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Anyone Ever Sold Or Bought A Property Privately (No Ea)?

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I've only ever seen one house being put up for sale privately. A quick google search found this website http://www.mypropertyforsale.co.uk

but they basically look like internet only estate agents charging a lot less commission.

Its interesting because its a lot more common to find private rentals than private sales - I guess if more people do it we can have less Estate Agents in the world :D

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Every house that I have seen where the vendor was attempting a private sale has failed.

After a few months the vendor went with an EA and achieved a sale.

Self selling is much harder than you think it might be

tim

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Every house that I have seen where the vendor was attempting a private sale has failed.

After a few months the vendor went with an EA and achieved a sale.

Self selling is much harder than you think it might be

tim

I'm struggling to believe that.

Estate Agents aren't exactly advanced people. You don't need any sort of professional qualification to buy and sell houses. Any idiot can become an estate agent and do it.

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Every house that I have seen where the vendor was attempting a private sale has failed.

After a few months the vendor went with an EA and achieved a sale.

Self selling is much harder than you think it might be

tim

+1 I see them from time to time but they are always overpriced, have too many pictures, break the property misdescriptions act and nine times out of ten end up going with an agent anyway.

Edit: or withdrawing.

Edited by PbroAgent

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I found a buyer privately for my 1st flat in 2003. I paid £49 to HouseLadder (I think). Sadly, he pulled out after 2 months of waiting on the usual solicitor crap. I think it can and does work. You can save a fortune on agency fees or negotiate them off the price. One downside is there is no middle man who often makes negotiating and problem solving easier for both parties.

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I'm struggling to believe that.

Estate Agents aren't exactly advanced people. You don't need any sort of professional qualification to buy and sell houses. Any idiot can become an estate agent and do it.

But they bring in the punters that direct ads don't find.

Don't ask me to explain how, but they do

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But they bring in the punters that direct ads don't find.

Don't ask me to explain how, but they do

By having expensive high street shop fronts and by offering an experienced service solving many of the problems that would cause people in a private sale to lose their buyer.

An agent can speak to both solicitors and other agents in a chain, no solicitor worth his salt would ever speak to the opposite party in a transaction.

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I found a buyer privately for my 1st flat in 2003. I paid £49 to HouseLadder (I think). Sadly, he pulled out after 2 months of waiting on the usual solicitor crap. I think it can and does work. You can save a fortune on agency fees or negotiate them off the price. One downside is there is no middle man who often makes negotiating and problem solving easier for both parties.

To be fair in my experience the 'middle man' can often unintentionally confuse the situation, and often speaking directly with the vendor can be more straightforward!

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I have bought without an ea.

Well, we completed the purchase without one anyway.

It was an ea advert that found the house and an ea that showed us around but he was a dik so I suggested to the vendor 10 minutes after leaving that we drop him. I was of course expecting the vendor to split what he was saving in fees with me by reducing the price but he stitched me.

The purchase went through easily enough though.

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+1 I see them from time to time but they are always overpriced, have too many pictures, break the property misdescriptions act and nine times out of ten end up going with an(other) agent anyway.

Edit: or withdrawing.

If you are talking about properties marketed by Estate Agents I couldn't agree with you more.

I know people that have sold privately and saved themselves many thousands of pounds doing so. It's not as difficult as people might think (or rather Estate Agents want people to think it is).

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I'm struggling to believe that.

Estate Agents aren't exactly advanced people. You don't need any sort of professional qualification to buy and sell houses. Any idiot can become an estate agent and do it.

You do need a professional qualification to be an estate agent, from the National Federation of Property Professionals. It isn't a particularly difficult exam to pass, but if you went into the exam hall with no preparation whatsoever, you would probably fail.

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You do need a professional qualification to be an estate agent, from the National Federation of Property Professionals. It isn't a particularly difficult exam to pass, but if you went into the exam hall with no preparation whatsoever, you would probably fail.

I've been an estate agent for years and have never taken the exam. The industry is unregulated and any tom, dick or harry can start up with no experience whatsoever. I plan to take the exam (at some point) and join the NAEA - if only to highlight my experience and credential over my rivals.

