Internet 'speeding up property sales'

Posted: 15 Jun 2007 11:04:27 GMT

Many homeowners are successfully speeding up the sale of their properties by turning to the internet and other alternative methods, according to new research.

Many homeowners are successfully speeding up the sale of their properties by turning to the internet and other alternative methods, according to new research.

The traditional strategy of hiring an estate agent from the high street is still far-and-away the most popular method of selling up, with around 85 per cent of homes being sold this way.

However, a study from Alliance & Leicester suggests that selling time could be cut by up to a month if alternative strategies are employed.

Sellers who use property websites and their own DIY 'for sale' signs succeed in shifting their property in an average of two months, while estate agents are slower with an average three-month time period.

Using an estate agent to sell your home is generally viewed as part and parcel of the moving process with many homeowners continuing to use them to sell their home," commented Stephen Leonard, director of mortgages at Alliance & Leicester.

"But the research suggests that DIY methods such as using the internet to sell a home are becoming more popular."

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