Flat Selling Advice

Skinto_7

Hi Folks,

I am a first time house seller and looking for a bit advice from folks with more expierance than me.

Story is i have already bought another house which we are now living in, however due to how good the deal was on the house i got, i decided to act fast to ensure i got it which meant buying before selling (Not the best idea granted however for my circumstances was worth the risk)

I am now in the process of doing up the small cosmentic repairs to my flat with a view to getting it on the market ASAP.

Can anyone advise what the maximun fee i should be looking to agree with estate agents, and am i right to try and agree this prior to even getting the agents out to value my flat?

Also anyone advise what sort of EA tricks i should look out for within the contract?

Ideally i am looking for a reasonable fee %, with a contract of maybe 10 weeks maximun, with no fee's at the end of this if my flat isnt sold and no penalty charges if i go with another agent at the end of 10 weeks, however unsure if this is reasonable or even the best way to go?

Any advice would be appreciated.

If it makes any difference my flat is in Scotland and was bought for just under £70k in 2009.

Thanks

googler

Much will depend on which city or town you're in, and what mix of EAs and Solicitor Property Centres you have near to you.

A couple of years ago, the OFT determined that average EA fees in Scotland were 1.1% or thereabouts, so you could maybe regard that as your target figure.

At a selling price of (say) £60,000, that percentage would yield a fee of £660 for the EA, and at this level you may find that they have a minimum fee in £ terms, which could be higher than this.

Skinto_7

Cheers Googler,

Flat is about 20mins from Glasgow City Centre, and i think most of the bigger EA's have local office's that would cover my area, aswell as a few smaller independants that seem to be growing in popularity.

My thoughts were about 1.5% max with the terms i said in my previous post but wasnt sure if this was realistic, especially with the relatively low value of my flat as you have pointed out.

Also have the possibility of using internet agents, but unsure whether to go down this route, and to eb honest would rather avoid paying an upfront fee, as i think this totally negates the incentive to sell my property.