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Selling your house without an estate agent: Is it worth the risk?

Estate agent fees can be a significant expense when selling a house, but with rule changes and the rise of private sale websites, more people are opting to go it alone. But is it as easy as it seems, and what do you need to know before taking the plunge?

Typically, estate agents charge between 1%-3.5% of the sale price, which can amount to thousands of pounds in commission fees. This fee includes services such as professional photography, advertising, property viewings, and negotiating on your behalf. They also provide detailed information about your property and conduct checks on potential buyers.

However, selling your home yourself is becoming increasingly popular, with the help of online resources and tools. By researching house prices in your area, taking high-quality photos, and writing compelling descriptions of your home, you can attract potential buyers without the need for an estate agent.

Advertising your property can be done through various channels, including local newspapers and social media platforms. Websites like Strike allow individuals to list their properties for free on platforms like Rightmove, expanding your reach to potential buyers.

While selling without an estate agent can save you money, there are risks to consider. The lack of a vetting and verification process for potential buyers can be a significant concern, as well as the potential for delays in the selling process.

Ultimately, the decision to sell your house without an estate agent comes down to whether you are willing to take on the administrative burden and risks involved. With careful planning and organization, you could save yourself a substantial amount of money in the process.