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Estate Agent advice.

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Casual Flag Orpington 28 Feb 18 6.38pm Send a Private Message to Casual Add Casual as a friend

Originally posted by pompeyeagle

We are putting our house on the market and I would be interested to know how much commission other people have paid when selling their house. We had our first one round today and after waffling for 45 minutes he refused to give us an actual figure because we told him we have two more estate agents coming round tomorrow and he wants to see what they charge first but I’m wondering what we do if they won’t give us a figure either. I’m guessing 1% is about the going rate but would we be able to get it lower than that? Any advice would be welcome. We’re not interested in going with an online agent by the way.

You need to tell the first estate agent to ‘go f**k himself’ , then tell any other estate agent that’s due to come round that they will be telling you their best fee, or they won’t be getting through the door and will be told to ‘get f**ked’ aswell.

Or just say the other ones offered a flat fee of £500 , that will liven them up.

Edited by Casual (28 Feb 2018 6.41pm)

 

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ZIGnZAG Flag Stoke 28 Feb 18 10.52pm

Depends what you want?
We sold a few years back, I foolishly asked the estate agents who they really work for, buyer or seller? It should be the seller, as that's who's employing them. But possibly buying through them, would they also help us get a good deal, buying ourselves? Turns out... they work for themselves.
They advertised our property, I did all the viewings.
They pretty much cut the deal, knowing exactly what everyone wanted.
They hold all the cards and play a dam good game.
If your sure your going to use one, just make them earn there share, whatever that may be.
If you want/need a tour guide for your property, get an estate agent.
If you just need it advertised, go online.(saving a few pennies!) Do the viewings yourself. Its not all that bad, and no-one knows your house more than you do.
You want to sell, someone will want to buy. There isn't really any need for a middle man.

I think we payed about 1%, which would have been a lot more than doing it online.

 

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ZIGnZAG Flag Stoke 28 Feb 18 10.53pm

Or......

Do what casual says....

 

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cardiff eagle Flag 28 Feb 18 11.09pm Send a Private Message to cardiff eagle Add cardiff eagle as a friend

Main advice-don’t trust them.

Second advice, don’t sign a contract that ties you in for months and months so you can’t get rid of them if they’re s***.

Ask around for recommendations as often, the ones you’ve heard of through advertising won’t be the best and will be more expensive.

 

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paperhat Flag croydon 01 Mar 18 1.00pm Send a Private Message to paperhat Add paperhat as a friend

why do you need one of these parasites anyway? what exactly do they do that adds value to your property? and for 1.5% of the price of the building? jesus, just do it yourself.

 


Clinton is Clinton. I have known him for a long time, I know his mother... Simon Jordan


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Forest Hillbilly Flag in a hidey-hole 01 Mar 18 3.04pm Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

Estate agents deal in bulk deliveries of bovine excrement.

Everyone has to do a job.

Just believe your own feelings and gut instinct.

 


I disengage, I turn the page.

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kev64 Flag Cambs 01 Mar 18 6.08pm Send a Private Message to kev64 Add kev64 as a friend

I sold mine through purple bricks , great service in my area. If you have a good property that you know will sell go with these.

All you need is it to be marketed on Right Move. Don’t get conned by estate agent bs , it’s like shooting fish in a barrel selling descent property.

 

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Casual Flag Orpington 01 Mar 18 6.49pm Send a Private Message to Casual Add Casual as a friend

Originally posted by kev64

I sold mine through purple bricks , great service in my area. If you have a good property that you know will sell go with these.

All you need is it to be marketed on Right Move. Don’t get conned by estate agent bs , it’s like shooting fish in a barrel selling descent property.

Agree. Zoopla, right move and zoopla have taken most of the marketing skills out of the game. Sales wise, not many people could be talked into a house they don’t want to buy. Anyone looking for a property will be on Rightmove most nights, 1-1.5 % is a lot if you have a cheap property, as you are probably skint , if you’re selling an expensive place (I’m assuming there’s a couple in Pompey ) it’s obviously a lot of money.

 

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PalazioVecchio Flag south pole 01 Mar 18 7.06pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

whoever you choose should have a presence on Zoopla and Rightmove websites.

crappy estate agents will have only one or the other.

i would avoid estate agents with a fancy office, fancy vehicles, supermodel staff and posh coffee.

1% agency fee, plus tax on top seems fair enough.

i would also advise trawling the websites to see what competitor neighbours are undercutting your property for price. Similar 'geography/architecture/condition/proximity to infrastructures' properties to your own. The high-priced properties will languish online forever, ignore them. The ones close to your property description are the ones to keep an eye on. If they are significantly better value then you are letting greed put your price too high.

