Estate agents not threatened by private sales

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by Kay Murchie

Recent articles in the press about growing number of people selling their homes privately has resulted in estate agents declaring that they won’t go out of business.

There has been a slight increase in property owners choosing to sell their homes themselves. 1% of homeowners have been successful selling their property on auction websites, such as eBay.

According to the National Association of Estate Agents (NAEA), this method will not have a major impact on the long-established way of buying and selling homes. People will always need expert guidance and support and it can be quite a lengthy, complicated process.

On average, around 1.2 million homes are sold each year in the UK, 94% of properties are sold via an estate agent.