How to choose the right estate agent in Medway
Selling your Medway home should be an enjoyable, exciting experience, yet many people are daunted by the prospect. It doesn’t have to be this way if you choose the right estate agent at the beginning of your journey. A process that is easier than you might think, as long as you are armed with the right things to look for and questions to ask from the off.
When choosing a Medway estate agent, look for the proof
At the beginning of your estate agent journey simply follow this three-point check list. And if the estate agents you are considering don’t meet all three, they might not be up to the task.
- Do they have a website that gives you the right kind of vibe?
- Do they have the right industry accreditation?
- Are people in your area using this estate agent (look for the for-sale signs when you are out and about)?
“Paramount is a member of both the Property Ombudsman Scheme and the Property Redress Scheme.”
Do you want to be tied to an estate agent contract?
Most estate agents across the UK, including Medway and Kent, will ask you to sign a contract. As a client, this can severely restrict your options, possibly turning you dream move into an exhausting journey.
Some of the cons of signing an estate agent contract
- You could be committed to one estate agent for an extended period
- You are tied into a set strategy, even if it’s not working
- You could miss something in the small print that limits your options in the future
Consider the freedom and flexibility you’ll get from an estate agent that does not tie you into a contract. Look for an approach that puts you in control of the process rather than the other way around.
At Paramount we do not believe in tying our clients to a contract. Instead, we sign an agreement with clients that holds us to agreed levels of service. So, a client can walk away at any time if they feel we are not meeting the standards set out at the initial meeting. And while we never want this to happen, it gives clients peace of mind and flexibility.
Make sure your estate agent is transparent when it comes to fees
Look for an estate agent who is prepared to give you transparency and choice. When you ask about fees, the first answer you get should cover off everything. If you delve deeper and extra, hidden fees come to light then you’ve got to wonder what else the estate agent might be hiding.
Commission or fixed fee?
A commission is when the estate agent charges you a percentage of the sale price. A fixed fee means you pay a set amount. There are pros and cons to both approaches, the right one for you depends on your specific circumstances. Whoever you choose to help you sell your house, make sure it is on a no sale, no fee basis.
“At Paramount, we will give you the choice of paying commission or a fixed fee. And all our quotes are inclusive of VAT, which means there are no nasty surprises when the final bill comes.”
Be clear on what you will get for your money
Less scrupulous estate agents might try to get your business with a low fee but then charge extra for services that should be a given, such as a for-sale sign and marketing. And the estate agent should be clear on what marketing you will receive. For example, at Paramount marketing support includes photography, floor plans, advertising and physical property brochures at no extra charge.
How will your estate agent advertise your property?
Ask your prospective Medway estate agent to be specific about their advertising plans for your property. It’s all about making sure your property can be seen in the right place, at the right time, by the right kind of buyers. A detailed plan always goes a lot further than a general sales pitch.
“At Paramount we advertise our clients’ properties on all the key online portals including Rightmove, On The Market and Prime Location.”
Getting the right valuation for your property
It can be very tempting to choose the estate agent that gives your property the highest valuation. But you should be asking yourself why the valuation is so much higher than other quotes?
Leading with a high valuation is a well-worn estate agent tactic to gaining business. But if the valuation is over inflated, it could take a lot longer to sell your property. And if it’s not selling at such a high price then in all likelihood the estate agent will have to bring the price down. This is just a waste of your time, energy and even money.
“On average, almost 56% of south-east properties on the market end up selling for a reduced value.” *
Make sure you are in control of your dream move
A good estate agent will take care of all the hard work for you, with the right amount of expertise, local knowledge and flexibility to make your dream move an enjoyable, seamless experience. That’s why it makes sense to spend a bit of time researching the best option for you.
Before making any decision on which estate agent might be suitable for you, it’s worth getting an idea of the value of your property first. Use our free instant valuation tool to get a ballpark figure today.