Online Estate Agents Good or Bad For Bristol

Online estate agents are becoming increasingly popular in Bristol as well as Nationwide. This is mainly due to the costs associated with using them and how generally, they are far more competitive on price than most high-street agencies.  Although this may be a tempting prospect, let us examine the pros and cons of this process:

Firstly, what are the benefits of using an online agent?

The main benefit of using an online agent is their flat fee offers, many online agents offer flat fee deals starting from around £400.00 to £1000.00, a far cry from the typical percentage most agencies charge currently.

How are they able to do this?

Simple; Because they have less overheads. Most online agencies don’t operate from a shop front, they don’t have permanent members of staff in each area and they don’t spend funds on localised advertising.

What are the disadvantages of using an online agent?

This biggest disadvantage is that because of the low fees, you will be usually required to do a lot of the leg work yourself. You will have to conduct viewings, potentially carry out the negotiations yourself and toughly monitor the process from the initial offer to completion. A daunting task for anyone not experience with selling property. 

Most online agencies will charge their fees upfront. Other agencies will argue that this takes away the incentive to sell the property for you. 

Accurate valuations can also be a problem, most online agencies will have a ‘specialist’ to cover large areas but the problem with this is that can it often lead to generalising areas and not coming up with the right figures. Most local agents can boast knowing your area intimately and know that house prices can vary street from street! 

What’s the solution?

At Moorfields Estate Agents, we realise that the old agency ways are slowly dying, the market is changing and that the use of the internet is at the heart of this movement. 

High street agencies are in danger of missing the boat on these developments if they don’t react and evolve fast. 

As a small independent agency, keen to make its mark we have developed a solution to hopefully keep pace with this changing environment and it really is very simple; Provide a high-street agency level of service but with online agency prices.

If you are looking to sell your Bristol property in the following areas: Hanham, Bristol City Centre, Downend, Kingswood, St George, Redfield, Longwell Green, Brislington, Lawrence Hill, Emersons Green, Fishponds, Conham, Potterswood, Warmley and Oldland Common. Moorfields Estate agents can help you.

We are running a promotion that we hope will catch on where we offer a full sales service from start to finish for just £800.00 plus VAT.

What this will include:

• Expert local valuation advice on property pricing
• Photos, Floor plans and EPC all included within the charge
• A highly efficient turnaround in getting your property on to the market as soon as you need it
• Accompanied viewings
• Full negotiation of sale
• Full sales progression from offer to completion
• No sale, no fee terms
• Flexible sole agency contracts
• Regular feedback on viewings
• Personal, professional and dedicated service from our whole team

We feel that with the above points it is the perfect time to sale and make the most of this offer!

If you would like a free property valuation click here or to find out more click here to contact Moorfields today.