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I am looking for a speedy sale and when the property was just about ready to go to market I put it up on social media before I chose my estate agent in the hope of attracting a buyer without having to pay EA fees. I put it on Facebook 'For sale or swap groups' in my local and surrounding area. I also put it on Preloved which is where I have had most interest. Unfortunately much of the interest has been via quick sale property companies who offer silly amounts and I am not desperate to sell just motivated. I did get one strong lead on Preloved from an investor who offered slightly lower than I wanted at the time so I dithered and she has moved on.
Have you tried social media for sourcing? If you post a wanted ad, someone might know someone. I would have put my property on Gumtree too but there seems to be a problem with my account and I can't get to it. Ebay classifieds is another - part of Ebay but just an ad like your typical newspaper classified.
My house did not sell at auction and is going through again. I understand the reservation fee for the buyer is likely to be a barrier in my case and I have chosen the wrong sales method. If someone were to have put a note through the door of my house having seen the auction sale board asking me to get in touch should it not sell, I would be very inclined to. Especially as I am free from my contract with the agents at this stage.
Sellers do not like estate agents either because of the big chunk of money they take from you but they are so difficult to avoid as how else do you get your property out there. Sellers and buyers have the same problem.. reaching each other without a middleman.
Other sources are trades people you deal with. They will deal with lots of homeowners
I remember a few years back there was a flurry of private seller websites being set up not sure how effective they are. Is it worth checking out those.
If someone could just set up a free repository where sellers could post sales to serious buyers it would be great.
Just use an onlinre EA
Should cost about £450
That is it!!
It will be advertised on the major property portals where everyone looks
See my new post:5 ways of selling an investment property
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Hey. What happened with the sale of this property? What were the best social media / Facebook pages that got the property the most attention?
The property did not sell by auction and I finally got through the notice on that contract. It is now up with the estate agents in the normal way as of yesterday as they had an enquiry about it. Just waiting for new photos to be done.
The site that attracted the most attention was Preloved. It is easy to search for property on there. The local for sale or swap sites on Facebook also were ok but Preloved was best.
You can put your property into our MarketPlace. The online agents like Hatched, HouseSimple, and Purple Bricks all market your property for you in the same way as a traditional agent getting the same exposure, you might just have to be more hands on and prepare to do viewings etc.
Thanks Vanessa. I did put it on the marketplace but have just realised I never put the link in my signature strip of my posts on here. I am with the estate agent who were the agents for the auction co. They are quite well established locally and a bit pricey but whilst I was deciding who to go with they received an enquiry and at a price I would be happy with so I managed to get a small reduction in fees and signed up with them. Just need to arrange new photos now after the gardener had been down.
I wish I had done it this way from the beginning as you suggested. Fingers crossed.