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Estate Agent Advice For Both Buyers And Sellers

Aug 14, 2008
Colchester in Essex is regarded to be the oldest town in Britain, referring to the large Roman settlement on the site. The town has always been hot property because of its preferential elevated position over the surrounding landscape as well as its proximity to the sea and River Colne. Today this is no less true and your average estate agent in Colchester is more than happy to present a variety of properties that range from luxury executive flats to cute terraced cottages. Ultimately, when looking at buying property in the area it is worth using the services of a Colchester estate agent; they have the local knowledge that will enable you to find the right property in the right area. But when selecting agents it is important to make a few vital considerations, hopefully the following information will help you in making your choice.

The first and most important consideration is to realise the importance of balancing costs and service. If an estate agent quotes you a ridiculously low price, it is advisable to be wary, it does not necessarily relate to the service you will receive. Fees are an inevitable part of the property selling process but it is important to remember that service should be your primary concern. Choose the right service and the fees will always be negotiable, be careful however, if you secure too low a price due to your hard bargaining, the service you are given may suffer.

Naturally once you have reached a verbal agreement with the estate agent it will be time to sign the contract. This is where extra care should be taken, meticulously poring over the details to ensure you are in not left with any misunderstandings. One of the most important contractual agreements will be the time period you are tied to the agent for, ideally you want to keep this to around six weeks to two months, any more and you may find yourself stuck with an agent who is not performing their role effectively. Additionally it is strongly advisable to avoid "sole selling" agreements; these will limit your selling opportunities as you will be tied to a single agent.

Usually a single estate agent is not totally a bad idea however, multiple agents can in fact make the buying and selling process more complicated. There is a large opportunity for the agents to clash in their working methods and hence make their efforts ineffective and inefficient with different agents pulling in all manner of directions. That said, if the agents can strike up a good working relationship, they can achieve the right sale at the right price.

When selecting agents it is easy to take style over substance. Many of us are understandably put off by the hard selling, quick talking agent and would prefer the friendly, more honest looking. However, it is important to try and remove the emotional from the logical and decide which agent to use on their record, how quickly they can sell houses and how often they receive a sum close to the asking price. By taking this logical approach you stand the best chance of selling your home, if buying; choosing an estate agent that has a record of finding suitable houses for people is the most advisable course of action.

As well as the agent's past record, it is important to realise how they communicate with their clients. An estate agent that readily communicates all relevant developments in good time is the ideal. This however works both ways, as a client it is important to keep the agent informed of any changes in order for them to relate these changes to other parties.

This advice does not apply to estate agents in the Colchester but worldwide. Ultimately you are paying for a service; this service should perform the tasks it sets out to do, whether this is finding buyers or properties.
About the Author
Property expert Thomas Pretty looks into estate agent Colchester services and advises both buyers and sellers on ow to secure the best service.
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