Choosing The Best Estate Agent | Ep2 - Season 3 (Move iQ Property Podcast)

Selling your house isn’t as simple as just choosing the best estate agent just because they suggest the highest asking price for your home.
In this episode of the Move iQ podcast, Phil Spencer shares some important questions you should consider when deciding how to sell your house.
Phil and co-host Chris Ducker discuss:
• What to consider when selecting an estate agent
• How to ‘interview’ your potential agents
• Whether it’s worth looking for agents affiliated with professional bodies
• Whether you can make use of a “hot buyers list”
• How to spot sales agents’ tactics - and avoid falling for them!
• How to know if your valuation is right and realistic
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[@MoveiQ]

GET PHIL SPENCER'S ADVICE DIRECT TO YOUR INBOX ✉ He'll help you make confident decisions that save you time and money! 👉 www.moveiq.co.uk/newsletter-signup/ 👈

[@SelfInvested]

Thanks for the video, Phil and Chris. Useful info! Do you have a preference between local independent estate agents and national or larger regional chains? From my experience the local independents tend to have lower commission rates. Do you lose out on much by not going for a national chain?

[@radicalcentrist5288]

90% of buyers come via Rightmove/Zoopla, so no reason to pay more than you need to. Use a local independent who has a good positive attitude!

[@radicalcentrist5288]

You ask an Agent how many viewings you'll get in the first 7-10 days and you'll be told what they think you want them to say. How many 'hot buyers' there are will depend on your location, your price bracket and the state of the general market.

[@aleksandrlitvinov4090]

「動画の音が良くない」、

[@MoveiQ]

We'll look into the sound, thansk for letting us know - where are listening from?

[@radicalcentrist5288]

Assuming that it's not a fire-sale and the seller is ok with the process of marketing to completion taking 4 -6 months, you market at roughly 3-5% more than you want to achieve to allow some negotiation room. So the buyer gets a price reduction and is happy while the seller gets the price they were wanting to achieve. With luck they may get the full asking price. If they get no takers they can reduce by 5% and still hope to get close to what they originally wanted. (If you do have to reduce the asking price, there's no point reducing by less than 5% or you won't come to the attention of new potential buyers).