Manchester estate agents

Steve_xx

What does it cost to sell a leasehold flat in Manchester, priced at 100k roughly, these days? I'm looking for estate agents charges for selling.

Also what would the solicitors costs be roughly?

LisaLou1982

An estate agents fee should be the same regardless of whether it is leasehold/freehold.

Call some agents up and ask for the their fees on a 100k property. Most in my area now operate on fixed fee on marketing/sale price rather than a percentage these days. I dont know what it is like in other areas.

Solciitors will charge more to sell a leasehold property than a freehold property due to the amount of work they incur. Usually it is also based on the value of the property you are selling but extra costs will incur if your management company are difficult

Again, call round some local ones and ask based on the value of your flat.

Steve_xx

LisaLou1982 wrote: »

An estate agents fee should be the same regardless of whether it is leasehold/freehold.

Call some agents up and ask for the their fees on a 100k property. Most in my area now operate on fixed fee on marketing/sale price rather than a percentage these days. I dont know what it is like in other areas.

Solciitors will charge more to sell a leasehold property than a freehold property due to the amount of work they incur. Usually it is also based on the value of the property you are selling but extra costs will incur if your management company are difficult

Again, call round some local ones and ask based on the value of your flat.

Many thanks for that information. The one I have approached seems to work on a fixed fee basis and is talking of charging £2500 on a valuation of 105K, so I guess that will end up at around 2.5%. That may be the norm overall for Manchester.

motherofstudents

Do you mean £2500 just for the EA fees ? That seems far too much. When I sold in Manchester, we were charged 1% but even below £100k with a fixed charge it would be nowhere near 2.5%

Steve_xx

motherofstudents wrote: »

Do you mean £2500 just for the EA fees ? That seems far too much. When I sold in Manchester, we were charged 1% but even below £100k with a fixed charge it would be nowhere near 2.5%

Yes, I do mean 2.5k just for the estate agents fees. I'm starting to think that this is rather on the high side.
How long ago did you sell yours in Manchester. Would you mind private messaging me with who you used?

motherofstudents

pm'd you..........

LisaLou1982

Sounds like a Countrywide Agent. Although 2.5% does seem high even for them!

Around here the corporates - Haart, Countrywide, Your Move and their subsideries charge approx 2%

That said, areas are very dependant on fees - there are some areas where 1% is more common than not

Steve_xx

LisaLou1982 wrote: »

Sounds like a Countrywide Agent. Although 2.5% does seem high even for them!

Around here the corporates - Haart, Countrywide, Your Move and their subsideries charge approx 2%

That said, areas are very dependant on fees - there are some areas where 1% is more common than not

Yes I think it does sound to high. Of course, when you add the VAT, you're looking at £3000.