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  • FIRST POST
    • s_glover
    • By s_glover 14th Mar 18, 9:51 AM
    • 376Posts
    • 1,267Thanks
    s_glover
    Estate Agent Fees - Negotiable?
    • #1
    • 14th Mar 18, 9:51 AM
    Estate Agent Fees - Negotiable? 14th Mar 18 at 9:51 AM
    We are looking to put our house on the market in the next month and will shortly be inviting several EAs to give a valuation.


    After quite a bit of research we have a long list of questions to ask each one to help us decide which to go for.


    I've seen advice in several pleace to aim for 1% + VAT fee. Most of the local (West Yorkshire) traditional EAs seem to be charging quite a bit more than this. Obviously we will try and negotiate the fees but realistically how likely are the EAs to budge on their fees?
Page 1
    • DaftyDuck
    • By DaftyDuck 14th Mar 18, 10:08 AM
    • 4,161 Posts
    • 8,666 Thanks
    DaftyDuck
    • #2
    • 14th Mar 18, 10:08 AM
    • #2
    • 14th Mar 18, 10:08 AM
    Will depend how much they want your business, the comoetition, how pleasant you are, how busy they are.

    In many sales, I have always negotiated, and always got agents to go down.

    Edit... Errr down on their initial fee...
    • Davesnave
    • By Davesnave 14th Mar 18, 10:14 AM
    • 25,060 Posts
    • 92,623 Thanks
    Davesnave
    • #3
    • 14th Mar 18, 10:14 AM
    • #3
    • 14th Mar 18, 10:14 AM
    On the second to last property we sold, the agent we really wanted insisted on 1.25%, while their main rival on the other side of the town square was prepared to go to 1%.

    Negotiations stalled, so we sighed and said, "Oh well, Joe Bloggs it is then..."

    Half way across the square, the phone rang and a voice said, "OK, 1%."
    'It's a terrible thing to wait until you're ready…..Generally speaking, now is as good a time as any.' Hugh Lawrie.
    • Surrey_EA
    • By Surrey_EA 14th Mar 18, 10:17 AM
    • 1,503 Posts
    • 1,930 Thanks
    Surrey_EA
    • #4
    • 14th Mar 18, 10:17 AM
    • #4
    • 14th Mar 18, 10:17 AM
    realistically how likely are the EAs to budge on their fees?
    Originally posted by s_glover
    Very rare for an EA not to negotiate a bit.

    How much depends on the type of property you're selling, it's value, how much in demand the property is, etc, etc.
    • PokerPlayer111
    • By PokerPlayer111 14th Mar 18, 10:19 AM
    • 248 Posts
    • 85 Thanks
    PokerPlayer111
    • #5
    • 14th Mar 18, 10:19 AM
    • #5
    • 14th Mar 18, 10:19 AM
    Doorsteps = £99 fees total for basic selling package, just saying.
    • squirrel99
    • By squirrel99 14th Mar 18, 12:10 PM
    • 35 Posts
    • 21 Thanks
    squirrel99
    • #6
    • 14th Mar 18, 12:10 PM
    • #6
    • 14th Mar 18, 12:10 PM
    definitely negotiable, my EA went down from 1% to 0.75% just because I asked.
    • Rambosmum
    • By Rambosmum 14th Mar 18, 12:25 PM
    • 1,679 Posts
    • 2,204 Thanks
    Rambosmum
    • #7
    • 14th Mar 18, 12:25 PM
    • #7
    • 14th Mar 18, 12:25 PM
    We got ours from 1% to 0.8%. You can only ask. I asked at the point of valuation.
    • hjghg5
    • By hjghg5 14th Mar 18, 12:41 PM
    • 19 Posts
    • 14 Thanks
    hjghg5
    • #8
    • 14th Mar 18, 12:41 PM
    • #8
    • 14th Mar 18, 12:41 PM
    Yes - we just negotiated ours down. Helped that she let on how desperate she was for the house!
    • G_M
    • By G_M 14th Mar 18, 1:01 PM
    • 44,114 Posts
    • 52,303 Thanks
    G_M
    • #9
    • 14th Mar 18, 1:01 PM
    • #9
    • 14th Mar 18, 1:01 PM
    Don't just negotiate the fee.

    Negotiate tthe minimum contract period too. 6/8/10 weeks max.

    If they are no good you need to be able to switch.

    But also bear in mind it can be worth paying a bit more to avoid a rubbish agent, so check what they are like and what they will do.
    • DaftyDuck
    • By DaftyDuck 14th Mar 18, 1:08 PM
    • 4,161 Posts
    • 8,666 Thanks
    DaftyDuck
    ..... and negotiate what you are getting (press adverts, quality of details, photographs) BEFORE you negotiate on fee!
    • AnotherJoe
    • By AnotherJoe 14th Mar 18, 1:22 PM
    • 9,436 Posts
    • 10,442 Thanks
    AnotherJoe
    My last sale, the agent was absolutely certain he'd get more than £250k I was sure we wouldnt since this was in the days when stamp duty jumped when above £250 and no one would pay more than that until you got to about £265-70, since even £1 more added about £10k or something like that.

    He said he wouldn't negotiate down from 1.25% as "it was worth it" so i said if he was so confident, why not 1% if the price was £250k or less since he was so sure he'd get more.

    House went for exactly £250k.
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