A question on selling up...

Slyder · 19-04-2007, 19:56

I have 3 different estates agents coming to my flat tommorow to value the property.

If I like all 3, could I advertise with all 3, or do I have to make a decision.

(sorry if this seems really obvious, first time seller)

tia
Sly

Ramrod · 19-04-2007, 20:17

It's your choice. Estate agents may charge you more if you go on with more than one though. We got a better deal because we signed a sole agent agreement (for 8 weeks)

skyblueheroes · 19-04-2007, 20:25

Quote:

Originally Posted by Slyder

I have 3 different estates agents coming to my flat tommorow to value the property.

If I like all 3, could I advertise with all 3, or do I have to make a decision.

(sorry if this seems really obvious, first time seller)

tia
Sly

Its such a con imho. I would go with all three. When we sold a flat we had it up with 2 and the one we didn't sell it with started to get ar$ey and said they 'could' charge us. I think he was trying it on.

However, read the small print and question each one properly when they come round to see what the rules are.

Tightscot · 19-04-2007, 20:26

Aye, most agents charge you a lower fee if you use them, and only them (sole agency like ramrod said)

also worth thinking about it before making the decision - the one who values the property highest may not necessarily be the one to go with...

can you get any recommendations fro friends/neighbours, check local press and see who has best ads, any of them seem to specialise in flats etc etc

Ramrod · 19-04-2007, 20:28

Rob is probably the man to ask here.....

superbiatch · 19-04-2007, 20:28

AFAIK you have to pay an amount of commission to each of them if you sell

I sold my house and was advised to go with the middle suggested houseprice. Its a buyers market atm in most places, and i'm sure you won't go far wrong selling with the right estate agents.

I'd do some research on who seems to sell the most houses, most reasonably priced houses and if you feel you are in control (remember they are there to sell your house - not try to get you to sell quick so they get their commission).

Silent Wings · 19-04-2007, 20:36

Why not have a look on www.ourproperty.co.uk and search by your postcode to see what others have sold theirs for.

Wicked_and_Crazy · 19-04-2007, 20:41

How confident are you of selling and how quick do you need to sell.

Its worth getting 3 in to get an average price but as others have said if you go on as sole agent they should charge a lower % than if you go multi agent.

If you decide to go sole agent set a deadline for the sole agency period

superbiatch · 19-04-2007, 20:46

This is something i used when buying this place, not too sure how widely used it is http://ononemap.com/

Halcyon · 19-04-2007, 21:00

They should do the house price up for free, or a very small fee.
You then have no obligation to sell it with them and can go to whoever you wish.
Or even sell privately.

Slyder · 19-04-2007, 23:00

wow.. so much info..

thanks peeps... gives me an idea what to expect tommorow. I went with Brian Holt, Robin Jones and Whitegates all on personal recommendations. We bought the flat last year for 96k, but are hoping for about 115k if possible. Need a quick sale so price will be negotiable to potential buyers.

(obviously Ill keep that under my hat for now)

Plus its all new build (not even a year old) and the original sellers told us it had gone up in value by 10k. (but then they would really, wouldnt they)

Slyder · 20-04-2007, 07:23

Quote:

Originally Posted by Ramrod

It's your choice. Estate agents may charge you more if you go on with more than one though. We got a better deal because we signed a sole agent agreement (for 8 weeks)

Ive heard about the short term contracts (8 weeks onwards) is there any advantage to this.

joglynne · 20-04-2007, 08:17

Yes. It puts pressure on the agent to keep pushing your flat as they are aware that if you don't feel they are doing a decent job you can move to another agent.

Slyder · 20-04-2007, 08:24

Quote:

Originally Posted by joglynne

Yes. It puts pressure on the agent to keep pushing your flat as they are aware that if you don't feel they are doing a decent job you can move to another agent.

Cheers.

An agent for Robin Jones should be here soon, Ill ask about that and solo agreements as well.

Slyder · 20-04-2007, 15:51

Quick update...

Robin Jones value was 110-115k - no sale no fee - after sale fee is 1.5% of asking price before + vat

Whitegates value was 105-110k - no sale no fee (prefered a tie in period) again 1.5% is there fee.

Brian Holt value was 110-112 - no sale no fee, no tie in period 1.75% is there cut.

Decisions, Decisions

- Ill sleep on it tonight and make my mind up tommorow.