The property market in the UK recently broke new ground in modern history, although this was far from being a cause of celebration. As property rentals outstripped sales for the very first time since the 1930’s, the problems that have plagued the housing market during the last 18 months finally appear to have reached their nadir. With a minimal housing supply and soaring price points set to continue for the foreseeable future, the challenge of buying and particularly selling property will remain insurmountable for some.
Vendors do have some advantages in the modern age, however, particularly in terms of the methodology available for completing a sale. There is a huge range of options for anyone who want to sell their home, while the days when you would have to bow-down to the high street estate agent and pay extortionate fees are long gone. While that option is also still available, of course, you will surely want to consider some of the other avenues open to you in today’s challenging property market if you are to sell your home and optimise its value.
How to Sell your Home in 2016
With this in mind, let’s take a look at the different ways you can sell a home today. These options include:
Using an online agency
Online estate agents have become extremely popular in recent times. But surely they’re just like high-street agencies aren’t they? Absolutely not. It’s true you’ll come across high-street estate agents online. Practically all businesses these days have some kind of online presence.
However, online estate agents work solely over the internet and can therefore offer much lower fees. In fact, you can save more than 80% on fees if you use an online agent such as Hatched. They’re also much more convenient to deal with as you are given much more control over the sale and you can manage your property sale any time of day or night, seven days a week.
Go it alone
If you’re looking for the cheapest option, going it alone and selling your house privately might seem appealing. However, it’s also one of the riskiest options available.
You’re also going to have to do a lot of research if you want to ensure you’re listing the property at a realistic, good price. Then there’s the legal side of things to consider. While actually listing a property online yourself is easy, sorting out the legal paperwork and everything that goes with selling a house can be a nightmare.
If you want to sell privately, it’s going to take a lot of time and effort and ensure you’re dealing with reliable buyers!
Auction it off
House auctions were at one time considered only for those facing bankruptcy, but these days they’re considered a good alternative to estate agents. However, they do of course pose a fairly big risk. You may not have estate agent fees to pay, but you will have auction fees to worry about.
There’s also the chance the home won’t sell for as much as you’d have liked. In some cases, you could even get less than the property is actually worth. So you need to think carefully before choosing this option!
Overall, there are numerous options available to you when it comes to selling your home. Online estate agents do tend to be the most popular choice as you get the convenience of local estate agents, without the high fees.