If your house is on the market...............

[KazzE]

Can I be really cheeky and ask how much you are going to be paying your Estate agent

Sole agent - what % ?

Multi agent - what % ?

Anyone on with an agent and selling private?


The reason I ask is we are sole agent at 2% not happy about this would rather be paying a lot less (not cos I don't like agents, just think 2% is a bit high, works out at around £5000 = 2 or 3 flights!)

I am thinking of renegotiating with our agent and seriously thinking about going multi agency - do you think this will make a difference in the current market?

I am seriously p**d off with having no viewers and not being able to move forward

I don't want much....................

Just a cash buyer for my house this week end
OR
a fabulous job offer that will mean I can move without selling the house


Can't see any of this happening

[joelltah]

Hiya!

We paid 1.2% sole Agent SO I would seriously look at that!
Good luck though! and don't mean to be negative!

[Andrea Bridge]

Hi there, We just put our's on at £350,000, with a fee of £5,000.... and he claimed he was doind us such a favour, that he could be sacked!

Yeah, right!!!!!!!!!!!!

Good luck with everything.

Andrea x x x

[KazzE]

hmmm funny that's what our agent said

(joelltah. did not take it as neg, need all the luck we can get!)

[kelly.stobbart@sky.com]

Originally Posted by KazzE

Can I be really cheeky and ask how much you are going to be paying your Estate agent

Sole agent - what % ?

Multi agent - what % ?

Anyone on with an agent and selling private?


The reason I ask is we are sole agent at 2% not happy about this would rather be paying a lot less (not cos I don't like agents, just think 2% is a bit high, works out at around £5000 = 2 or 3 flights!)

I am thinking of renegotiating with our agent and seriously thinking about going multi agency - do you think this will make a difference in the current market?

I am seriously p**d off with having no viewers and not being able to move forward

I don't want much....................

Just a cash buyer for my house this week end
OR
a fabulous job offer that will mean I can move without selling the house


Can't see any of this happening

Hi there
We were on multi agency , that way they are competing for a sale cause you only pay the agent who sells it!! We are paying 1% +vat we got an offer this weekend from a cash buyer so they are def out there. Go multi agency you have nothing to lose.
Good luck with it all

[Ron & Chel]

Hi Kazze
Ive got two properties on with my agent at 1.25% they did want 1.8 but as i know them well i told them on there bike we did put both properties on with diffrent agents at the start who gave us 1.0% which we thought was great but like my present agent told us they wont advertize or push the properties cause at 1.0% they havent got enough money in it to really push the place with advertizing and looking back on it they were right our properties never appeared in any papers and no viewings just lots of promises but with the new agent we have had an offer on one and a few viewings on the other with regards to your agent check your agreement if they have put a multi agent fee written in will be their fee of 2% then some were in there there should be a part multi agend they should of put in a percentage poss 2.5% if they havent written anything then they have to by law multi agent for the single fee they origanaly agreed which is your 2% however i find this far too high i would tell him to get stuffed the trouble is we all know how hard the market is thats why they are charging these sort of fees cause at the moment they are struggling to make any money sorry to dribble on but i hope it has helped if you need o know anything that you think might be a bit under hand or what ever pm me and i will get the answers from my friend who is the manager of our agents cheers Ron

[IAN NINA & GEORGE]

we have our house up for £ 198.000 we have set a price of £ 1500

[julie2g1b]

hi there

we have sole agent 1.1% 12 week contract told them if heard nothing will cancel with

them and go else where not owing them anything so hope this will push them into

advertising more i know it is slow out there but they can earn there money

as had no one round yet plus only 1 phone call off them

julie

[sharleen29]

Hi KazzE, we have ours up for £249,950. We got our agent for 0.85%. Had my 1st viewer y'day, they seemed impressed but you never can tell when they're pulling your leg. Good luck with yours.

xxx

[alanblockley]

ESTATE AGENTS ARE LAZY!!!!

Ok, that point aside, I will now continue to explain my experience. We went with a company in Derby, we'll call "Agent A". They put our house on the market, valued it, came round and then put it in the paper, on the internet, etc, etc, etc. We had initial interest which then tailed off. This was about the same time as the market "crash". As the market drop quicker than a cheap whores drawers, we started to see no viewings.

After 9 months of dribs and drabs of only investers we decided to refurb the house slightly. After the refurb was done we thought it was time to have a fresh approach to our house being on the market, so we instructed "Agent H" and ditched "Agent A". note here that we have actually NOT come off the market, just changed agent. "Agent H" got us about 4 viewings within 6 or 8 weeks. And then nothing. Not a dicky bird. We then got granted our visa's, and we started to panic. What if we don't sell it in time?? This is where my mates at work came in handy. I work for property consultancy (I'm the IT Manager, so I don't deal with property, but i pickup alot from the agency side).

I decided it was time for an ultimatum on agents. I rang up Agent B and said that we are on the market, do they want to sell the house? They said "Yes". So I then did two things:

• Gave 14 days notice to Agent H to come off the market with them
• Gave Agent B a 14 day contract to find a buyer

The cost of going joint agent with these guys was £1400 for Agent H and £2000 for Agent B.

Lo and behold we have viewings!!!! Agent B brought in about 7 potential buyers within 2 days of going on the market with them. Agent H, who were asleep, seemed to have woke up and brought in 2 or 3 viewings, but only in the second week.

We had 2 good, proper offers. 1 from Agent B and 1 from Agent H. Obviously Agent H was the accepted offer as they have the lower fee. The ACTUAL offer was £1k more but that's more like £1.6k more.

I think the point I am making here (and waffling at 8am on a saturday) is that you need to tell the Agents who is boss and who holds the cards. Not them, just because they market your property, doesn't mean they can sit on it and wait for as much ££££ as possible.

So, finally, my tips for selling a house in the UK, based on my experience.

1. Go multi agent, it creates competition. Fees are slightly higher, but more work is done on your behalf.
2. Choose an agent with a very good high street presence. Passing trade means alot
3. Ensure they market your house on right move, not just their own website
4. To get your moneys worth make sure they will do attended viewings, some of them won't offer unless you ask

Well, sorry for waffling, i may have bored you all. Maybe I should post this in a blog??