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Best Estate agent fee?

2

Comments

  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chickmug wrote: »
    But have you used them or do you know of others that have apart from the 'mentions' on this forum?

    I've used them personally three times and I know of two other frequenters of this board that have used them at least once and another poster's dad. :D

    I'm not going to recommend or criticize something I haven't used!
    Everything that is supposed to be in heaven is already here on earth.
  • chickmug
    chickmug Posts: 3,279 Forumite
    Doozergirl wrote: »
    I've used them personally three times and I know of two other frequenters of this board that have used them at least once and another poster's dad. :D

    I'm not going to recommend or criticize something I haven't used!

    So you are not an EA?
    A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chickmug wrote: »
    So you are not an EA?

    No I'm not!
    Everything that is supposed to be in heaven is already here on earth.
  • chickmug
    chickmug Posts: 3,279 Forumite
    Doozergirl wrote: »
    No I'm not!

    Just interested, especially those who have been on forum for a long time, but nothing to do with me! Same for a number of others, who seem to be very well informed, unless they are extremely well read and have taken up property as a hobby?
    A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Fees are on the way up
    http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/07/28/bcnprices128.xml
    Homeowners can expect to pay more to sell their property as estate agents admit to raising their fees amid falling property prices.Estate agents typically charge between 1pc and 1.5pc of the value of a property, but some are increasing this to 2.5pc to boost their earnings as house prices fall.

    The warning comes as figures suggest that the slump in the housing market is worsening.

    David Beakon, senior negotiator at Brighton-based estate agents Bonnets Estate agents, said he had introduced a new flat fee of 2pc on multiple agency properties and had even gone as high as 2.5pc cent in recent weeks. Multiple agency properties are those which homeowners decide to sell through more than estate agent.

    "A lot of people are getting desperate to sell and so they put their property on with a load of agents. The chances of us selling it when we are competing with five other agents are slim and in a difficult market, you don't want to spend the time on these sorts of properties if you are not going to get a good fee.

    "If people walk away because the fee is too big then that is fine with us if it is something that we do not want to deal with."
    poppy10
  • markandjayne
    markandjayne Posts: 86 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    We agreed 1% with our EA
  • jimc_2
    jimc_2 Posts: 290 Forumite
    poppy10 wrote: »
    "If people walk away because the fee is too big then that is fine with us if it is something that we do not want to deal with."

    Now that has to be the quote of the year!
  • powerful_Rogue
    powerful_Rogue Posts: 8,488 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Out of the 5 estate agents, there were only two we wanted to go with. Both had fees of 1.75%. We went and spoke with them and they both turned around and said they were "non-negotiable"

    As such we have opted to go with House Network.
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    powerful_Rogue wrote: »
    Out of the 5 estate agents, there were only two we wanted to go with. Both had fees of 1.75%. We went and spoke with them and they both turned around and said they were "non-negotiable"

    As such we have opted to go with House Network.
    Don't tell me you've given them over £400 even without a sale :eek:


    Hopefully you've plumped for no sale no fee option. Great saving of 1% there...but one is left wondering how much less the house will sell for without the marketing expertise offered by a real, live person negotiating rather than via someone who may be looking for a property in your area who stumbles across that website and views/offers without any pressure by an EA.

    I suspect they will offer significantly less far outwighing the 1% extra the EA would have charged. :(
    A great bargain for the buyer though! :)
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • powerful_Rogue
    powerful_Rogue Posts: 8,488 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Premier wrote: »
    Don't tell me you've given them over £400 even without a sale :eek:


    Hopefully you've plumped for no sale no fee option. Great saving of 1% there...but one is left wondering how much less the house will sell for without the marketing expertise offered by a real, live person negotiating rather than via someone who may be looking for a property in your area who stumbles across that website and views/offers without any pressure by an EA.

    I suspect they will offer significantly less far outwighing the 1% extra the EA would have charged. :(
    A great bargain for the buyer though! :)

    No, we paid £200 up front. The other £200 is upon completion of a sale.

    A small price to pay compared to the savings that can be made if we was to go with an estate agent.

    Dont forget that the House Network is an estate agents, just without the local offices.
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