Estate Agent Fees

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Whorty replied

13 February 2021, 09:23
Originally posted by Jim Spector View Post

What does the esteemed panel think about negotiating estate agent fees? Going rate these days seems to be 0.75% of sale price. Any views on negotiating this, e.g a cap or similar. Keen to hear people’s experiences or recommendations.

I've just sold my house. They wanted a % of sales price. The % for me was too high so I got them to fix the price. My argument is always that it costs virtually* the same to sell my £700k property as it does a £200k property, so why should I pay more and subsidise smaller properties.

The agent had a buyer in the wings** so didn't bother arguing with me and accepted.

* I say virtually as most of the effort for estate agents should be after the offer and chasing through to exchange and completion. Make sure you select an agent you trust to chase the sale through, and they're not just putting up some photos on Rightmove

** The buyer came to view the next day, made an offer and sold.
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BrilloPad replied

13 February 2021, 05:58
Originally posted by AtW View Post

Invoice in the post...

0.75% of sale price?
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AtW replied

12 February 2021, 23:36
Invoice in the post...
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Jim Spector replied

12 February 2021, 23:35
Originally posted by AtW View Post

Agree to whatever they are asking but then sell it half price to really fook 'em up.

If you really want to shock them - give it away for free.

Sage advice, thanks.
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AtW replied

12 February 2021, 23:30
Agree to whatever they are asking but then sell it half price to really fook 'em up.

If you really want to shock them - give it away for free.
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Jim Spector started a topic Estate Agent Fees

12 February 2021, 23:09
Estate Agent Fees

What does the esteemed panel think about negotiating estate agent fees? Going rate these days seems to be 0.75% of sale price. Any views on negotiating this, e.g a cap or similar. Keen to hear people’s experiences or recommendations.
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