If you sell your house online you’ll make massive savings in estate agency fees.
According to a recent report by consumer body Which? Choosing an online estate agent instead of a traditional high street estate agent could save you on average more than £3000 in fees.
Another benefit is the fact that a lot more people choose to search for property online rather than visiting the high street. Recent surveys show that as much as 90% of purchasers find the right property to buy by searching online on property websites.
Despite this, over 90% of vendors currently still employ a traditional estate agent according to the Office of Fair Trading when it comes to selling property. If you take the example of travel agents and banking then more and more people will use an online estate agent as the advantages become more apparent.
Online estate agents are able to keep their costs down by operating out of a single call centre rather than having a network of local offices. They don’t have expensive overheads such as high rents, rates and running a fleet of company cars. By employing the latest computer systems and by advertising through a network of property websites they are able to cover the whole of the UK. The only drawbacks are that you will have to accompany your own viewings and you do miss out on the local knowledge of the high street agent. But taking into account the fee savings, that is a small price to pay.