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Your thoughts on 'one off fee' estate agents...

After speaking to a friend who has just sold their property with a high street agent, she tells me that she was warned against paying an upfront fee with an estate agent. Yes, part of the reason will be that the agent in question wanted the instruction, but the point was made that if you pay an upfront fee, do they then need to work hard to sell your property? Does the end fee mean the estate agent works harder for their clients?

Asked on Jul 29 2011, Selling in Penzance | Report content

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  • Interesting question - I guess it is down to the personality and honesty of the agent. We are an online estate agent that offers both an upfront and no sale fee payment option. We gain satisfaction from providing a good value for money service and as a result secure a lot of repeat business and recommendations. We work hard no matter what the end fee is.

    Answered on Jul 29 2011, Report content
  • Thank you for your input on this turtlehomes. I too think it is down to honesty and integrity. A little secret shopping on estate agents can be a good way to find out how well they market property for others. It really does seem ideal to pay an upfront small fee, as paying a commission at the end is always going to cost more. But I can see why some people have worries about whether an agent will still be motivated to sell property after receiving their fee upfront.

    Answered on Jul 29 2011, Report content
  • Having worked in the property market for the last 25 years, i have never come across an agent who charges an upfront fee, with no further fee payable on exchange of contracts, and who happens to be the market leader in their area, or anywhere close for that matter. As with all things in life, you generally get what you pay for! Show me an agent who is the cheapest and also the best in their area, and i will hang up my tape measure!

    Answered on Jul 30 2011, Report content
  • I think in a lot of cases you get what you pay for. But, if an online estate agent advertises property on all the major portals for an upfront fee, you are getting quite a lot for your money. Half the battle is getting the advertising right, and it seems a lot of high street agents get things wrong, despite wanting a percentage of sale at the end. My guess is that the market needs this competition and the small upfront fee will become very popular. I do think it is good to have the choice. Hopefully more people will review online estate agents letting us know if opting for the smaller upfront fee works just as well as other options.

    Answered on Aug 1 2011, Report content
  • If your property is easy to sell, then clearly paying someone £100-200 to put your property on RM, Zoopla, Primelocation etc. is a good idea. But if it's not easy to sell, and these days most property isn't - use an agent no-sale no-fee, and pay a percentage (1%-1.5%)

    Answered on Aug 17 2011, Report content

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