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Ash4781

Are Estate Agents Cutting Fees ?

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Anecdotal. I have seen a number of EA signs from different chains in my area (Kent) with 1% fees printed on their boards. It is difficult to get the full picture and further to margins without looking at company accounts, RICS reports but in my mind I had 1.5-2% range for their fees.Seasonally adjusted sales transactions and mortgage approvals are falling.

Has anyone seen sub 1% or even rise in numbers using fixed fee eg.Those online agents.

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1% has been common in Swansea for some years now according to the various EAs I speak with - hence one reason for the asking price ramping.

Several have told me that they are now worried about new firms - EAs who have left firms and set up for themselves - charging £250 flat fees.

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Anecdotal. I have seen a number of EA signs from different chains in my area (Kent) with 1% fees printed on their boards. It is difficult to get the full picture and further to margins without looking at company accounts, RICS reports but in my mind I had 1.5-2% range for their fees.Seasonally adjusted sales transactions and mortgage approvals are falling.

Has anyone seen sub 1% or even rise in numbers using fixed fee eg.Those online agents.

I've never paid more than 1%.

This is how stupid people in London are though...My wife paid, with very little effort on our pats, 0.75%.....her friend, same agent, 1 month later, despite us telling her that they would do it for 0.75%, agreed 2%.

A sum of approx £4500 + VAT !!!!!

That's how stupid the middle classes living in London actually are.

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We got an EA flyer last week stating £1,500 fixed fee. For Herts thats a price of £150k for your 1%. 0.5% for £300k, 0.25% for £600k. Last two more the norm round here!

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We got an EA flyer last week stating £1,500 fixed fee. For Herts thats a price of £150k for your 1%. 0.5% for £300k, 0.25% for £600k. Last two more the norm round here!

That smacks of total desperation, love it!

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That smacks of total desperation, love it!

Smacks of sane priced.

Vendors willing to pay and agent 10K to stick a sign outside their house and open a few doors, so they can achieve a certain price ( :D:D:D:D ) smacks of desperation.

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1% has been common in Swansea for some years now according to the various EAs I speak with - hence one reason for the asking price ramping.

Several have told me that they are now worried about new firms - EAs who have left firms and set up for themselves - charging £250 flat fees.

It happened in conveyancing.It was only a matter of time before the EA's got hit too.

Conveyancing used to be money for old rope back in the day for High St sols.Not so now.Companies like MHM/Countrywide do £350 plus search costs

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It happened in conveyancing.It was only a matter of time before the EA's got hit too.

Conveyancing used to be money for old rope back in the day for High St sols.Not so now.Companies like MHM/Countrywide do £350 plus search costs

I didn't know that - useful info.

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I've never paid more than 1%.

This is how stupid people in London are though...My wife paid, with very little effort on our pats, 0.75%.....her friend, same agent, 1 month later, despite us telling her that they would do it for 0.75%, agreed 2%.

A sum of approx £4500 + VAT !!!!!

That's how stupid the middle classes living in London actually are.

When it's HPI money that you haven't had to earn, it is easy to throw it away!

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That's how stupid the middle classes living in London actually are.

It depends how you categorise this woman. An alternative interpretation: this shows how stupid your friends actually are.

65243 (middle-class Londoner) xx

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  • 406 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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