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I just paid 1%, they dropped it by a quarter because they reckoned on a quick sale (took 3 weeks all in).Most expensive quote was 1.5% and included virtual tour pics on the agents website.
Some estate agents have adopted a new model in light of the inroads the Internet is making into their business and the wasted efforts in marketing properties which are far too expensive to sell quickly.
It's an idea I had a few years ago, but never pursued because I have no estate agency background. The basic idea is that instead of a commission, you take it back to basics and sell the sellers marketing packages for their property. The best properties sell quickly, so the sellers of the best properties come to you to save money - and the buyers will come to you because you have the best properties for sale - and the sellers will almost certainly have you as sole agent so the other agents don't get a look in. You bill the seller upfront fees per week for different levels of marketing package. They can then see what they are getting. The only downside is that the sellers need to pay up front rather than out the amount on their mortgage - but it's a small downside. The worst properties will cost the sellers a lot to sell, which means they are more likely to reduce the price quicker, thus securing yet more sales.
Anyhow, one estate agency round here has gone that way and been very successful.
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