Giving the estate agents more of my money?

MrsBauer

Hi,

Has anyone found that by offering the ea a higher % they will push the property more? I'm relocating and had house on Market for 5 months with only 4 viewings anyone any advice for us (first time sellers!)

Thanks

maninthestreet

The EA has failed to find a buyer for your property - I wouldn't reward them by offering to pay them more money, but others on here my have different opinions.

TrickyDicky101

From my own perspective, when I was searching for a house to buy the one and only place I looked was Rightmove. What EA a house was up with was completely irrelevant. EAs will spout on and on about their lists of people ready and willing to buy but I don't believe it. Maybe in the past this was true but I don't see it with the internet savvy generation of today.

EDIT: So your price is too high in other words rather than you not paying your EA enough.

Maseillo

I wouldn't offer them more money. They should be pushing the property as much as they can anyway. I could be wrong, as we are first time sellers too! But if I wasn't happy with how our EA was marketing the property I don't think it would even cross my mind to pay them extra!

pwuk

Whilst it's not what you will want to hear, if your house has been on the market for five months you will need to reduce your asking price. Compare other sales in your street and the locality and see what else is selling that is similar to yours.

If your relocating you will need to jump ship and make changes to your life sooner rather than later otherwise this property will remain a noose around your neck. I'm in a similar position and have decided to ask three separate agents for their honest views on what it will take to be rid of my property in six weeks tops - the advise has been fairly common and that is drop the price.

If you are direct with them and ask for a no frills direct and level response you should get it.

HTH - Good luck.

BornAtTheRightTime

Rather than pay them extra, use the money to reduce your price.

kingstreet

Combine a price reduction with an incentive - say £100 voucher for the negotiator who introduces the viewer who buys your home.

A little competition between the staff in the office always helps.

G_M

Or move to another agent.

And when the new agent tells you how many prospective buyers they have ready and waiting, say "in that case you'll only need a 4 week contract".

That puts a bit of pressure on them to sell fast!

property.advert

I'm on the build up to buying a rental place and I'll be totally honest, if it isn't on the net I'll never find it. If it has poor photos I won't be interested. If it only has 3 photos I will pass it by. I will never see it if it is only in some agent's window.

So for your few thousand pounds hard earned, I put it to you, just how much work are you prepared to do to sell your home ? If not a lot is your answer, then pay for an agent. If however you earn £25 an hour before tax (and about £12.50 at the marginal rate) and your agent fee would be £5000, then you could just about do 400 hours work to sell your home and be paid the same as you would at work. If you do less than 400 hours, or spend less than £5000, then you save money.

You could even do all the prep work and hire a negotiator if you are scared of negotiating.

womble12345

Try a different agent instead, changing agents worked for me.

prosaver

please could someone tell me how much does a estate agent get for selling a house?