We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Thinking of switching EA - please advise
Comments
-
jeffmasson wrote: »every ea in our area chages a set fee or a % of the price you market it @ so if you put it up for £150k and they chage 1% and you sell it for £100k you still pay £1500 plus vat on top not £1000.
plus the agents we singed up with had in there t & c that if you went multi you had to pay even more and still pay if the other agent sold it i am sure the rest are the same but i did not read anyother t & c just the ones for the agents we used...
Where on earth are you?0 -
jeffmasson wrote: »every ea in our area chages a set fee or a % of the price you market it @ so if you put it up for £150k and they chage 1% and you sell it for £100k you still pay £1500 plus vat on top not £1000.
plus the agents we singed up with had in there t & c that if you went multi you had to pay even more and still pay if the other agent sold it i am sure the rest are the same but i did not read anyother t & c just the ones for the agents we used...
I would be very interested to read the exact wording of your contract, as, I am sure would Trading Standards too!
Multi Agency and Sole Agency agreement have two very different definitions, an EA cannot just decide to change the definitions to suit themselves.
I would also be interested to know whereabouts in the country these agents are?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!0 -
west sussex0
-
jeffmasson wrote: »every ea in our area chages a set fee or a % of the price you market it @ so if you put it up for £150k and they chage 1% and you sell it for £100k you still pay £1500 plus vat on top not £1000.
plus the agents we singed up with had in there t & c that if you went multi you had to pay even more and still pay if the other agent sold it i am sure the rest are the same but i did not read anyother t & c just the ones for the agents we used...
Thats crazy! If true, I wonder how many homeowners they have signed up with high valuations, then dropped the price to sell it after a few weeks of no offers!?
You will pay more for multi-agency contracts as there is more competition for the EAs involved. If its a sole agency then that agent will earn comms on a sale whichever staff member sells the house. If its multi, any employee of any company you list with can get the sale, so, potentially, EA1 and EA2 can go without, having put in the effort whilst EA3 gets the rewards.0 -
i guess it stops you setting the price too high and waiting for that one peson to fal in love with your place if your not in a rush.0
-
I'd like to see the contract wording too.......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards