Estate Agency Fees - What are they for?

confused31_2

links are to help with the side of the argument anyone can come on here and say this estate agent charges 0.5 or 0.75 percent, they may come on here and say they advertise there house in the paper every 2 weeks, this might be at a extra charge, i dont know.

But to make a statement and then no evidence seems very pointless, if the other person just gives me the name of the estate agent ill phone them up and confirm there fees, i know they live in carlisle, i could just give all the agents a ring in that area to find out there fees.

I base my arguments on facts and i provide links to the facts, if you havent got any links or evidence your argumet seems toothless.

confused31_2

googler wrote: »

(Sigh) OK, I said I'd stop, but.....

Some agents near me charge 1.00%, others are charging 0.75%. I know this because they advertise their rates in their windows.
'

When do you see that? when your licking them???:p

LandyAndy

confused31 wrote: »

okay then what over heads do they need to pay out of the 4000 pound???

at most 500 pound for advertising, or is the one sale supposed to keep the shop running for a whole month, as well as the other estate agents wages???

Its a known fact most people looking for a house look on right move before they start looking at shop windows, they may phone the estate agent up after but the first time most house buyers first see a house is on right move.

You havent got to agree with me, but if you ask most of people who are buying on here, they will look at right move, more than any shop window.

ill do a poll shall i??

As you wish.

When we moved here from the other end of the country we looked at a map, decided where we might like to live, went there, looked around and talked to the local agents. Rightmove? Didn't give it a thought.

confused31_2

LandyAndy wrote: »

As you wish.

When we moved here from the other end of the country we looked at a map, decided where we might like to live, went there, looked around and talked to the local agents. Rightmove? Didn't give it a thought.

I have done a poll, why dont you vote on it and add your comments there, how long ago was that?

http://forums.moneysavingexpert.com/showthread.html?t=1844733&highlight=

LandyAndy

confused31 wrote: »

estate agents should not go inline with what price the houses are selling for, i work for a massive car company when they put the prices of their cars up my wages dont go up, so why should estate agents??

10 years ago a house worth 70,000 a estate agent charging 1.5% would get 1050 pound for selling the house which is not that bad, the same house now is worth 150,000 and they would get 2250 pound now tell me who? and in what history as someones wage more than doubled in 10 years??

In 10 years as the job of estate agent got harder?? if it as how?

How can a estate agent justify being paid double to what they did 10 years ago, house prices may have gone up, but im sure estate agents jobs have not become harder, so how can they justify charging large fees.

And dont give me overheads and advertising they havent doubled in 10 years.

So jack it in and open an estate agency.

It's clearly a licence to print money.

If you think a job is easy and well paid, why not do it?

Cissi

confused31 wrote: »

When do you see that? when your licking them???:p

Charming :rolleyes:

It may not have been what they advertised, but we certainly paid 1% when we sold our last house a few years ago - it's called "negotiation" another business practice that you may not be familiar with. Maybe if you tried not coming accross as so all-knowing and aggressive all the time you may find that your local EAs would be prepared to talk? I'm not sure they were all that desperate to keep you as a client, to be honest... Especially seeing that your house wasn't likely to sell, with your "fingers in the ears" attitude :rolleyes:

Maybe when you've actually succeeded in selling your house without an EA you can come back and update us? Until then I'm afraid that however much you protest it just comes accross as "sour grapes"...

Jowo_2

confused31 wrote: »

links are to help with the side of the argument anyone can come on here and say this estate agent charges 0.5 or 0.75 percent, they may come on here and say they advertise there house in the paper every 2 weeks, this might be at a extra charge, i dont know.

But to make a statement and then no evidence seems very pointless, if the other person just gives me the name of the estate agent ill phone them up and confirm there fees, i know they live in carlisle, i could just give all the agents a ring in that area to find out there fees.

I base my arguments on facts and i provide links to the facts, if you havent got any links or evidence your argumet seems toothless.

Just to double-check - you've got so much free time and so much motivation that you wish to independently verify observations made on a forum with the actual organisations involved in private commercial transactions?

Is this because it forms part of your marketing analysis for your business plan to open an estate agency?

confused31_2

Cissi wrote: »

Charming :rolleyes:

It may not have been what they advertised, but we certainly paid 1% when we sold our last house a few years ago - it's called "negotiation" another business practice that you may not be familiar with. Maybe if you tried not coming accross as so all-knowing and aggressive all the time you may find that your local EAs would be prepared to talk? I'm not sure they were all that desperate to keep you as a client, to be honest... Especially seeing that your house wasn't likely to sell, with your "fingers in the ears" attitude :rolleyes:

Maybe when you've actually succeeded in selling your house without an EA you can come back and update us? Until then I'm afraid that however much you protest it just comes accross as "sour grapes"...

I would use a estate agent to sell but it would not be a local one and it would not be one that charges over 0.75 percent, i would go the online route as i think there fees are fair, and the only reason this would be is to get right move coverage.

If i could get right move coverage without any estate agent i would but thats impossible.

confused31_2

Jowo wrote: »

Just to double-check - you've got so much free time and so much motivation that you wish to independently verify observations made on a forum with the actual organisations involved in private commercial transactions?

Is this because it forms part of your marketing analysis for your business plan to open an estate agency?

I would love to open a estate agency, but i like to do my research first people can pick figures from thin air, i need facts.

LandyAndy

confused31 wrote: »

I have done a poll, why dont you vote on it and add your comments there, how long ago was that?

http://forums.moneysavingexpert.com/showthread.html?t=1844733&highlight=

I voted:D.

It was 4 years ago.

If you are moving long distance I don't think Rightmove is too helpful because you don't 'know the area'.

If I was moving locally now I might be more inclined to use Rightmove as an initial trawl.

We found our current house because we were in touch with a local agent who said 'I've just taken instruction on this, today, and I think it may be what you are looking for'. It never got anywhere near Rightmove. You can never tell.