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Have Fun with Estate Agents.....
MudRat:
--- Quote from: crazymac on November 18, 2008, 19:10:21 ---
--- Quote from: MudRat on November 18, 2008, 18:14:17 ---why do you think house prices are as high as they are? if estate agents were not on a commision basis, then all our mortgages would be lower!
--- End quote ---
I have to agree with that comment. You want to sell your house so you go to an estate agent and THEY value it! and advise you what to put in on for.
We considered putting our house up two years ago, one estate agent said £430,000!!! The realistic ones said £275,000
Its true, 3% of £300,000 is alot more than 3% of £250,000.
--- End quote ---
Boggert:
--- Quote from: MudRat on November 18, 2008, 18:14:17 ---why do you think house prices are as high as they are? if estate agents were not on a commision basis, then all our mortgages would be lower!
--- End quote ---
The comission the average estate agent gets from a house sale is 1.5% say it a £100,000 sale the company gets £1500 the agent then gets up to 6% of that if they are lucky...
You are mad to Pay 3% in the UK
So the Comission earned is £90 from that sale if it goes through.
The basic wage is crap... only the bosses make good money.
Now if you are in America you have to pay a 5-7 % listing feel and a 5-7 % selling fee... :shock:
Tell me how an agent makes his money if he is not allowed comission?????
We have it easy in the UK compared to overseas.
MudRat:
decent wages or find another job?
Boggert:
--- Quote from: MudRat on November 18, 2008, 19:19:44 ---decent wages or find another job?
--- End quote ---
Yeah but thats the thing if there is no comission there is no insentive to sell the houses.
MudRat:
apart from pride in your work etc
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