Online Estate Agents Vs High Street Estate Agents
How Do Online Estate Agents Work?
One of the biggest advantages that come with opting for an online estate agent is the savings that you can make on your overall fees. But how do they work?
When it comes to valuing your property, an online estate agent will use online data, and then market your property on popular platforms such as Zoopla, Rightmove and On The Market, etc and the quality of images that they will use to market your property are just as professional as those of a high street agent.
Most online agents will arrange the viewings on your behalf, and keep in touch with you via phone or a dedicated online portal just for you, however, an online agent wouldn’t normally attend the viewing. This would have to be yourself.
Upfront Costs:
In most cases, when it comes to opting for an online estate agent you will have to pay your fees upfront, whereas if you opt for a high street agent, you pay on the completion of your sale. If your property does not sell, or you wish to switch agents, you will then lose your money.
Property Valuations:
As everything is conducted online, you cannot be 100% guaranteed that ‘local property experts’ to your area are actually experts in the area that your property is located. Carrying out property valuations based heavily on data can be inaccurate and therefore it is recommended that even if you opt for an online agent, you ask a high street agent to carry out a valuation for you to get an accurate valuation.
Control / Responsibility:
When you opt for an online estate agent, you do manage everything yourself, whereas if you opt for a high street agent, they take the heavy responsibility off your shoulders. You need to make sure that you have the time available to take this on, before you lose out on your upfront fees.
Conducting Viewings:
As mentioned above, an online agent will not carry out the viewings on your behalf. This is something that you should consider when choosing which style of agent you wish to choose.
One of the biggest advantages that come with opting for an online estate agent is the savings that you can make on your overall fees. But how do they work?
When it comes to valuing your property, an online estate agent will use online data, and then market your property on popular platforms such as Zoopla, Rightmove and On The Market, etc and the quality of images that they will use to market your property are just as professional as those of a high street agent.
Most online agents will arrange the viewings on your behalf, and keep in touch with you via phone or a dedicated online portal just for you, however, an online agent wouldn’t normally attend the viewing. This would have to be yourself.
Upfront Costs:
In most cases, when it comes to opting for an online estate agent you will have to pay your fees upfront, whereas if you opt for a high street agent, you pay on the completion of your sale. If your property does not sell, or you wish to switch agents, you will then lose your money.
Property Valuations:
As everything is conducted online, you cannot be 100% guaranteed that ‘local property experts’ to your area are actually experts in the area that your property is located. Carrying out property valuations based heavily on data can be inaccurate and therefore it is recommended that even if you opt for an online agent, you ask a high street agent to carry out a valuation for you to get an accurate valuation.
Control / Responsibility:
When you opt for an online estate agent, you do manage everything yourself, whereas if you opt for a high street agent, they take the heavy responsibility off your shoulders. You need to make sure that you have the time available to take this on, before you lose out on your upfront fees.
Conducting Viewings:
As mentioned above, an online agent will not carry out the viewings on your behalf. This is something that you should consider when choosing which style of agent you wish to choose.
08/03/21
Online Estate Agents Vs High Street Estate Agents
by Paula
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