When selling your property, what is the process for negotiating agents fees, asuming that they are negotiable.
What is the expected rate in Vic??
Yes looking at what we need to do to sell...
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Browse Forums Real Estate Re: Are agents fees negotiable 2Mar 12, 2008 11:51 pm Depends on the area a lot and the expected price range.
In Hampton Park / Cranbourne 3.3% inc GST is the round about rate. Rowville seems to be around 2.5%ish but there is some cost cutting going on down as low as 1.5% at the moment. Glen waverley/ Oakleigh seemes to be in and around the 2 to 2.5% mark Inner city is low to mid 1%'s but the rates there are extremely negotiable right at the moment. We signed up 2 apartments in Port Melbourne a few weeks ago for just under 1%. There are some fairly large performance based bonuses attached (ie the more they get for the house the higher their commission etc) but it works well for us if they dont get the numbers they want. The bottom line is don't be afraid to ask. We sold our last property in ROwville 14 months ago and only paid 2.2%.  Re: Are agents fees negotiable 3Mar 12, 2008 11:55 pm 100% negotiable.
and rember in good times the agents play hard ball, and in bad times they get desperate. Interview your agents like you''d interview a new employee. Sometimes it's better to pay a bit more in fees ie % and get a better person selling the house. Anything in the range of Matts above is what I've paid over the years, and heaps more before it was negotiable 
Steve Re: Are agents fees negotiable 4Mar 12, 2008 11:57 pm Oh yakky,
Go back to the early 1990's... 5% was the norm! Hope those days never come back Re: Are agents fees negotiable 6Mar 13, 2008 12:02 am  mattwalkerGlen waverley/ Oakleigh seemes to be in and around the 2 to 2.5% mark Spot on Matt, our old place was in Glen Waverley and we paid 2% Achieved an area record when we sold last year, that still stands, so all parties were happy!!!  Re: Are agents fees negotiable 8Mar 13, 2008 12:15 am  Yak_ChatPheonix, Quote: Achieved an area record when we sold last year, that still stands, so all parties were happy!!! What do they measure the record on? The highest price achieved on a house. Obviously not all of the suburb of Glen Waverley as there are $M homes there.... But we were happy with the result... Re: Are agents fees negotiable 10Mar 13, 2008 12:26 am Nope, just designated area on their map.
To give you an idea, our house was single storey, 30yo, 4 br and study, new 2 1/2 car garage, fully renovated, outdoor area, gardens done on a 684m2 block, nothing to do but enjoy!! Re: Are agents fees negotiable 13Mar 13, 2008 7:47 am Sorry guys,
Do you mean 2.5% of the sale price? ie: sell a house for $500k their fee will be $12.5K??? OMG thats worse than a car salesman!!!!
Still trying to understand it all before we talk to an agent. Paula  27 Aug 2007 663 Gold Member Re: Are agents fees negotiable 14Mar 13, 2008 8:42 am  PaulaSorry guys, Do you mean 2.5% of the sale price? ie: sell a house for $500k their fee will be $12.5K??? OMG thats worse than a car salesman!!!! Still trying to understand it all before we talk to an agent. Yep. Negotiate. As above, tell them the more they sell for, the more they get. If you don't like the answer they give you, go somewhere else. Plenty of agents around. Private sale maybe? You'll be up for a few grand in ads, and organise your own viewings, but you could save plenty moolah. 31 May 2007 1,041 Member Re: Are agents fees negotiable 16Mar 13, 2008 10:27 am Paula - we paid 2.75% including GST. That's pretty pricey by Sydney standards - you see some offering 1% comission - but we had a record price for our area - it was a unit.
Check out what is included in comission. A lot of companies may quote cheap comission but then add on every ad that runs in the paper, letterbox drops etc. Ours included everything - so listing on websites, in the local paper, sign out the front etc. A good agent should give you a realistic selling price range - ours said that if we agreed to sell for less than the quoted range - her service would be free. also check out this website: http://www.jenman.com.au/ Though some people haven't been happy with Jenman recommended agents - we were very satisfied. On preparing your home for sale - declutter, declutter, declutter! And polish your home until it shines/sparkles. After 4 years - we're in! Re: Are agents fees negotiable 17Mar 13, 2008 2:16 pm Thanks for that, we are preparing to meet with realestate agents in the coming weeks,
Quote: Check out what is included in comission. A lot of companies may quote cheap comission but then add on every ad that runs in the paper, letterbox drops etc. Ours included everything - so listing on websites, in the local paper, sign out the front etc. This is invaluable advise - thanks Paula 10 Aug 2007 251 Melbourne Silver Member Re: Are agents fees negotiable 18Mar 19, 2008 3:43 pm  **Phoenix**Nope, just designated area on their map. To give you an idea, our house was single storey, 30yo, 4 br and study, new 2 1/2 car garage, fully renovated, outdoor area, gardens done on a 684m2 block, nothing to do but enjoy!! OMG Phoenix - why would you want to sell THAT!
(if it's not too personal a question of course) eimaj 07 Apr 2008 10 Junior Member Re: Are agents fees negotiable 19Apr 07, 2008 3:30 pm Hi Paula,
just be careful trimming the agents comission too much, the old 'you get what you pay!' for comes to mind. As an ex agent i can see the other side, lets say your an agent and you have 20 properties on your books, all of them are listed at 3% commission except there are 2 listed at 1.5% commission, Agents are paid commissions based on fees coming into the office, which of those properties do you think would sell first and would have the most effort put in to? just a though, cheers, Troy Is it just a report written to give to the bank initially and it is based on what and how your payments are made up for, or is it a full service where they go out and… 2 2122 |
