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TheCountOfNowhere

Estate Agent Commission In London

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A friend of mine is selling up in London, Clapham Area.

They've been quote some ridiculous % commission to sell + VAT, highest being 3%, in real terms works out at 1000's...they have the check to quote ex-vat....like a dodgy garage.

Anyone who has sold around this area, what commission did you pay and who did you use ?

Thanks in Advance.

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A friend of mine is selling up in London, Clapham Area.

They've been quote some ridiculous % commission to sell + VAT, highest being 3%, in real terms works out at 1000's...they have the check to quote ex-vat....like a dodgy garage.

Anyone who has sold around this area, what commission did you pay and who did you use ?

Thanks in Advance.

A bit different as on London/Essex borders but was quoted flat rate of £2000 from 3 major agencies. Valuation was about 120K so about 1.6-1.7%

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A bit different as on London/Essex borders but was quoted flat rate of £2000 from 3 major agencies. Valuation was about 120K so about 1.6-1.7%

They must be having a laugh,2K to sell a house... thieving spivs if you ask me. :lol:

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They must be having a laugh,2K to sell a house... thieving spivs if you ask me. :lol:

Well quite. Pretty irrelevant anyway as I don't think they have sold a house between them since June :rolleyes:

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A friend of mine is selling up in London, Clapham Area.

They've been quote some ridiculous % commission to sell + VAT, highest being 3%, in real terms works out at 1000's...they have the check to quote ex-vat....like a dodgy garage.

Anyone who has sold around this area, what commission did you pay and who did you use ?

Thanks in Advance.

Sold begining of year with Foxtons, Islingon, 2.5% plus vat.

Needless to say I paid them 10's of £1,000 in commission but they did pump up price.

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Sold begining of year with Foxtons, Islingon, 2.5% plus vat.

Needless to say I paid them 10's of £1,000 in commission but they did pump up price.

Have you never heard of negotiating !!!! Thanks for the info though.

The best quote so far is 1%.

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Only quotes that i know of via family in the surrey end of London were fixed sums of £3.5k on a £650k house and £12k on a £4.5m house. Those were from ChurchodsCurchods and Knight Frank iirc, back in 2006.

[/pedant mode]

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Thanks for the feedback.

I'll mention it to my friend.

They are in negotiation with 3 agents now and one is down to 1% + VAT !!!! They are have asked for 1% inc VAT and will go with the one the agrees.

Anyone paying 2.5% really needs their heads examined. 2.5% was maybe okay 10 years ago when the properties were worth 80K. and the cost of selling was high. Now the cost of selling is low ( i.e. rightmove, instead of local rags ) and the houses are ridiculously over-priced.

2.5%....there should be a law against that. :lol::lol::lol::lol:

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Thanks for the feedback.

I'll mention it to my friend.

They are in negotiation with 3 agents now and one is down to 1% + VAT !!!! They are have asked for 1% inc VAT and will go with the one the agrees.

Anyone paying 2.5% really needs their heads examined. 2.5% was maybe okay 10 years ago when the properties were worth 80K. and the cost of selling was high. Now the cost of selling is low ( i.e. rightmove, instead of local rags ) and the houses are ridiculously over-priced.

2.5%....there should be a law against that. :lol::lol::lol::lol:

I paid 1.5% plus VAT but that was completion at the beginning of 2008. (Townends.)

Quote was probably early Aug. 07, just before the crunch hit.

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Here is the score on the door....

After a day of haggling they got 2 offers on 1% including VAT and 1 offer of 1% excluding VAT.

They have gone for the 1% ex VAT for some reason...said it was a much bigger agent and had plenty of sales in their road recently.

Not according to the land registry they dont !!!

So it's a case of sellers beware...if you are paying more than 1% commision, then DONT.

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  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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