How much do estate agents charge to sell a house?
Buying or selling a property can be a stressful ordeal, which can be time consuming, emotionally challenging and expensive. Luckily, for those out there looking to sell, estate agents can relieve a lot of that stress by managing the advertising of the property, dealing with enquiries, attending viewings with potential buyers and negotiating prices. This is why they are one of the biggest costs you will encounter when selling your home as for their services, agents either charge a fixed fee, or a percentage of the selling price.
In recent years, more and more people are choosing to use online agents to sell their homes. These agents typically charge a fixed fee for their services, and are usually a more cost-effective alternative to a traditional high street agent.
According to Which? certain agents allow you to list on their website for free, but typical fixed fees for an online agent can range between £99 and £3,999. Although this can be a cheaper alternative, some agents won’t offer a full range of service that a typical high street agent would. Most online agents take care of advertising the property, which means they wouldn’t be responsible for conducting viewings or handling negotiations.
High Street Agents
When it comes to selling a house, most people choose to use a traditional high street estate agent. They generally charge a percentage of the selling price and these charges can differ depending on the location of the property. However, on lower value properties a fixed fee contract may be suggested, in these cases the seller should be vigilant and work out the percentage to be confident they are getting a competitive price.
According to The Advisory, in England and Wales the current average high street agency fee is 1.18%+VAT for a sole agency agreement on a no sale no fee basis. That would come to a total of 1.42% including VAT, and at this rate, if your home sold for £200,000, the fees would amount to £2840.
As previously mentioned, charges vary depending on location, and they generally range from 0.75% to 3%. When it’s time to discuss fees, it’s always helpful to remember that negotiating on price is okay, and their quoted price should include the VAT. Previously, agent fees used to be quoted without VAT, but since 2016 the rules now state that all quotes should include VAT.
Selling a home can be long and stressful, delays can happen and arrangements can fall through at any point, regardless of the time and energy spent organising and negotiating a deal.
Luckily, there is an easier option: FastCash4Houses. We have a simple 3 step process to help you sell your home in days rather than months, with no estate agent or legal fees. All you need to do is visit our website and tell us about your property; within 24 hours you will receive a no obligation cash offer; and if you choose to accept the offer, we process the property valuation.
Using a service like this reduces cost, delays and the time taken to complete the whole selling process. So, if you’re looking for a quick sale and to reduce overall fees, FastCash4Houses is the best option.
Which One Should I Choose?
For those looking to sell their home in the quickest, cheapest and most convenient way, then using FastCash4Houses would be the best option. With us, you can sell your property in a quicker time frame with no estate agent or legal fees to pay. To get your free no obligation valuation today and to find out more about how we can help then visit our website at https://fastcash4houses.co.uk/ or get in contact with us to speak to a member of our team directly on 01204 294356 or [email protected]. At FastCash4Houses, we want to support you every step of the way as you sell your property.
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