Fees to Expect When Buying or Selling a Home

What Are Estate Agency Fees?

When selling your property, it is worth keeping in mind the fees that can very quickly add up. However, the charge which is usually one of the highest is the estate agent fee, which is normally set at a percentage of the house sale, plus VAT. The percentage can often look low, but in reality can carry a large financial burden and easily calculate at thousands of pounds.

 

The Average Estate Agent Fee?

According to getagent.co.uk, the average estate agent percentage fee is between 0.75% and 3% depending on where in the country you are based and also the value of your property. In some parts of London you can expect to pay an average of £9000 to sell your home.

 

Final sale price 1% commission

(including VAT)

3% commission

(including VAT)

£150,000 £1,800 £5,400
£200,000 £2,400 £7,200
£250,000 £3,000 £9,000
£350,000 £4,200 £12,600
£450,000 £5,400 £16,200
£500,000 £6,000 £18,000

 

The Fee at Spearhead?

Here at Spearhead, we don’t believe in changing the fee we charge depending on the size or location of your property. We charge 1 set fee of £1299 including VAT to offer you exactly the same level of service that any other great estate agent can. This means you can budget this from day 1, safe in the knowledge that we will not change it.

 

What’s the Difference Between a High Street Agent and Spearhead?

The short answer is absolutely nothing. We offer you the same, if not better, service than any other agent can. See below a few things you can expect:

  • Property Valuation
  • Detailed description and floorplans
  • Professional Photographs
  • Listing on major portals including Rightmove, Zoopla and PrimeLocation
  • Dedicated agent whose priority if getting you the price you deserve.

 

Open to Negotiation?

If an estate agent wants to charge you more than 2%, we would suggest you try to negotiate a lower rate. Whilst it is important to understand the amount of work that goes in to selling a property, it is also vital that you are not paying over the odds. Many people find negotiating awkward, but what is the worse that can happen…they refuse to lower the percentage and you find a different estate agent (possibly Spearhead!). Or, you end up saving thousands of pounds. WIN WIN.

High Street Agent or Online Agent?

Selling your property online is usually the cheaper option as we don’t have large rental overheads on offices and we can pass this saving on to you.

Whilst we truly believe that the high street agent will always have a place and many of them offer a great service (not necessarily value), we have created Spearhead to take the best qualities and pass on the savings. We are not an entirely online agency, you still get your dedicated agent who will be with you from start to finish, and always on hand to put your mind at rest. We understand the importance of having that personal touch which is why we make home visits the norm…meaning you don’t even have to leave the comfort of your home to receive the same great service!

 

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