My new wife wants to sell her house.
It's in a new town development that's well established near Cambridge.
There are 3 agents within the town.
All are playing hardball with the fees. Quoting 1.5% and more. The house ought to fetch just over £260k; it's 20 months old and only got lived in by my wife on her own for about 12 months from new. It's as new and a very easy sell.
I asked my wife to tell the agents she would be happy to pay a flat 1% like all the Cambridge agents charge (many are 0.9% or 0.8% actually)
Their response......."We would only do 1% of an agreed asking price, with anything over that price being charged at a 10% fee."
That sounds like some seriously dodgy practice to me. Is it normal?
I can see that it might make the agent work far harder to sell it for more if they're getting a 10% booty out of it, so I'm wondering if we should do it!??
On the other hand, it's making me feel more and more like going with an online agent that has a fixed fee of £750!
Don't know what to do.....
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