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What is an online estate agent?
In the past, you would automatically reach out to your local estate agent if you wanted to sell your home. The traditional approach was the norm and online estate agents didn’t exist.
But with the emergence of new technologies and a shift in what homeowners want during the selling process, there are now a multitude of different ways to sell your house online.
Today you can sell your home on your own terms, selecting a method that suits your budget, timeframe and financial goals. If you sell your house online, you can avoid the traditional route and save yourself a lot of time and money.
Online house-selling agents, like Sold.co.uk, are able to provide a fully-managed house selling service, using a tailored approach to sell your home in exactly the way you need.
Why work with an online estate agent?
- Faster than the majority of the UK’s top estate agents*
- 75% of properties Sold within 30 days*
- 38 Days faster to completion than the average estate agent*
- Sell for free
- No surprise hidden fees
Get your home SOLD in just 7 days
How do I sell with online estate agents?
There are a few different ways you can sell your house online. All bring different benefits and disadvantages, so it’s important to find the right method to suit you.
Fully Managed Online Property Services
Some online estate agents are different, like Sold.co.uk. We don’t charge any fees at all, at any point in the selling process. There are no hidden costs, and we even cover the legal fees.
With a fully managed property service like Sold.co.uk, everything from photos and floorplans to advertising, right through to completion of sale, are all handled by the online estate agent. Sold.co.uk can take care of everything you need to sell your house online and we offer a tailored approach so you can move between the services you need at the time.
Our goal is to sell your home online in the most efficient and hassle-free way possible. We never overvalue or over-promise, marketing your home at a realistic price and advertising to 98% of all active buyers.
Online Selling Packages
Online estate agents offer different types of packages which can suit different budgets. In contrast to high street estate agents, who charge between 1% and 3%+VAT commission of the selling price, conventional online estate agents usually charge a flat fee anywhere from £100 to £2,000.
Some cheaper packages don’t include things like photography, floorplans and advertising on the big property listing websites, so it’s important to find the right package for you.
Some conventional online estate agents offer an option if you pay upfront. However, this can come with risks, as your property is not guaranteed a sale. You may need to switch to another estate agency, which will result in more costs. Others offer a no sale no fee package which removes this risk, but they are usually more expensive.
Traditional High Street Estate Agents
Traditional estate agents in the United Kingdom typically charge a fee ranging from 0.75% to 3% of the property’s sale price, plus VAT, which is payable upon completion. These agents have followed a well-established approach for many years, often without significant technological advancements or innovation. Their process involves advertising properties on popular online portals, waiting for potential buyers to express interest, arranging viewings, and subsequently soliciting offers. Despite the relatively limited work involved, these agents charge a substantial fee, which helps cover the costs associated with maintaining physical high street offices.
Cash Buying Quick Sale Options
There are many online companies that will buy property for cash, although usually about 10% to 25% below the asking price. These can be a good option for people who need to quickly access cash or want to avoid repossession of their home.
If you use a cash buying company, you should research them thoroughly to check they are legitimate. You can search them on Companies House and look through their filing history. Genuine cash buyers will have entries denoting ‘registration of charge’ and ‘satisfaction of charge’. If the company doesn’t have these entries, they are probably a brokerage, not a genuine cash buyer, and they won’t be able to offer a fast sale.
You should also check reviews on Trustpilot, a website where companies are reviewed by customers. You can expect a few negative reviews for any company, but the majority should be positive for a decent organisation.
A cash buying company will give an initial valuation which may change once the house has been surveyed. So, you might not get the first price you were given.
Work with an online estate agent your way
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The new way to sell your house online
We believe that traditional high street and conventional online estate agency models have their place – but there are downsides to both.
Most agents overvalue your home to get you to choose them. This unfairly raises your hopes and wastes your time, as you’ll be asked to lower the asking price every few weeks to sell it.
On average, it takes a regular estate agent 190 days to sell your home. That’s 6 months!
Everyone knows this, yet everyone still plays the same game, despite the fact the first few weeks when selling your home are the most critical.
That’s the old way. We do things the Sold way.
Your online house selling journey
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Frequently Asked Questions about Online Estate Agents
Why should I use online estate agents over traditional estate agents?
