Hi all Do any of you know if there is a website I can go to to find an Estate Agent in my area that charges the lowest % when selling my home. Many thanks, Karen
Absolutely. Its a bit like rates on hotels - they post a "rack rate" but everything is negotiable. If you are selling a relative more expensive house (for your area) than average you have greater leverage because, although fees are always negotiated as a percentage of the eventual selling price, the costs incurred by the agent in selling are pretty much fixed per house sold.
Thanks both
This is my first time at selling and I have been at bit naive I currently have sole agency with the Halifax who charge 2%. My property has been valued at �139950 and I also didn't realise that you pay VAT on the 2%. I only have 2 weeks left on my contract with them so will go with another agent. I really need to get �135000 so that I can afford what I need.
Thanks again - I'll shop around
Yes, the other variable that is ALSO negotiable is the length of the contract 'lock-in' period. Agents will try and get as long as possible - but suggest you try and negotiate for 8 weeks.
Thanks Hydrogoose - I live in Erith in Kent and I can't get any lower than 1.7 or as they have said at least a fee of �2500. I am thinking of selling privately and was going to put a post on asking if anyone else had done this. I really begrudge paying that plus the 17% vat on top.