The world of online estate agency promises a cheap solution, but two vital ingredients are missing; a sales force and a specialist adviser. A reputable local agent will have a team of five to 10 local experts putting in hard work to get the best possible price for a vendor.
Most people want their property assets to be handled by professionals with experience in the market and local knowledge. Working with a local expert is invaluable, not least because buyers and tenants like to see a reliable agent’s label on quality property. Local knowledge is crucial to navigate the complexities of a marketplace and achieve the best possible results; in this respect, online agencies struggle to compete with a bricks and mortar agency. With 28 offices across Central London, Dexters is well placed to facilitate your property sale or search.
The United Kingdom has the lowest estate agency fees in the world – compared with a global average of between 4% and 8%. Using an online agent to avoid a few thousand pounds in fees can often be a false economy and lead to greater losses in the long run. Call us today or pop into one of our London offices to discuss your property requirements.
The main attraction of online agents is that their fees are often hundreds of pounds when traditional agents charge thousands. The fee is typically about £849, or £1,199 for those selling in and around London. The average High Street estate agent fee is 1.5% - so about £3,251 for a property priced at the national average of £216,750. Their flat fees are less than those charged by traditional High Street agents, attracting customers and investors alike. However, online agents charge whether they sell the property or not. This leaves some people with a bill - and an unsold home.