Estate Agents does anyone know
Apr 22nd 2005, 10:04 pm
#1
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Estate Agents does anyone know
I have signed up on a sole agency agreement @ 1.25% and it states on the aggreement if I go multi agency it would go up to 3% which is fine I understand that...what I dont get and I may just be being dim...If I now go and sign up to a second agent and they sell the house not the original agent,do I still have to pay the first agent 3% and the second agent I take on board what ever percentage they aggree on. Or do I only pay the agent that sells the house...?
Apr 22nd 2005, 10:11 pm
#2
Joined: Dec 2003
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Re: Estate Agents does anyone know
Originally Posted by peppi
I have signed up on a sole agency agreement @ 1.25% and it states on the aggreement if I go multi agency it would go up to 3% which is fine I understand that...what I dont get and I may just be being dim...If I now go and sign up to a second agent and they sell the house not the original agent,do I still have to pay the first agent 3% and the second agent I take on board what ever percentage they aggree on. Or do I only pay the agent that sells the house...?
Apr 22nd 2005, 10:12 pm
#3
Joined: Dec 2003
Posts: 7,834
Re: Estate Agents does anyone know
Originally Posted by peppi
I have signed up on a sole agency agreement @ 1.25% and it states on the aggreement if I go multi agency it would go up to 3% which is fine I understand that...what I dont get and I may just be being dim...If I now go and sign up to a second agent and they sell the house not the original agent,do I still have to pay the first agent 3% and the second agent I take on board what ever percentage they aggree on. Or do I only pay the agent that sells the house...?
Apr 22nd 2005, 10:12 pm
#4
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Re: Estate Agents does anyone know
Originally Posted by biggy
u only pay the person who sells ur house........but u may need to pay the other advertising fees etc so worth checkin out
Apr 22nd 2005, 10:15 pm
#5
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Re: Estate Agents does anyone know
Originally Posted by biggy
or u could always contact the buyer directly and offer some dosh off the house price if the buy privately
Apr 22nd 2005, 10:15 pm
#6
Joined: Dec 2003
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Re: Estate Agents does anyone know
Originally Posted by peppi
thats what I thought...but i wasnt sure. thanks for that biggy. I'll go and read the small print regarding the advert fees etc
Apr 22nd 2005, 10:16 pm
#7
Joined: Dec 2003
Posts: 7,834
Re: Estate Agents does anyone know
Originally Posted by peppi
I dont have a buyer...thats my problem...and the agent I chose I now think are C##P,so I want it on with someone else...rather pay a higher % rate and be sold before we go than have to leave it empty and go leaving it for the agents to sell
Apr 22nd 2005, 10:19 pm
#8
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Re: Estate Agents does anyone know
Originally Posted by biggy
just ditch the first ones then, tell them they r shit, and go with somebody else
Apr 22nd 2005, 10:32 pm
#9
Joined: Mar 2005
Posts: 2,027
Re: Estate Agents does anyone know
One thing for sure is that you won't have to pay two lots of fees. You pay the fees of the agent who negotiated the sale. As you say they do charge a higher percentage for joint agency. Remember that vat of 17.5% is also payable on top!
If you want to change agents check the small print of your contract as you could have tied yourself in to an agreement for a set period of time.
Someone has suggested that you negotiate with the buyer and cut out the middle man. If the agent has introduced the buyer to you the agent will get wind of this and you will still have to pay their fees. You could then end up paying more!
If you want to change agents check the small print of your contract as you could have tied yourself in to an agreement for a set period of time.
Someone has suggested that you negotiate with the buyer and cut out the middle man. If the agent has introduced the buyer to you the agent will get wind of this and you will still have to pay their fees. You could then end up paying more!
Apr 22nd 2005, 10:49 pm
#10
Joined: Dec 2003
Posts: 7,834
Re: Estate Agents does anyone know
Originally Posted by Vanessa
One thing for sure is that you won't have to pay two lots of fees. You pay the fees of the agent who negotiated the sale. As you say they do charge a higher percentage for joint agency. Remember that vat of 17.5% is also payable on top!
If you want to change agents check the small print of your contract as you could have tied yourself in to an agreement for a set period of time.
Someone has suggested that you negotiate with the buyer and cut out the middle man. If the agent has introduced the buyer to you the agent will get wind of this and you will still have to pay their fees. You could then end up paying more!
If you want to change agents check the small print of your contract as you could have tied yourself in to an agreement for a set period of time.
Someone has suggested that you negotiate with the buyer and cut out the middle man. If the agent has introduced the buyer to you the agent will get wind of this and you will still have to pay their fees. You could then end up paying more!
