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The Advantages of Private Sale



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*£850 is the average saving on a typical sale and purchase through our panel of conveyancing solicitors compared to using a high street solicitor (Survey of 52 high street solicitors, September 2010).

What Are The Advantages of Selling Privately?


You Save Thousands

Firstly, private sellers do not have to pay an estate agent's commission. On a £200,000 house a 1.5% commission adds up to £3,000 plus £450 VAT.

Being in Control and an End to Frustration

Secondly, private sellers do not experience the stress and frustration of having to rely on estate agents. Common complaints about estate agents include:
  • not being told what is going on;
  • not enough attention because agents are dealing with too many properties;
  • agents not driving the sale process forward;
  • being put under pressure to accept low offers;
  • not trusting agents;
  • feeling agents are only interested in profits; and
  • that being charged thousands of pounds simply for finding a buyer is 'daylight robbery'.

Private sale websites have empowered sellers and put them in control of the sale process.

Private Sellers Sell Faster

A recent survey by Alliance and Leicester showed that private sellers sold their homes more than a month quicker than those using estate agents.
Why? Because private sellers focus their energies on getting the sale through, unlike estate agents who split their time between lots of different properties.

And the Biggest Benefit of All?

The biggest single benefit for private sellers is the one that many are not even aware of: being able to get a better sale price privately than through an estate agent.
Academic research on 100,000 property sales (described in the 2005 best-selling book Freakonomics) showed that estate agents sold their clients' homes for an average of 3.7% less than they were worth in order to achieve quicker sales!
On a £200,000 home that's a loss to the seller of £7,400.