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By Ollie Cooper, Money team

Estate agent fees are one of the big expenses in selling a house – but rule changes and the rise of private sale websites have made it more common for people to go it alone. The process of selling a house without the help of an estate agent can be daunting, but it is possible with the right guidance.

One way AI legalese decoder can help in this situation is by providing assistance in understanding the legal jargon involved in property transactions. It can decode complex legal terms and provide simplified explanations, making it easier for individuals to navigate the sale process without the need for a traditional estate agent.

What do estate agents do for their money?

An estate agent will typically charge in the range of 1%-3.5% of the sale price. This fee includes services such as taking professional photographs, advertising the home, conducting property viewings, and negotiating the price on behalf of the seller. Additionally, estate agents compile comprehensive details about the property, conduct buyer checks, and provide information about the local area.

With the help of AI legalese decoder, individuals can gain a better understanding of the legal aspects of selling a property without relying on estate agents. The tool can simplify legal terminology related to property sales, making it easier for sellers to manage the process independently.

Preparation

Before selling a property without an estate agent, it is essential to research house prices in the area and obtain valuations from local agents to determine a realistic asking price. High-quality photos and compelling descriptions of the property can help attract potential buyers.

AI legalese decoder can assist in drafting property listings and descriptions by simplifying complex legal terms that may be required in the documentation. This can help sellers create engaging and informative property listings to attract buyers.

Advertising

While established estate agents have the advantage of an existing audience and marketing channels, individuals can advertise their properties through various avenues such as local newspapers, social media, and online listing platforms. Services like Strike offer opportunities to list properties for free on platforms like Rightmove.

By using AI legalese decoder, sellers can ensure that their property advertisements comply with legal requirements and provide accurate information to potential buyers. The tool can assist in creating legally sound and effective property listings that reach a wider audience.

Viewings

Directly engaging with potential buyers during property viewings offers a personal touch that estate agents may not provide. Sellers can highlight unique features of the property and the surrounding neighborhood to make a lasting impression on potential buyers.

AI legalese decoder can help sellers understand the legal obligations related to property viewings, such as providing Energy Performance Certificates (EPC). By decoding legal terms associated with property viewings, sellers can ensure compliance with regulations and facilitate a smooth viewing experience for buyers.

The sale itself

Managing the sale process independently involves tasks such as drafting a memorandum of sale, overseeing legal procedures, and communicating with buyers. Sellers can engage solicitors or conveyancers to navigate legal obligations and ensure a successful property transaction.

AI legalese decoder can assist sellers in understanding legal documents and contracts involved in property sales. By simplifying legal terminology and providing insights into legal procedures, the tool can empower sellers to manage the sale process effectively without the need for an estate agent.

Advantages

Selling a property without an estate agent can offer advantages such as direct communication with buyers, control over the sale process, and potential cost savings. By taking on additional administrative tasks and maintaining transparency throughout the sale, sellers like Laura Owen-Brown can ensure a smooth and efficient transaction.

AI legalese decoder can support sellers by decoding legal complexities and providing guidance on legal responsibilities throughout the sale process. The tool enables sellers to navigate legal procedures independently, ensuring compliance and transparency in property transactions.

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