Local Estate Agent vs. Online Estate Agent: What’s Best for You? on 4th Dec 2024As a small independent estate agency, E&M Property Solutions understands the complexities of the property market in our community. With the rise of technology, potential buyers and sellers often face a dilemma: should they partner with a local estate agent or go the route of an online-only estate agent? In this blog post, we’ll break down the pros and cons of each option to help you make an informed decision.Local Estate AgentsPros:1. Personalised Service: Local agents provide the personal touch. We understand the Burnley community, its quirks, its highlights and what potential buyers are really looking for in a property. With face-to-face interactions, you can build a relationship that fosters trust and transparency.2. In-Depth Market Knowledge: As a local agent we are deeply entrenched in the area’s market trends, property values, and area specifics. This intimate knowledge can help in pricing your property correctly and guiding buyers towards what they are really searching for.3. Networking Opportunities: As local estate agents, E&M Property Solutions, have established relationships with other professionals in the industry, such as mortgage brokers, surveyors, solicitors and handy men. This network can lead to smoother transactions and quicker resolutions to issues that may arise.4. Support Throughout the Process: From viewings to negotiations, a good local estate agent walks you through every step, providing guidance and support tailored to your unique situation, we do the work so that you don’t have to!Cons:1. Higher Fees: Local estate agents often charge higher commission rates compared to online alternatives. This can make selling or buying through them more expensive.2. Availability: Depending on their workload, local agents may not always be available for last-minute viewings or queries, which can be frustrating during such a critical time.Online Estate AgentsPros:1. Lower Cost: Online estate agents typically charge lower fees, which can save you a significant amount of money when selling a property.3. 24/7 Access: Online platforms can be accessed anytime, allowing you to manage your listing, schedule viewings, and communicate with potential buyers at your convenience.4. Innovative Technologies: Many online agents utilise modern technology, such as virtual tours and online communication tools, to enhance the buying and selling experience.Cons:1. Limited Personal Interaction: The absence of face-to-face meetings can lead to a less personalised experience. Communication is often more transactional, and you wont receive the same level of support as with local agents.2. Knowledge of Local Market: While online agents can market properties broadly, they may lack the understanding of local market trends that can inform pricing and strategies.3. Self-Management Required: Many online services require you to take on responsibilities that a local agent would typically handle, such as photography, scheduling viewings, giving house tours and negotiating offers. This can be a lot of responsibility and might be daunting for those unfamiliar with the process.4. Less Accountability: With online agents, it can be harder to hold someone accountable in case things don’t go as planned. You might find it challenging to get quick resolutions to issues that arise.Choosing between a local estate agent and an online-only estate agent ultimately depends on your individual needs and preferences. If you value a top notch personalised service, local knowledge, hands-on guidance, and a more stress free exchange then a local estate agent like E&M Property Solutions is the right fit for you. On the other hand, if cost is a significant factor and you prefer managing the process yourself, an online agent may suit your needs better.At E&M Property Solutions, we pride ourselves on our deep-rooted local expertise and commitment to providing exceptional service. We’re here to help you navigate your property journey with ease. Whether you choose us or an online option, make sure to weigh the pros and cons to find the perfect match for your property needs. Happy home hunting!
