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Estate Agents fees for selling house

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  • 07-01-2014 7:32pm
    #1
    Melloh
    Registered Users Posts: 34 ✭


    Hi just wondering what experience people have with estate agents fees for selling a house. I have been told by two local estate agents that their fee is 1.5% of sales price (North Kildare area). Someone mentioned to me they thought this was high?


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    #2
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,713 Mod ✭✭✭✭L1011


    1% should be attainable. Its not uncommon for effective cartels to form within a town meaning everywhere charges the same.

    Take in to account that 95% of people find the house online - there's no need for the agent to be local; contact all the ones in surrounding towns also, and Lucan if along the M4 corridor.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,278 Mod ✭✭✭✭The_Conductor


    Lots of estate agents will do it on a flat fee basis- and if you say you're going to go to a competitor- those who don't advertise a flat rate fee- will normally offer to do it on that basis.

    Business is slow- no matter how the media spin it- its not in an estate agent's interest to deliberately let business walk out the door.


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    #4
    JimsAlterEgo
    Registered Users Posts: 1,917 ✭✭✭JimsAlterEgo


    The_Conductor wrote: »
    Lots of estate agents will do it on a flat fee basis- and if you say you're going to go to a competitor- those who don't advertise a flat rate fee- will normally offer to do it on that basis.

    Business is slow- no matter how the media spin it- its not in an estate agent's interest to deliberately let business walk out the door.

    would you not want a % basis, to get them to maximize the sale price. Cant seen an EA working too hard for a fixed fee. Just try and get the % knoekced down.


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    #5
    hognef
    Registered Users Posts: 828 ✭✭✭hognef


    JimsAlterEgo wrote: »
    would you not want a % basis, to get them to maximize the sale price. Cant seen an EA working too hard for a fixed fee. Just try and get the % knoekced down.

    1% of a small increase in the sale price amounts to very little: An extra 20k yields only 200 euro, so it shouldn't make any practical difference.

    An increased percentage, say 10%, above a certain sale price, however, just might offer the right incentives, as long as the kixk-in point is picked carefully.


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    #6
    caew
    Closed Accounts Posts: 71 ✭✭caew


    When I sold my house last July in Dublin 15 the agent charged 1.1% plus VAT. On top of that I paid the fees for daft/myhome upfront, I can't remember the cost of these.


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    #7
    TheDriver
    Registered Users Posts: 12,398 ✭✭✭✭TheDriver


    I paid 196.10 which was the cost of a daft ad. Sold house myself and saved approx 3000. Maybe worth a try?


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