TheCountOfNowhere Posted November 16, 2010 Share Posted November 16, 2010 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. Quote Link to comment Share on other sites More sharing options...
Azbola Posted November 16, 2010 Share Posted November 16, 2010 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% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 16, 2010 Author Share Posted November 16, 2010 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. Quote Link to comment Share on other sites More sharing options...
athom Posted November 16, 2010 Share Posted November 16, 2010 stick it on gumtree Quote Link to comment Share on other sites More sharing options...
Azbola Posted November 16, 2010 Share Posted November 16, 2010 They must be having a laugh,2K to sell a house... thieving spivs if you ask me. Well quite. Pretty irrelevant anyway as I don't think they have sold a house between them since June Quote Link to comment Share on other sites More sharing options...
veryveryterry Posted November 16, 2010 Share Posted November 16, 2010 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. Quote Link to comment Share on other sites More sharing options...
hobdoll Posted November 16, 2010 Share Posted November 16, 2010 House price 540K. Charged a flat 5k (2007) Have to say they did a great job. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 16, 2010 Author Share Posted November 16, 2010 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%. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 16, 2010 Author Share Posted November 16, 2010 I'm surprised i've not had more response to this. I'd have thought everyone on here would have a tale to tell about Estate agent commission and dish the dirt on who charges what. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted November 16, 2010 Share Posted November 16, 2010 Just need to find the cheapest agency that will put it on rightmove. Quote Link to comment Share on other sites More sharing options...
Bobajobbob Posted November 16, 2010 Share Posted November 16, 2010 1% on an 800k house....in clapham. Highest quote was 3%. I laughed. Even 1% was a total rip off. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted November 16, 2010 Share Posted November 16, 2010 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 Churchods and Knight Frank iirc, back in 2006. Quote Link to comment Share on other sites More sharing options...
Mildura Posted November 16, 2010 Share Posted November 16, 2010 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] Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 16, 2010 Author Share Posted November 16, 2010 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. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted November 16, 2010 Share Posted November 16, 2010 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. 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. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 17, 2010 Author Share Posted November 17, 2010 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. Quote Link to comment Share on other sites More sharing options...
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