Estate Agent Fees

[Mcdhotchoc]

Just at the start of a move, last did this 10 years ago.
What are Estate Agents charging these days? Am in South East. Last time i moved i used online as it was a Sellers market. Different times so think I want a traditional Estate agent

Me and a colleague were discussing this yesterday we were saying 2% of sale fees was about average but in the last Ive negotiated 1.5%

It really depends, anywhere from 0.75 to 2% is normal.
When we sold last year we went with an agent that had a 1.5% fee even though several local companies offered lower, but we knew they could get a high price than the others which they did.

Mm interesting. Good point re getting the right price.
Kinda seen a house we like, no chain there. We need about £20k to change. Might see what the agents nice house would offer.
Market is generally flat here but we will be selling house in a great catchment for one 3 miles away in poor catchment.

I paid 1% plus VAT earlier this year. I live on the SW London/Surrey border. I have a friend who is a local estate agent, and she said 1% is fair; anything above that, you could probably haggle down a little.

Be wary of paying peanuts and getting monkeys. The most important question is which agent will optimise your price and sale? There's no point paying an agent 1% to sell your property for £500K when you could have paid a better agent 2% to sell your property for £550K.

Ask your prospective agents to show their twentyEA insights data relative to the competition (see the last chapter of any episode of UK Property Market Stats Show on YT for examples of EA comparisons). If they wont show you then that's all you need to know (they can get it free for their own area).

Good luck.

1% plus vat in east Kent. Most agents quote 1.25% here but negotiated down. One agent who thinks they’re billy big bollocks quoted 1.5% but their sales rates are no better than anyone else’s.

Ask them about their progression team/support. Getting an offer is one thing, but it's harder & harder to get those offers to exchange with all the turbulence in the mortgage market. It's worth paying more for an agent that will do everything to hold a deal together in this market.

All good points. We have only ever sold in rising markets before so it's a new experience for us.
We have some decorating todo but need some guidance as to whether it's worth replacing soffits and fascias vs having them painted. Would an agent be able to give guidance on that.

0.75 to 1% is customary.
Though I think it's too high as the solicitors are regulated, bear more risk and do more work yet are paid less.