Estate Agents Fee's

dinofabio

Just a quick question.

I've had a couple of estate agents around. Both have quoted me fees of 1% + vat. Is that the norm?

I'm based in the midlands. House value approx 180K +

ToriF

That sounds good to me.
(I'm not in the same area) but I am also paying my agents 1% + VAT.
I had 3 agents come round for valuations and one wanted 3% and the other two wanted 1%.
So I don't think you can get much below 1%, unless you use an online agent.

Doozergirl

Yes, I'm Midlands and it's easy to get a 1% + VAT deal.

rodent

dinofabio wrote: »

Just a quick question.

I've had a couple of estate agents around. Both have quoted me fees of 1% + vat. Is that the norm?

I'm based in the midlands. House value approx 180K +

£1800 bill.

Offer them a fixed fee ..like £1000

Doozergirl

rodent wrote: »

£1800 bill.

£2160 bill.

rodent wrote: »

Offer them a fixed fee ..like £1000

Then watch them laugh at you.

bristolben

rodent wrote: »

£1800 bill.

Offer them a fixed fee ..like £1000

And listen to them say no? Why on earth would they agree to that unless they were utterly useless and desparate for business?

A fixed fee also means that there is no need for the agent to get as much as they possibly can for the property as they get paid regardless.

tobyjug

I have just had my house valued by 3 different estate agents, I am in south Worcs and they are 1.25 %, 1.5% and 2% I would have welcomed 1% ......

There's no flexibilty with the fees either.

dinofabio

tobyjug wrote: »

I have just had my house valued by 3 different estate agents, I am in south Worcs and they are 1.25 %, 1.5% and 2% I would have welcomed 1% ......

There's no flexibilty with the fees either.

Judging by the comments, it sounds like I'm getting a reasonable deal (for estate agents!).

hcb42

yep a reasonable deal, I am in East Midlands and best deal (for the agents I would choose to go with) is 1.5%.

I actually think I would go with the agent offering 1.75%, I think it can be false economy sometimes to assume the cheapest will do. I want the person who can truly sell, and will max my price for me. Sadly most agent offices are not good at this.

Doozergirl

tobyjug wrote: »

I have just had my house valued by 3 different estate agents, I am in south Worcs and they are 1.25 %, 1.5% and 2% I would have welcomed 1% ......

There's no flexibilty with the fees either.

Which bit of South Worcs? Near enough to use a Worcester agent? Who have you spoken to?

GAH

You get what you pay for at the end of the day. I would pay a higher commission to an agent if I was confident that they were going to sell my home for the best price.

If agents are willing to drop their fees to at the drop of a sixpence, then how great are they going to be at negotiating with buyers and getting you the best price for your home.