Much much to pay an estate agent?
Discussion
I want to sell up and move down to London, I had savills come over and expect to get £1 to £1.1m for my place but they are asking for 1.65% + VAT which in my view is too much.
So is it worth paying them to have this sort of name behind the markings of my property or just use a cheaper agent and offer them £2 to £4k?
So is it worth paying them to have this sort of name behind the markings of my property or just use a cheaper agent and offer them £2 to £4k?
Edited by TheBMWDriver on Sunday 24th August 23:45
Mr Daytona said:
Worst "I've got a £1 million pound house" thread ever.
Lol this. Your profile suggests you are already from London. Suck it up.....even a cheaper estate agent wanting 1% will still be after £10k. I'm pretty sure no one will take it on at £2k.
Surely stamp duty on the next property you buy will be a bigger concern.
Mr Daytona said:
Worst "I've got a £1 million pound house" thread ever.
Actually its not, I never post here, no one knows me which is why I posted the question here in the first place. I only posted the value of the property because it relevant to the question. itz_baseline said:
Lol this. Your profile suggests you are already from London.
Suck it up.....even a cheaper estate agent wanting 1% will still be after £10k. I'm pretty sure no one will take it on at £2k.
Surely stamp duty on the next property you buy will be a bigger concern.
I'm from London in that this is where I grew up and I do have a home down there. Stamp duty is a worry but the house prices are making me wonder if its worth waiting to see if the prices will come down. Its looking like I need to spend £1 to £1.2m to get a 90m2 flat in a good area. Suck it up.....even a cheaper estate agent wanting 1% will still be after £10k. I'm pretty sure no one will take it on at £2k.
Surely stamp duty on the next property you buy will be a bigger concern.
Edited by TheBMWDriver on Monday 25th August 00:03
TheBMWDriver said:
I'm from London in that this is were I grew up and I do have a home down there. Stamp duty is a worry but the house prices are making me wonder if its worth waiting to see if the prices will come down. Its looking like I need to spend £1 to £1.2m to get a 90m2 flat in a good area.
Quite a piss take when you consider my place is 6 to 7 times this size for less money
Why are you posting on a motoring forum?Quite a piss take when you consider my place is 6 to 7 times this size for less money
Edited to say. Get a grip, you seem to have a problem most people would give a limb for.
Edited by chrispmartha on Sunday 24th August 23:50
chrispmartha said:
Obviously this is the perfect place to ask a question like this :-) seriously if you really do own a &1million + property and you have to go I a motoring forum to ask advice, you've got issues.
Actually I thought this is a good place to ask, there are many people here with money and could offer me some useful advice. I have only ever sold one house in the uk for £250k and the agent only took £1k for that so its not something I am experienced in. billzeebub said:
A structured fee where the Agents effort to achieve over their valuation minimum, rather than the minimum you will accept
This was my first thought, going from 0.6% upto 1% but I dont know if any agents will accept this. To be honest people just use right move these days so I really am struggling to justify paying upto £20k to a agent. chrispmartha said:
Why are you posting on a motoring forum?
Edited to say. Get a grip, you seem to have a problem most people would give a limb for.
Really what what the **** is wrong with you? I asked for advice here because its a General discussion forum. I am a member of PH because cars are a huge part of my life and I love everything about them. I dont post much but I spend a lot of time reading the forums (especially the Porsche forums).Edited to say. Get a grip, you seem to have a problem most people would give a limb for.
Edited by chrispmartha on Sunday 24th August 23:50
yes I am lucky to have a nice place but I worked bloody hard and I am not going to throw money and thought that older wiser members could give me some advice.
You should have posted a question like this in the Homes, Gardens, and DIY section. Putting it in GG is asking for trouble...unfortunately.
http://www.pistonheads.com/gassing/forum.asp?h=...
http://www.pistonheads.com/gassing/forum.asp?h=...
DJP said:
Last time I sold a house, admittedly 10 years ago, the going rate was 1%.
Given the price rises since then, the fees should really have come down.
£1m houses are pretty much the norm in London. Do they really want £20k to sell one?
I'd have thought £5 - 10k is more like it.
I worked in the game up town W8/W11 areas from 05-09, standard comission then was 2.5% sole agency and 3.25% multi. Dont think its changed much sinceGiven the price rises since then, the fees should really have come down.
£1m houses are pretty much the norm in London. Do they really want £20k to sell one?
I'd have thought £5 - 10k is more like it.
TheBMWDriver said:
I want to sell up and move down to London, I had savills come over and expect to get £1 to £1.1m for my place but they are asking for 1.65% + VAT which in my view is too much.
So is it worth paying them to have this sort of name behind the markings of my property or just use a cheaper agent and offer them £2 to £4k?
OP, how quickly so you want to sell? If you find the fees so distasteful you can advertise the property yourself.So is it worth paying them to have this sort of name behind the markings of my property or just use a cheaper agent and offer them £2 to £4k?
Edited by TheBMWDriver on Sunday 24th August 23:45
If it is a desirable residence rather than a house worth that much because of the area then it will sell.
The last time I moved the whole estate agent experience was so bad I would never use one again.
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