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What are the various estate agents fees for selling my property?

What are the various estate agents fees for selling my property?

Asked on Nov 22 2009, Selling in London | Report content

Answers (4)

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  • Almost all Estate Agents in the Uk operate on a no sale no fee basis based on a % of the property selling price. For example, if your property sold for £200,000 a typical sole ageny fee may be 1.5% + VAT so in this example (assuming you move next year when VAT has gone back up to 17.5%) you would pay your agent £3525 inc VAT. That should be the only charges payable to the agent (check their terms of business carefully) and you don't pay their fees unless they sell it for you. Don't forget though that you will have to pay for a Home Information Pack to put your home on the market in the first place and you agent may help with this upfront.

    Answered on Nov 24 2009, Report content
  • The traditional route of paying a large cash sum to estate agents on completion, based on a percentage of the sale price, is not the only method available to you. Online estate agencies such charge a fee up front that is approximately one tenth of the High Street commissions but you get exactly the same marketing exposure (if not more) and the same service (if not better).

    Answered on Feb 9 2010, Report content
  • Fair point from emoov - there are a number of upfront charging agents whose fees will be lower than standard style agents. You might though question what incentive they have to sell your property once they have your money upfront to list it and also whether they will be motivated to get the highest selling price for you either as this will not effect their payment either. I would also question online agents being able to offer the same marketing exposure as many high street agents are on all the major property portals and by definition, also have a high street presence. I am not saying such agents are not providing a good service at low rates just that the majority of sellers still find traditional agents offer them the best way to get their home to market.

    Answered on Feb 11 2010, Report content
  • Agents fee's in London will vary from 1% plus vat to 2.5% plus vat - The average in SW19 will probably sit towards the 1.5% end. The property business is no different to any other, where typically you get what you pay for. The fee you agree is naturally a very important consideration, but what i feel is far more important is finding an agent who can achieve you the best possible results, this can far outweigh the small differences in agents fees.

    Answered on May 29 2010, Report content

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