Tips for switching estate agents
Your home is on the market, but you’re not having any joy. No offers and viewings are slowing down. So you start to consider whether a fresh approach might be a good idea...
Here is how to switch estate agents...
Your home is on the market, but you’re not having any joy. No offers and viewings are slowing down. So you start to consider whether a fresh approach might be a good idea. The first month of marketing is by far the most important.
- Is your home not be selling because of your price point, marketing or the proactivity of the estate agent themselves.
- Are you receiving regular updates on the marketing stats and feedback on every viewing? Negative feedback is useful to obtain, as you may well be able to change things to benefit future viewings.
- Is your agent difficult to get in touch with or when you speak to them do you feel a bit of a nuisance?
- Typically an agent after a month will advise you to reduce in price, ask yourself did they value your property at that price and did they do so to win your business?
- Has your photography changed, description amended, are they requesting you to conduct the viewings?
If what I've mentioned resonates with your situation, feel free to reach out. However, one crucial aspect to consider is your contract. Are you committed to using the same agent for 16 weeks? Marketing a property for an extended period could result in it not appearing on the first page of property portals. Additionally, if you've already reduced the price, potential buyers may anticipate further reductions. Most estate agents typically require a notice period of 2 to 4 weeks to terminate the agreement. Another point what estate agents like to cover up is that, you can ask them to remove your home from all the websites, this then will help the new listing look even fresher when bought to the market.