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Selling a house
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 JohnB  17 Feb 17 3.33pm |
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I've been in my place for 10 years now and was a first time buyer when I moved in so have no experience in selling a house. Does anyone have any tips? I've had one agent round from Langford Russell and they want to charge 2% + VAT which I think is a lot. I've looked at Tepilo and Purple Bricks which is a lot lot cheaper but no idea if the whole online agent thing works well. I basically want to sell my place without getting ripped off.
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| rob1969 Banstead Surrey 17 Feb 17 4.00pm |
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Having paid agents for doing very little in the past I would go with an up front fee (less than 1K inc. vat) with anyone who would guarantee property being on the main property website for at least three months. That is - apart from a picture in his shop window - all the agent will do for the 1-2% they want. Obviously the saving would depend on the value of your property but with even a flat selling now for £200K+ the saving must be at least 1-2K. Edited by rob1969 (17 Feb 2017 4.03pm)
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| Dulwichsteve (Another Girl) Another Planet 17 Feb 17 4.17pm |
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I think the issue with the likes of Purple Bricks is you pay if you take the property off the website which is fine as long as you're happy to leave it with them indefinitely but not if you change your mind about selling or then decide to go with a different agency. My advice if you decide to use a traditional agent is to get a few in to value and let them know they are not the only agent you are considering but be mindful of one agent overvaluing to get your business only for them to come back later saying there has been little interest so you should consider dropping the price. Whilst all agents quote a set % fee they are often willing to reduce this to get your business especially if they think you are shopping around and if they think they will be able to sell it relatively easily (but at the price which suits you). I sold last year. Initially I used Langford Russell, went then with another agent, before going back to Langford Russell who did sell it. Its all about the quality of the individuals and their enthusiasm, integrity etc. The other thing about agents is they will show people around if you can't or would prefer not to.
I'm a sleeping dog, but you can't tell |
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| Willo South coast - west of Brighton. 17 Feb 17 4.42pm |
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Originally posted by rob1969
Having paid agents for doing very little in the past I would go with an up front fee (less than 1K inc. vat) with anyone who would guarantee property being on the main property website for at least three months. That is - apart from a picture in his shop window - all the agent will do for the 1-2% they want. Obviously the saving would depend on the value of your property but with even a flat selling now for £200K+ the saving must be at least 1-2K. Edited by rob1969 (17 Feb 2017 4.03pm) When I sold my property two and a half years ago, the agent charged us 1.5%. He also suggested and organised an 'Open Morning' where I believe he booked in 5 couples to see the property at different times and he showed them around - we weren't involved at all.
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 Cucking Funt Clapham on the Back 17 Feb 17 4.50pm |
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Originally posted by Willo
When I sold my property two and a half years ago, the agent charged us 1.5%. He also suggested and organised an 'Open Morning' where I believe he booked in 5 couples to see the property at different times and he showed them around - we weren't involved at all. Did you buy the house from Bill Nicholson?
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| Willo South coast - west of Brighton. 17 Feb 17 4.55pm |
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Originally posted by Cucking Funt
Did you buy the house from Bill Nicholson?
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| Rudi Hedman Caterham 17 Feb 17 5.20pm |
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Originally posted by Cucking Funt
Did you buy the house from Bill Nicholson? Bought off Keith Hackett. Sold to Mark Clattenburg for his investment portfolio. Keep it in the family.
COYP |
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| kingdowieonthewall Sussex, ex-Cronx. 17 Feb 17 10.03pm |
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avoid Foxtons.
Kids,tired of being bothered by your pesky parents? |
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| bubble wrap Carparks in South East London 21 Feb 17 11.31am |
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Estate Agents want 2% but will take between 1.25 and 1.5% its down to you to negotiate. They are all blaggers though, will tell you they have sold the most properties in the area, will over price your house to get you to go with them. Have heard good things about Purple bricks.
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| Hoof Hearted 21 Feb 17 11.50am | |
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I think there are issues with Estate Agents in overpricing and underpricing! About 2 years ago I invited 5/6 local agents to view and value. One (Andrews) was miles higher in value but was keen to get started and had the most competitive quote for fees (varying from her 1% to 2%). I couldn't make my mind up who to go with and the property I was interested in buying was sold to another buyer.... 2 years on we haven't moved and the house we considered moving to is now surrounded by a car park adjoining a local rugby club that got planning permission and extensive building work is going on as I type this... lucky escape. Anyhow my point is - how can you know the true value of a house? Some estate agents overprice to generate a larger fee whilst others underprice for a quick sale to generate cash flow for them presumably? I'd like to get as high a price as I can without leaving it on the market for months, but this seems almost impossible to achieve.
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| .TUX. 21 Feb 17 12.09pm |
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Originally posted by Hoof Hearted
I think there are issues with Estate Agents in overpricing and underpricing! About 2 years ago I invited 5/6 local agents to view and value. One (Andrews) was miles higher in value but was keen to get started and had the most competitive quote for fees (varying from her 1% to 2%). I couldn't make my mind up who to go with and the property I was interested in buying was sold to another buyer.... 2 years on we haven't moved and the house we considered moving to is now surrounded by a car park adjoining a local rugby club that got planning permission and extensive building work is going on as I type this... lucky escape. Anyhow my point is - how can you know the true value of a house? Some estate agents overprice to generate a larger fee whilst others underprice for a quick sale to generate cash flow for them presumably? I'd like to get as high a price as I can without leaving it on the market for months, but this seems almost impossible to achieve. It's your money v your time. It's an easy decision once you've decided which has more value.
Buy Litecoin. |
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| Hoof Hearted 21 Feb 17 12.20pm | |
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Originally posted by .TUX.
It's your money v your time. It's an easy decision once you've decided which has more value.
Yep... guess it also depends on whether its a rising or falling market?
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