|Estate agents - What do they actually do?|
Estate agents can sometimes get a bad press especially concerning how much they charge and what they do.
Usually you will sign an agreement with and estate agent for them to market your property soley, for an agreed period of time, usually on a "no sale no fee basis".
So what do they do?
Firstly the will value the property. Local Estate agents have expert knowledge of what properties are worth at any given time and you should be guided by them. They are quite competitive with other agents so may tend to flatter a tiny bit with the valuation to get your business. So it doesn't always work to accept the highest valuation if you've had several estate agents around. Especially if they charge higher commision.
The estate agent will get together a leaflet with all the details to give to proepective buyers. They will display your property in the shop window and post it on their website
As interest arises they will accompany proective buyers to view your property.
They will then act as an intermediary between the buyer and selling discussing offers and counter offers trying to get the best price for you the seller. They are very exerienced at handling any issuees that arrive during this phase and should guide you smoothly through. Finally they will liaise with both parties solicitors and hand over the keys to they new owner when they get the go ahead that completion has occurred.