{"id":575,"date":"2022-05-17T21:37:43","date_gmt":"2022-05-17T21:37:43","guid":{"rendered":"https:\/\/springbokproperties.co.uk\/blog\/?p=575"},"modified":"2025-12-08T12:27:01","modified_gmt":"2025-12-08T12:27:01","slug":"estate-agent-selling-fees-2022-guide","status":"publish","type":"post","link":"https:\/\/www.springbokproperties.co.uk\/blog\/estate-agent-selling-fees-2022-guide","title":{"rendered":"Estate agent selling fees: 2024 guide"},"content":{"rendered":"<h2><strong>Explaining estate agent fees (and how you can avoid paying them) <\/strong><\/h2>\n<p>When you\u2019re selling your home, you could find that there are all sorts of charges and fees applied at every stage. We\u2019re here to help explain the typical fees that you might encounter, inform you about things to look for, and tell you how you can avoid paying estate agent fees.<\/p>\n<p>Let\u2019s get started\u2026<\/p>\n<h2><strong>What exactly are estate agent fees?<\/strong><\/h2>\n<p>This might appear to be a basic question, but it\u2019s an important one. After all, you\u2019ll want to know about the services for which you\u2019ll be paying.<\/p>\n<p>A lot of high street agents work on a commission basis. What this means for you as a seller is that you\u2019ll need to pay to the agent a percentage of the final sale price.<\/p>\n<p>That means you\u2019ll pay them an amount of the final sale price of your property, typically around 1%; although it can be up to 3%. At 1%, the fee you\u2019d pay for a property valued at \u00a3179,950 is \u00a31,795. At 3%, that would rise to \u00a35,385. It\u2019s going to be a significant amount of money \u2013 whatever the sale price of your property \u2013 so is worth keeping in mind.<\/p>\n<p>A fee structure that is based on commission will give the estate agent an incentive to sell your property for more money. Then again, they may get greedy, and the result is that your property stays on the market and does not get sold.<\/p>\n<p>An alternative is the fixed-fee pricing model. The benefit of this for you as a seller is that you\u2019ll know exactly how much you\u2019ll be charged. The downside is that the agent may feel that they\u2019ve done all the work for your fee and not put in the extra effort to sell your property because they won\u2019t gain any more money. It&#8217;s therefore important to understand not only the fee amount, but also the model that is used by the estate agent you\u2019re considering.<\/p>\n<p>If the agent does use a fixed fee model, you\u2019ll usually have the option of paying upon completion of the house sale or paying before the property has been listed. Naturally, the second option may not be ideal if you need the cash from the house to pay for it to be sold. Also, paying before the property has been listed could prove to be expensive if your house does not sell at all.<\/p>\n<p>It is usual for your solicitor to take out the cost of your estate agent fees when your house sale completes, so although you won\u2019t actually see the transaction come out of your bank account, it is a big cost that cannot be overlooked when you\u2019re calculating your finances.<\/p>\n<h2><strong>Can you tell me what the estate agent fee includes? <\/strong><\/h2>\n<p>Knowing what you\u2019re getting for your money makes it easier to understand the fees that are being charged. When you sign up with an estate agent, you\u2019ll receive a contract that details all the jobs that they will do on your behalf. Typically, you can expect the estate agent\u2019s fee to include:<\/p>\n<ol>\n<li>Valuing your property (based on their research and knowledge of the local market, sale trends and price history)<\/li>\n<li>Taking high-quality photographs<\/li>\n<li>Creating floorplans<\/li>\n<li>Creating an advert for your home, including writing an informative description<\/li>\n<li>Responding to enquiries and organising viewings<\/li>\n<li>Installing a \u2018for sale\u2019 sign at your property<\/li>\n<li>Conducting viewings<\/li>\n<li>Sourcing a buyer from their own contacts of previously interested parties<\/li>\n<li>Marketing your property on internet portals (such as Rightmove)<\/li>\n<li>Negotiating with buyers<\/li>\n<li>Conversing with solicitors<\/li>\n<li>Operating costs (such as their business overheads and fuel)<\/li>\n<\/ol>\n<p>It\u2019s common for estate agents to ask you to sign a contract that ties you into listing your property exclusively with them for a minimum time period. You\u2019ll need to check this because you could find there are additional fees to pay if your circumstances change and you decide not to sell.<\/p>\n<p>Whether the agent you choose is an online agent or a high street agent, it is usual for them to have a clause in their contract about withdrawing your property from the market mid-contract. If, for whatever reason, you do have to withdraw your property from the market, the potential costs are:<\/p>\n<ul>\n<li>You will be asked to cover the costs incurred by the agent during the period that your property was on the market. These will be marketing and admin costs<\/li>\n<li>You will need to repay some or all of the agent&#8217;s commission for the sale<\/li>\n<\/ul>\n<p>In some cases, an agent may attempt to charge you a withdrawal fee and then claim it against future business. What this means is that although you didn\u2019t sell with them this time, they\u2019re trying to ensure that you\u2019ll go back to them when you sell in the future.