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I've only ever seen one house being put up for sale privately. A quick google search found this website http://www.mypropertyforsale.co.uk

but they basically look like internet only estate agents charging a lot less commission.

Its interesting because its a lot more common to find private rentals than private sales - I guess if more people do it we can have less Estate Agents in the world :D

I tried to sell my house privately, but it wasn't that easy! Initially I "sold" it to the builder across the road who I got in to refit the kitchen and bathroom. He asked me how much I wanted on the 3rd day of work. I said to make me an offer and he said he would give me £200K. This was a bit below market value, but I accepted because I didn't need to advertise, get a HIP or pay EA fees. He initially said the offer was unconditional - buying our house was not dependant on him selling his place. He later said he needed to sell his place, so we waited for him to sell his place. Finally he sold his place but he didn't get as much as he thought AP was £325K and he accepted £292.5K. He pulled out of the deal in late August 2009.

I then advertised privately on Gumtree, Tepilo and any other free websites that I found. I also advertised with an on-line EA that got me on Rightmove and Primelocation for £295 up-front fee. "Sold" my house again via the on-line EA in October 2009 to a retired couple for £220K. They were in a chain and needed to sell their house to buy our bungalow. Their buyer then pulled out and the chain collapsed.

I was advertising the house in local newsagents, had a "for sale" sign made up, had magnetic for sale signs advertising the bungalow on both our cars. I also made my own website to advertise the house. I also placed 2 adverts in the property section of the local newspaper. Between August 2009 and April 2010 all this advertising produced:

EA via Rightmove - 4 viewers and 1 offer.

For sale sign - 1 viewer

Vehicle signs - 2 or 3 enquiries, but no viewers

Free websites - around 5 enquiries and 2 appointments. 1 viewer and 1 no show. 1 person wanted to rent our bungalow.

Local paper and newsagents - No response

I then landscaped the rear garden and got 2 EAs up to value the place in April 2010. Both EAs said to market it around £230K to achieve £225-230K. Picked the EA we got along with and he put the place on at OIEO £230K in May 2010. He found 5 viewers including 3 cash buyers. 1 person viewed our place twice along with another place, but they bought the other place. 1 cash buyer didn't like our place. The other 2 cash buyers made us an offer. 1st offered £220K which we refused and they increased to £222.5K. 2nd cash buyer loved our place and offered £230K which we accepted. The people then decided our bungalow was too small after 2 weeks and pulled out of the deal. By now it is the end of July 2010 - the EA contacted the 1st cash buyer again, but they won't respond to his calls.

Changed EAs to another small EA in the next village who specialises in rural property in August. They suggest to market at £235K to achieve £230K. They have 4 viewing requests, but only had 2 viewers 1 no show and 1 cancellation.

Perhaps we have just been unlucky, but we didn't manage to sell privately. The EAs get more people through the doors, but even they couldn't secure a sale. I think most of our target market (retired people) don't use the internet to search the free house websites to look for property. The people who made enquiries via the free websites were young couples who wanted to trade up from a flat.

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I tried to sell my house privately, but it wasn't that easy! Initially I "sold" it to the builder across the road who I got in to refit the kitchen and bathroom. He asked me how much I wanted on the 3rd day of work. I said to make me an offer and he said he would give me £200K. This was a bit below market value, but I accepted because I didn't need to advertise, get a HIP or pay EA fees. He initially said the offer was unconditional - buying our house was not dependant on him selling his place. He later said he needed to sell his place, so we waited for him to sell his place. Finally he sold his place but he didn't get as much as he thought AP was £325K and he accepted £292.5K. He pulled out of the deal in late August 2009.

I then advertised privately on Gumtree, Tepilo and any other free websites that I found. I also advertised with an on-line EA that got me on Rightmove and Primelocation for £295 up-front fee. "Sold" my house again via the on-line EA in October 2009 to a retired couple for £220K. They were in a chain and needed to sell their house to buy our bungalow. Their buyer then pulled out and the chain collapsed.

I was advertising the house in local newsagents, had a "for sale" sign made up, had magnetic for sale signs advertising the bungalow on both our cars. I also made my own website to advertise the house. I also placed 2 adverts in the property section of the local newspaper. Between August 2009 and April 2010 all this advertising produced:

EA via Rightmove - 4 viewers and 1 offer.

