Perhaps the
single biggest reason why homeowners have traditionally used an estate agent
to sell their home, rather than do it themselves, relates purely to marketing
-
getting the property details in front of a sufficiently large number of
buyers to achieve a sale. Nevertheless, there is in fact no legal requirement
to use
an agent at all.
Even under a "sole agency" agreement, there is nothing to prevent a
homeowner from
advertising and selling the property privately...
...with no liability to pay commission if he /she ultimately finds a buyer
without the help of their agent. Since the introduction of the Unfair
Contract Terms Act, it is very rare now to find the term Sole Selling
Rights in an
estate agent's consumer contract, meaning that individuals are free to market
the property themselves - even where they have appointed a sole agent*.
The
internet provides the perfect medium for the DIY homeseller to advertise
his or her home at very low cost. Surveys have shown that more buyers than
ever (over 80%) are using the internet to
search for
properties for sale, so all you need is the means to get your home out there.
But being on the internet by no means guarantees that the property advertised
will actually be 'visible' to the many-millions of buyers now surfing the
net for homes.
There are dozens, if not hundreds of sites that promote themselves
as allowing a vendor to sell their home privately for little or no
cost...
...but, before choosing a 'free to advertise' internet property service,
homeowners need to consider carefully what they are likely to get 'for
nothing'. It can work - it is theoretically possible to connect to the right
potential buyer - but the fact is that this remains an unlikely possibility
with many of the sites available.
The
problem is that most 'free' sites are poorly marketed (due to inadequate
budgets) and rely either on advertising for their profit (which gets in the
way of the message and can be offputting to buyers) or worse, selling-on
registered users' e-mail addresses to junk mailing services - again this is
likely to put off the majority of buyers searching for property from using
such sites -
the very target audience a seller needs. The most well-known 'free to
advertise' internet property portal, relied for its profits upon
selling its customer mailing list. Despite substantial backing which allowed
it a multi-million pound advertising budget, it was forced to withdraw its
free service, because it was unable to make a profit on that basis (!). Not
entirely unexpected.
Many
sites offer to list homes for the do-it-yourself seller, with photographs,
for sale boards and other bells & whistles supplied for various fees - so
how do you choose? Like any marketing, it's all about EFFECTIVE VISIBILITY -
just being on the net is not enough in itself - to stand any chance of being
noticed your property must be in the RIGHT PLACE and WELL PRESENTED.
Look
first for a site which offers nationwide service to sellers anywhere in
the UK and, most importantly, is able to attract buyers in all areas of the
UK. Consider how well the property particulars are presented. How easy is it
to find and search the website database? Is 'real person' telephone support
provided? Are calls made on a freephone number (0800) or charged at national
rate (0870 numbers - the site makes
money on your phone call...)? How easy is it to obtain further
information or ask questions, are queries handled swiftly and efficiently
and staff helpful and knowledgeable? Is the website well-designed, attractive
and
easy to use thus encouraging buyers to return again and again? How well
connected
is the site to the property market in general?
How long has the service been established and how professional is it by
appearance and in practice? Don't expect much in
the way of service or response to your
advertising on a site, if you pay nothing or very little. Or is that just
common sense?
Some companies offer to build simple websites dedicated to just your
property, in order to advertise it for sale on the web. This is probably a
costly waste of time unless you have time on your hands to actively market
the website
yourself. The internet property world is an extremely crowded one and
search-engines /directories may not find and categorise a new website for
months (if at all), so chances are few buyers will ever get to see your
dedicated website. Better to piggy-back on the multi-million pound marketing
budgets of
the industrys biggest players by using an established property service.
Most
internet buyers are now being channelled by massive TV and press marketing
campaigns to a handful of household name high profile property-search
services, one of the biggest being FISH4 - these are
central or 'portal' databases of property for sale listed by subscribing
companies. The
Little
House Company has very low cost arrangements to publish
customer properties directly on over 500 partner sites and offers homeowners
highly effective advertising on what is now the leading property portal
network in the UK. We charge a fixed fee to
list any property from just
£89
with no time limit and nothing
more to pay. Advertising on our entire portal network costs just £135.
Compared to one-off advertising (say in a local paper), our
service offers huge ongoing exposure in the mainstream
market at very low relative cost.
An
interesting point revealed by market surveys is the fact that buyers
actually prefer to deal with the seller direct, rather than through an agent
- a survey by Halifax found that buyers have greater confidence in what
a
seller tells them about the property than what an agent says.
How
does our advertising work for vendors? The Little House Company is a direct advertising
service providing self-sell marketing tools at very low cost - that is WE
don't sell your property YOU do
- using our marketing reach, presentation and associate publishing
arrangements.
We do
not publish your complete address or name, only the contact details you wish
to use, so you have control over who gets to view your home and who doesn't.
You take responsibility for selling the property whilst we take
responsibility
for your details reaching the widest buying audience. You provide the
photographs and property description, you deal with buyers direct (forwarded
on to you through our website) you arrange viewings and handle all
negotiations.
We
manage the presentation of your property advertising and its exposure on
the mainstream services. We do NOT give advice on valuation, price or
prepare descriptions, nor do we offer any agency services, although we will
assist you to present your details well and
offer recommendations for changes which we feel will improve the appearance
and effectiveness of the listing. We provide free support and service
throughout
the period of advertising.
It's just like placing a private ad in your local paper, but MUCH
better, more targeted and effective.
Our
advertising fees are fixed, there is no commission or anything else to pay on
the sale and advertising with us remains in place until the property is sold
- there is no time limit.
The
Little House Company properties are widely published on the leading UK
property
portal websites like FISH4 and well ranked in major search
engines
like
Google - in all the advertising goes on to over 500 UK
websites, including 4Homes (Channel4) and 250
local newspaper websites around the UK.
Once your property is registered and payment received by us, it takes just
1 working day to post your details on our partner network. Online
registration and editing of property details can be made anytime
24 hrs a day. Photographs can be added
directly via the online editing facility, or posted to us
for scanning. Network listings are managed and updated automatically by our
systems, so there is only one record to worry about. Free customer support is
available during office hours, Monday to Friday, to
help you set up the advertising correctly or to deal with any
problems. A detailed practical guide is provided as part of the package to help
you get the most out of using our service. Statistics? - our
properties reach over 3 million buyers a
month through our various publishing arrangements. Few (if any)
competing services offer the level
of
EFFECTIVE exposure that our unique network provides for ALL of our
customers,
which we estimate to be some 5 times greater than our closest competitor. If
you
price your property fairly,
you will get a good response from our advertising - if not, you have the
facilities to
edit and modify the details to refine the advertising until you get the right
response level. Once we
generate the enquiries, the rest is up to you - as stated above, we don't
sell the property, you do, so ultimately success is in your hands (but we
help a
bit!). Our main SELLERS SECTION page
has FULL information about our fees, advertising network and two simple
guides
to our fast and easy online
registration
process : Guide
to ADDING a property
Guide to PHOTOGRAPHS. See our
FAQ (frequently asked questions) page for further
information about our service or click on CUSTOMER COMMENTS for a selection of
unsolicited testimonials from our many satisfied
advertisers.
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