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How much to pay an estate agent?

2

Comments

  • rilou81
    rilou81 Posts: 229 Forumite
    PJD wrote: »
    Is it really £3,500 more work to sell a 4 bed house over a 1 bed house?????

    It does'nt go on how much work it is, it goes on the price of your house. Fair? Not really but its just the way it is.

    Ive learnt the hard way that the cheapest % fee is not best. You really should not focus on that and focus on the best EA for you then work on getting their % fee down. You may be lucky and just sell you house anyway despite having a good EA or you may learn the hard way like me that cheapest is not always best. Good luck :)
  • Eton_Rifle
    Eton_Rifle Posts: 372 Forumite
    1% sounds like a reasonable rate. I remember paying 1.25% to sell a house of about that value.

    Just for interest, it's 10% in my area of the USA!
  • pinkshoes
    pinkshoes Posts: 20,675 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    1% seems good! In Oxford, all the EAs seem to want 2%!!!

    Is there any database online telling you what % buyers have paid/negotiated with each EA in various towns/cities?

    You could always sell with isold (Tesco!), who charge a flat rate of £1499!
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    pinkshoes wrote: »
    Is there any database online telling you what % buyers have paid/negotiated with each EA in various towns/cities?

    You could always sell with isold (Tesco!), who charge a flat rate of £1499!

    ... but are only in Bristol?

    The OFT did a study which determined the average EA rates in E&W and Scotland, there might be a regional breakdown therein.
  • GuidoT
    GuidoT Posts: 198 Forumite
    1% is a good deal, I would not want to pay much more than this.
  • hcb42
    hcb42 Posts: 5,962 Forumite
    I take the opposite approach with EAs...probably borne out of one of the best agents I ever worked with where the fee went up as the price did (Offers Over ,in Scotland).

    House sold within a day, granted there was a panicky few hours while he deadlined them to 5pm offers, but it upped my final price even more. I spent a fair bit on champagne that night :)

    I always speak to agents about their sales ability and am happy to offer an increasing fee for a better price....win win.

    £2K for a £600K house, no chance, no agent will get out of bed to sell that.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 4 March 2011 at 10:31PM
    Eton_Rifle wrote: »
    Just for interest, it's 10% in my area of the USA!

    I got the impression the general average was 5-6% - where are you - Manhattan?
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    helencbradshaw wrote: »
    I take the opposite approach with EAs...probably borne out of one of the best agents I ever worked with where the fee went up as the price did (Offers Over ,in Scotland).

    I always speak to agents about their sales ability and am happy to offer an increasing fee for a better price....win win.

    Which region of Scotland was this in?
  • hcb42
    hcb42 Posts: 5,962 Forumite
    I was in Ayrshire
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    So, can I presume a local independent, perhaps not in the local SPC?
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