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Property/DIY

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Estate agents - fixed fee or percentage?

3 replies

ChairOfInvisibleStudies · 18/05/2022 20:17

We've had a quote from an estate agent of either a fixed fee of £2k or 0.66%, which would equate to about £2700 at the sort of offer we're looking for. I appreciate that in theory the % fee may motivate the agent to work for a higher offer, but even, say, £20k over the asking price would only equate to about £130 more for the agent, so I'm not sure how much difference it would really make. Given that it seems to be a seller's market at the moment, so hopefully the offers will be good anyway, is there any reason not to go for the fixed fee?

OP posts:
FawnDrench · 18/05/2022 20:22

Does the fixed fee include VAT?
If not, that will push it up quite a bit.

ChairOfInvisibleStudies · 18/05/2022 21:47

Yes, the 0.66% includes VAT 🙂

OP posts:
ChairOfInvisibleStudies · 18/05/2022 22:17

Tired brain - totally misread your post - both include VAT Blush

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