Released on: October 17, 2007, 10:05 pm

Press Release Author: Nicholas Marr

Industry: Real Estate

Press Release Summary: Selling a property in the UK is becoming harder and selling
your property online could be the key. The Halifax found that prices fell by 2 per
cent in the North of England and by 3 per cent in Northern Ireland. A Sunday
Telegraph study indicates that UK estate agents have a growing list of unsold homes
and some are reducing selling prices to achieve a sale. HomesGoFast.com report that
selling online could be the key to kick start sales.


Press Release Body:


London, United Kingdom, October 15, 2007 --(PR.com)-- Recent changes in mortgage
rates, the uncertainty brought on by the Northern Rock scare and the introduction of
Home Information Packs appears to have buyers in the UK in a panic. UK home sellers
are now reducing their prices in order to sell their properties

Halifax\'s chief economist, \"I think prices will continue to slow, but we will see
that slowdown reaching the South.\"

September saw the government extend its Home Information Pack scheme to cover
three-bedroom homes in England and Wale. The Department of Communities and Local
Government said that this extension means that about 60% of the property market in
England and Wales will be covered by Hips.

The Sunday Telegraph investigation reveals that several estate agents across the UK
are now suffering the slow down with many having growing inventories. Sarah Nixon of
Hammond Harwood, a Nottingham-based agency, says none of the city\'s agents could
remember a time when so few sales were going through.

\"It\'s frightening,\" she says. \"We have properties which have been on the books for
months and months, which have suffered price reduction after price reduction but are
still not selling.\"

The Telegraph reports that some home owner's need to take thousands of their asking
prices in order for them to sell their homes. One estate agent gave a typical house
reduction example indicating that a home on sale for £290,000 would now sell at
£250,000.

Sellers are now faced with losing thousands that they thought they had with recent
valuations. Some have probably made offers on properties assuming the old valuations
were going to be achieved.

This potentially could lead to a stale mate with those sellers currently on the market.

HomesGoFast.com executive Nicholas Marr feels that if hard pressed UK home sellers
used online advertising as a cheaper alternative to sell their homes the savings
made could off set the losses being felt by sellers.

'We are not anti-agent and work with hundreds of estate agents worldwide and offer
the consumer the chance to save literally thousands of pounds selling property
online. One private seller at this time is selling a luxury home with us located in
Essex it has a guide price of £5 million this could mean £100,000 saving on 2%
estate agent fee. It makes sense that UK sellers could cushion the blow of lower
valuations by selling online.

One of the most common questions from our sellers revolves around using both methods
to sell their homes i.e. trying to sell their homes themselves and with an agent.
Homes sellers should always check what sort of agreement an estate agent is offering
before signing if they are considering selling property themselves. Most people sign
'Sole Agency' or 'Multiple Agency' agreement. Both of these allow you to sell
privately; if you do sell privately then in most cases you do not have to pay any
agency commission.'

Recently in the UK Selling property privately online caused controversy amongst
estate agents as one of the most successful supermarket chains entered the home
selling market.

US realtors have been working in competition with for sale by owner websites for
some time. In the UK estate agents appear to have a virtual online monopoly with all
the UK\'s major portals refusing to list properties sold directly by the owners.

Homesgofast.com is part of Marr International Ltd a UK based property marketing company




Web Site: http://www.homesgofast.com

Contact Details:
Homesgofast.Com
Nicholas Marr
+44 (0) 207 099 3392
nick@homesgofast.com
www.homesgofast.com