There are a couple of things to consider when you’re thinking about using an online agent:
Firstly, they’re all different. So, give them a call, and view their online help materials to see precisely what their services include. They may sell you a ‘for sale sign’, but they won’t always put it up, for example.
Always ask to see their full contract terms and conditions - and read them thoroughly. Always check out how they vet potential buyers to avoid wasting your weekend on time wasters.
Bear in mind that with many online estate agents, you’ll be asked to pay the full fee up-front. This means that even if they fail to sell your property, you won’t get the fee refunded. This is likely to apply to any deferred payment schemes they offer you too.
Furthermore, on pay later or deferred deals, you are often signing up for a credit or loan agreement with a third party. This is partly to protect the agent so they can ensure they get their fee.
What marketing will the online estate agent do for my property?
While the online estate agent won't have your property details in a shop window, they do make use of the same online property sites. They will arrange for a photographer to come to your home and create details to showcase your property via online channels. They’ll line up viewings, but it will be up to you to show people around, which can be a hassle.