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I imagine it would be the fee changing for the whole amount or it wouldn't make much difference the other way.
Sale price Comission take home £500,000 1.0% £5,000 £495,000 £510,000 1.5% £7,650 £502,350 £515,000 2.0% £10,300 £504,700vs
£500,000 1.0% £5,000 £495,000 £510,000 1.5% £5,150 £504,850 £515,000 2.0% £5,250 £509,750 -
Yeah, wot dst said.
I think it's a really good arrangement if done right, prolly with bigger increments than dst suggests and a wider range, like 0.5% of the whole price if they get you what you'd have got yourself or through an internet agent, rising to 5% if they absolutely smash it and get 20% more than you thought you would. That'll focus them on the task in hand.
dst2
Hefty
@user16171
Question -
When estate agents talk about about grading their fee
1% for £x
1.25% for £xx
1.5% for £xxx
etc
Are they talking about their fee changing for the whole amount as you go over a threshold?
or are they talking about getting an increased percentage on the amount over the threshold?
I'm no where near as good at this as I thought.