<\/p>\n<p>There are different types of contracts\u00a0typically used by estate agents and these are the most common:<\/p>\n<ul>\n<li>Sole selling rights\u00a0\u2013 If your contract gives the agent sole selling rights, it means that they are the only one\u00a0allowed to sell your home during the period stipulated<\/li>\n<li>Multi agency\u00a0\u2013 Having this in the contract means that you\u2019ll be able to use as many agents as you choose and only pay commission to the one that sells your property<\/li>\n<li>Sole agency\u00a0\u2013\u00a0This is similar to the previously mentioned \u2018sole selling rights\u2019 but there is a difference. If you find your own buyer, you won\u2019t have to pay anything to the estate agent<\/li>\n<\/ul>\n<p>It\u2019s always best to clarify these details to make sure you\u2019re not breaking the terms of your contract.<\/p>\n<h2><strong>Are there hidden fees of which I should be aware? <\/strong><\/h2>\n<p>Absolutely! Not all agents are the same so some may charge you extra for services that you would expect to be included.<\/p>\n<p>We\u2019ve previously mentioned the pricing structures that are in place, but it\u2019s important to check if the quote includes VAT. Discovering afterwards that the quote was excluding VAT could be a shock that costs you more than you were expecting.<\/p>\n<p>In addition, you\u2019ll likely need an EPC in order to sell your property so that you\u2019re following government legislation. If your agent isn\u2019t including the EPC, this could be an extra cost to you of around \u00a3110. However, it\u2019s worth remembering that EPCs are valid for 10 years, so if yours is still in date, you can make a saving by not having to renew it.<\/p>\n<p>If your agent uses so-called \u2018featured\u2019 or \u2018premium\u2019 listings on the property portals, you may incur another fee. On average, these cost \u00a3125 and although they\u2019re neither essential nor necessary, your agent might think that using this option will help to get your property a lot of attention and stand out, so as to garner increased interest and viewings.<\/p>\n<p>Connected to this point is something called an \u2018enhanced marketing package\u2019. It might include virtual tours, drone photography and large listings in local newspapers. As with the \u2018premium listing\u2019, it isn\u2019t strictly necessary, but you may decide that it\u2019ll aid the sale of your property. Find out the full costs though before you sign on the dotted line.<\/p>\n<p>Another hidden fee is the withdrawal fee. We mentioned earlier that it\u2019s usual for an estate agent\u2019s contract to ask you to sign up for a fixed period, and whether the agent you choose is an online agent or a high street agent, it is common for them to have a clause in their contract about withdrawing your property from the market mid-contract. If, for whatever reason, you do have to withdraw your property from the market, the potential costs are:<\/p>\n<ul>\n<li>You will be asked to cover the costs incurred by the agent during the period that your property was on the market. These will be marketing and admin costs<\/li>\n<li>You will need to repay some or all of the agent&#8217;s commission for the sale<\/li>\n<\/ul>\n<h2><strong>Are online agents cheaper than high street agents? <\/strong><\/h2>\n<p>Online estate agents will usually offer you a one-off fixed fee without commission, but you\u2019ll pay that whether your home sells or not. The expectation is that an online agent will be better value than a high street agent because it doesn\u2019t have the same overheads. However, although there might be a low-cost price advertised, there can be additional fees for viewings, premium listings, photography and floor plans. All this means that it\u2019s not always great value after all.<\/p>\n<h2><strong>What about the \u2018no sale, no fee\u2019 agents? <\/strong><\/h2>\n<p>You\u2019ve probably seen adverts for \u2018no sale, no fee\u2019 companies offering to sell your home. Fact is, they are a business, not a charity, and as such they\u2019ll want their fee. It\u2019ll likely be a fixed fee and one that they will get no matter what the final sale price is for your property. As such, they could sell your home for a low price but you\u2019d still have to pay their fee because they\u2019ve done what was requested; sell your property.<\/p>\n<p>It\u2019s also worth keeping in mind that agents using a \u2018no sale, no fee\u2019 model will usually have a clause in their contract that states you have to pay a substantial withdrawal fee if the contract is terminated. This means you\u2019ll be tied to that particular agent, so do your research.<\/p>\n<h2><strong>Can I negotiate the estate agent\u2019s fees? <\/strong><\/h2>\n<p>It\u2019s always worth asking if there\u2019s a deal that can be made. Online agents are unlikely to enter into a conversation about lower fees because they usually have a rigid fee model in place, but high street agents could be open to talking so that you get a better deal. This is more likely if you have a highly desirable property and live in a sought-after area.