For sale sign - 1 viewer

Vehicle signs - 2 or 3 enquiries, but no viewers

Free websites - around 5 enquiries and 2 appointments. 1 viewer and 1 no show. 1 person wanted to rent our bungalow.

Local paper and newsagents - No response

I then landscaped the rear garden and got 2 EAs up to value the place in April 2010. Both EAs said to market it around £230K to achieve £225-230K. Picked the EA we got along with and he put the place on at OIEO £230K in May 2010. He found 5 viewers including 3 cash buyers. 1 person viewed our place twice along with another place, but they bought the other place. 1 cash buyer didn't like our place. The other 2 cash buyers made us an offer. 1st offered £220K which we refused and they increased to £222.5K. 2nd cash buyer loved our place and offered £230K which we accepted. The people then decided our bungalow was too small after 2 weeks and pulled out of the deal. By now it is the end of July 2010 - the EA contacted the 1st cash buyer again, but they won't respond to his calls.

Changed EAs to another small EA in the next village who specialises in rural property in August. They suggest to market at £235K to achieve £230K. They have 4 viewing requests, but only had 2 viewers 1 no show and 1 cancellation.

Perhaps we have just been unlucky, but we didn't manage to sell privately. The EAs get more people through the doors, but even they couldn't secure a sale. I think most of our target market (retired people) don't use the internet to search the free house websites to look for property. The people who made enquiries via the free websites were young couples who wanted to trade up from a flat.

I think the fact you've put the price of your house up £35k in a falling market hasn't helped you :blink:

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We were selling to the builder "as is" and not paying him to install the kitchen and bathroom. The back garden was also a mess, as we got 4 tonnes of topsoil to fill in 2 large koi ponds (and this wasn't even enough to completely fill them). The builder told us to leave the garden. After he pulled out he hit us with a bill for his work (although we only paid him half of the bill). We then still needed to decorate the house, landscape the rear garden and fully paint the outside of the house. The builder was getting a bargain at £200K, but he couldn't afford to buy it. Him and his wife were getting a divorce and he was buying the house for the ex-wife. In the end the wife bought a 1 bed bungalow.

The £220K offer was halfway through the doing the renovations. The kitchen and bathroom had been installed, but the house needed some minor plastering and decoration carried out internally. The garden and exterior of the house had not been painted by then.

The £230K offer was after the rooms had been plastered and painted. The exterior was painted and the rear garden was landscaped.

So you are not comparing like for like. Even at £235K this bungalow is still cheaper than the 2 nearest bungalows. One is a smaller bungalow (in a bigger village 3 miles away) on a smaller plot with no view and this is on at £240K. The other one is a slightly bigger bungalow on the same sized plot with a countryside view in a small village 3 miles from us and this is advertised at £290K.

Price isn't the problem for us selling this house - nobody has said that it is too expensive. We must have had it priced right at OIEO £230K when we had 3 cash buyers viewing and 2 of them submitting an offer. :rolleyes: Most of the people buying the bungalows are retired people who are downsizing. Most of the people who don't like the place say that it is too rural (in a small village with around 100 houses and no shops).

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If you are talking about properties marketed by Estate Agents I couldn't agree with you more.

I know people that have sold privately and saved themselves many thousands of pounds doing so. It's not as difficult as people might think (or rather Estate Agents want people to think it is).

The last couple of sales in our street were private, and mine was almost, but buyer withdrew due to fertility issues.....

Last year we had three couples knock on our door asking us if we were considering selling. First couple bought three houses down as we had not found a place to move to (privatel purchase), second had the fertility issues and the third who knocked on our door the day after the 2nd couple withdrew offered too low for us to move.

The first two couples offered asking price, the third 8% below. We did have it with an estate agent and despite half a dozen viewings didn't get any offers.

The agents commission in our area was low (<1%), so I had no problem with selling through them, but I had more joy with people canvassing.

If you live in an area with high demand (we have couple of good primary schools and live on the edge of a forest with good transport links), then it is easy to sell privately. Pretty much anything in our area sells. And I do mean anything, including some that look like they should be condemned.

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  • 311 Brexit, House prices and Summer 2020

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      • down 5% +
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