in this video i want to take a look at the question of
selling the house selling a house by the owner you may be the owner you may be considering
selling your house you may be considering doing away with the need for an estate agent
or an auctioneer and obviously you're going to be saving the auctioneer's fee if you do that
i haven't seen it happening too often in the last say five years or so but i have done it
myself in the past and i have had one sale in the recent past in the last three months or so
where the property was sold by the owner i've done it myself as i say i did it in 1989 and sold
the shop and apartment overhead but i wouldn't recommend it and the reason i wouldn't recommend
it is number one an estate agent is a professional seller of property and it's going to have
a pool of interested parties perhaps who've given their name in to the
estate agent looking for property looking for anything that comes up that might be suitable
the pool of willing buyers interested parties would be something that the ordinary person
selling the house themselves perhaps on facebook or however the advertisers won't have access to
so that's one factor the second one would be the question of selling a property selling an
asset that you've put a lot into it has great memories for you and you probably take it
pretty personally the house any criticism of it and that can lead to difficult negotiations and
personality crashes and a bit of stress and a bit of anger and a bit of resentment whereas
the professional seller like an estate agent won't be as investors emotionally
in the selling of the property and will take some of the criticism or most of the criticism
if there is any with a grain of salt and with a view to that criticism perhaps being
part of a negotiating employer dance so the person selling the house themselves they may
have spent 10 or 20 years there and poured a lot of sweat and tears and blood and money into
it they won't take the criticism so well then it could jeopardize the deal so that's another reason
the third reason i would suggest you use an estate agent is because an estate agent
will have a fair amount of experience in weeding out tire kickers looky loos versus serious punters
and we'll understand the need to try to ascertain whether a person is capable of buying
a property your property can move relatively quickly and are not in a chain our loan approved
or our cash buyers or whatever the situation is they'll have that fourth issue or the fourth
reason i would suggest getting an estate agent to do the job for you would be that issues may
arise and they could be small issues or big issues but having an estate agent as a sort of a buffer
between you and the purchaser is useful can be very useful and the estate agent should be able to
differentiate or distinguish between serious issues that might be deal breakers and might
be dealt with by your solicitor and relatively minor issues which he can or she can deal with
the fifth reason why you might use an estate agent is to do with the stress the stress of buying or
selling mother the stress of doing the viewings and the anxiety and wondering what do they think
and are we going to get a bid and so on it's about a seller's market at the moment
that might be a problem but you're still it's a stressful experience it's a stressful sort of
an endeavor to engage upon there are five reasons why i think you should use an estate agent there
is one good reason however why you might do it yourself it's entirely up to yourself i wouldn't
recommend it but there is one reason and that is the cost you're going to save yourself the state
agents fee and that could be quite significant but again it depends on how quickly you need to sell
and how easily or how quickly you're able to get somebody to buy the property from you
you may well have a friend or a neighbor or somebody that you know or a friend of a friend
who are very very keen on your property our loan approved ready to go etc etc
then you can save on the estate agent and you're not repeating around the bush waiting for the best
or price a range of buyers or potential buyers to come along you're happy enough to do with the deal
to do the deal with one person who's there and the reason for that may well be that
you may be under pressure for time and rather than getting the best price
it may well be in your interest to get a quick sale and your circumstances may
dictate that by and large in summary then i'm saying that you can sell the house yourself
no problem but i wouldn't recommend it i would recommend getting an estate agent hope you find
this video useful if you do would appreciate if you gave it the thumbs up down below thanks a lot