Owning your own home

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  • penisland.com?

  • penisland.com?

  • good work.
    if this house turns out to be a goer, i am going to have a crack at selling it myself.

  • ^ actually that redirects to a travel company (erases search history)

  • webuyanyhouse.com
    :S

  • Any tips for getting an agent to drop their fees below 2%? Any ideas for avoiding altogether?

    I was thinking of offering a performance based scale which i thought might appeal to their mercenary nature.

  • Any tips for getting an agent to drop their fees below 2%?

    Tell them you'll pay 1% tops

    Any ideas for avoiding altogether?

    This page ^^^^^

  • When a real estate agent sells their own house it often sells for much more than the market average. Despite these skills, the same can't be said for your house...

    Estate agents earn more money by finding as many houses as possible to sell, the incentive to achieve more than ~3% (given the work required) is very low.

    You're better off selling your house yourself as you no longer need the exposure of an agent (you can get it on Zoopla, Rightmove, etc, yourself) and your attention to detail and desire to get the best price will be high.

    Read the relevant chapter in Freakonomics, it makes sense. (The exception being very high value homes as working to improve the percentage they earn trumps the sale of other properties.)

  • This may or may not come as a shock to many of you, but I spent a period of time in that line of work.

    95% of the people I'd worked with had never actually bought property of their own, but still managed to spout the brainwashed bollocks on cue. I made a lot of money in the first year as a direct result of being honest with any buyers as well as any vendors. The second year not so much, but that was as a result of banks clamming up and not lending money to first time buyers.

    Research is key, as well as knowing your area inside out.

    I can promise you all this - there's a hell of a lot of skullduggery that goes on behind the scenes, but I'd say that there's always one fucking clown in every office and almost everybody who buys or sells property will deal with this one person.

  • Sorry, just read the previous page. Good tips fanks. I'm def going to do it myself.

    @BRM Similarly bereft at the thought of leaving Lewisham Heights Studio 1 but the boonies are beckoning. Maybe.

  • We were going to get a Worcester Bosch but ended up going for a Valliant as my current builder's view was that the Bosch part of the Worcester Bosch is good :)

  • has anyone sold their home privately?

    We've bought once and sold twice privately. It's no more bother than using agents. PM me if you want any info.

  • We aren't under any pressure to move on. in fact, the cheapest and most sensible thing would be to stay put, we have just found a glorious old house in the south west that we really like the look of. it might be a crazy idea.

  • that would be great, ru - cheers.

    where do you work? lunch?

    #creepin

  • I was thinking of offering a performance based scale which i thought might appeal to their mercenary nature.

    This is good. We did a stepped fee for one sale and you begrudge paying hte agent slightly less when you know the increased sale price paid for it. Otherwise, new agents in the area are much more inclined to do deals as they need stock on their books.

  • Kings X. And then living the dream in Streatham. Meet for a beer one evening next week (except Mon) somewhere en route?

  • St Reatham, eh? sounds good - switch to black ops...

  • Seen on the tube just now

    easyProperty

  • are the going hit me with a bunch of hidden charges, right when i get the final screen for payment?

  • Anyone had dealings with asbestos removal? In our case gutters, soffits, floor tiles, electric heaters and garage roof. There goes the budget unless I dig a really big hole and bury it, I'm pretty sure that's allowed.

  • fnck. that will not be nice. do you need to remove it?

  • It's too shady for normal grass, I think it had even been turfed at some point but it all died.

  • plastic grass it is, well received on here..

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Owning your own home

Posted by Avatar for Hobo @Hobo

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