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Estate agent fees negotiable?

Is a 1.25% fee from an estate agent reasonable or should I negotiate?

Asked on Dec 16 2013, Home Finance in Rugby | Report content

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  • Yes, it is negotiable. Even if you go to major estate agents, they can happily negotiate on a price. Normally they say 1.25% but you can also fix the price of commission depending on the price of the property. If it's more than £100,000, they will be happy to accept your offer (after little haggling) ;)

    Answered on Dec 18 2013, Report content
  • Always try to negotiate. It's worth asking a few agents around to value the property and compare their %age fees. You can then use this range to assist with your negotiations. Plus, if you go for sole agent (where only one markets your property), you are likely to have more bargaining power.

    Answered on Dec 18 2013, Report content
  • Hi, We would not be able to comment on whether the fee is reasonable or not as this would be dependent on the agent themselves and the work they put in to selling your home. For instance a pro-active agent would certainly justify a higher fee than an agent who has merely uploaded it to a website etc. It is always best to enquire with the agent over this matter as again it will be dependent on the agent themselves. We hope this helps.

    Answered on Jan 3 2014, Report content
  • EA fees are always negotiable (especially if you are selling a high value property). 1%+VAT is a good target. However, If you really want to save money you should consider using a fixed price online estate agent - more and more people are waking up to the fact that they work! James Caan (from Dragon's Den) has recently invested heavily in one such company.

    Web reference: http://www.theadvisory.co.uk/estate-agents.php

    Answered on Jan 6 2014, Report content

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