Estate agents fees

[IfYoureHappyAndYouKnowIt]

Hi the agent I like wants to charge 1.25%. I'm in the south east. I know he's a good agent and I want to use him.

Do you think this is over the odds or reasonable?

Have just paid that to sell ours (actually, haven't paid it at all yet, but will be if all goes well!) Am not even thinking about it TBH, the overall costs are far too galling. Mine didn't even do the viewings, I did! But did get me 18 viewers in 3.5 weeks though .

That is a perfectly reasonable rate around here (South East.) In fact, better than some!

Right well thanks. That's sounding ok then.

I think 1% is a minimum if you're a really good haggler or the agent has a special offer.

Sometimes they then apply a minimum spend such as:

We charge 1% commission subject to a minimum fee of £2000 + vat.

So, effectively anyone selling for less than £200,000 is going to subsidise the people selling for more.

But it's always worth asking

I negotiated ours down to 1%. Just have a go. I think that is,the,minimum.

We chose three estate agents to value our house recently. Two independents and one chain from the local high street. All quoted 1% plus VAT on selling price. Try and get another quote, see if it's cheaper and then haggle with the agent you like best.