What is a reasonable EA fee for selling a house?

enthusiasticsaver

We were quoted 1.5% in the south west but negotiated it down to 1.25%

ashe

Thanks all, based on north east England. It's no,sale no fee so will check contract and see what leeway we have to cancel the sale as it does seem expensive and I've not been happy with how long they take to answer emails etc (2 weeks with 3 chasers sent!)

Time2go

0.8% down here witj nin fee of £1200 thats southwest

Rambosmum

We had three agents value ours - £190k listing, highest was 1.4%, lowest was 0.8%, we negotiated the middle one (1%) down to 0.8% as I liked them better.

I think your agents sound like rip off merchants!

There's two estate agents round here that have a 0.5% fee.

Muttleythefrog

Conveyancer_South_East wrote: »

The majority of estate agents round here typically charge 1% plus VAT these days. This is the South-East though so very rarely see anything under £100K. With the likes of Purple Bricks around, I would rather pay 1% and have a proper estate agent.

There is such a thing?..lol

Zizou

You can sell by tender where the buyer pays the fee and you don't!

hazyjo

Zizou wrote: »

You can sell by tender where the buyer pays the fee and you don't!

Be prepared to lose a percentage of buyers though...

I'd strike it off (unless maybe I'd been looking for a few months and there was naff all else on the market - if the fees still put it in budget).

Not popular. Works better in a demanding market - not in a slow one.

always_sunny

Zizou wrote: »

You can sell by tender where the buyer pays the fee and you don't!

As a buyer, I would price accordingly if told I need to pay the fee!

greatgimpo

If you receive a lower than asking price offer, tell your estate agent that they should swallow a little of the 'loss' and accept a lower commission price too - your contract could be rewritten.

davemorton

ashe wrote: »

Thanks all, based on north east England. It's no,sale no fee so will check contract and see what leeway we have to cancel the sale as it does seem expensive and I've not been happy with how long they take to answer emails etc (2 weeks with 3 chasers sent!)

:eek: In the North East?
I am in the North East, and just off the top of my head, there is at least one high street agent offering an all in set price of about £750.