0.8% Fee for Local Estate Agents

Thrugelmir

980233 said:

Danger_Mouse said:

Just looking into the quote further, I noticed is 0.8% +VAT (originally thought it was included). Can anyone help me out with house much total estate fee's I would pay on a £350,000 sale if its 0.8% +VAT? 

Thanks in advance

£3360 , sure beats my £7020 handed over soon for one viewing and no photos or marketing sale.

Swings and roundabouts for the EA's. 

eddddy

980233 said:

Danger_Mouse said:

Just looking into the quote further, I noticed is 0.8% +VAT (originally thought it was included). Can anyone help me out with house much total estate fee's I would pay on a £350,000 sale if its 0.8% +VAT? 

Thanks in advance

£3360 , sure beats my £7020 handed over soon for one viewing and no photos or marketing sale.

But would you have felt better if the EA had earned their money by taking 6 months to sell the property - with 20 or 30 sets of 'viewers' trapesing around your house in the evenings and weekends?

JGB1955

I think I paid 1% + vat when selling my fathers house.  They carried out over 50 viewings, over a year, so (well and truly) earned their £3840!

980233

eddddy said:

980233 said:

Danger_Mouse said:

Just looking into the quote further, I noticed is 0.8% +VAT (originally thought it was included). Can anyone help me out with house much total estate fee's I would pay on a £350,000 sale if its 0.8% +VAT? 

Thanks in advance

£3360 , sure beats my £7020 handed over soon for one viewing and no photos or marketing sale.

But would you have felt better if the EA had earned their money by taking 6 months to sell the property - with 20 or 30 sets of 'viewers' trapesing around your house in the evenings and weekends?

Of course not but I feel robbed of hard graft they could have done for their 1%, that's why I bugged the hell out of them until exchange took place recently after they sold me the promise of both people below me in the chain happy with a wait until November due to a new build. Got hairy with expiring mortgage offers from people bottom of the chain but we got there with a longstop date to suit all............hopefully developer keeps their side of the bargain.

I feel robbed twice actually for my 1% infact as last house sold after 1 viewing which I had to do myself as agent couldn't attend and we got asking price. another payment for 1 day's work.

davilown

We paid 0.9% inc VAT in July so that’s a good price

davemorton

And to think I was upset at my charges.  Local company have 3 prices.  
£899 upfront or
£199 upfront then about £1200 after completion or
£1600 after completion. 

This includes the solicitors selling fee too. 

Again, I was upset I went for the middle option instead of the £900 up front when house sold within 3 hours. 

Flugelhorn

I think 0.8% + vat is OK, they may well be competing for business and charging a little less than the competition.

In the past I have had an easy peasy house to sell and  3 of the 4  wanted 1% + VAT, the fourth went for 1% inc  VAT  - for a house last year, probably the most proactive agent charge 0.9% + VAT to get the business