Estate Agents May Not Be Necessary For House Transactions

People browsing property for sale at the moment may not necessarily need to use an estate agent when purchasing a home, one expert on the subject has commented.

According to Vanish Patel, an experienced property investor from London, property investors need to realise that it is not essential to utilise the services of an estate agent, even though they can often offer valuable assistance.

He explained: "If you look over a period of about ten years then the truth is about 20 per cent of the deals you are going to find, maybe a bit more as different people have different strategies, will come from estate agents, but not all of them will come from estate agents."

Mr Patel added that the main thing when buying a new home is connecting with the seller to increase the chances of the sale going through and any kind of reduction the individual may be seeking.

The main disadvantage of carrying out a transaction with an estate agent is the unnecessary time delay, a lot of paper work involved and the extra estate agents fee or commission charged in the entire transaction.

The best way to maximise the chances of a property transaction being successful is to employ a range of different techniques, which may or may not include the services of an estate agent, he added.

Recent advice for property investors was issued by Peter Mindenhall, researcher at IPINGlobal.com, who said that central London would be an "easy" investment opportunity in many respects, because generally capital cities tend to outperform the rest of their respective country.

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