What does an estate agent actually do?

November 26, 2020 3:40 pm

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We have all wondered what exactly an estate agent does. Their job is to give an expert view of a value of a property and set the right price for the market. They will take their local property knowledge into consideration as well as other similar houses they have sold from the Land Registry. This can give a more accurate price for the value of the house, how much other homes are selling for, and why it might be a good idea to sell a property for more or less.

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Nevertheless, it is important for someone who is considering selling or buying a property to do their own research first before approaching an estate agency. A good place to start would be to get an instant valuation for free online and to check the local Land Registry figures. It would also be a good idea to get valuations from three different estate agents, as some companies may over- estimate a property for the sole purpose to secure a client.

A decent estate agent will have good knowledge of what potential buyers are looking for and will be able to tell if a property will be able to sell for a higher price is changes are made to improve the home.

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It would also be a good idea to approach local estate agencies rather than consult some online as online agencies lack the knowledge of local areas and rely heavily on online data. An example of a Gloucester estate agency company can be found here: https://www.thomasandthomasproperty.co.uk/.