Estate Agent Commission
Estate Agent Commission
Estate Agent Commission
Recently some people have begun to complain about having to pay estate agents commission. This is due in part to the awful service that has been given by a small minority of estate agents. There has also been a number of websites that have advertised the "benefit" of a property owner selling their property themselves.
Whilst it's true that it is possible to sell a property privately if taken up by the masses there's a large chance that it would be a disaster. Estate agents have developed over the years and know their industry inside out, the reason they have become so established over the years is because buying and selling property is not the simplest of business. It's a little bit like deciding not to go to a doctor if you were ill or to representing yourself in court; these may seem like extreme examples but for people who made mistakes in buying or selling property themselves it would seem just as serious.
We consult with professionals because they have trained in their chosen field and often have years of experience. There job is to assist us and we trust in their ability to guide us.
Estate agent commission charges vary between different agencies, and some people feel they are too high. Franchises often charge 7.5% of the purchase price, while independent estate agents vary anywhere between 3% - 6%. When an agent works for a franchise, they must share their commission with the agency and if not for the high percentage, would not earn enough money to survive. Independent agents do not have this expense and can therefore afford to lower their commissions.
It seems to have been popular in recent years for the media and public to ostracise estate agents and make them out to be villainous. Estate agents are people doing a job to earn a living like so many others, if a customer attempts to get out of paying commission when it has been earned by an agent it's equivalent to an employer telling a salesman at the end of the month, that they won't be paid any commission they have earned and their salary won't be paid.
So when buying or selling a property use an estate agent but ensure they are experienced and properly qualified. For an experienced and trusted estate agent in Bath visit Apple Estates
Recently some people have begun to complain about having to pay estate agents commission. This is due in part to the awful service that has been given by a small minority of estate agents. There has also been a number of websites that have advertised the "benefit" of a property owner selling their property themselves.
Whilst it's true that it is possible to sell a property privately if taken up by the masses there's a large chance that it would be a disaster. Estate agents have developed over the years and know their industry inside out, the reason they have become so established over the years is because buying and selling property is not the simplest of business. It's a little bit like deciding not to go to a doctor if you were ill or to representing yourself in court; these may seem like extreme examples but for people who made mistakes in buying or selling property themselves it would seem just as serious.
We consult with professionals because they have trained in their chosen field and often have years of experience. There job is to assist us and we trust in their ability to guide us.
Estate agent commission charges vary between different agencies, and some people feel they are too high. Franchises often charge 7.5% of the purchase price, while independent estate agents vary anywhere between 3% - 6%. When an agent works for a franchise, they must share their commission with the agency and if not for the high percentage, would not earn enough money to survive. Independent agents do not have this expense and can therefore afford to lower their commissions.
It seems to have been popular in recent years for the media and public to ostracise estate agents and make them out to be villainous. Estate agents are people doing a job to earn a living like so many others, if a customer attempts to get out of paying commission when it has been earned by an agent it's equivalent to an employer telling a salesman at the end of the month, that they won't be paid any commission they have earned and their salary won't be paid.
So when buying or selling a property use an estate agent but ensure they are experienced and properly qualified.
Visit Estate Agents in Bath for more advice on buying or selling property in the South West of England
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