- Look at the charges carefully - most agents charge a percentage of the final sale price, which means you only pay if and when the property is sold, but some may offer a lower percentage and charge fees for advertising, putting up the sale board, and arranging viewings, all of which you may be liable to pay for immediately.
- Check the small print and asked what happens if you sell to a neighbour, friend, or colleague - some agencies claim ' sole selling rights' (not the same thing as ' sole agency' rights), which means you have to pay their fee even if you are not selling the property without their help. This may even apply for a set time of your contract with the agent has expired.
- Don't automatically opt for the agency quoting the highest sale price - they may just be desperate to your business. A difference of 5% is acceptable, is the estimates are adrift by more than this, asked the ageing quoting the highest rated to justify the figure with actual examples of recent sales of similar property in the area.
| Property price (£) |
Legal fees (£) |
Estate agent's fee (£) |
Total funds you need (£) |
| 25,000 |
381 |
728 |
1109 |
| 50,000 |
396 |
936 |
1332 |
| 60,000 |
399 |
1020 |
1419 |
| 80,000 |
422 |
1253 |
1675 |
| 100,000 |
446 |
1490 |
1936 |
| 150,000 |
502 |
2129 |
2631 |
| 200,000 |
551 |
2851 |
3402 |
| 300,000 |
658 |
4132 |
4790 |
| 500,000 |
867 |
6697 |
7564 |
|
|
 |
|
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