Sell my home blog: My plan to get chains moving faster
February 14, 2012 at 5:42 PM Lawrence Hall 1 comment
This is a legacy post from the findaproperty.com blog which is now maintained as an archive within the Zoopla blog. Links have been preserved.
Being in a chain means you are always conscious of time frames and keeping your buyer on side. As there are only two people in my chain (the place we are moving to is empty) we are really lucky, but I can understand the pressure that comes with a chain of 10 house buyers all wanting to move at the same time.
We are moving on very slowly and waiting for some answers from our sellers, which they are taking their time about. I have been thinking about how to make sellers answer quicker and have hit upon a solution that should, in theory, keep everyone more on side.
It’s this: if the seller and the buyer each have to contribute to the estate agents fees then this would help the agent to be proactive in both directions. At the moment, the agent is only working for the seller and I definitely think a cash incentive would help the smaller agents move projects along faster. Fees would have to be more regulated and standardised, but this would help people budget when selling or buying a home for the first time. It might also help more nervous house buyers get a better deal from their seller as the agent would be thinking of both sides and remain more impartial.
Next week I will be discussing my solutions to the rest of the world’s problems, but only after I have read through the exciting knotweed guarantee that I have just been sent.
Entry filed under: Diaries, Diary of Seller. Tags: .
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bethgaynor | February 21, 2012 at 3:44 PM
Yes, the solution to have the seller and buyer contribute to the estate agents fees would seem to work, if there weren’t other options out there. I refuse to believe that paying so much just to buy a house is the only option! Especially, since I am trying to move to a less expensive house.
I have been in the search for a new location in Northampton for a bit. But my financial situation is quite shaky and I cannot afford to spend on extra costs to find a home, especially if they can get to the thousands. I live in London at the moment with my family.
I have been doing some research to find cheap estate agents, but with not much luck. I have found a few options, though, that might help my situation as well as yours. Apparently, there are online estate agents, I didn’t even know that existed, but makes sense with everything being online! I feel so old. There were a few companies that I found, that offered a marginal price of the estate agents fees that I have contacted. I am still doing my research, but I found eMoov, and a few others. If you have found any more companies that are reasonably priced, would you let me know?
Hope this helps and good luck with your buying-selling process!