<\/p>\n<p>Obtaining quotes from a number of different agents and comparing their services will enable you to make comparisons and you could find that one agent will price match another agent on a like-for-like basis.<\/p>\n<h2><strong>How can I avoid paying estate agent fees when I sell my home? <\/strong><\/h2>\n<p>Fortunately, there are a number of methods available that will help you to avoid paying estate agent fees when you\u2019re selling a property. Here are some for you to consider\u2026<\/p>\n<h2><strong>How to avoid estate agent fees \u2013 do it yourself<\/strong><\/h2>\n<p>The first is the DIY method. Selling your property on your own means taking your own photos, writing an advert, advertising on the big website portals, hosting viewings by yourself, handling all the paperwork and speaking with conveyancers.<\/p>\n<h2><strong>How to avoid estate agent fees \u2013 auction<\/strong><\/h2>\n<p>Alternatively, you might want to use an auction to sell your home because almost any property can (and usually does) sell at an auction.<\/p>\n<p>Auctions encourage competitive bidding, frequently pushing the price higher, and you&#8217;re not obliged to accept any bid below your reserve price. Modern auctions are typically handled online and come in three forms:<\/p>\n<h3><strong>Traditional auctions<\/strong><\/h3>\n<p>The most secure and quickest way to sell is the traditional auction. Before the auction, your agent or solicitor provides a legal pack that includes everything a buyer needs to exchange contracts. The buyers do their due diligence in the run-up to the auction, then they\u2019ll bid and contracts are exchanged when the gavel falls.<\/p>\n<p>The buyer is legally bound to buy your property from that moment and usually has 28 days to complete.<\/p>\n<h3><strong>Flexible auctions<\/strong><\/h3>\n<p>The modern version of the traditional auction takes a step back from the well-known \u2018going, going, gone\u2019 approach. Contracts aren&#8217;t exchanged when the gavel falls. Instead, the winning buyer pays a non-refundable deposit (often called a \u2018holding fee\u2019, \u2018reservation fee\u2019 or similar) to secure the sale. They get a fixed period (usually 28 days) to exchange contracts and then a second period to complete. Sellers don&#8217;t need a legal pack as the buyer has time to do due diligence in the first period.<\/p>\n<p>Although it&#8217;s often called a \u2018modern\u2019 option, flexible auctions have been around for a long time and have grown in popularity because they work well online. Bidders can be anywhere in the world and the auction is usually held over a period of time (such as 14-21 days) instead of having to be in an auction room on a specific day.<\/p>\n<h3><strong>Buyer-friendly auctions<\/strong><\/h3>\n<p>Traditional and modern auctions both put the fee burden on the buyer. Sellers pay nothing because the auction fees and reservation costs all come out of the buyer&#8217;s pot. As a model, this can limit the number of interested buyers; especially first-time buyers who discover there are additional payments to make.<\/p>\n<p>Similar to the flexible auction, buyer-friendly auctions go a step further by being extra-flexible on completion times and moving the fees to the seller. While that may sound like it won\u2019t work in your best interest, the flexible deadlines mean most buyers can participate. The \u2018zero fee\u2019 for buyers means there\u2019s a greater number of interested people and that will push up your sale price.<\/p>\n<p>It\u2019s important to do plenty of research beforehand because auction fees could actually work out to be more expensive than estate agent fees, when you consider marketing costs, auctioneer commission fee, and legal fees too.<\/p>\n<h2><strong>How to avoid estate agent fees \u2013 assisted sale<\/strong><\/h2>\n<p>An assisted sale is specifically designed for homeowners who want to sell but whose property needs work and refurbishment. It&#8217;s especially good for people with second properties, or if you&#8217;re moving into rented accommodation.<\/p>\n<p>With an assisted sale, you sell your property to a company for a fixed, guaranteed amount. When the deal has been done, you keep ownership on paper and the company markets the property for sale (using a Power of Attorney).<\/p>\n<p>The difference here is that the company pays the running costs for the property until it sells to a new owner, without it affecting your agreed sale price. They will pay legal and estate agency costs, maintenance and service charges, ground rent, utility bills, insurance and council tax; even your mortgage payments. An assisted sale is just like selling your house in the traditional way but it&#8217;s quicker and simpler. This could be a great benefit to you if you are having trouble selling your house.<\/p>\n<h2><strong>How to avoid estate agent fees \u2013 part exchange<\/strong><\/h2>\n<p>Part exchange isn&#8217;t a new idea, even in the property sector. In fact, builders have been doing it for years. They take your old house as part-payment on a new build, reducing the price and giving you a guaranteed sale so you&#8217;re not stuck in a chain.