Haggling estate agents' fees
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Hi
Has anyone managed to haggle down the percentage fees of estate agents. Or, managed any deals on fees such as high percentage for say 8 weeks then lower. Bonus for agent if buyer found within certain time frames?
Has anyone managed to haggle down the percentage fees of estate agents. Or, managed any deals on fees such as high percentage for say 8 weeks then lower. Bonus for agent if buyer found within certain time frames?
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Be polite. Be friendly. Be firm. And be willing to give in if you really want to go with a certain agent and they won't budge.
Best Wishes
Yes, frequently.
I have also offered bonus fees for achieving a good price (within a time limit).
And go for a minimum contract period of no more than 6 to 8 weeks.
But... just something to think about... if the EA has lots of similar properties... you're paying the EA 1% but the other vendors are paying 1.5%... the EA may push the other properties harder than yours. Who knows???
Of course you can haggle with estate agents! Everything in their contract is subject to negotiation
we did this:
1% for asking or over, down to about 0.8%.
Lets say I want to sell my house both quickly and at a premium price, of say £200K.
I could easily sell it at £190K, and 1% on that is £1.9K, so I see £188.1K ?
What does the employee see personally of that £1.9K ? on top of his basic ? £190 ?
Right.
I'd suggest this : a 2% fee, if they achieve £195K, 0.5% if they achieve less, and if they achieve over £200K 2% plus a bonus of 50% of everything over £200K to go to the sales negotiator who achieved it.
So Sell it at £202K and the agency gets £4,040, but the sales person gets an extra £1000 personally.
So I see a smidge under £197K
I'd rather pay £5K and get £9 K more than if I only paid £2K
The other thing I think is that if they can't get a sale within 8 weeks, I should be free to walk away without paying a bean.
Anyway I suggested this to my nephew and he thinks I'm deluded.