5 Things You Should Know About Selling Your Own Property in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas

When it comes to selling your home, it makes sense that you’ll want to receive as much money as possible, which is why so many homeowners consider cutting out the middle man and arranging their own sale.

If you’re planning to go down the route of selling your property yourself, it’s essential to have realistic expectations and be aware of the potential pitfalls. Below are five things you should know about selling your own property in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas.

Time and Effort

Selling your own property in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas takes a lot of time and hard work. From scheduling viewings with buyers to arranging marketing materials and professional photographs, you’ll soon come to realise why estate agents can be worth their fee.

Lower Offers

Properties that are sold privately in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas tend to sell for less than those sold with an estate agent. Estate agents are professionals who understand how important it is to screen potential buyers and market the home properly. They also have excellent people skills, and because they aren’t emotionally involved with the house, they can be better in negotiations too. While your actual advertising efforts are critical in the results, so too is how the home presents during viewings.

Repairs

You’ll have to factor in the cost of repairs when selling your own the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas property. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with large discounts from your asking price for doing the work themselves.

Legalities and Paperwork

Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners in the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas who decide to sell their property themselves take on a huge responsibility in making sure every contract and form submitted is correct. Failure on this front could mean a deal falls through and will cost you even more.

Holding Costs

Of course, the longer your the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas property remains for sale, the higher your costs will be, such as mortgage and utility payments. If you’ve never sold a property yourself before, it could remain on the market for some time if you’ve not marketed it well enough, leaving you with your usual monthly expenses to keep the property in saleable condition.

As well as selling your the County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees areas property yourself, there is another option. Selling directly to We Buy Homes North East is 100% successful for sellers. When you work with We Buy Homes North East to sell your home, you still get to save the estate agent commissions for yourself. We Buy Homes North East pays cash too, and we’ll complete on a date that suits you.

We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale or a direct sale to We Buy Homes North East . At We Buy Homes North East , our goal is to help you sell your property quickly, and for a good profit. Feel free to get in touch with us, with any questions you may have. Send us a message or call We Buy Homes North East on 0191 369 2088 to find out more.

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