If you’re looking for one of the best estate agents in London, then you’ve come to the right place. But we’re biased, of course.
But on a serious note, if you’re looking for the ideal London estate agent to deal with the sale of your home or to help you purchase your next property, you’ll want a simple way to sort the wheat from the chaff.
Here are a number of questions to ask estate agents when selling or viewing a property, both about the agents’ services and their listed properties.
Questions About the London Estate Agents
How much are your estate agent fees?
Most estate agents will charge a percentage fee on a property’s agreed selling price, ranging anywhere from 0.5% to 8%. However, this amount will vary greatly depending on each agent and the type of contract you have.
Here at Hugh Grover Associates we offer a free, no-obligation property appraisal. We’ll come to your property and our experienced estate agents will value your property at a time that works for you. We can then answer any questions you have about our fees in more depth.
How do you market your properties?
From displaying details in the estate agents’ window and local newspaper listings, to social media and online property sites, such as Zoopla or Rightmove, there are plenty of possibilities when it comes to marketing a property. But choosing which avenues should be used and when is a skill that comes with experience.
Hugh Grover Associates has been serving the Islington area since 1993 and in that time we’ve learnt a thing or two about marketing property here. First off, we will take professional photographs of your property, as well as create an expertly-drawn floor plan.
A property listed with us will feature on our website’s properties listing page here, will be clearly advertised at our office and marketed on the new online selling portal OnTheMarket.com. We also advertise on the Daily Mail and The Evening Standard’s Homes & Property Site, as well as on other property portal sites and within relevant London property magazines. This ensures your property gets maximum exposure to the right kind of buyer.
How do you value a property?
We recognise that pricing a property correctly can be the difference between a home taking weeks vs. years to sell. And sometimes, if a property is put on at too high a price, it may need reducing to gain traction.
The best estate agents will evaluate your home and cost it according to similar properties that have recently sold in the area. They may even ask you what you want to list it for. But remember, although you want to get the most for your money, it’s important to be realistic with pricing.
Questions About a Specific North London Property
How much are houses worth in this area?
Any good agent will know the area they are selling in like the back of their hand and therefore, will be able to list the average property prices for each type of property and why.
For example, although these prices will vary depending on the number of bedrooms, condition and exact location of the properties, in Islington average prices are as follows:
Detached - £1.7 million
Semi-detached - £1.1 million
Terraced - £1 million
Flats - £585,000
What is the cheapest price offer the seller will accept?
An estate agent often won’t get paid unless they make a sale, so it’s in their interest to make sure this happens. Asking how negotiable a price is could be in everyone’s interest.
Here at Hugh Grover we always have our customers in mind, so if asked we give an indication of the sort of price that may clinch the deal.
Have there been any previous offers made?
This question should be used to inform the previous one. If a past sale has fallen through for any reason or previous offers have been declined, this could give you an indication of the type of price the buyer may accept.
When are the sellers intending on moving out?
Whether the current owner has found a place to move into or not can dictate not only how long it may take for you to move in, but how much they are likely to sell for. If the current owners have already found a new home, it is likely they will be more open to an offer in order to free up cash and move on.
Property developers are the exception to this rule as they ensure no one lives in the property when it is being refurbished. As a result, there are no long waits for previous inhabitants to move out and the sale process is usually much swifter.
What is the area like?
Schools, the crime rate and transport links are all important factors to consider when buying a new home. If you’d like to learn more about the Islington area take a look at our blog where we frequently post local information, the latest news and general property buying and selling tips.
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What is included in the sale?
When moving home do you take items such as sheds, washing machines and refrigerators with you? Well, not all movers may agree. Make sure to find out exactly what you’re getting for your money to avoid issues further down the line.
How long has the property been on the market?
If a property has been on the market for a long time there is usually a reason why. There may be problems that other buyers noticed that you haven’t or perhaps it is overpriced. And it is often the case that the longer a property is on the market, the more likely a seller is to negotiate on price.
However, please note, Islington is a highly desirable place to buy and therefore, the property moves considerably faster than in much of the country.
Ask Hugh Grover Associates a Question
So, after reading this extensive list of questions, do you have a question for us? Then pop into our estate agents on Upper Street, call us on 02072 261010, email firstname.lastname@example.org or tweet us on @HughGroverN1. We’re always happy to answer any questions about Islington property.