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+---- Thread: Property Buying Company vs Estate Agent (/showthread.php?tid=9002)
Property Buying Company vs Estate Agent - annakieu193 - 08-01-2018
![[Image: Selling-your-house-in-a-hurry-Get-the-mo...r-it-1.jpg]](https://homeia.com/wp-content/uploads/2017/11/Selling-your-house-in-a-hurry-Get-the-most-money-for-it-1.jpg)
For many people, selling through estate agents represents long timescales, over valuations and the risk of chain-breaking.
Over-valued
For example, some estate agents over-value properties during the peak selling season. in order to inflate prices and their commissions. Initially, the promise of a good deal fills the homeowner with hope. This emotion soon fades into frustration and despair.
Negative publicity
Unfortunately, home buying companies have recently sometimes receive negative publicity, as some in the property industry have begun to claim that it is far more cost-effective to turn your home over to an estate agent when it's time to sell.
Estate agent commissions
Some high figures that the estate agents establish to be your home's market value is not for coming in the offers you receive. Homeowners who are under financial pressure and pressured timescales are thus forced to sell for much less than they originally expected.
Should you opt for the services of estate agents, they will be entitled to a percentage of the selling price once the sale is confirmed. Furthermore, the majority of estate agents will inflate the market price of your home, which means that you'll more than likely be compelled to accept an offer that is significantly lower that the value of your home.
In addition, this already reduced amount is now subjected to a mountain of hidden costs and deductions. Estate agent commissions are generally based on a percentage of the asking price of the home - not the final selling price
Also critical is the substantial amount of money that home sellers lose to estate agents' commissions, which can be up to 8% of the original inflated market value.
Avoid hidden costs and price uncertainty
If you choose to sell your property through us you avoid hidden costs and price uncertainty. Thus, when you combine the financial loss of accepting a low offer with the cut your agent will receive once the sale has been completed, the picture is no longer as it seemed at first glance.
With this in mind, it often makes sense to utilise the services of a home buying company, particularly if you need to sell your home fast. You also won't have to worry about undisclosed fees and expenses that are often part and parcel of such protracted business transactions.