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 – 1.5% 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.
London home owners pay an average of almost £9,000 in commission to their estate agents for selling their property, it was claimed today. The average fee rose seven per cent last year to £8,860 as a total of £521 million was collected by agents, according to new analysis of Land Registry figures. Michael Bruce, chief executive of online agents Purplebricks, which carried out the analysis, said: “People too often engage an estate agent without realising or thinking about whether there is a better alternative. "The service they receive is the same whether the house is valued at £100,000 or £1 million, therefore the fee paid for securing the sale should be the same.”