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1% fee

Does anyone know of any agents that do a 1% fee in south east london? our best offer at the moment is with townends at 1.5%. Am reluctant to use half percent.com as theres a £199 to pay upfront! Has anyone here used townends? I've heard of them for a while now but i cant find them in any ombudsman groups?
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Comments

  • Going for the cheapest rate of commission may be a false economy if they don;'t manage to sell the property!

    It is more important to check the agents out and see whether they know what they are talking about.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • bettersoon
    bettersoon Posts: 56 Forumite
    of course i will check out the agent too and not juts go for the cheap rate!
  • tinkerbell84
    tinkerbell84 Posts: 5,323 Forumite
    My friend's flat in SE5 sold on the day it went on the market (with Bairstow Eves). They've been fab. She agreed 1.25% (plus VAT).
  • bettersoon
    bettersoon Posts: 56 Forumite
    ah when was this? we had them coming to value our house and they wanted 1.75% . eeek keep forgetting about the VAT bit .
  • tinkerbell84
    tinkerbell84 Posts: 5,323 Forumite
    bettersoon wrote: »
    ah when was this? we had them coming to value our house and they wanted 1.75% . eeek keep forgetting about the VAT bit .

    the sale hasn't completed yet, but the sale was agreed about 3 weeks ago.

    she did haggle them down.
  • bettersoon
    bettersoon Posts: 56 Forumite
    ah townends wont go lower than 1.5% said about the market being slow and will cost more to advertise. Might go with halfpercent.com
  • tinkerbell84
    tinkerbell84 Posts: 5,323 Forumite
    how will it cost more to advertise?? :confused:
  • bettersoon
    bettersoon Posts: 56 Forumite
    I know! cheeky !!!!!!s.

    Ah halfpercent looks pretty decent as i can opt out of paying money upfront and go for 0.75% ! Am very tempted in showing the property myself and get the lower rate! you reckon it'll be a good idea? i'm not a sales person so probably mess it up. plus we have tenants in....
  • tinkerbell84
    tinkerbell84 Posts: 5,323 Forumite
    I've no idea. My friend works shifts, so couldn't always be around for viewings anyway. I've never sold a house I actually lived in!
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    how will it cost more to advertise?? :confused:

    They are probably referring to the fact that as properties are taking longer to sell, they will have to spend more, per property on advertising & marketing. Likewise during the boom times, many agents cut their fees as properties were selling quickly, hence costs were less.
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