If you get greedy on price you will be wasting your own time and money. And in a wobbly falling market its best to be aggressive on price. Bank of England will be pouring cold water on the market soon. So get out and sell fast.

classic schpeel from dodgy merchants ''we charge the highest commission cos we will get you the highest price for your house''...........balderdash.
your house sells itself, and the market determines the price.....all else is hot air.

Keeping constant watch on asking prices on websites will also prevent you accepting a ridiculous low offer.

just remember asking prices are often different to offer price and final agreed price.

the websites allow you to look at property within a half or a one-mile radius of your own. Within 800 meters of a train station always commands a premium price - so just make sure you are comparing like with like .

Edited by PalazioVecchio (02 Mar 2018 12.02pm)

Edited by PalazioVecchio (02 Mar 2018 12.09pm)

 


Kayla did Anfield & Old Trafford

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Forest Hillbilly Flag in a hidey-hole 02 Mar 18 1.24pm Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

As above. Check Zoopla first.

just had an estate agent round to value the house, and we weren't impressed. They are chancers and parasites (and bull-5hltt3rs) who have no education/qualifications to get a professional job.

The housing prices are low ATM in the UK, but although you may be selling for a low price, you are also buying low too.

Estate Agents are just trying to stimulate a very slow market.

Edited by Forest Hillbilly (02 Mar 2018 1.27pm)

 


I disengage, I turn the page.

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Badger11 Flag Beckenham 02 Mar 18 3.43pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by PalazioVecchio

whoever you choose should have a presence on Zoopla and Rightmove websites.

crappy estate agents will have only one or the other.

i would avoid estate agents with a fancy office, fancy vehicles, supermodel staff and posh coffee.

1% agency fee, plus tax on top seems fair enough.

i would also advise trawling the websites to see what competitor neighbours are undercutting your property for price. Similar 'geography/architecture/condition/proximity to infrastructures' properties to your own. The high-priced properties will languish online forever, ignore them. The ones close to your property description are the ones to keep an eye on. If they are significantly better value then you are letting greed put your price too high.

If you get greedy on price you will be wasting your own time and money. And in a wobbly falling market its best to be aggressive on price. Bank of England will be pouring cold water on the market soon. So get out and sell fast.

classic schpeel from dodgy merchants ''we charge the highest commission cos we will get you the highest price for your house''...........balderdash.
your house sells itself, and the market determines the price.....all else is hot air.

Keeping constant watch on asking prices on websites will also prevent you accepting a ridiculous low offer.

just remember asking prices are often different to offer price and final agreed price.

the websites allow you to look at property within a half or a one-mile radius of your own. Within 800 meters of a train station always commands a premium price - so just make sure you are comparing like with like .

Edited by PalazioVecchio (02 Mar 2018 12.02pm)

Edited by PalazioVecchio (02 Mar 2018 12.09pm)

Good advice and beware of underselling. I bought my flat from a local estate agent it was a good deal. Later I heard he had a really bad reputation for stiffing the seller. Turns out he would rather sell low and profit on high turn over than wait a bit and get the best price.

Regarding the competition when I sold my first flat there were 3/4 other flats for sale in the same blocks. I spoke to the buyer who was getting a divorce and I guessed all he wanted was the minimum fuss. I threw everything in including appliances, carpets, curtains etc. and I agreed to move out without a chain. That's why he went with me. So know your buyer and see if there is something you can offer above the competition it doesn't always have to be the price.

As other posters have mentioned most buyers look on Zoopla and Rightmove type sites so unless you have a great agent all they are doing is listing on those the same as the other agents. That's why I suggested earlier these flat fee sites which are fine if you live in a popular area. If you believe you are going to have trouble selling then you do need a good agent.

 


One more point

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Rudi Hedman Flag Caterham 02 Mar 18 4.05pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Badger11

Good advice and beware of underselling. I bought my flat from a local estate agent it was a good deal. Later I heard he had a really bad reputation for stiffing the seller. Turns out he would rather sell low and profit on high turn over than wait a bit and get the best price.

Regarding the competition when I sold my first flat there were 3/4 other flats for sale in the same blocks. I spoke to the buyer who was getting a divorce and I guessed all he wanted was the minimum fuss. I threw everything in including appliances, carpets, curtains etc. and I agreed to move out without a chain. That's why he went with me. So know your buyer and see if there is something you can offer above the competition it doesn't always have to be the price.

As other posters have mentioned most buyers look on Zoopla and Rightmove type sites so unless you have a great agent all they are doing is listing on those the same as the other agents. That's why I suggested earlier these flat fee sites which are fine if you live in a popular area. If you believe you are going to have trouble selling then you do need a good agent.

One of the first chapters in Freakonomics (referring to incentives influencing behaviour) explains this in America and how the realtors only really earn on commission and the % so it really isn't worth them trying too hard for the seller. Go for volume.

 


COYP

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