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what's the lowest commission rate you've got from an estate agent?

(11 Posts)
Llamarama Thu 17-Sep-09 21:55:02

Had agents round to value house earlier this week. Been quoted 1.75% today for commission, could I get them down lower do you think. And if so how would you do this (not very good at haggling).

Littlefish Thu 17-Sep-09 22:05:13

We paid 0.9% about 2 months ago. They wanted 1.25%. We just asked them to lower their rate if they wanted us to put the house on with them. We knew we were in a fairly strong position as our house is in a very popular village, was very well presented, and was likely to sell relatively quickly.

However, we paid for advertising, brochure printing and HIP on top of this.

Llamarama Thu 17-Sep-09 22:07:48

0.9% - that's really interesting to know, thanks Littlefish.
Sounds like I can def get lower then!
Was that with one of the big names chain estate agents or an independent?

CantSleepWontSleep Thu 17-Sep-09 22:08:46

We got agents down from 2.5% to 1% a few years ago - two agreed to this, although only one would do this rate as joint agents. The other wanted sole agency.

Littlefish Thu 17-Sep-09 22:11:20

It was an independent, with two branches locally.

GlastonburyGoddess Thu 17-Sep-09 22:17:29

0.95% here

TheYearOfTheCat Thu 17-Sep-09 22:27:41

0.75% + vat. Was about 5 years ago though, as the property market was climbing.

Littlefish Fri 18-Sep-09 06:43:46

Ours had VAT added too.

oopsacoconut Fri 18-Sep-09 06:53:13

We had 0.6 +vat last December. Local agent but he had just opened and was offering amazing rates for the 1st 50 houses he took on.

eandh Fri 18-Sep-09 07:16:28

0.5% + VAT howver I work for a bank that had EA linked to them so was a staff deal (was back in 2001 and normal rates were 2.5%!)

preggersplayspop Fri 18-Sep-09 07:43:11

1% + VAT, again was a very competitive market at the time. I knew the flat wouldn't take long to sell (it went within a week) so the agents wouldn't have to invest too much time in marketing it.

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