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Estate agent fees

2 replies

Iwantalongbath · 14/02/2022 16:47

My husband and I are moving abroad in July so looking to rent out our house. We are hoping that we would break even on money and the rent and estate agent fees could pay for our mortgage for the property .
We were given a quote for a fully managed service which state "monthly Commission rate of 8.4% inc vat of monthly rent"
Does anyone know if that is a good rate?
Thank you for any help!!

OP posts:
Lonecatwithkitten · 14/02/2022 16:52

I have been quoted 10% for for full management. You will still authorise work, but they will find trades people.

Winnerwinnerveggiedinner · 14/02/2022 22:54

That’s ok. You might get 8% if you’re lucky. We have a flat on 11% and the EA have a limit of £100 for basic repairs but tell us if anything is going to be more. It’s tax deductible.

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