Before you become over-enthusiastic at the thought of what you will buy with the
3 per cent Estate Agent commission you are saving, consider the amount of work
that a private sale involves. If you are also buying a new property, consider it again!
This might well be one of the most stressful things that you have done in your life!
If you are still up for it by now, read on. The following is a list of things you will have to do.
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Set the asking price - it should reflect the property's market
value, but you might want to add a negotiations buffer bonus. |
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Let people know about your sale - there are various ways
of generating publicity. The most obvious is the word-of-mouth approach, but
you can also put adverts in newspapers and property magazines, put your house
on internet property listings, and put up a colourful For Sale sign. There
are no limits to your creativity. |
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Hold Viewings - show people around your house and try to
make it look as good as possible. When it comes to property viewings, the first
impression is crucial. Try not to sound like a salesperson - potential buyers
might get suspicious if you are overly enthusiastic. |
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Negotiate - a lot of money might be at stake, so you should
be prepared for negotiations. Read our tips
on negotiations in order to brace yourself for the inevitable haggling. |
See also:
Selling Property Privately
