Why Sell your Property Privately?
When you sell your property through an agent, an agency fee is included in the advertised price. Generally agency fees can range from 3% to 10% of a property's value, this is factored in to the advertised price of your property. For example:
|PRIVATE SALES DIRECT||ESTATE AGENT|
|+ Agency Fees at 10%||€0||€15,000|
Agency fees can make your property seem overpriced. As a result, you may not sell for a long time, and you may even have to lower the value price of your property in order to make the overall price seem more reasonable to potential buyers. If you found a property priced 10% higher than it's worth, would you buy it?
So if you sell through an estate agent, you may be forced to devalue your house in order to sell it, because the added fees artificially inflate the price of your house, making it less appealing to potential buyers.
Selling privately also makes your property more appealing to potential buyers, which in turn makes it more likely to generate interest and to sell and by avoiding agency fees, you also receive more money from the sale of your property. For example:
|PRIVATE SALES DIRECT||ESTATE AGENT|
|Buyer Offer at Advertised Price (incl. agency fee)||€150,000||€150,000|
|Agency Fee Taken from Offer||€0||€15,000|
Even if the buyer pays the agency fees (as is the case in countries like France), you receive far less money selling through an agent than by selling your property privately.
In some instances, estate agents can ask you to sign a legal mandate forbidding you from listing your property with any other agencies or privately. This gives the agency a monopoly on the sale of your property and removes your freedom to advertise your property as you see fit. As a result, the problems that could be caused by the inclusion of agency fees in the price of your property might be worsened.
When you're only allowed to advertise with an agency that will artificially inflate the price of your property by adding their own fees, that inflated price may make your property less attractive to buyers, and as discussed above you may have to lower your asking price as a result. When you're not restricted by such a mandate and you have a wide range of advertising platforms, you're much more likely to generate interest.
Why Sell Through Private Sales Direct?
We at Private Sales Direct are a 'Private Sales only' service, so there are no agency fees, so the price at which you list your property is it's actual value, making it far more appealing to buyers, and when your property sells, you will receive all the money from the transaction.
We are not an estate agency, so we can't make you sign any legal mandate, meaning you can advertise your property as you see fit. We put you directly in touch with any potential buyers, you interact directly with them, meaning there are no middlemen, and your experience is much more personal.
Our team with decades of experience in the property market is here to support you throughout the process if needed, so even though we focus on giving sellers a more inter-personal experience of selling privately, by no means do we leave you out in the cold.
We can provide great rates on currency exchange through Key Currency. The best service is one that comes highly recommended, that is why you should use the services of Key Currency, they can beat other companies' rates, which could save thousands on any currency transfer.
This Article submitted by: Hugh at Private Sales Direct.
Private Sales Direct is a private property sales website advertising properties for sale direct from home owners worldwide. Buying privately means no agency fees and no commission to pay which means buyers and sellers can save thousands in estate agent fees. For Sellers their property will look more attractively priced without agency fees added and for Buyers, dealing directly with Sellers means they can avoid having to pay more than the true value of the property.
We have many overseas properties and holiday homes for sale advertised both by UK and International sellers. Browse our properties in France, Spain, Italy, Portugal, Greece and elsewhere. All the properties on our website are private sales which means when you make an enquiry it goes directly to the owner, thus potentially saving thousands in agency fees.
For Sellers - Private Sales Direct is Free to advertise your property or we can provide a range of effective advertising options, designed to help you find a buyer or tenant more quickly and at minimal cost.
For Buyers - Private Sales Direct gives you access to buyers directly without having to arrange everything through an agent or 3rd party plus we have a wealth of experience and experts ready to help with any of the details such as currency exchange, insurance and legal work.
0% Commission. Save thousands. Deal Direct with Property Owners at www.privatesalesdirect.com