Common Failures of Estate Agents in the UK

Whilst Estate Agents tend to deal with large transactions on an almost daily basis, they are not regulated as well as you may think. Sure, there are laws in place, but they are not tightly enforced. If you have a problem then you can hop on over to ombudsmen for the industry. The punishments tend to be very slim though. In fact, most of the time, providing the estate agent does not do something completely negligent, nobody really cares about their blunders. On this page I want to talk to you about a few of the most common failures and complaints made about Estate Agents in the UK.

Perhaps one of the ‘craftiest’ techniques used by an estate agent is to overvalue your property. They do this because they want to make you believe that they can achieve that asking price for you. You then decide to use their services, your home does not sell, and they ask you to reduce the price to a fairer level. It is important that if you do work with an estate agent you should get as MANY valuations as you possibly can. This way you will get some sort of idea about which ones are grossly overvaluing the property.

When you are working with an estate agent you should ALWAYS talk to them about the costs of publicity. Most will not advertise your property without getting hundreds of pounds extra from you. This is of course going to delay the sale of your property quite a lot.

Perhaps one of the BIGGEST mistakes made my estate agents is not vetting the people that come to look at your property. By this I mean that they really do not check whether the person coming into your property can actually afford it or not. You will be surprised at how many estate agents do this. It is a complete waste of your time. If you work with an estate agent then you need to force them to get a letter from the mortgage provider about whether a particular person can afford the property or not. If they can’t produce that letter, they can’t come in.

Finally, estate agents have a LOT on their plate. More often than not they will ‘forget’ to update you on the progress of your sale. They may not turn up to viewings (and this can you a lot of problems!), in some cases they may not even tell you when offers come in (this is rare, but it does happen from time to time). In short, this is going to delay sales. In fact, in some cases you may even find that it ends up costing you a sale.

The vast majority of these mistakes and failures can be eradicated by working with a company like ‘Sell My House UK’ to bring your home to the market. If you are looking into selling your property soon then you should really check them out.

Estate Agents should also been registered with the "Property Ombudsman", this is your best contact should you encounter Agents that aren't quite as professional as ‘Sell My House UK’

About Sell my House UK

Web: www.sellmyhouse-uk.co.uk
Email: info@housesforsale-uk.co.uk
Twitter: No1EstateAgents
Phone: 01325 540 107

Sell my House UK is the trading name of Passionate with Property Ltd. A unique type ofEstate Agents because whilst they are internet based, they have a team of local agents, negotiators and photographers available to their clients 12 hours a day, 7 days a week. How do you get people to commit to working this many hours. Everyone is so very passionate about property! Hence the company name. Thank you.