Colin
Member
Registered: 4th Apr 02
User status: Offline
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Getting a valuation done on Tuesday.
This is new to me so im a bit unsure on whats good.
Like their sellers cut, im reading 2-3% is normal. 
However if you tell them you wish to employ them as a sole agent then they might be prepared to drop a bit.
Also contract lengths, your entering a contract with them so must agree on terms? Ive read to make this short as possible to ensure they make your sale a priority
I was thinking about trying to haggle & propose that I dont talk to anyone else & agree to advertise with him as a sole agent asking his valuation price for a period of 6 weeks. If it sells he'll get his 2% sellers fee.
However if it doesnt sell then we drop the asking price down to what I need. He'll only get 1% sellers fee on this.
I get more - then he gets more. I get less - then he gets less! 
Any advice on that? 
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John
Member
Registered: 30th Jun 03
User status: Offline
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Stick a sign up on your window before paying an estate agent 3%.
I wouldn't want to pay anymore than 2% though.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive got a mate interested, he's currently trying to arrange a mortgage & is getting back to me on it next week.
Also the girl downstairs 'friend' has expressed an interest. Still to talk to her.
Ive not stuck a sign in the window yet.
Going to get a couple valuations. Ive got a figure in my head i'd like. If an estate agent comes along & says I can get you several grand more than that then I dont mind paying 2%.
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charcoalgrill
Member
Registered: 23rd Oct 02
Location: Bristol
User status: Offline
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depends on the value of the house and how saleable the agent thinks it is (obviously it is a personal thing and everybody thinks their own house is 100% saleable- but ive seen some crap in my time)
If the market is still slow where you are, it wouldnt suprise me if the fee's are 2-3% as the agent isnt selling alot and need to make the money up. (we used to charge 2%)
But if they dont have much on their books, they might do it cheaper, as they need to get instructions to keep a float. (About 1%)
If the agent thinks they have someone straight away, you could arrange a fixed fee as no marketing has been done (1%? or less?)
Personally i would instruct the local independant agent, but get an opinion from at least 3 on price.
Hope it helps- good luck.
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