Selling Your House? 5 Things to Never Say to an Estate Agent

There are a few things you should never say to an estate agent when trying to sell your home. Not because they are unprofessional but for the opposite reason. They have a duty to your sale, but also to your instruction. So, you always need to be pretty careful about any comments.

Selling Your House? 5 Things to Never Say to an Estate Agent - image of man holding a model house

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Never Say You Won’t Settle

You should not settle on an offer you believe is unfair, but it isn’t wise to say you will never settle with your estate agent. This can instruct them to leave your home on the market with parameters that don’t work for you. And this can end up costing more time and money. After your house valuation, you need a price that fairly reflects your property, yet one that also helps a buyer decide. And in a buyer’s market, you may have to take a hit on some offers on your home.

Never Say You’re Not Interested in Low Offers

In a similar way to the point above, it isn’t wise to tell your agent you won’t accept low offers. It can take a while to sell your home, and the expectations of buyers and what they are willing to offer can vary based on supply and demand. What you consider a low offer after a while can, in fact, be a good one. Yet it can seem low compared to your home’s assessment from a few months before. It may come to the point where you have to accept an offer before it’s too low.

Never Say to an Estate Agent, “Don’t Show My Home.”

One of the most effective ways to sell your home is to allow potential buyers to see it. Of course, this means opening up your home to strangers. But estate agents are professionals at doing this and know what they are doing. Yet if you don’t allow them to show people around the home they are interested in buying, the average time to sell, between 4 and 6 months, will probably take much longer. The fact is that people like to see (and get a feel for) a home they are buying.

Never Say You Can Take Your Time

Supply and demand are mentioned above, and you need to understand the basics of this when it comes to home sales. The longer something is on sale, like a home, the bigger the chance of supply outstripping demand. When this happens, your home will become less valuable, and therefore, you have a lower chance of getting your asking price. If you tell an estate agent you have time, then they will place less priority on your home sale and reduce the possible value.

Never Disclose Personal Reasons for a Sale

Selling your home can be a game of give and take, and negotiation is part of that game. But if you inform your agent about personal reasons for selling the property, especially if time is a factor, they are legally obliged to disclose this if asked. But you aren’t. If a potential buyer knows you are in a desperate situation, they can use it against you to try to take advantage by offering a price well under what you are asking. And this can force you to accept an unfair property offer.


There are some things to never say to an estate agent, such as that you won’t settle. You should also never instruct them not to show your home because buyers are more likely to make an offer if they can see it. And never disclose personal reasons that can be taken advantage of.

5 Tips To Keep Your Mortgage Repayments Low

The average mortgage payment in the UK is £723 per month with an interest rate of 2.48%, according to property experts. However, repayments vary greatly depending on many factors. 

Whether you’ve got your eyes set on a property already or you are simply exploring the real estate market, one of the most important questions you need to ask yourself is: How can you make your mortgage payments more manageable? 

Some tips can help keep your mortgage costs as low as possible. 

#1. Avoid banks, go with a broker

Unlike a banker, a mortgage broker can help find the right mortgage deal for your situation. Brokers are more likely to get you a special rate from money lenders through their connections. As a unique client, you can’t negotiate a lower deal. Yet, a broker can rely on the volume of business they generate to obtain the best possible deal for you. 

Additionally, brokers are also more likely to manage your fees and application process, helping waive high costs in the process. 

#2. Consider your deposit

Typically, your down payment will range between 20% and 40% of the property value. While you can secure mortgage loans with as little as 5% deposit, you want to make sure you can save ahead for your down payment. Being able to pay upfront a high deposit has two important advantages:

Firstly, it can make your price offer more attractive to the property seller. 

Secondly, it also reduces the total mortgage amount, which means you can make monthly payments more affordable. 

#3. Improve your credit score

Your credit score affects your creditworthiness, aka the kind of loans you can apply to. You are more likely to find cheaper mortgages with a higher credit score. Boosting your credit score takes time. Check your annual credit report to review the data available about your finances. Errors can have serious consequences, so make sure credit report agencies have the right data. If you have a joint financial product with your partner, it’s worth checking that their financial history doesn’t affect your score. 

#4. Refinance your mortgage

In essence, refinancing your mortgage means you take out a new loan to replace the former mortgage. Refinancing can save you a lot of money if:

  • Your credit score has improved significantly
  • There are better mortgage deals available with lower market interest rates
  • Your home’s value has gone up, so you’re available for lower rates

You don’t have to wait for your current mortgage to come to an end, and you can search for a better deal up to 6 months before your current deal stops. Typically, mortgages provide a fixed rate deal for 2 to 5 years, after which your interest rate may increase. 

#5. Overpay your repayments

Not every lender is happy to let you pay more than agreed per month. However, if your lender is willing to let you increase your monthly payment amount, it can be worth considering repaying your mortgage sooner. It’s a great option for those who have made unexpected capital gains through inheritance or non-taxable wins. 

Keeping your mortgage fees as low as possible is no easy task. However, you have many options to ensure you get the best deal and manage your wealth in the most profitable way.