current estate agent commission rates? London

paw-of-iron

Hi people

Thinking of going on the market and just wondering what rates agents are asking for - esp East London area. Still mainly % based or more fixed rate - and if so what - would like to be prepared to negotiate.

Very grateful for info.

MrsAmanda_2

I'm SW London, but would expect it to be similar elsewhere. I had a conversation with kfh last week; they said they charge a flat fee of £4,000 (but would prepared to drop it to £3,500). On my cheap little flat, that makes it over 2%. Another agent, offered me 1.5%.

My stepbrother (N London) says he always negotiates them to 1%. If they don't agree, he won't use them. Someone always agree to it.

evoke

1.5% sole agency. 1.75% to 2.25% multiple agencies.

angel1976

We sold through KFH - negotiated 1.25% up to a certain amount sale, sales over that would be 1.5%.

FJ Lord was very inflexible - it was 1.75% (I think).

At least 2% for multiple agencies.

1-1.5% for the 'local' agents.

Hope that helps!

hazyjo

Selling in Highams Park, E4 with 1% commission.

Was on with another EA before current one, and that was also 1%. Negotiated with both (I seem to remember! While back now as the deal's taking forever to go through...).

Wouldn't touch fixed price commission with a bargepole. Definitely at least try negotiating percentage. Also don't sign up for more than say 10 weeks (unless you know the area's pretty fast moving), and read the smallprint - some are charging fees to come out of the contract (if they don't get you a buyer, or if you want to change EAs after the contract expires).

Jx

bdl1brick

I got a couple of valuations in W4 a couple of weeks ago and one quoted 1.5% single or 3% multi and the other 2% single or 2.5% multi. They could probably be negotiated if you put on the market though.

paw-of-iron

Thanks to all so far. Any more info also gratefully received - would be great to be able to sound authoritative in negotiating

sooz

Have you tried speaking to the EA you bought the property through? I got it down to .8% in west London.

paw-of-iron

Sooz - I may ask them to value, but given the whole buying experience, I would rather saw myself in half with a rusty spoon than use them Their complete ineptitude actually cost the vendors - supposedly their clients - £several thousand - they really should make sure that all their boys can read before employing them.

king100

In South London, as of today and yesterday.

1.25% lowest so far upto to 2%.