Fee flexibility is about controlling one’s register and local competition, the very opposite of a cartel. No, I’m happy where I’m at. With over 15 years of experience in residential property journalism, Graham is currently the editor for both Estate Agent Today and Letting Agent Today.
If I visit a website where fees aren’t displayed, any website, I smell an overpriced rat. Rightmove or zoopla: which one is best for you? Has anyone reported tepilo purplebricks emoov etc to the ASA? We will never pass on your information to any third party and our advertising clients will never have access to your information.
Selling a property with a help to buy loan. https://www.hatched.co.uk/about/the-blog-article.asp?ref=26.
That is the point being made. It therefore stands to reason that agents (both the high street and online variety) should advertise fees and prices inclusive of VAT – and do so wherever they advertise, whether in print or online. Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription.
A property advertising manager for one local newspaper group tells us that he has to have constant conversations with his agent advertisers about the need to show prices that include VAT.
Its all fudging of figures and hiding the price. This is why we require daily newsletter subscribers to also kindly accept the receipt of the email marketing from us. We can also sort out your property surveyor and removal company to complete the selling and moving house experience. (By entering your email address above you will be signed up to receive our daily newsletter emails plus email marketing via Property Industry Eye from our advertising clients. Don’t get me wrong, I am with you on the transparency thing, my point is what is wrong with “Plus VAT at 20%” being displayed? Using a low fee as a selling point and including in it advertising is the beginning of the end for the high street. (By entering your email address above you will be signed up to receive our daily newsletter emails plus email marketing via Property Industry Eye from our advertising clients.
Did you really just write that?
So, Harree, from that may I just ask why you are seemingly happee (sorree – couldn’t resist…) to be a middle runner? The Department for Business, Energy & Industrial Strategy data shows that 66% of sellers sold through an estate agent who charged a commission percentage as their fee, whereas 18% opted for a fixed price service.
Sarah Beeny’s Tepilo does not include VAT. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.
We will never pass on your information to any third party and our advertising clients will never have access to your information. Haway, Harree – get ya bliddy finger oot… they’re not geet hard questions or owt and yer lukkin like a wassock, man! Although i agree more transparency is needed the public are partially to blame, where we live in a throw away society alot of them are only interested in ‘cheap’ even if it does not fit their requirements. If a customer doesn’t like what they see they can go elsewhere…simple. By continuing, you agree to receive cookies on our website. It says of its prices that they all are subject to VAT, making her a potential high-profile case for the advertising watchdog. We’d be interested in your feedback. It would appear that some agents including Purplebricks – which at the weekend was showing on its site as costing sellers £665 plus VAT, as below – will have to amend their adverts.
This is why we require daily newsletter subscribers to also kindly accept the receipt of the email marketing from us. I have to say your numbers in 2012 were all over the shop and I still haven’t worked out how you could possibly average save vendors £4000 when the average commission at the time was £2500.
Your details will only be used to send you the above emails. You can incentivise your agent, offering a higher percentage commission if they sell quickly (say, within six weeks), with the commission level diminishing as time goes on. Many traditional estate agents will require payment only once they’ve sold your house. ONLY when a Fee is at a 'Fixed Rate', does it state that this should be given on a VAT-inclusive basis. They hire a local property expert to arrange viewings, take photographs and negotiate offers.
If the date of sale was before 1 April 2018, then Vat on the commission should remain at 14%, because the service was supplied before the Vat rate …
(Last updated on 23rd Oct 2020) If you are using more than one estate agent to sell your house, this is known as a ‘multi agency’. With those Agents who offer upfront Fees, of course, it IS possible to provide a VAT-inclusive figure… tut tut to those onlinies that aren't… ;o).
The average estate agent fee for selling a house is £2,765. Flat rate fees should also be adjusted to include VAT. The average estate agent fee for selling a house is £2,765.This is based on the average UK house price of £234,790, as of January 2020. Typically, this is a non-refundable fee paid up-front when your property is first listed by the online agent on property portals. Your details will only be used to send you the above emails.
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