Private House Sales Could Save more than £3 Billion per Year

Private House Sales represent a growing threat to the estate agency industry.

London, UK (PRWEB) July, 26 2006 -- People have heard it millions of times before; the Internet is a powerful tool and threatens many traditional business models. Now, thousands of people are now using it to cut out the middlemen and their commission and sell their homes directly.

Unloved for so long by the general public, estate agents now face the threat of seeing their business attacked by websites with low costs, good looks and instant access around the clock.

Over 40 “For Sale by Owner” websites are already targeting UK home movers, offering to advertise properties to millions of potential buyers with the additional advantage of saving thousands of pounds in commission.

According to www.private-house-sales.info, a traditional Estate Agency can take up to 4% of the transaction's value in fees. Since websites don’t have the physical presence and attendant costs of an estate agency, they can offer some of the same services for far less. The potential savings to sellers across the UK could amount to more than £3 billion per year in saved estate agency fees.

The services offered by the different websites vary, and many offer several packages for selling a home, but they generally include the following for free:

• Instant 24 hour access for reviewing advert and managing your account
• Access to customer service team
• Advertising space on their website, and their partner’s sites for varying periods of time
• Through partnerships many offer Valuations, Mortgage Quotations, Home Insurance, Conveyancing and Removals services

• Superior placement on website and partner’s sites
• Professional guidance on selling and buying without an agent

http://www.private-house-sales.info/

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