Foxtons vs Strike/online estate agents

MultiFuelBurner

99home do it yourself once you have used an online service you won't go back.

steve866

I've always paid 1% + VAT selling through credible agents in London

keithtoon

99homes, they valued house then put on the  market. We had no viewings after 3 months, reduced price by £25,000 from £625,000 Checked valuation with Zoopla etc all good. No views, used their photographer so pictures very good. But the only advice we ever got was to go to auction and put it on for £500,000.
We are no longer using 99Homes now using local Estate Agent  at 1% including VAT... they priced the house at £600,000.
That is my review hope it helps.

lika_86

Is an international buyer really going to be the one buying your home? Or is it more likely to be someone local? Personally I'd avoid Foxtons, but would look at someone one step up from Strike.

eddddy

lika_86 said:

Is an international buyer really going to be the one buying your home? Or is it more likely to be someone local? Personally I'd avoid Foxtons, but would look at someone one step up from Strike.

That's a valid comment for future readers of the thread - but the OP asked the question 5 months ago, so I guess they made their decision a while ago.

Maybe the OP will come back to say what they decided to do, and whether they got an outcome they were happy with.

Gavin83

Personally as someone who has had experience with Foxtons in the past I wouldn't go anywhere near them as a buyer or a seller.

On a purely subjective basis they've really no ability to achieve a higher price than any other estate agent. You'll likely end up with the same eventual selling price but with a higher fee to pay out. They also have a reputation of quoting a high listing price to get you in the door and then pushing you down afterwards.

My advice would be to look elsewhere.

mark_cycling00

When I sold my London apartment the most expensive agent confidently promised they'd get close to £600k. Cheaper ones said £500ish

I went with the expensive smarmy salesman

Lots of viewings then one offer. They advised that they reckoned the guy liked the flat but his gf wanted to live somewhere fancier. Sure enough they pulled out.

After a long wait there was another offer but very low. They claimed they'd done lots of research into nearby sales. The agent advised that they were v keen and had a much higher budget than their offer.

This next stage was very stressful for me and I probably would have accepted their very low offer but listened to the expensive agent who ensured me that people would pay close to £600k. Sure enough an investor came along and
offered a significantly higher price. The other guy immediately outbid the investor and it sold for £575k

Recently the apartment next door (totally similar in every way) sold with purple bricks for £460k

It doesn't end there. Mr smarmy agent charmed the agent who was selling the house I was buying. I was being pushed to increase my offer, he discovered that background to the house sale and advised me not to increase my offer. 

That saved me £25k easily.

So that's £140,000 gained for a cost of £5,750

Psychologically we fear losing money much more than missing out on a financial gain.