Is it really worth haggling down the EA?

bylromarha

OH was telling me he was reading an article by Phil Spencer last night. When looking at EA fees it was written

"If you pay peanuts, expect monkeys. You should pay at least 1.5% to a good agent"

Do you think this is true?

roswell

AT the end of the day there only doing what you can do yourself, there advertising to potential buyers and putting them in contact with the sellers a lot like ebay.

Look at it that way and decide what your will to pay, 1.5% of 60,000 isnt much but 1.5% of 7000 000 is much money

Doozergirl

I agree with him on houses of a certain quality. Houses that are expensive for what the are need to be marketed well by good agents where you have to pay. I imagine that Mr Spencer is mainly involved with these types of property.

To answer the question about haggling agents down, for average houses in pretty average locations then a good agent will do the job. I'm lucky that I have a great agent that will easily be knocked down to 1% on my doorstep. It doesn't affect the quailty of service at all, they just want to sell the house.