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Estate Agents Fee's
Comments
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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.
In Birmingham, they all do it for 1%. We had four agents out on the last house and they all offered up 1%.
Ditto Worcestershire, my bit. Three agents, all 1%.
Avoid the big chains like Countrywide - Bairstow Eves, Dixons etc and you should find more realistic prices. With cheaper houses, they are a bit more expensive because it's harder to make a decent margin. I have floorplans, wide angle lens shots, premium listing on rightmove and decent staff. I think the quality of staff has improved over the last few years now that you actually have to work to sell houses.Everything that is supposed to be in heaven is already here on earth.
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1% is a good deal for the original poster, if they get a good service and actually get their house sold.
With Sales down for most agents now though, now is the time they should be charging a higher fee, instead too many are slashing their fees just to get properties on their books.0 -
Doozergirl wrote: ȣ2160 bill.
Sorry ...i am vat registered and claim it back...!Doozergirl wrote: »Then watch them laugh at you.
Some do ...move on, some don't.:)
If an agent sells a house at £100K for 1% comm=£1000 (+vat)
If an agent sells a house at £200K for 1% comm=£2000 (+vat)
Would someone like to justify why the commission should be doubled ?
I work on fixed fees when dealing with parasites such as Estates agents.My posts are my opinion which is neither right nor wrong.0 -
You claim back the VAT on the purchase of your own house against your company?Everything that is supposed to be in heaven is already here on earth.
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bristolben wrote: »And listen to them say no? Why on earth would they agree to that unless they were utterly useless and desparate for business?
The agent has a choice : £0 if he chooses to not take prop on OR £ fixed fee that i offer if he chooses to take it on, he has a simple business decision to make.bristolben wrote: »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.
What a very odd thing to say. When i sell a property i am the one that decides what price i will sell it for - not the agent !!
An agent does nothing more then advertise the prop for you, conduct viewings (if you choose) and pass on buyer's offer to you (then pester everyond involved and generally get in the way)- it is then the solicitor jobs to do the paperwork.My posts are my opinion which is neither right nor wrong.0 -
Doozergirl wrote: »You claim back the VAT on the purchase of your own house against your company?
Not on my own home. Normal residential property as principal residence - NO vat claimable - apologies for the confusion !
I have several business which clearly i do claim the vat back on !My posts are my opinion which is neither right nor wrong.0 -
What a very odd thing to say. When i sell a property i am the one that decides what price i will sell it for - not the agent !!
An agent does nothing more then advertise the prop for you, conduct viewings (if you choose) and pass on buyer's offer to you (then pester everyond involved and generally get in the way)- it is then the solicitor jobs to do the paperwork.
I dont think that was an odd statement at all...
Agents job is to get the best price for my property...which I consider their main role. I can put a sign in the garden and advertise it on a website myself.
It's nice when you have sold via a great agency who pitches the house well andnachieves this. Too often it is not the case.0 -
This bulletin just in from the current 'grammar' thread...
Estate Agents' Fees.0 -
The previous poster didn't say that the agent agreed the price, but that on a percentage-based fee, they get paid more the better the price they achieve for the seller, and on a fixed fee basis, it doesn't benefit them to achieve a higher price, since they get paid the same anyway
"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."0
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