Oh joy of joys, if you're planning to sell your property in today's climate then you can now expect to pay more for the pleasure. According to The Telegraph, some estate agents are now upping their fees to 2.5% to boost their earnings as house prices fall.
Let's face it, traditional estate agency fees are always a sore point and many would argue that the typical 1-1.5% fee is cheeky anyway. So, should you walk away from an agent that now commands a 2.5% multiple agency fee? David Beakon, senior negotiator at Brighton-based Bonnets Estate agents doesn't care either way...
"If people walk away because the fee is too big then that is fine with us if it is something that we do not want to deal with."
With record low numbers of properties on agents' books, you'd think they'd be more inclined for the business, non?
By guest blogger, Poppy Dinsey
You can understand the fear that agents are feeling at present.
'No Sale, No Fee' is not looking quite such a good deal for them is it? :-)
Pre-Paid advertising, virtual agents or online property services are looking strong though in my area at present.
I have started looking at a few in my blog, and trying to establish if they are working for people living in my area.
http://www.pocketproperty.co.uk
I want to find out if they are working for people in my area as opposed to the traditional agencies.
