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To ask what % you paid your estate agent?

(31 Posts)
Cupofcake Mon 12-Mar-18 10:28:23

OK, I know lots of us (including me) are renting, but I've just been having a chat about estate agents' commission and how much it varies.

Someone just told me that "nobody pays more than 1% these days". I know that some EAs ask for as much as 3%.

How much did you pay when you last sold a house?

maddiemookins16mum Mon 12-Mar-18 10:29:13

1.5%

TheRebel Mon 12-Mar-18 10:31:09

I think 1% is standard but maybe it’s different in London where house prices are so much higher

The80sweregreat Mon 12-Mar-18 10:32:06

Online is cheaper i think, but not sold a house in 12 years, remember it being a lot back then though. not much help i know, but good to shop around. easier these days too with the internet.

Meandyouandyouandme Mon 12-Mar-18 10:32:44

0.5% in a very competitive market. One agent offered to do it for a fixed price of £4K. We sold the house for nearly £900k.

carryondoctor Mon 12-Mar-18 10:33:35

2% for what we just sold in Chelsea - couldn't get an agent to budge below that; it's almost like they all check each other's rates hmm! More if you want joint agency.

It's about 1.5% where my family are in the north west, I think.

Bluelady Mon 12-Mar-18 10:35:18

Just sold a house and commission was 0.75% plus VAT. It was an EA who had just set up and they worked so hard for the money. If it helps, I wouldn't want to buy from someone using an online agent, they do so much to oil the wheels after the sale is agreed.

edwinbear Mon 12-Mar-18 10:35:23

We paid 0%. Foxtons had just opened a new branch where we live and did 0% off for the first 6 months to get themselves profile grin

Costacoffeeplease Mon 12-Mar-18 10:36:36

We’ve just sold a property (not in the uk) agents here charge 5% plus vat 😮 we negotiated down to about 3.5%

HollyBayTree Mon 12-Mar-18 10:51:21

im in a contaract for 1% - one of the ones I invited to value dropped form 1.5 to 1%.

I have seen boards advertising fixed sum fees of £995 - bear in mind the average 3 bd semi where I live is around 450K so that represents a fee of approx 0.20%

Cupofcake Mon 12-Mar-18 11:22:37

Thanks everyone.

The80sweregreat Mon 12-Mar-18 11:33:08

my friend has just moved and used an online agent, she said it wasn't too bad, the solicitor she used had it all online too in a hub and both and her buyers used the same solicitor as well , which i didnt think you could do but you can if you sign a waiver or something. a few hiccups and she said it wasn't totally perfect, but okay. cheaper than using a regular agent i think. good luck , all sounds very complicated these days.

harrietm87 Mon 12-Mar-18 18:38:18

1% inc vat, in London.

OhYeahBabyD Mon 12-Mar-18 18:43:37

1.25% + Vat
1.00% + Vat
1.00% No vat

On a sliding scale depending on what they sell for.

SusannahD Mon 12-Mar-18 18:43:40

Fixed fee at £1200, bricks and mortar estate agent. Was just over 1% for us so very competitive.

EnglishRose13 Mon 12-Mar-18 18:44:21

1.5%

Justfred Mon 12-Mar-18 18:47:16

1.18%

Jessikita Mon 12-Mar-18 18:47:28

Bluelady, estate agents do very little to oil the sale afterwards, other than facilitate communication between seller and buyer (in which case they could communicate directly otherwise!) it’s the solicitor that does all the work once the process is in motion.

MaderiaCycle Mon 12-Mar-18 18:52:38

0.7% in Edinburgh is the standard it seems.

Mumathon Mon 12-Mar-18 19:02:50

Fixed rate which worked out at about 0.8%

Curtainshopping Mon 12-Mar-18 19:08:54

You should aim for 1%, which would be a good deal. We paid .75% on our last two. MSE has some good advice on negotiating estate agent fees.

ballerini Mon 12-Mar-18 19:11:14

Set fee of £1500 or "£1200 plus VAT" as they called it. There's no option not to pay the VAT so just tell me the price!

OnlyGlowingSlightly Mon 12-Mar-18 19:15:45

jessikita - our experience of an online agency was that they did less than nothing. It seems (if everyone else is teling the truth) that they didn't pass on communication from our buyers' agent, but didn't tell them they weren't going to. Our short chain - where everyone was very keen and committed - came incredibly close to falling through. It was saved by a (traditional) agent further down the chain. In desperation, he found our contact details (from when we had got estate agent quotes!) and cold called us! Very irregular, but it saved the chain.

I think it's likely that the online agent's poor management of our initial viewings (and the resulting delay to getting a sale - in a market which was falling where we were selling but rising where we were buying) probably cost us at least what we would have paid a traditional agent.

Never again.

CatsAreHarderThanKids Mon 12-Mar-18 19:23:03

0.75%, their standard is 1.25% I think, but they had sold several properties for my sister and were aware it was an estate sale after the death of my parents so gave us a reduced rate.

Bluelady Mon 12-Mar-18 19:25:10

Having bought and sold a few houses, the agent has been crucial in nursing the sale through NOT the solicitor.

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