So exactly how much can you save?
You can save thousands of pounds by selling your home yourself and not paying commission to an estate agent.
This is very, very real money which most people simply cannot afford to lose.
The table below speaks for itself: |
|
Example
asking price |
2% estate agent
commission (inc. VAT) |
SAVING |
£200,000 |
£4,700 |
£4,700 |
£300,000 |
£7,050 |
£7,050 |
£500,000 |
£11,700 |
£11,700 |
£1,000,000 |
£23,500 |
£23,500 |
|
^
EITHER this goes into the estate agent’s pocket! |
^
OR this stays in your pocket! |
(Remember: www.MySaleAgreed.com is FREE – no commission or other fee)
It’s not surprising that more and more house sellers are choosing to sell privately without an estate agent. In return for some knowledge and effort, the savings can be huge.
But, in addition to the savings shown in the table, above, you also need to remember the following:- when considering the capital growth in the value of your property, an estate agent is effectively taking a % of the increase in your property’s value, not just a percentage of its current market value.
What do we mean by this? Let’s take an example: If you bought your property for £200,000 three years ago and then you sell it for £300,000, an estate agent who is charging a commission of 2% will (according to the table, above), take approximately £6,955 from your sale proceeds (i.e., 2% of £300,000).
That’s clear. However, that £6,955 actually represents nearly 7% of the £100,000 capital increase. Yes, you’re potentially losing 7% of the growth in your investment by paying it to an estate agent! Think about that. Think about it very carefully indeed.
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