,000 | £2,250 | £9,000 |
| £400,000 | £3,000 | £12,000 |
| £500,000 | £3,750 | £15,000 |
| £700,000 | £5,250 | £21,000 |
Whilst estate agents should receive payment for their services, those charging the higher percentages of commission are having a huge impact on the amount people are left with.
How much do online estate agents charge?
It is commonplace for online estate agents to charge a flat fee. This cost varies between different companies but often falls between £300 and £1,500. The fee will not change depending on how much your home sells for.
Many estate agents even charge a fee whether they end up selling your house or not.
Issues can arise as most online estate agents require this fee upfront. If the homeowner if selling due to financial issues, repossession, divorce, or another stressful life event then this may not be feasible. Furthermore, online estate agents cannot guarantee a sale and lack local market knowledge.
An alternative way to sell your home for free?
With My Property Selling Expert you can sell a home online without paying a penny. Any house, in any condition, in any UK location. We work with the major (but reputable) cash house buying companies.
They buy your property using their own funds.
No need to worry about facilitating viewings, a sale falling through, or paying agent fees.
You can sell your home for free today via our carefully selected and approved cash buyers – we even cover your legal costs. Simply begin the process by securing a free online property valuation or call our friendly property experts on 0800 233 5001
Can I sell my home for free myself?
Avoiding commission and fees set by traditional and online estate agents has some homeowners considering selling their homes themselves. This is sometimes known as a private sale or a DIY sale. There is no rule in place stating you must use an estate agent.
However, before pursuing this route to sale you will need to determine:
- Do I have enough knowledge to sell my own house?
- Do I have enough time to organise the sale?
- Do I have the confidence to negotiate with interested parties?
- Do I have enough marketing resources?
- Do I need to sell my house fast?
- Am I happy to conduct property viewings?
Even if you were to answer yes to all these questions it should be remembered that it will not be free. You will need to pay for a solicitor, an EPC certificate, and floor plan designs as a minimum. Furthermore, you may need to hire a photographer and a content writer if you do not have the skills to complete those tasks yourself…
Unsure how to sell your property?
Worried and concerned about structural issues, title problems, stuck on the open market?
At a loss of finding a way to achieve your moving home objectives?
Need someone reliable and well-informed to provide simple and easy solutions to dispose of your property?
For an impartial, without obligation and fee free conversation contact My Property Selling Expert today.