Absolutely. The EA will definitely recommend a price cut. Consider the math
Agent is on 1.5% commission.
Property sells for 500k. Agent gets 7,500.
Property sells for 475k. Agent still gets 7,125. He is only down 375 quid. As the seller though you're down 25 grand...
That only really applies if the agent owns the agency. Most don’t, so their commission is way lower than that, so they are mainly interested in the sale, rather than haggling for a price that earns them an additional £50.
@andyp started
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Absolutely. The EA will definitely recommend a price cut. Consider the math
Agent is on 1.5% commission.
Property sells for 500k. Agent gets 7,500.
Property sells for 475k. Agent still gets 7,125. He is only down 375 quid. As the seller though you're down 25 grand...