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If you have ever used auction websites to get rid of your old clothes but what about using the web to auction your house? According to most auctioneers, and former property developers, we should all be doing it because not only does an online auction remove the pain of gazumping, it also ditches the estate agents.
There are many new dedicated property auction websites that aim to combine the benefits of auction and private sales.
The only thing agents are really useful for are their databases of potential buyers. If you list your two-bedroom flat with an estate agent, you are paying them three per cent for them to give you, say, 15 people interested in buying a two-bed flat. But by listing your home on the web, buyers will find you. Estate agents try to make you believe they are working flat out to get the buyer or the seller the best deal. But if the buyer and the seller just got together and spoke directly they would be able to come to an agreement much quicker and not end up paying thousands of pounds commission.
What is more, often sellers could make several thousand pounds more because the price has not already been fixed with the buyer.
These auction sites work by sellers paying a one-off fee plus VAT to register their property. After specifying a hidden reserve price, the seller decides on a guide price, the advert goes live and an auction date is set for several weeks ahead. During this time potential buyers can arrange with the seller any viewings or any surveys or searches they may wish to carry out. Bidders can register free and bid on the auction day. To ensure bidders are genuine, the site requires them to provide several types of ID, including a scan of their passport. Bidders are also required to agree to terms and conditions, which are legally binding, to deter from dropping out of the purchase.
After the auction ends, the process is the same as a private sale and everything is handed over to the lawyer of the buyer and seller. After the buyer has won the auction he pays one per cent of the price to the solicitor of the seller to secure the property for six weeks. During this period the buyer can then arrange additional viewings or surveys if necessary. Once the auction is closed, the price is set. There is no gazumping or gazundering. If the buyer wants to pull out, he forfeits his one per cent deposit. For the seller, if the deal falls through, although it may be disappointing, they will pocket the deposit and start again.
But there are some pitfalls to selling your home yourself, warns Peter Bolton King, chief executive of the National Association of Estate Agents. People are not necessarily good sellers. There is more to selling a house than saying here is the bathroom, here is the kitchen. There is a knack to it. The idea of the online auction all looks very very good but there are a lot of questions sellers and buyers should ask. You are taking a big risk doing it yourself.

For the first time, in over eight years, making a bank deposit is starting to become more profitable than investing money into Moscow real estate

. In the begging of 2007 investments made into Moscow’s real estate are predicted to give on average no more than 5% yearly gains. According to the real estate market investigation center “Indicators Of Real Estate Market” (IRN.ru), for the last half a year an average price of a square meter in Moscow only increased by $89 to $4120 for square meter of an apartment, in the remaining half a year this price will decrease at the rate of 0.1% a month. Specialists of prestigious real estate company Penny lane Realty also agree, that average gains from investments made into Moscow’s real estate market are leveling off. Because of it, we see increasing number of properties being offered for sale. Property owners are trying to recover the money they invested into their real state. According to market analysts, in present time we are observing reduction of investments made into real estate from 20% to 5-7%, but it does not mean, that investing into real estate became less profitable in comparison to making bank deposits. Investments made into real estate remains to be highly profitable business, but only for professionals, who knows all the unique details of real estate market. “Easy” money, made from real estate investments will no longer exist.

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Traditionally, property classifieds have appeared in local newspapers or in flyers that are meant to advertise estate agents. However, this is the old fashioned way to sell property and these days, you´ll find that you have far more success with online property classifieds.

You can even try to sell your property on your own, without the use of an estate agent. Advertising your house or flat online could be all you need to do to secure the sale at a fraction of the cost. This method would be a great idea if you are planning to move later in the year, you can post a classified ad and test the water. After getting a feel for the interest in your property you can make an educated decision on whether to bring in a estate agent or not.

The internet has made the entire world available to everyone. You can now list your property for sale in London and have someone in Columbia buy it! This opens up a world of possibilities for anyone looking to list property classifieds. Online is a better way to go because you expand your audience.

With property, it´s quite likely that you´ll have People interested from other countries. There are always those who dream of living in a foreign country, or perhaps a national who lives abroad and is thinking of coming home again. In either case, the internet allows you to reach these potential buyers through online property classifieds, drastically expanding your market and making it possible for you to get a higher price for your properties.

One of the big advantages of having your property advertised online is that you can often list for free, or a very low fee. Taking out an advertisement in the local paper will cost a pretty penny and if you want to take out a bigger ad with photos, etc. it will cost even more. Running a print property ad can be somewhat cost prohibitive, but going with online property classifieds allows you to have quite a few options, without having to pay a small fortune.

You will be able to list your property classifieds on more than one website, as well, ensuring complete exposure. Most people look online when they are interested in buying property these days, so you can easily make it work for you.

Tips and Tricks for Effective Property Classifieds

When you place a classified advert online, there are many advantages over print ads. For example, you have the search engines on your side. If someone is going to search on Google for property, they will probably have a specific area in mind. Using the words that they would search for in your ad will boost your chances of having people see the ad.

Not all services will allow the search engines to pick up the ad directly, but those that do will bring you some great traffic. Let´s say you have a property for sale in Cardiff, in this case you would want to include “Cardiff property” or something similar in your ad. This will help the search engines find your particular listing when someone searches for Cardiff properties and they will be taken to your property classified.

Using photos is a great way to boost your views. Most people interested in buying property are looking to see what it is like. Whether you have some land or a home for sale, your potential buyers will probably skip your property classifieds unless you include at least one photo. This gives people an idea of what the property looks like and will let them know almost instantly if they are interested in it.

Let people know in your advert if you are open to negotiation. This will open doors for you and make it possible to bring in more possible buyers who might be interested in negotiating. If they aren´t happy with your stated price, they´ll feel more comfortable giving a counteroffer if you mention it in the classified.

Using a good title will also draw people in. Don´t just say “Beautiful Property”. That doesn´t give them any reason to check it out. But using something more informative, like “4 Bdrm, 2 bath home in Cardiff” will catch their attention faster and bring in more viewers. One of whom might be your future buyer.

For anyone interested in selling their property, online property classifieds are an excellent way to go. You expand your market and make it possible to bring in clients from anywhere in the world. This makes it easier to get the price that you want, as well, since you´ll be able to pick and choose from potential buyers.

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