Regacy

As it says.....
I'm looking for fact rather than opinion, if you've moved in the last year or so what % did the agent charge you?
all help gratefully received.
R

Tiggs

1, sole agent

Bakerman

£1500 flat fee - worked out at 0.6%

judgejules

£3500 flat fee (just under 1%) and still not sold

Thinking of changing agents and going non-sole to get it sold as I have places to go.

J

boxst

Hello

It varies wildly, they start at around 2% and you can usually bargain them down. The lowest I managed to get last year was 1.10% (not as good as some of the ones above!).

Steve.

Ringpeas

£750 fixed fee.

Huw Jorgan

Depends on the what level of service you are looking for. If the agent is going to accompany all viewings, advertise every week in a local property paper, have a good web site presence, good local knowledge and a buyer register that is activley worked then 1.5% is a reasonable amount. Why not mystery shop a couple of agents in your area before deciding on who to use. If they treat you well as a buyer, without knowing you have a house to sell, probably a good agent. We have a lot of agents locally who refuse to register buyers & tell them to call every other day to see if there are any new instructions or wait to see whats new in the weekly property paper. Can't imagine why we have a poor image as an industry. They make my life a lot easier as I can pick up on a lot of missed business and don't have to try that much harder to provide a superior level of service. Get 2-3 valuations, do the agents provide you with comparables of other recent sales or pluck a figure out of the air? Is the agent qualified? Are they part of a recognised body-NAEA, OEA or RICS? You wouldn't book a holiday without an ABTA or ATOL number but you probably haven't asked if you estate agent is qualified in any aspect of estate agency. At the end of the day you get what you pay for, I would be dubious of service levels if an agent was charging less than 1%.

gregh

just under 1% and for that they do web, mailings, and will accompany if we wish. They have got us 2-5 viewings a week, and a few offers.

regards,

greg

Jen

We paid 1.5%, for Web, Local Paper, Full Colour Cardboard details, accompanied viewings, weekly phone calls etc.

Lots of viewings and house sold in 4 days

Drunken Bungle Whore

1.25% - ads everywhere, lots of viewings and loads of offers - even over the asking price.

Check Estate Agent Ombudsman website for starters - voluntary code of conduct - could be useful.

Apparition

We are paying 1% but I have since heard of agents now setting fixed fees because of the hike in house prices.... we feel a bit miffed about what we're being charged because our house sold within a week of going on the market, easy money in this case.

Dunk

iTrader: (1)

Moved 14 months ago, put mine a stepped fee structure, something like this:

1% > £230k
0.75% < £230k

That way it incentivised them to hit the price that I wanted, rather than "advise / push " to accept the lesser offers.
Based on an offer £225k:
On a flat 1% fee - reduce their fee by £50
Stepped rate - reduce fee by £563

Makes them suffer if they over value your house

(Watch out as it'll be 1% + vat, therefore it'll cost 1.175% !)

D

Chrisgr31

You get what you pay for generally. The advice above about trying the agents as a pretend buyer is the best advice, that way you know if the agent does what they say they do.

Selling a house is a nightmare, agents can easily get many viewings if they underprice the house, but over-pricing it is just as bad as it won't go. Research the market, see all the local agents etc

Ringpeas

I think it is daylight robbery in most cases. £1K + for a naff brochure, a few phone calls, a tiny add in the press and the loan of a wooden board

ronny555

1.75% - £5500.

Thats bloody Monmouth for you.

ProperCharlie

my mum paid 1.75% on a sole agency basis. i kept telling her to tell the agent to f*ck himself. she said "he won't go lower". what, on a property that was up for just short of £1M? i bet he would have done if she had threatened to go elsewere...

i sold my last place to my sister, so didn't pay anything.

NACRO

1% based on a figure about 10K less than it actually sold for, so 2K including vat. As others have said I'd be dubious of the quality of an agent who can do it for less.