What is the going rate for estate agent’s fees, please?

[TarnishedMoonstone]

What’s typical these days, please? 2 bed house in Surrey, valued at about 440k (not an unusual price for the area, for those in less costly areas!) Thanks for any insights.

Likely a percent of achieved sale price.
Around 1% here - but viewings by vendor are normal, not estate agents conducting the viewing. So maybe a higher % if they are doing viewings too.

Ours are 2% or 1,5% if sole agent.

1-2% plus VAT

We're just putting MIL's house on the market and all EAs are quoting 1% plus VAT around here.

Where’s that, please, @taxguru ? (Roughly)

Around 1% plus Vat. We live in Wiltshire/Hampshire area.

1% plus VAT and that included them doing all the viewings including weekend ones.

Our cheapest quote was 0.85%, most expensive (Foxtons) was I think 2.25%

In Surrey I think it varies between around 0.75% and 1.5% plus VAT. If you live within walking distance of the agent and are in a competitive area, 0.75. If it's a harder sell and a trek for the agents; it may be more.

We moved last month and paid 1% + VAT. We’re in the North East. Some estate agents did fixed price fees but there wasn’t much in it

1% seems pretty standard where I am in London

Thats with the agent doing the viewings and they even came and moved things around for the pictures 😁

1% which frankly is ridiculously low. When we complain about how poor the service is it’s because we pay peanuts. £10,000 to market and sell a £1m house. Everyone here wants everything at the lowest possible cost and we get what we pay for.

1% - all they do is take a few photos and show people around. They don't exactly learn the history of the house of by heart and half the time the blurb they write is copy paste

1% plus VAT. Actually horrified we are paying estate agent more than solicitor.

I don’t think that’s exactly peanuts if the house is marketable and sells easily. I’ve never found estate agents did a lot for their money in my dealings with them!

Thanks so much for the insights, everyone - very useful. More comments are welcome!

Around 1% or we've just paid £1600 with Yopa who were great 👍

1 % plus VAT

Its post offer where they do all the hard
work. All the sales
progression stuff. Ours just fell through so the poor
chsp worked really hard for six months for zero money

Agree . We’re on the market for £400k. So £4k fee

i dont know how they survive. No sale, no fee.

Sold in Surrey a couple of years ago and couldn’t get the three agents below 1.25.

EAs have to factor in the fact that many of the properties they invest time, effort & money into trying to sell never get to completion though, which means they don’t get paid a penny. Apart from online agents like Purple Bricks who charge a fee upfront whether the property sells & gets to completion or not.

Solicitors get paid for the work they have done even if the sale collapses.

I actually think 1% is very reasonable - it’s higher in some areas like central London.

They don’t because the money isn’t a lot. If it sells easily you want somebody who you pay an extra £5k but who gets you an extra £20k. In the USA and elsewhere they actually sell the property not just show people around. The other aspect is the completion and managing chains which is increasingly the most challenging part not just getting an acceptable offer. Brits buy services on price not on value and settle for less.

We paid 1.2% plus VAT in East Anglia. Sole agent. That seemed to be the going rate although Savils quoted more - think their rate was about 2% from memory.

0.7% - 1% plus VAT in the North East