Estate agents’ fees for selling a property can vary wildly
In many parts of Lincolnshire 1.25% to 1.5% is a standard fee. However, I’ve seen agents advertising fees as low as 0.8 % or even a flat rate of £500.
There is no way any agent doing their job properly can charge £500 and make money. They would have to cut more corners than a Grand Prix driver in several key areas just to break even or reduce their losses.
For a property to achieve its best price in the shortest possible period of time it needs to be well marketed. Online portals aren’t cheap, neither are professionally designed marketing materials. However, the area where the vendor can get really short-changed by a ‘cheap’ fee is the level of personal service they receive.
When an agency bases its business on charging rock bottom fees there’s no way they can attract the best level of staff because good people won’t work for low wages. The saying ‘if you pay peanuts you get monkeys’ springs to mind.
Remember selling your home is probably one of the single biggest transactions you will make in your life. You want to get the best possible price for your property. The difference between a quick sale and a good sale could be tens (even hundreds) of thousands of pounds. At Mundys we won’t push you to accept an offer we believe is below the value of your property. On average we achieve 98% of the asking price*.
At Mundys we’re flexible on our commission fees to a point. We’re not a ‘pile them high, sell them cheap’ agency but we do understand it’s a competitive market and we always aim to be competitive but not at the expense of our commitment to your sale and the service we offer. We pride ourselves on the calibre of staff we employ and believe they can help you with their local knowledge and experience.
We never compromise on our commitment to looking after your property needs which includes helping you through the whole process with our of our dedicated Home Move Managers and our onward negotiation services.
Want to get a SOLD or LET sign outside your property quicker?
Call Chris and our team on 01522 510044 or email Chris.Laughton@mundys.net for honest, expert and friendly advice.
*Based on Sales in November 15