Sell your home on eBay

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by Kay Murchie

Supermarket giant Tesco recently announced that it would go head-to-head with estate agents allowing homeowners to sell their property online for a cut-price fee of £199.

There are also low-cost internet estate agency sites but the latest craze is selling your home on eBay, the auction site, or YouTube, the social networking site.

eBay is well known for its memorabilia and auctioning but it has recently been noted that an occasional home can be found.

While estate agents may now be looking at these internet platforms, homes (the establishment organisations at the head of the property industry) frown upon the likes of eBay and YouTube being used directly by sellers.

A spokesperson for the National Association of Estate Agents insisted that you still need to hire an estate agent. YouTube and eBay do not have a specific audience but an agent will have a list of people wanting to buy a specific property in a specific location.

The spokesperson added that estate agents will deal with all the advertising, viewings and negotiations over price and any difficult questions about the state of the home. It is likely that the seller will get a better price through an agent than handling it themselves - enough to cover the agent’s fee.

However, people who are using eBay and YouTube to sell their homes are undeterred. They used estate agents to value their properties and then prepared their own written details and have shown around prospective buyers who saw their homes online.