There has been recent media coverage exploring the possibility of "going it alone" and selling your property yourself without using professional estate agency services.
When this might seem like the cheaper option, why should you use an estate agent and what benefits can a solicitor estate agent provide?
Solicitor estate agents such as Morton Fraser are regulated by the Law Society of Scotland and in addition, Morton Fraser has also signed up to the ESPC Charter on service provision. There are therefore strict regulations and codes of conduct which the solicitors and estate agents who work in these organisations must comply with.
Experience and knowledge
An experienced estate agent with an excellent knowledge of the market can be worth its weight in gold and more often than not will pay for itself in terms of the sale price achieved.
Moving house, whether buying or selling, is said to be one of the most stressful life events. Our aim is to minimise that stress and take on the responsibility of dealing with the whole process.
There is a lot of work involved in selling your own property and it's important not to underestimate the time involved and the need to devote sufficient time to achieve the best results. We will help at an early stage, right from the point you are just starting to consider the possibility of selling, to provide our thoughts on the value of your property and provide recommendations as to how you might market your property and present this for sale. While, for example, you may think you need to completely renovate your kitchen before putting the property on the market, in reality, the cost of doing that may not be worth it in the long run.
When you are ready to market, we will instruct the surveyor to complete the home report, organise the photographs and arrange for the marketing schedules to be prepared. We will also arrange for your property to be advertised using the channels we feel are most appropriate given the nature and location of your property. Once on the market, we will co-ordinate viewings (and cover those if that is the preference so you don't need to get involved). Like any good estate agent, we will promptly follow up with interested parties and deal with the negotiations on your behalf. All this can be a lot for an individual to juggle and does take a lot of time.
Property process under one roof
A solicitor estate agent such as Morton Fraser can deal with the whole process on your behalf. As well as providing a full estate agency service, we will also negotiate your sale, conclude the contract (missives) on your behalf and carry out all of the legal conveyancing.
Using a solicitor estate agent which is part of a full service firm has many other advantages. Buying and selling property is likely to be a trigger for tax and succession planning - whether you need to simply update your Will, take the opportunity to prepare a Power of Attorney, chat through the tax implications of the sale (be it capital gains tax or inheritance tax) or indeed receive financial advice on how to invest any surplus sale proceeds, we can help with all of these issues without you needing to go elsewhere and "reinvent the wheel" with another solicitor.
While opting for a more basic estate agency service or even going it alone may seem attractive at the outset, it's important to think about this carefully and consider the benefits which a good estate agent and law firm can provide. A good estate agent is not necessarily as expensive as you may think and can deal with all the points we have considered and considerably reduce the stress involved with the sale of your property. A good agent should also really add value to the process, helping to achieve the best price for you, therefore paying for themselves.