Agents fees %

[FlotSHAMnJetson]

Can I ask what % of the sale price your agents are charging please?

Thanks!

[prettygreywalls]

Sold last year and it was a pre agreed fixed fee £3000 plus vat which was around 1/2%
Sold previously and it was 1 1/4 % but that was a specialist property hence being slightly higher

[BubblesBuddy]

1%. Higher if it takes a lot of marketing.

[jgm]

1% (well slightly under as I negotiated a discount). The other agent I was considering was 0.7% but they weren’t no sale no fee, and in the small print they reserved the right to charge any expenses already accrued and also the loss of any potential revenue...

[SquidgyMcPidgy]

0.85% + vat

[theluggageslegs]

1.5% + VAT.

An absolute rip-off considering they listed on Rightmove, sent several useless agents around to host viewings (house sold on the only viewing I did myself) and then nearly ballsed up the chain through their miscommunication with the people at the top.

According to another local agent, 0.75%-1% is more usual here (SW)

[LBOCS2]

0.8%+VAT for one property, 1.5%+VAT for the other.

[DayAtTheRaces]

In the USA it is a whopping 6%!!! (However my friend is selling her house with an asking price of $950,000 and the agent is a childhood friend of her partner so she managed to get it down to 5% commission). Half goes to the vendor’s agent and half to the buyer’s agent. Many agents work for themselves but are linked to a ‘real estate’ company such as Coldwell Banker, Berkshire Hathaway.

When a house goes on the market in the US it is typical a few days before the listing goes ‘live’ on the MLS (multiple listing agency - which only real estate brokers can list the properties they are representing) to have an open day just for all the local agents to look around (often laying on coffee and cakes) and then on the Sunday(s) to have an Open Day for anyone (usually all the neighbours) to come and view the house. The vendors are told to keep away (usually to go away for the weekend!) and at no time do the agents want the vendors to meet the buyers until a sale is agreed and ‘earnest’ money put down.

The agents also like to put a ‘lock box’ on the property so during the week when the vendors are out, a code is given to other real estate agents to take their clients to view the property.....which is expected to look like a show home at all times (my poor friend is tearing her hair out trying to keep the house today with messy teenagers!).

However, it can be very quick to sell a property once the sale has been agreed, typically as little as a month or even earlier is not unusual.

[DayAtTheRaces]

Btw the house is on //www.zillow.com (the US equivalent of Rightmove); the zipcode is 07423 and is the one (at time of writing) the 3 bed/5 bathroom with a swimming pool. Very nice - commutable to NYC.

[kizkiz]

0.85% +vat

[Spicylolly]

0.75% round here (South east) but we went for a fixed fee £600 jobby 👍

[Old4new2018]

0.8% +vat on £500,000

They have been worth every penny for their work on sales progression alone! Our buyer went for fixed fee and they have had to do all of the solicitor chasing themselves (they have been having to call everyday as it nears the end.)