subject: The options of Home Sellers Are Improving To Their Benefit [print this page] It is common knowledge for all of us now that there are several properties for sale that are promoted on the world wide web. Several of these properties are marketed on property sites by real estate professionals, but there are numerous websites that allow people who wants to sell their property be advertised on it without having a middle-man.Moreover, you can find nowadays a new kind of estate agents- the online agents who charge an one-off fee to sellers to advertise their property plus providing them with additional service such as negotiations and viewings.
This will tremendously benefit sellers since they now have different alternatives and good value for money as well as increasing chances for them to get an excellent price for their property.
A recent study conducted about property-selling in the UK by the Office for Fair Trading found out that 32% of the respondents found it slightly poor if not wery poor that value they are getting from the fees that real estate agents receive from them as commissions. OFT, due to the result of the study, advised sellers to seek more lower fees for real estate agents and look for better prices.
The conclusion of the OFT research was to open up the market so that new business models will fit in easily. An instance recommended was to make sure that websites who merely allows for the meeting of potential buyers and the private sellers will not be following needless legislations.
CEO of OFT John Fingleton said:
'In the present economic climate it is more important than ever that people get a good deal when buying or selling a home.
'Encouraging new business models, online estate agents and private seller platforms could put useful competitive pressure on traditional models and lead to better value for buyers and sellers. The Government can help this process by updating legislation and making sure regulation only applies where it is essential to protect consumers.
'We also encourage home sellers to negotiate hard on commission fees and consider using alternatives to traditional estate agents.'
The OFT study have found out that private sales websites like The Little House Company cannot advertise in the Rightmove which is UK's biggest portal and also with several other portals that forbid private sales sites simply because that their main market are the real estate agents.
The OFT have not suggested the formation of bodies that pertains to private sales but it will certainly be a very good idea for the future of private sales. Estate agents unite with the National Association of Estate Agents and bodies like this can be use to apply pressure to sites like Rightmove.
The best thing is that there are now alternatives. Property sellers can now choose not to use real estate agents and do the research of their property value and sell their homes for a vey good price. Buyers will have the ability to directly negotiate with the sellers for a fair price without any motive plus they can instantly view the property online. Choices available are good for consumers in any industry and this does not exclude property selling.
Let's hope the OFT ensures its findings are acted upon, and that selling UK property has even more choices, and is therefore even more different in another five years.
The options of Home Sellers Are Improving To Their Benefit
