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Estate Agents fees v Solicitors fees

124

Comments

  • bukup
    bukup Posts: 235 Forumite
    Canucklehead wrote: »
    Good afternoon: We pay less in estate agent fees than we do for conveyancing...but of course we use Housenetwork (Option 1). Estate agents need be regulated and licensed as they are in Canada...will this ever happen?

    HTH

    Canucklehead
    thankyou for your comments....I'm sure many more people will market their own properties in the future,to save paying heavy commissions-whether this is effective-I have no idea,please let me know....thanks
  • dnwilliams
    dnwilliams Posts: 84 Forumite
    bukup wrote: »
    thankyou for your comments....I'm sure many more people will market their own properties in the future,to save paying heavy commissions-whether this is effective-I have no idea,please let me know....thanks

    So why don't more people sell privately?
  • bukup
    bukup Posts: 235 Forumite
    dnwilliams wrote: »
    So why don't more people sell privately?

    there are lots of reasons......

    they do not realise how easy it is....

    they may not be computer literate...

    they may not have the confidence to do it....

    I still believe estate agents fees are too high...!
  • A_Nice_Englishman
    A_Nice_Englishman Posts: 2,301 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee!
    This begs the question "why don't more people do their own conveyancing?"

    The answer is probably similar
  • bukup
    bukup Posts: 235 Forumite
    A_Nice_Englishman wrote: »
    This begs the question "why don't more people do their own conveyancing?"

    The answer is probably similar

    I challenge you to tell me what is involved...
  • guppy
    guppy Posts: 1,084 Forumite
    Part of the Furniture Combo Breaker
    bukup wrote: »
    they do not realise how easy it is....

    I'm no big fan of agents, but even I realise while any fool can put a property online, its another thing to get it sold.

    I'm not convinced its that easy.
  • bukup
    bukup Posts: 235 Forumite
    guppy wrote: »
    I'm no big fan of agent's, but even I realise any fool can put a property online, its another thing to get it sold.

    I'm not convinced its that easy.

    there is the conventional method of putting a sign up....

    apart from getting a potential buyer interested,not alot else.....!
  • A_Nice_Englishman
    A_Nice_Englishman Posts: 2,301 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee!
    bukup wrote: »
    I challenge you to tell me what is involved...

    My solicitor sent me her file after my purchase had been completed and as far as I could see it was basically a form-filling exercise. Most of the work is done by office staff rather than qualified solicitors. The reason you pay for it to be done is so you have the right to sue the solicitor if something goes wrong.
  • BrixMorta
    BrixMorta Posts: 236 Forumite
    The average EA fee is currently 1.25%. The average house price is £200,000. That’s £0 despite all the work if its unsold and just £2,500 on completion if it sells. Given the hassle, expense and aggravation, together with the likely lower sale price a private sale seems the less desirable option.
  • Canucklehead
    Canucklehead Posts: 6,254 Forumite
    bukup wrote: »
    thankyou for your comments....I'm sure many more people will market their own properties in the future,to save paying heavy commissions-whether this is effective-I have no idea,please let me know....thanks

    Hi...we've sold through Housenetwork 3 times....cost less than £500 each time which included a listing on Rightmove...highly recommended! Other MSErs have had similar success with HN.

    HTH

    Canucklehead
    Ask to see CIPHE (Chartered Institute of Plumbing & Heating Engineering)
This discussion has been closed.
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