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I negotiated a sliding scale, based on the to sale, and value of sale, of 1% to 3%
If you get them to agree a too-high asking price, you might sell at a price you want, for a fee that is relatively low.
Be aware of lock-on periods and VAT though.
Or just sell it yourself for a fraction of the cost.
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What sort of rates are people getting from estate agents?
1% to 2.5% before negotiation
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We got it down to 1%(+VAT) with one estate agent who was shit and was then happy to pay 1.5% (no VAT) to an agent who worked his balls off. Our solicitor's secretary still thought we were paying him an extortionate amount and queried it but even 1% of a London property is still a shit load of money.
NotThamesWater
Howard
Dramatic_Hammer
@abr
Planning to fairly imminently ..
What sort of rates are people getting from estate agents? Best we've been offered is 1.5%. Is it likely to be able to negotiate it down closer to 1%?