What is a reasonable EA fee for selling a house?

ashe

We got some valuations done when we decided to sell, and the fees for the two EA's that came were roughly similar so we went with one of them - their fee is £2800 if sold within 12 weeks, otherwise £2400.

I am now not so sure if this is a good deal as the list price is £70,000 which means 3.4-4% fees, but I've seen some mention of people paying far less than this.? is this average or am I being taken for a ride?

G_M

on a sole agency basis, 1.5 - 2% is achievable.

However at the lower price-range, as here, EAs may either only offer a fixed fee (as you've found) or a higher %, since 1.5% of nothing is nothing..........

NaughtiusMaximus

We were quoted £1,800 incl VAT by 3 different estate agents for a 90k property.

pimento

Our local agent said they would charge less than 1% on our house valued at £450k. This is the south east.

GrumpyDil

I suspect it depends upon the property valuation as we've been quoted 1% on an approx 400000 property.

Although another local agent is 1000 +VAT

walwyn1978

Where do you live? Those percentages seem very high, but since my experience is limited to London and Yorkshire it's possible that things are different elsewhere

Nikkisun

We're in the South East and been quoted 1% plus vat on a property valued at £270k

DaftyDuck

I have always negotiated down to around 1.25% or less, sometimes 0.8%.

Agents are always willing to negotiate....... before you sign a contract!

kinger101

There are often local agents which will charge in the region of 1 to 1.5 % plus VAT, but that's on properties with a value of around £200K. I could see why they might not offer that rate for a £70K property.

I think you should have shopped around more or negotiated it down, but that horse has now bolted.

Riggyman

1% + VAT. Innit

Owain_Moneysaver

Do you actually need a traditional estate agent? If the property is likely to be easy to sell an online only agent to get it onto Rightmove and Zoopla might be sufficient.