In a nutshell, estate agents market and sell property. Selling your home involves lots of moving parts and different property professionals, including surveyors and solicitors. You should expect your estate agent to take care of a number of elements, including:
Valuing your property
Marketing your home
Liaising with solicitors
Monitoring the ‘chain’ - for example, when the purchaser of your home may need to sell their home in order to buy yours
Before you get into which specific agency to use, it makes sense to consider which type of agent is best suited to your needs. There are three main types of estate agent:
Corporate Estate Agents
The most common type of agent. Corporate estate agents, such as Foxtons or Countrywide, tend to work for the local office of a national chain.
Independent Estate Agents
Often local experts that have worked in estate agency for many years.
Online Estate Agents
The newest method of selling a property. Online estate agents can provide a cheaper alternative to mainstream agents, but often have less local expertise. They may request a fixed-fee payment upfront, rather than a commission-based fee.
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