<\/p>\n<p>The advantages of this option of selling your house are numerous. You\u2019ll have a guaranteed buyer, so there&#8217;s no fear that your sale is going to fall through. And with no chain, there\u2019s no delay. If your dream-home purchase gets delayed, you can often stay where you are until it&#8217;s sorted. If the absolute worst happens and your purchase should somehow fall through, you keep your current property so there\u2019s no worry about being homeless (although this isn\u2019t the outcome you want if you\u2019re trying to sell). Also, because you know exactly how much you&#8217;ll be getting for your house, you can act like a cash buyer and push for discounts or tight deadlines on your new home.<\/p>\n<p>Whilst you\u2019re able to guarantee yourself a sale for your property in exchange for money off a new build property, it\u2019s not to say that a part exchange scheme doesn\u2019t have it\u2019s own flaws. Not all properties will be suitable for part exchange, with developers having strict criteria about the properties they want.<\/p>\n<h2><strong>How to avoid estate agent fees \u2013 cash buying company<\/strong><\/h2>\n<p>A way to sell your home without paying estate agent fees is to use a cash buying company. A cash buying company is a property buying business that will quickly buy your home. The result is that you can <a href=\"https:\/\/springbokproperties.co.uk\/sell-house-fast\">sell your house fast<\/a> without the hassle you\u2019d have if you sold to a private buyer that is in a chain, and because they\u2019ll often be using their own money, no time is wasted sorting out mortgages and they won\u2019t be in a chain so the sale should be straightforward.<\/p>\n<p>Cash buyers also work with motivated sellers to push through a fast sale. Their promotional tools are speed and simplicity. Their job is to buy properties that are either difficult to sell or whose owners need cash in their bank account very quickly.<\/p>\n<p>To achieve these super-fast sales, a seller will have to take a hit on the price. Cash buyers typically offer around 70% to 80% of the current market rate.<\/p>\n<p>For your own security, check that the company is a member of the National Association of Property Buyers (NAPB) and The Property Ombudsman. This will give you independent help if there\u2019s a dispute and also means that they have to abide by a code of conduct.<\/p>\n<p>Get everything in writing, for extra peace of mind. This way, you can recheck any details and you\u2019ll have evidence of the price that was offered to you for your property. And on that topic, make sure that the offer they give you for your property is fixed. It\u2019s not uncommon for some less scrupulous companies to reduce their offer at the last minute, leaving you with little choice but to accept.<\/p>\n<p>Also, there are some \u2018one man bands\u2019 that pretend to be cash buying companies. The risk you face with these are only having one person to deal with enquiries, viewings, and completions; instead of a team dedicated to each stage as you\u2019d get with the larger cash buying companies. And, if you are dealing with a \u2018one man band\u2019, there\u2019s a risk that they won\u2019t have the money they\u2019re offering to you. If they do have the funds, it could be that they\u2019re sorting out a loan or mortgage. At the very worst, they may not have any capital and are trying to exploit homeowners that are trying to quickly release some equity. Wading through all of this takes time and holds up your sale; not what you need when you want a quick sale.<\/p>\n<p>Having said all that, a reputable cash buyer can be a life saver in a tough situation and, as long as you have done your due diligence to fully understand the company with which you\u2019re dealing, a cash buyer can produce astounding results for you.<\/p>\n<h4><strong>Any questions?<\/strong><\/h4>\n<p>We hope this article has helped you to understand more about estate agent fees, the hidden fees, and methods for selling your home that mean you don\u2019t have to pay estate agent fees. If you have any questions about selling your property, we\u2019ll be happy to have a chat. Contact us to find out what we can do for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explaining estate agent fees (and how you can avoid paying them) When you\u2019re selling your home, you could find that there are all sorts of charges and fees applied at every stage. We\u2019re here to help explain the typical fees that you might encounter, inform you about things to look for, and tell you how &hellip; <a href=\"https:\/\/www.springbokproperties.co.uk\/blog\/estate-agent-selling-fees-2022-guide\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Estate agent selling fees: 2024 guide&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[52],"class_list":["post-575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-selling","tag-estate-agent-selling-fees"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Estate agent selling fees: 2024 guide | Springbok Properties Official Blog<\/title>\n<meta name=\"description\" content=\"Discover expert guidance on estate agent selling fees 2025 guide. 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