Personable Property Vs Estate Agent Vs Auction
Personable Property
- Fast sale- Instant cash offer and complete within typically 3 weeks
- Offer up to 100% of the market value within 24 hours
- No hidden estate agency, solicitors or valuation fees
- No chains involved
- Any condition properties are welcome
- Guaranteed property sale
- Undoubtedly the fastest, most stress free process
Estate Agent
- Estate Agency fees- Typically 0.75%- 3% of the agreed sale price
- 4- 12 months to completion
- Property can stay on the market for several months
- Broken chains
- Multiple viewings and valuations
- No guaranteed sale- Fees will still have to be paid regardless of property not selling
- Contractual tie in to the estate agent for typically 12 weeks, irrespective of how well they operate
Auction
- Pay 2.5% Commission fee
- Pay Marketing, Room Hire and Admin fees
- Once signed up the property is contractually tied in for 4- 6 weeks
- No Guaranteed Sale- Even if your property doesn’t sell at auction you still have to pay the fees
- Price recognised- Typically the price recognised at an Auction is the lowest out of the three methods
