Estate Agent Charges

CashSome estate agents offer a scaled-down service that is charged at a "fixed price". This service usually includes producing property details, promoting your property online, and sometimes – but not always – in the local newspaper.

However, you'll have to manage calls from potential buyers and accompany them round the property, make follow up calls to see if they want to view again, or better still make an offer and negotiate the price yourself. The fee is payable upfront whether or not your property sells.

More traditional agents will offer a mix of the services highlighted above and charge accordingly. Charges range from:

Charge Type Description
1% to 2% Sole Agency One agent has the responsibility for selling your home.
1.5% to 2.5% Multiple Agency More than one agent is appointed to sell your home.

Don't forget: agents are negotiators – so try to negotiate the best deal for you. What have you got to lose?

Estate Agent Contracts

It's important to read the contract the agent gives you. Check that these areas are covered and, if necessary, seek to clarify the relevant clauses:

  • What happens if you find a buyer yourself, for example a work colleague, friend or neighbour?
  • If you're not happy with the agent’s service, how long does the contract tie you in for? Ideally aim for a six to 12-week break clause.
  • What happens if you're unhappy with the agent's service and want to complain?