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Estate agent fees and tie in period


tommy

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Can I draw your attention to a special offer by Ludlow Thompsonin Wimbledon, where they are charging a special flat rate ?1500 fee. For a ?500k house that compares with the usual ?7,500 that they would cream off. If Ludlows can do that in Wimbledon, it's worth challenging them (or other estate agents in East Dulwich) to be equally competitive in SE22. Remember, 20 years ago the typical fee for an estate agent round here for a flat was 2% of ?50,000, i.e. ?1,000. That means even with inflation, their services today shouldn't be worth more than ?2,000 (just how many days work do they put into selling a home?). So there ought to be plenty of room for haggling.
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