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Old 26-04-2016, 08:29 PM
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Default Selling high value property without an agent

Iím fortunate enough to live in an exclusive waterfront location on the south coast.
The house has six bedrooms, but is falling apart.
The location, however, is Ďto die forí and many of the properties in the immediate area have already been redeveloped, with lavish multi-million pound homes becoming the norm.


My circumstances dictate that Iíll need to sell the house within the next three years, but itís really important that I get the best price I possibly can.
Needless to say thereís no shortage of interest from estate agents eager to sell the property and Iím sure that if I needed to sell quickly, this would be the best way to go.
However, I do find it difficult to accept the huge fees involved and would like to explore the possibilities of selling without an agent.


Iím not ready to move right away so I donít need to make any hasty decisions, but are there any reasons why I shouldnít put the property on the market now myself and just see what happens?
I donít really see what I have to lose, but I may be being naÔve.
Iíve never seen any other properties of this value sold without an agent Ė Itís just not done, but Iíd like to know why and if there would be any negative consequences in doing so.


I can see that an agent will be able to reach a much wider range of potential buyers and it may well be that I sell this way in the end anyway, but I know from conversations Iíve already had with agents that theyíd not be happy putting it on the market at the sort of price Iíd like to get (significantly above their estimate of its value).
Ultimately, like any property, itís value is value is determined by whatever the buyerís willing to pay and it would only take one person with deep-pockets and the ability to imagine their dream home in this idyllic location to make it all very worthwhile.


One problem may be that Iím not ready to move right away although, having said that, Iím sure if I were to receive a suitably attractive offer, I could be persuaded to fast-track my plans. On the plus side, properties of this type donít come up all that often and prospective buyers often take the long view where this type of purchase is involved.
So putting the property on the market now with a view to selling some time in the near future may well be not such an inappropriate idea after all.


It may just be that nobody does it because nobodyís doing it, but I may be indulging my wishful thinking here and come down to earth with a bump when the pitfalls are pointed out.
Iíve posted this on a number of property forums in the hope of getting some useful feedback, so any constructive comments will be most welcome.


Millivan
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Old 16-10-2016, 12:52 PM
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Default Re: Selling high value property without an agent

I guess it's a normal practice by most of the house seller when they just want to check the market situation and they really don't bother with any agent. Anyways agent won't charge you unless your property get sold by any buyer and same goes with buying property.
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Old 19-01-2017, 07:35 AM
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Default Re: Selling high value property without an agent

Hello Milli,

Thanks for sharing information.
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Old 11-05-2017, 11:10 AM
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Default Re: Selling high value property without an agent

You have made great efforts to sell a house without an estate agent. All estate agents are not charging high fees. An estate agent can help you to get the best price of your property. It depends on the estate agent you are selecting. If you have selected an experienced estate agent who has expertise in your area then you will definitely get excellent value of the property.
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Old 16-05-2017, 03:47 AM
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Default Re: Selling high value property without an agent

I think your decision of selling your house without an estate agent is right. If you are not ready to move right away since, it is not easy to sell a house without an agent.
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