When it comes to choosing the right estate agent to sell your home, it’s important to consider how much you’re willing to pay for the service and how it might affect your decision when choosing the right team.
It was traditionally accepted that an estate agent selling your property would receive a percentage of the final sale price, therefore making this a commission-based payment. However, in more recent years this approach has been challenged by the introduction of fixed fee agreements.
Choosing the right fee structure for you
When it comes to the traditional, commission-based fee, a percentage is paid based on the final agreed price of your property. This, in turn, works as an incentive for the agent to negotiate the best deal possible for their client, as they will benefit from the commission of the sale as well as the property owner.
The introduction of fixed fee services – more notably with online agents – has provided clients with a potentially cheaper solution to selling their home. It’s important to note, however, that when choosing a fixed fee service, the estate agent will often require an up-front payment that is non-refundable. It’s also worth being aware that the amount you pay can vary considerably from the amount you were initially quoted by that team.
As one of the largest transactions you’re ever likely to make, we recommend doing your homework. Regardless of the option you choose, there will always be a cost and our advice is to ask your agent what incentive they will use to get the best deal for you.More often than not, your first encounter with an estate agency team will give you an appropriate insight into the services they provide, their level of efficiency, and whether or not you feel comfortable in trusting them with this momentous task. We encourage you to find a team that you can build a strong rapport with and who can help build relationships between you, your agent and the buyer of your property.
Why choose Innes & Mackay estate agents?
Our property team has been involved in the Highland property market for almost 150 years, taking on the various challenges faced by our industry and continuing to always remain ahead of the curve.
As a local, well respected estate agency team, we provide the most up to date knowledge on local market figures and trends for Inverness and the surrounding Highland communities that we serve. We also work alongside popular property advertising teams and platforms, including Rightmove, Zoopla, Prime Location and HSPC – as well as posting on social media and listing your properties in local press.
It takes a great deal of skill and local insight to effectively market a property and achieve the best possible sale price for a client. However, with our extensive knowledge of the local area and years of experience in this industry, we know what it takes to support you in the sale of your home.
Contact our team for more information about our estate agency services and how we will get the best deal for you.