Selling your house can be a stressful experience, especially when you’re relying on a high-street estate agent to make it happen. While estate agents can provide valuable services like property valuations, listing your home, and arranging viewings, there are also many potential drawbacks to working with them. Here are some of the difficulties you may encounter when selling your house through a high-street estate agent in the UK.

High Fees

One of the biggest issues with using a high-street estate agent is the cost. Estate agent fees can be as high as 3-4% of the sale price, which can amount to thousands of pounds. This can significantly eat into the profit you make on the sale of your property.

Lack of Control

When you work with an estate agent, you’re essentially putting your trust in their hands. They control the marketing, viewings, and negotiations. This can be frustrating if you feel like you’re not being kept in the loop or if you disagree with their approach.

Limited Reach

While estate agents will list your property on property portals like Rightmove and Zoopla, they often have limited reach beyond their local area. This can limit the pool of potential buyers who see your property and may make it more difficult to sell.

Slow Process

Selling your house through an estate agent can be a slow process. There are many factors that can slow things down, including delays in getting your property listed, arranging viewings, and waiting for feedback from potential buyers. This can be frustrating if you need to sell quickly.

Inconsistent Quality

The quality of estate agents can vary widely – even within the same branch. Some agents are highly experienced, professional, and provide excellent service, while others may be less competent or less motivated. This can make it difficult to know who to trust and who will provide the best service.

So, what are your alternatives?

There are many alternatives to using a high-street estate agent, including online estate agents, property buying companies, and auction houses. These options can offer advantages like lower fees, more control, wider reach, and faster sales.

For example, online estate agents like Purplebricks and Yopa offer fixed-fee pricing models and give sellers more control over the selling process – however you will need to self manage all the steps of the sales process, which will likely still take 4-6 months at least.

Auction houses can provide a relatively fast (~2 months) and transparent sales process, but you will not know what the house will sell for (or if it sells, as there is also an additional buying cost for the potential new owners which is oftentimes so high that it makes it unaffordable for first time buyers).

If you want a quick and hassle-free sale, Roy Property Solutions can offer you a free valuation within 48 hours, manage the complete sales process and work to your timelines – we can close as fast as just a few weeks!

Ultimately, it’s up to you to decide which approach is best for your needs. But by understanding the potential drawbacks of using a high-street estate agent, you can make a more informed decision about how to sell your property. 

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The future can be a scary place. Between worries about retirement, concerns about providing for your family, and uncertainties about the economy, it's no wonder that so many of us feel anxious about what lies ahead. And even in the present day, there are plenty of reasons to feel stressed out: job insecurity, financial instability, and a never-ending to-do list are just a few of the things that keep us up at night.

The answer, for many people, lies in property investment. Whether you're looking for a long-term investment or a way to generate passive income, property can be a smart and stable option.

In this blog post, we'll explore some of the biggest fears and worries that people have about the future and the present, and we'll show you how property investment can be the solution to these concerns. So, if you're ready to take control of your future and secure your financial stability, read on!

Are you also suffering from one of the Top 10 fears of Today & Tomorrow?

1. Financial stress: Constantly worrying about money can be incredibly stressful and can take a toll on your physical and mental health. Property investment can provide a reliable source of passive income, helping you feel more financially secure and confident in your financial future.

2. Lack of retirement savings: Retirement can be a scary prospect if you haven't saved enough money to support yourself. Property investment can help you build a comfortable nest egg, providing a stable source of income that can help you enjoy your golden years without worrying about finances.

3. Worries about job security: Losing a job can be a major blow to your finances and can make it difficult to stay afloat. Property investment can provide a source of income that is independent of your job, offering a safety net in case of unexpected job loss or other emergencies.

4. Concerns about leaving a legacy: Many people want to leave a legacy for their loved ones, but worry about how to do so in a way that is financially sustainable. Property investment can provide a valuable asset that can be passed down through generations, creating a lasting legacy of financial stability and security.

5. Lack of time for family and friends: Balancing work, family, and other obligations can be incredibly challenging, leaving little time for the people and activities you love. Property investment can provide a passive income stream that requires minimal effort on your part, allowing you to spend more time with your loved ones and pursue your passions.

6. Inflation: Inflation can eat away at the value of your savings, making it difficult to maintain your standard of living. Property investment can provide a hedge against inflation, as rental income tends to increase over time.

7. High taxes: High taxes can take a significant chunk out of your income, leaving you with less money to save or invest. Property investment can offer tax benefits, such as deductions for mortgage interest, property taxes, and depreciation.

8. Fear of missing out (FOMO): FOMO can lead people to make impulsive investment decisions, which can be detrimental to their financial well-being. Property investment can offer a long-term investment option that allows you to grow your wealth steadily, without succumbing to the pressure of FOMO.

9. Fear of losing money: Fear of losing money can prevent people from taking risks and making the most of their investment opportunities. Property investment can offer a relatively low-risk investment option, as property values tend to appreciate over time, providing a stable source of passive income.

10. Low interest rates: Low interest rates can make it difficult to earn a meaningful return on your savings. Property investment can provide a higher rate of return, as rental income tends to provide a higher yield than other types of investments.

Thinking about dipping your toes in or even jumping head first into the fascinating world of property investment?
Get in touch HERE - we could help you fast track your journey!