Nappy Valley estate agent commission levels? Post Reply

[hayleybalmers]

Hi there,

We've just sold a flat by Clapham South tube and initially had this listed with a local agent (charging 1.5%+VAT) we struggled to negotiate much though James Pendleton did offer 1%+VAT I beleive (we were going to use them after the minimum period was up with M&P).

The estate agent we had didn't manage to sell out property and we had it on the market them then for 8-12 weeks. I can't quite remember.

In the end I used House Network. They charged £500 for photos, floor plans, arranging all the viewings - everything! All we had to do was show people round. They are currently also chasing the buyers solicitors and ours, making sure all goes smoothly. I must admit I have been so impressed with them. For the money I think it is incredible.

I should add that we did reduce the price when we listed with them but as we were saving 10K in fees we were happy to do this!

I'me sure that Jonathan's post certainly is true and that a good agent will help to smooth things out should any glitches arise but we were happy to take the gamble and were very glad we did.

Hope that helps a little!

[Fisherprice]

Honey granola - re your jetting question
I negotiated with the agent and so paid

8% for first year
Dropping to 4% if tenants renewed
Dropping yo 1% on 2nd renewal and then stopping to zero thereafter.

My neighbour negotiated the same desk with their agent ( a different agency) so I think that is fairly standard.

This was with us managing the property.

[this_is_cat]

I sold somewhere 18 months ago, and had the usual beauty parade of agents over.
They all told me these sorts of properties were flying, there would be no problem selling it, but there was then a variance in the fees they wanted (for the self-confessed zero work..!)
Marsh and Parsons and James Pendleton refused to budge from their standard 1.5%
If memory serves me correctly, Marsh and Parsons had some very complicated system where if they got over the asking price, their commission would jump to 1.75%, but if they got under the asking price, they would drop their commission.
John D Wood were rude and disorganised and we discounted them straight away.

We ended up going with KFH for 1%. They were a bit disorganised with viewings, and we had 2 or 3 of their staff phoning us up booking things in, rather than them coordinating between themselves, but they gave us some useful advice on presenting the house, and most importantly, it sold in a couple of weeks.

[pclappison]

We all know estate agents commission levels are too high but the alternative, online estate agency where you do most of the work yourself and the agents take their fee whether you sell or not which gives them little to no incentive to actually sell your property, especially for a higher price is madness.

That's why we started Moveli. Our Nappy Valley estate agent Paul Clappison has over 16 years experience selling property in the area. Receive a FULL SERVICE from Paul and pay only 0.75% on sale. What's more Moveli agents earn much more than their counterparts on the high street (50% of 0.75% instead of 10% of 1.5%) making them much more motivated to deliver a personal full service and more importantly a higher price for you.

Contact Paul today for a chat about the property market around Northcote Road.

020 3150 0773
paul@moveli.com

http://moveli.com/