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Agents Fees

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josadler7 | 09:33 Tue 16th Jul 2013 | Property
2 Answers
Hi
I am in the process of trying to sell my house, I followed the usual advice (3 agents etc.) and selected an agent to negotiate in detail. Their starting commission rate was 2.25 which quickly dropped to 2%. This was 0.25% worse than the others but they are a better local agent.
I invited them to my house to discuss further after suggesting that they offer tiered rates depending on the price achieved and they then offered 4 rates starting at 1.75% for a very low valuation to 2% to one that is probably unachievable.
Should I counter offer – my feeling is that they are 0.25-0.5% higher than other agents or accept the rates (totally ~£1000 from lowest to highest) on the basis that they will achieve a higher sell price?
Thank you
J
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For clarification, are you saying their valuation of your property was staggered depending on what their commission rate was?
Were they proposing that if they were on a lower fee then your house was worth less?


Question Author
Hi toltol, no they valued the house and then when they didn't want to be reasonable on the rates we agreed a tiered structure.
My main issue is that the rates are very high compared with most but I am keen to find out what other answerbank users have experienced.

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