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Estate agents' fees for selling a property can vary wildly.
In many parts of central London 2.5 per cent is a standard fee. However, I've seen agents advertising fees as low as 0.25 % 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 Courtneys 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 one thing we never compromise on is our commitment to looking after your property needs as if it were our own - that is the level of service you will find here!
If you are considering selling or letting your home, we can help! As your local Hackney estate agents based in Dalston we know the area and are here to support you. Please get in touch on 0207 275 8000 or email enq@courtneys-estates.com - we are here to offer our professional, friendly and expert advice.