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PROPERTY ADVICE BLOG - Estate Agents UK - What do Estate Agents do?

A reputable estate agent will sell or rent a property on your behalf, negotiating between buyers and sellers and dealing with the related paperwork and legislation. The property vendor will discuss a potential property value with the estate agent and then an advertisement will be placed displaying the agreed asking price. Potential buyers will go through the estate agent to arrange viewings and when a buyer has been found, the agent will negotiate the price, deal with solicitors and take the sale to its final conclusion.

PROPERTY ADVICE BLOG readers should take note that the property price is not set by an estate agent. Instead, an estate agent will take an estimated value based on the property market which stems from the type of prices buyers are willing to pay at any given time. Ultimately the buyers dictate the price of your property and not the estate agent.