Estate Agent Fees

Jumblebumble

googler wrote: »

So you agree that the fees from all the successful sales should cover all the outlays on the unsuccessful ones?

Since this is the basis on which the estate agent has agreed to do business I do agree

thelem

Thrugelmir wrote: »

There business is based on books. They'll have insured another 100 properties on similar rates. The other 100 properties covers the £99k, leaves £1k to cover overheads, taxes and profit. Called pooled risk.

A somewhat different market to the vast majority of EA's who expend money in the hope of generating commission.

It's exactly the same as an Estate Agent.


For example, it might cost an EA £1200 to market the average property and they charge £3000 no sale no fee. If they sell half of the houses they market then for every two houses they market they take £3000 for £2400 costs.

robatwork

Oh Little.....oh oh oh LittleMac....when are you coming back?

LittleMac13

To be honest I've already paid £300 odd to list my house with them, the first two weeks were great and we had tons of viewings, they advised they would call me every fortnight for a "catch up" and see what more they could do for me.

This was September, then didn't hear from them between October and January, not even for a "new year, new start on the market" kind of call.

I rang them in fact in the January asking what they were doing to sell my home, to which they said "well we can do this, this and this", and I replied, "why aren't you doing that already?".

It's not even that to be honest though, I hadn't been happy with them but if they HAD found our buyer I'd be more than happy to pay the fees. But they didn't, so yes I will continue to try and avoid these fees because they didn't find my buyer.

I have already paid them a fee, in my eyes, for them to put my house on the market and arrange viewings.

And yes, they are a sole agency.