Why the Traditional Estate Agency Model is Becoming Outdated - MissLJBeauty

Why the Traditional Estate Agency Model is Becoming Outdated

a row of new build homes

Source: Unsplash


For decades, selling your home through a real estate agent has been the easy, go-to option for sellers. You get in touch, then stick your home's photo in their front window or online portal, and cross your fingers for a sale.


However, in today’s ever-connected digital world, selling via conventional means can feel cumbersome and sluggish. When you consider that same-day deliveries are now possible, banking is all dealt with in real time and our entertainment is consumed almost entirely on-demand, is there any reason why real estate can’t be similarly quick?

Looking at the “old way” in more detail

Just because real estate agents are the default route, that doesn’t mean they are the most efficient. Sales have been known to take several months to close, even if that’s not often the fault of the agents themselves.


The issue is that most estate agents are paid on a commission basis. They don’t get paid unless your property sells. Things can get pretty intense in the event that a chain collapses or a buyer pulls out at the last minute.


Then there’s the endless paperwork, back-and-forth negotiations, and always being in limbo. It’s not always fun. Especially if you’re selling because of a breakup, financial pressure, or an inherited property you just want off your hands.

The solution is staring us in the face

model of a home

Source: Unsplash


This is the reason why cash buyer services are becoming more prominent and piquing the ears of sellers online. Companies that have the cash in the bank to buy properties outright within a matter of days are the dream ticket for any seller looking to move on fast. For instance, it’s possible to sell your house fast at We Buy Any Home or similar services, with its cash buyer portal ready to make a fair cash offer within 24 hours, and sellers receiving funds in as little as seven days. In today's technological landscape, where speed is everything, there are many reasons why a cash buyer could work for you.


Firstly, you could have a job in a new city and need to prioritise a quick move rather than finding the “perfect” buyer. You may have inherited a property and want to minimise the strain of selling it on. Remember, the IRC states you’ll often need to pay tax on the proceeds of selling an inherited property. A quick, clean sale could also be vital in the case of a breakdown in relationships between two or more residents. You may even be in a more serious spot of financial bother, so selling up and paying off the mortgage is a chance to avoid bigger issues.

Adapting to the market

Real estate agents will still have their place, particularly for those with more bespoke needs or who don't mind a more glacial timeframe. The Citizens Advice Bureau reinforces the importance of checking costs before using an estate agent. But for many, today’s fast-paced world is tailor-made for cash buyers to remove the hassle.


There’s no doubt that more sellers are wising up to the fact that speed and simplicity is just as important as price. As streaming services have replaced high-street video stores, and online banking has leapfrogged cheque books, the property world’s tectonic plates are shifting too.









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