What must I look for in an Estate Agent? Do they have a website? Is it easy to navigate Are they members of a recognised professional body, i.e. National Association of Estate Agents? It should be noted that estate agents are not legally required to have any formal qualifications to be or practice as an estate agent. Are they members of the relevant Ombudsman Scheme? Do they give a professional and businesslike image? Do they have Professional Indemnity Insurance, should they make a serious error or if they are negligent? How long has the firm/company been in business? What areas or districts does the firm/company cover? Are they local or have wider or national coverage. What methods of communication do they use, i.e. telephone, e-mail, text messaging, fax, post. What are their terms of business? What do they do for
So the bad news is that your property has come down in value over the last year. Now that is bad news. So if you try to sell your home in today’s market some of the equity you have built up over the years has gone. Very bad news.