Selling House - Estate Agent Fees Post Reply

[Azaff86]

Hi,

We’re thinking about selling our house and wanted to know if anyone has recently sold a house with a local agent (Northcote Road) and if so, what fee they paid. I have no idea what’s fair!

Thanks!

[RamptonBaseleyEstateAgentsSW11]

As one of NappyValleyNet's property advertising partners, we thought we'd jump on to give you the details of our fees. 

Our sole agency fee is 1.5% + VAT and our joint agency fee is 2% + VAT. We price ourselves in the middle of the market and you will likely see fees range above and below this. The important thing is understanding the best value.

We're the leading agent around the commons and have recently opened our fifth office in Earlsfield, having opened our first on Northcote Road 15 years ago in 2008. All our negotiators work across the whole area, regardless of where they're based, meaning we have an excellent team ready to show your property to our extensive network of committed buyers.  

The current market is busy and buoyant with demand generally outstripping supply, so now is a good time to sell - the spring and early summer are typically the best times of year. If you have any more questions, please drop me a line or give me a call. I'm based in the Northcote Road office and the team and I are always happy to chat to any locals who may call in, whether you'd like a free valuation or just a confidential chat about your property and the local market. 

Mike Hall, Head of Sales, Northcote Road
mike@ramptonbaseley.com
020 7228 5111

[Lepresidente]

Ask for 1% on sale price , with a ratchet mechanism that if they sell for less than asking price then commission rate is cut but if they sell above asking then commission goes up to reward . You can band commission by sale price , ie every extra £100k over asking price the commission rises 25/50 bps .

There’s a lack of properties to sell in the area I hear, so agents are desperate for stock . Hold out for the best deal and do negotiate . Don’t just go for the 1st terms they offer and do negotiate exclusivity rights period - ie they willl try to stuff you on an 8 week exclusivity period - negotiate that down to 4/5 weeks. Ultimately if they are so confident your house is a winner they should be able to sell it in 4 weeks.

Best of luck