Estate Agent Fees for Selling a Small Flat

sh856531

Hi all

What listing fee do you think would be reasonable for an 80K flat in good condition.

We've been quotes ~£1250 - £1500 which is getting on for 1.8% of the property value

Seems steep to me but I'm not sure what sort of number I should be aiming for

Many thanks

S

audigex

It completely depends on the area of the country etc: 1.5-2% is fairly typical in many places. 1-1.5% typical elsewhere.

Around here it's possible to get it done for ~£900 all in, for a £95k 3 bed house, so just under 1%

BlueIsTheColour

I just paid 1% on a £119k flat sale in the Midlands.

sh856531

OK - thanks guys

S

Mickygg

It varies massively where I live between villages 3 miles away! Lower valued properties % can tend to be higher as some EAs have a minimum charge.

Remember to add on vat.

westv

Mickygg wrote: »

It varies massively where I live between villages 3 miles away! Lower valued properties % can tend to be higher as some EAs have a minimum charge.

Remember to add on vat.

EA are supposed to include VAT in any fee quote they give.

Mickygg

westv wrote: »

EA are supposed to include VAT in any fee quote they give.

Yes but it's always x% plus VAT, so merely pointing out don't forget to add it on!

ellie27

Or if you are confident that the flat will sell itself if the demand is there and it is priced correctly then you can get an online agent to get the ad on rightmove for under £400. Thats what we done. A saving of around £1200 for us.

Innys1

ellie27 wrote: »

Or if you are confident that the flat will sell itself if the demand is there and it is priced correctly then you can get an online agent to get the ad on rightmove for under £400. Thats what we done. A saving of around £1200 for us.

Exactly.

I hate agents - goddamn parasites - far cheaper to sell it yourself