Online Estate Agencies 101: What You Can Really Expect from the Service

Online Estate Agencies 101: What You Can Really Expect from the Service

Nowadays, you have two major options when it comes to selling your home or property: you can either go with a traditional estate agent, or you can go the more modern route and opt for an online estate agent. Whilst traditional estate agents may have their merits, online estate agents are quickly taking centre-stage for a variety of reasons. One obvious reason is the price. Another is the network they have available (it’s a nationwide – even international – network). So, what else should you know about online estate agencies? Here’s what you can really expect from the service.

  • Their offerings

Online estate agencies will usually offer a flat, up-front fee for their services. These services often come in a package, which typically includes an advertisement, professionally-made photos, listings (managed by the online estate agency), a year of marketing online, an image of your property’s floor plan, a valuation, and assistance and advice, both through email and by phone. Apart from this, your property will be listed with some of the major property portals such as Zoopla, Right Move, and Prime Location.

  • The fees

As mentioned, online estate agencies charge a lot less when it comes to fees as compared to traditional or High Street estate agents. Most fees that you will find for online estate agencies are around £300, although there are some which charge a bit higher or a bit lower. The main difference between online estate agencies and their traditional counterparts is the fees – traditional or High Street estate agencies will require a percentage of your property’s selling price, whilst online estate agencies simply ask for the up-front fee and that’s it.

  • Choosing one
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Even though the fees alone may make you go for an online estate agency, you should still choose the best online estate agents. It’s so easy to create a so-called ‘online estate agency’ and leave it at that, so you have make sure that the online estate agency you choose operates legally and within set standards. They should, for one, be a member of the scheme from the Property Ombudsman, and if they are a member of any other regulatory association or body, that would be ideal as well.

You should also make it a point to check with the online estate agency how they choose prospective buyers, and how they are planning to really market your property online. It would be a good idea to check out the online estate agency’s website to see how they showcase their properties for sale. If you like the way their website looks and how the properties for sale are set out, then you will have a better idea of how your own property will be marketed and sold.

Katie

Katie

Finance and Business Blogger at Payday Bunny
Kate is a finance blogger and currently works for one of the big high street banks.In her spare time she likes to educate people on finance and business matters.Married with 3 children she enjoys travel and family time when not in the office.
Katie

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