Estate agents lose interest in slow-selling homes
If a property has been on the market for more than 14 days, estate agents are less likely to put effort into selling it. That’s according to a recent survey in which more than 2,000 sellers were polled about their experiences.
Online estate agent HouseSimple.com found that 51% of vendors were asked to drop the price if their house didn’t sell quickly – and also had to start nagging their estate agent for updates, as they no longer appeared motivated to sell.
Furthermore, 21% of property sellers said around half of viewings were organised for people who were unlikely to consider buying their house – and in London and Wales, this rose to around 40% of sellers. Of course, this is very frustrating for anyone who wants to sell property fast.
When asked if they thought the estate agent was worth their fee – usually a percentage of the house sale value – 42% of sellers said no, while 28% said they didn’t think their agent had put enough effort into marketing the house to relevant prospective buyers.
And when it came to sale value, 27% said their estate agent only secured a solitary offer for their home, meaning there was no competition between buyers and therefore no opportunity to attract higher offers.
Do you fear that an estate agent might struggle to sell your house and stop trying? Contact National Homebuyers for advice, as we guarantee to buy any home for cash. Call 08000 443 911 or request a call back to find out more.