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A question about Fees for all those who are selling

I was mulling this over on the drive home from work today.

If you are selling/on market at the moment would you prefer to pay a fixed fee or a percentage of the sale price?

If you were/are paying a fixed fee would you consider paying a proportion of it upfront if the total amont was significantly cheaper than other agents who were charging percentage fees?

I know I'm probably going to get a lot of stick for asking this but it genuinely is in the interest of trying to do the right thing for people looking to sell at the moment.
My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say ;)
Ignore......check!

Comments

  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    Fixed fee if lower but would prefer to pay it at the end. More incentive for the EA to sell the property.
    And if your not happy with service you dont feel tied to the agent as you have allready paid some of the fee.
    However, we used to charge for brochures on high value properties (big glossys)
    Not many jobs where you can work as hard as an EA for a sale, etc and a lot of the time have nothing to show for it, when sales dont happen for whatever reason.
    I am finding that EA fees are rising again at the moment, as houses are taking longer to sell.
    Pawpurrs x ;)
  • Bethankim
    Bethankim Posts: 1,030 Forumite
    we have agreed a fixed fee, its a fair amount although % wise works out slightly higer than another EA i saw.

    I have gone with this agent because the EA was extremely honest about the house, is young with a young team who so far have done what they said they will and have got alot of business recently.

    At least with a fixed fee, which we negotiated a bit - i know up front what the costs are.
    BR 2nd April 2009
    Feel the fear and do it anyway!




  • Squirreler
    Squirreler Posts: 117 Forumite
    Part of the Furniture Combo Breaker
    We're selling through an agent who's charging us a percentage. I figured that this way they don't get paid unless they sell our house. If I gave someone £500 for example, they could just keep it, couldn't they?
  • Bethankim
    Bethankim Posts: 1,030 Forumite
    Oh mine wont get paid if they dont sell - we agreed a price rather than percentage
    BR 2nd April 2009
    Feel the fear and do it anyway!




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