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Would anyone recommend using more than one Estate Agent to sell their home?

I can't help thinking that trying to skimp on the agent fee is false economy and that using two agents and playing them off against each other, would probably result in a sale price that yields more than a single agent at a competetive commission rate. Anyone else agree?

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

Answers (6)

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  • Tough one - it will cost you more in agent commission to use more than one, but the extra agents might know more buyers. I'd tough it out with one (carefully vetted) agent for the first twelve weeks then spread it out later. Crucial to get that first one right, though - focus on their local knowledge, success rate of selling homes like yours and buyer list. It was easy for the agent newcomers in 2007 when everything sold in days - get some experience on your side and it'll pay in thousands of £'s.

    Answered on Jun 24 2009, Report content
  • I mostly agree with the previous answer but would say that 12 weeks is too long as if you have made a bad choice you would be stuck in a declining market. Any good agent will be confident to sell within a 4-6 week period, even in this market! I would also resist going multi agent at any stage but maybe limit yourself to a Joint Sole Agency (two agents on a winner takes all basis). The reason I say this is that the common assumption is that vendors on a Multi agency are desperate to sell, this makes it even harder to get a good offer.

    Answered on Jun 25 2009, Report content
  • Hi, yes provided you can have a multi agent contract, that will allow you to have more than 1 Agent working for you, there are very good on-line and fixed fee agents who can save you money.

    Answered on Jun 26 2009, Report content
  • In todays market where the Estate Agents are scrambling for business you are in a great position. I would suggest using 2 agents and let them really work to find you the best buyer.

    Answered on Jul 22 2009, Report content
  • Hi put an ad in the paper yourself, take pictures and see what reslt you get from interested parties. Estate agents dont half charge for doing nothing. They have lots of people interested in "houses in your area", quote you a hudge price then reduce it due to the market slumps and send no one up to view. Failing that use two, they work better thinking the need to earn the money. I did it in England when I lived there. None of them sold my house. I only signed up for 12 weeks and sold it myself to some one that drove past after advertising it myself. Hope this helps and good luck. Jan.

    Answered on Jul 31 2009, Report content
  • Just to point out - "Joint Sole Agency" does not mean two agents compete on a winner takes all basis. It means the two agents will split the fee regardless of who finds the buyer. In terms of agent motivation this does nothing and really there are not many instances when this sort of agency arrangement will bring any benefit to the seller. The best option is to go "Dual Agency" (2 agents on a winner takes all basis). Any more than 2 agents and you start to look a bit desperate. However, coming to the market at the right price with two agents on the job makes you look "serious". This is how all corporate entities structure the sale of residential property. They also manage to get the fee down below 2%+VAT. Tough for the public to do the same but well worth it in terms of increasing the proactivity of the estate agents and thus your eventual sale price & speed of sale.

    Web reference:

    Answered on Apr 21 2015, Report content

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