When it comes to buying and selling property in this country, the majority of people make use of the services offered by an estate agent. They would have hopefully taken into consideration the reputation and the history of the agent they are making use of and hope that these features will contribute in a positive way. If the agent is selling your property then the agent's name as well as their history will hopefully fetch your property the best price.
On the other hand if you are in the market to purchase a property you will be wanting your agent to secure the best home your money can buy. Whatever you are in the market to do it is vital you select the right people to represent you and your interests, to do that in the best way possible knowledge is the key. What are the steps you will need to take prior to taking a grip of your new homes' keys and how could something as simple as your signature affect the outcome?
Putting your home on the market
Very few people sell their homes privately, mainly because people are hoping to cast their nets as far as possible and the most efficient way of doing this is to register your property's details with a reputable agent. Ideally the agent will be exposing your property to the eager buyers market in a way that draws attention to its most attractive features so as to make you a good profit. It is important to find out how much you will be charged for the privilege if anything at all as while some operate on a "no sell no fee" premise while others charge from the outset.
Before an agent takes your property on to their books an agreement is usually signed and with this a relationship is established. You should find out before signing any agreements whether the agent will be charging you separately for any advertising they do on behalf of your property or whether it is all included in one singular fee, or is bundled into the price via commission. If you have not signed a "no sale no fee" arrangement you may find you have signed up for a service that will charge you simply to be placed on a 'list' that may never result in your property being sold.
What solicitor?
When you sign up to make use of the services on offer from an estate agent you should check to see if you are tied into an extending contract. While you may be happy to use a particular agent to assist you in selling your property, you may prefer to make use of your own solicitor. If you have signed some form of extending contract you may find that your ties to the agents span for the entire conveyancing process as opposed to just the advertising part. This can prove pricey if the solicitors the estate agents use charge separately for parts of the conveyancing process that perhaps another solicitor would have bundled and included in their final bill.
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