Property: Don't trust an estate agent when they give common advice – expert warning

HomeLife & Style

Property: Don't trust an estate agent when they give common advice – expert warning

With the property market opening up again, house prices have shot up in the last few months. This could be a great time to sell a property with the

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With the property market opening up again, house prices have shot up in the last few months. This could be a great time to sell a property with the help of an estate agent. A property expert shared tips for picking an agency.

The coronavirus lockdown helped a lot of homeowners realise what they like – and don’t like – about their home.

This has caused many Britons to look for a new house that fits all of their needs.

Changes introduced by Rishi Sunak mean there is no stamp duty on homes under £500,000 until March 2021, making it more affordable to buy.

With plenty of buyers currently looking, it can be a great time to sell a property.

READ MORE: Estate agent ‘trap’ you must watch out for

When buying or selling, many property owners will look for an estate agent to offer a guiding hand.

While many agents will share their tips and tricks on buying and selling a home, they will not all offer the best advice.

In fact, there are some estate agent comments that sellers should be wary of, according to Yopa’s regional director for the West Midlands James Morton.

Those who are looking to buy a property should watch out for agents wanting to handle both the buying and selling process.

DON’T MISS

James said: “A lot of estate agents try the ‘if you want to purchase this property, it would make for a more secure chain if we were to handle your sale too’ line.

“Instructing an estate agent because you have viewed the one you like through them has no impact on whether or not the sale progresses.

“The agent will likely continue to market the property you are interested in and introduce potential purchasers to it.”

While some estate agents will encourage homeowners to do everything through them, this is not necessarily beneficial.

He explained doing this does not guarantee loyalty or make it more likely for Britons to get the house they want.

When purchasing a property, only working with one estate agent will not make the sale easier.

Deals made when buying and selling can fall through for a number of reasons and will happen regardless of who is handling the sale.

The expert continued: “Chains collapse due to a variety of reasons, including unknown issues surfacing or a difference in opinion on a surveyor’s valuation.

“These cannot be helped, regardless of whether the same agent is handling both sales or not.”

Before signing up with an agency, homeowners could benefit from shopping around.

This could help them find the best estate agents for what they are looking for.



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