Agents fees... £5k too much?

Rambosmum

Whether 1.2% is normal depends on where you are and the price of your house, cheaper houses often get a higher fee. But now is not the time to negotiate, that time has been and gone. Now they've found you a buyer, you are pretty much tied in to paying it, unless your buyer drops out.

For reference, in Greater Manchester, we paid 0.8% - I negotiated it down from 1% but the highest an estate agent asked for was 1.4%

tori.k

Do everyone a favour including yourself and take you house off the market before your buyers put any more time or money into this.
You knew how much this was going to cost from the out, so it sounds more like you don't really want to move.
To let your buyers start the process if your unsure is nasty at best

eddddy

You probably need to slow down a bit.

It sounds like you've signed a contract that you didn't read or understand.

You're now wanting to terminate the contract without reading and understanding the termination terms.

You might be left with an unsold house and a £5k bill.

Or, if you instruct another agent and handle things badly, you might end up with a sold house and a £10k bill.

So start by reading your contract, and asking the agent (or somebody else) to explain any terms that you don't understand.