Much much to pay an estate agent?

[Renovation]

gaz1234 said:

The more money people have the more tighter they get.

Or they managed to get rich by not wasting money.

My wife regularly buys from the local charity shop to the extent she's become friends with the manager, when she came to visit my wife at home, it came as a surprise that we have a large detached house set in 5 acres of landscaped grounds.

[gaz1234]

Renovation said:

Or they managed to get rich by not wasting money.

My wife regularly buys from the local charity shop to the extent she's become friends with the manager, when she came to visit my wife at home, it came as a surprise that we have a large detached house set in 5 acres of landscaped grounds.

proves my point

[Renovation]

gaz1234 said:

Renovation said:

Or they managed to get rich by not wasting money.

My wife regularly buys from the local charity shop to the extent she's become friends with the manager, when she came to visit my wife at home, it came as a surprise that we have a large detached house set in 5 acres of landscaped grounds.

proves my point

Does it really ?

How about the fact that we both earn less than the average wage.

[TheBMWDriver]

Chrisgr31 said:

The rebuild cost is of course not relevant to the value of a property. There are many reasons why properties may not be worth their rebuild cost. Its the same with improvements, very often they dont increase the value of the property by the amount they cost.

completely agree which is why my place is only worth what it is. It took me 4 years to build the place and we did it with the aim of living there not a investment (its a VERY bad investment) however after living here for the last few months I just hate being outside of a proper city.

I have lived in big cities all my life and just could not get accustomed to living in the country.

scenario8 said:

Just a little note to yourself that you have done significantly better than "ok" to have a property portfolio measured in comfortable seven figures terms (even if mildly leveraged) and a car ownership history as yours by your early 30s.

I truly hope that you didn't really need telling but so frequently Pistonheads seems to forget itself.

I'm curious about the unusual property now...

Thanks, the property is only unusual because of the size and spec for the location. Its 6400 sq ft (600m2) has 5.5m high ceiling in most rooms, 100k worth of bathrooms, 70k kitchen and everything is connected to a smart home system. I have jammed packed it with gadgets and toys.

Living room
http://i872.photobucket.com/albums/ab283/nastytoot...

Edited by TheBMWDriver on Monday 25th August 21:10

[gaz1234]

Renovation said:

Does it really ?

How about the fact that we both earn less than the average wage.

eh?
are you h22?

[gaz1234]

TheBMWDriver said:

Thanks, the property is only unusual because of the size and spec for the location. Its 6400 sq ft (600m2) has 5.5m high ceiling in most rooms, 100k worth of bathrooms, 70k kitchen and everything is connected to a smart home system. I have jammed packed it with gadgets and toys.

Living room
http://i872.photobucket.com/albums/ab283/nastytoot...

Edited by TheBMWDriver on Monday 25th August 21:10

nice tv.

[Renovation]

gaz1234 said:

eh?
are you h22?

You're now typing random letters - perhaps you were all along.

[TheBMWDriver]

gaz1234 said:

nice tv.

Thanks, I am a plasma fan boy so had to get one before they stopped making the 65".

What you can not see is that there are speakers inside the walls all around the room, they are all plastered in and painted over.
http://www.audioobsessions.com/stealth-acoustics.h...

[Sir Bagalot]

TheBMWDriver said:

Its looking like I need to spend £1 to £1.2m to get a 90m2 flat in a good area.

What you mean is that you need to spend that to get a place in a fashionable area. Plenty of flats that size available in nice areas for much less.

[Sheepshanks]

TheBMWDriver said:

I want to sell up and move down to London,

Shouldn't that be 'move up to London'?

[TheBMWDriver]

Sir Bagalot said:

What you mean is that you need to spend that to get a place in a fashionable area. Plenty of flats that size available in nice areas for much less.

This is very true, but we are young and have no kids so I would really like to try out some of the more central areas of london.

Sheepshanks said:

Shouldn't that be 'move up to London'?

We are in the midlands so its down in relation to where we are now.

[Itsallicanafford]

Sold recently in St. Albans, 0.8% + vat. Thought about selling privately but honestly it would have cost us more as they achieved a higher asking price. The skill of a good agent comes later down the line by keeping the chain in tact.

[Steve H]

Itsallicanafford said:

The skill of a good agent comes later down the line by keeping the chain in tact.

I've only sold one house through an agent but they were utterly hopeless in this regard.

[lonny]

Itsallicanafford said:

Sold recently in St. Albans, 0.8% + vat. Thought about selling privately but honestly it would have cost us more as they achieved a higher asking price. The skill of a good agent comes later down the line by keeping the chain in tact.

If you don't mind me asking, was that single or multi-agency and were they all around that rate or was it just one you could beat down to that price? I'm looking to sell in St Albans for similar price as OP very soon so very interested in this thread.

[monthefish]

Steve H said:

Itsallicanafford said:

The skill of a good agent comes later down the line by keeping the chain in tact.

I've only sold one house through an agent but they were utterly hopeless in this regard.

That's the skill of a good agent, equally, a poor agent can lose you a sale, or more accurately, can miss the chance(s) to save a sale.

[Renovation]

Arguably the best Agent in the area has just left - £585k asking price, £4k flat fee.

Approx 0.7% - they all quote a minimum of 1% on the phone

[crankedup]

Everything is negotiable, if they don't want to 'play the game' they are not the only upper end agent in town.

[OllyMo]

TheBMWDriver said:

Sir Bagalot said:

What you mean is that you need to spend that to get a place in a fashionable area. Plenty of flats that size available in nice areas for much less.

This is very true, but we are young and have no kids so I would really like to try out some of the more central areas of london.

Sheepshanks said:

Shouldn't that be 'move up to London'?

We are in the midlands so its down in relation to where we are now.

I was under the impression that historically it's always up to London, down to anywhere else. Doesn't matter which direction you are coming from. Something to do with trains. I could be talking utter rubbish though

[bigtomski]

Won't help the OP but just wanted to share.
We're thinking of putting our flat on the market.
(It's in Islington, London)
We've had three agents round and they all value it roughly around 500k.
None of them will move on their selling fee. Not a smidgen.
Two are asking 1.5% and the people in the green Mini's want 2.5%.
It seems like a heck of a lot of money they're asking!

[scenario8]

I appreciate this ship has probably sailed by now but if the seven figure property in question is the one seen photographed in the links provided and if it's in the Midlands then (accepting I have no local knowledge to draw on whatsoever) it doesn't immediately appear to be an "easy" sale.

Best of luck to the OP (and to the appointed agency/ies). If he doesn't mind I'd have some professional curiosity sated if he didn't mind keeping us updated.