Sold.co.uk are no fee agents. We provide our customers with a fully managed way to sell your house for free. You can avoid the commission and fees charged by traditional high street estate agents by selling with Sold.co.uk. Our hassle-free way of selling can have your property sold in a timeframe that suits you.
What is meant by online property agents?
Estate agents that operate solely via the internet are often referred to as online estate agents or internet only estate agents. Many people are using this way of selling their home to benefit from zero fees and a stress-free way to sell a property.
How will you contact me if you operate solely online?
Just because we are an online estate agent doesn’t mean you won’t get amazing customer care. Your property sale will be managed by one of our expert agents and they will keep you informed at every step of the process. You will never have to chase for information because everything will be relayed to you in an efficient manner.
How long will it take Sold.co.uk to sell my house?
By setting a realistic selling price with you from the start you can rest assured your house will sell more efficiently than it would with a traditional high street agent. We will promote your house to our network of pre-qualified buyers, so there is less chance of a sale falling through. We will also list the property on selling sites and we can auction properties if preferred. Talk to our team on 0800 566 8490 to discuss your timeframes and the options we have available for you.
What are the pros and cons of selling my home online?
A benefit to selling your house online is that it’s usually much cheaper than using traditional high street estate agencies. However, most conventional online estate agents will still charge a flat fee. If you sell your house online with Sold.co.uk, we won’t charge you any fees and we don’t have any hidden costs.
A downside to online methods is that a traditional high street estate agent might be able to squeeze a bit more money out of the buyer. However, you’ll likely end up losing that when you pay all the fees.
Another downside can be that whilst there are some free online estate agents, they can put much of the work on the seller, such as taking photos of the property or handling the advertising. However, Sold.co.uk can offer a free and fair service tailored specifically to your needs. We take care of everything and also run a fully managed sales progression team whose job is to make sure all parties complete the sale correctly.
Like high street estate agents, some conventional online estate agents might over-value your home by as much as 7% to win your business. You’ll be encouraged to put your property on the market for more than this is worth, only to be told to lower the price every few weeks when you don’t receive any interest, until your reach the realistic price. At Sold.co.uk, we never overvalue your home; we’ll only give you a realistic value for your property.
Selling your house online can sometimes bring more flexibility depending on the length of the contract you have to sign. You should check carefully with the online estate agent you use to make sure you don’t get tied into a long contract. Sold.co.uk will never tie you into a contract and will ensure a hassle-free sale.
Can I sell my house myself online?
Technically you could sell your own house online. But there are a lot of reasons why you shouldn’t.
Firstly, there is a legal requirement to have all paperwork relating to the sale be 100% accurate to the best of your knowledge, which can be difficult to achieve if you don’t have the right expertise. At Sold.co.uk all of our documents are approved by the Law Society and are completely compliant with the process of selling your home.
Secondly, you won’t have a database of buyers to immediately advertise your home to from day one. This could mean it will take a long time to find a buyer, if you can find one at all. At Sold.co.uk we have over 20,000 pre-approved cash buyers ready to buy your home.
Thirdly, you may not know how to create the best descriptions, photos, and accurate floorplans for your property. As part of our fully managed service, our expert team will handle all of this for you.
Lastly, listing sites like Rightmove and Zoopla do not allow private sellers. You can advertise your property on websites like Facebook and Gumtree, but they won’t be able to reach the same number of people as the big property listing sites. So, most buyers would not be able to find your property, and you would be unlikely to achieve the price you want. At Sold.co.uk we can market your property on Rightmove and Zoopla and reach over 98% of active buyers.
What is the cheapest way to sell my house online?
In short, the cheapest way to sell your house online is with Sold.co.uk. We don’t charge any fees, we have no hidden administration costs and we cover the legal fees. Unlike some other free online estate agents, we’ll also fully manage the property sale, from listing to completion, so the process is completely hassle-free for you.
Why should I choose an online estate agent?
Join the countless Sold customers who have found a better way of selling their home.
- We can sell your home faster than any UK estate agent
- There’s not just one way of selling and our approach is tailored to your needs
- Sell your house online easily with our fully managed service
- We pay your legal fees and selling your house is free
- We offer a transparent service and we never overvalue nor over promise
Read more about selling with online estate agents
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