estate agents' fees in east dulwich

[Josh]

Anyone know what the average fee being charged by ED estate agents is for selling a house or flat? I would also be interested to know who is cheapest and most expensive.

Might be hard to establish the answer, as I think some EAs negotiate a different fee for every client. But perhaps we can get a bit of transparency on the forum if enough people respond.

[AllforNun]

at the moment i would charge for a meal for 2 in any ED restuarant, a full tank of petrol and 1 session of queueing on Saturday at William Roses, then at that point let them come to value and advertise your property, obviously not exlcusively. For a exclusive deal add, a trip to sainsburys next christmas eve, a massage at vale practice, and a full mot on your car that should do it !

[tasty_snacks]

i imagine you'd find them open to negotiation at the moment. was always the case when i was at ludlow that we aimed at 2.5%, but in most events settled at around 2%, though this was 3 years ago.

then i worked for a bank.

and yes, i am going to hell.

[snorky]

tell them what you want to pay

if the house is priced realistically, it will sell and they get their wedge

0.5% of something is more than 3% of nothing

then again, knowing how EA minds work, they would probabaly refuse to take it on for such a nominal sum, out of professional prode ( haha )

[Mick Mac]

I have only sold a house once - and think I paid 1.75% plus vat - that was 6 years ago in east london and tehre was a mini slowdown at the time so I had negotiated that down. They must be really desperate now though. Think Foxtons in the good times changed 2.5-3% so they are most expensive generally and who knows if they deserve it but we bought our current house in 2006 through Oliver Burgess at Winkworth and he is a good guy to deal with if you want a real person to deal with rather than the normal wide boy.

[red devil]

Get yourself a cup of tea*, sit down and ring up all the listed ED agents, ask them for their best price, and negotiate downwards with the lowest. In the current market previous quotes/experience can be described as anecdotal at best.

*Rich Tea biscuits optional.

This post was brought to you by CompareTheMeerkat.com Simples...

[jim_the_chin]

on a related fees issue how long does an agents contract last for?

we saw a house ages ago and were interested in it but the whole crash thing put a kaibosh on the idea of moving and the house came off the market. we're back to thinking about moving again and I was going to knock on the door of the house and see if they were still interested in selling. would the original agent who showed us round have some claim for fees, even though the house has been off the market for some time?

[red devil]

Jim, from what I understand, an estate agent who has previously introduced you to the vendor would still be entitled to some part of their fee if not all of it. If you do speak to the vendor ask them to check the smallprint of their agreement to confirm the matter. I've heard stories where people have sold a house this way and the agent has found out and successfully claimed their fee, but like I say it all depends on the T & C's of the original signed agreement...

[SueJ]

Hi Josh

We were trying to sell a house in Nunhead this time last year and had ED EA quotes down to 0.5% and up to 2%.

Sadly we did not manage to sell and have lovely tennants in there now.

Buzz word in any industry is "Negotiate"!

Sue