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MrRobin
10th March 2008, 09:19
So a few years back I became a first time buyer (of property) and found a wealth of information and free advice for my situation on the net. Now I am about to be a first time seller and can't really find all that much unbiased and free info at my disposal. Since many of you are seasoned ladder climbers, could you give me a few pointers?

How much should I expect to pay in agent fees? (% or fixed?)
How much is a HIP & where do I get one?
Any good sellers guides you know of on the internet

Sorry for the noddy questions...

TIA

BrilloPad
10th March 2008, 09:21
So a few years back I became a first time buyer (of property) and found a wealth of information and free advice for my situation on the net. Now I am about to be a first time seller and can't really find all that much unbiased and free info at my disposal. Since many of you are seasoned ladder climbers, could you give me a few pointers?

How much should I expect to pay in agent fees? (% or fixed?)
How much is a HIP & where do I get one?
Any good sellers guides you know of on the internet

Sorry for the noddy questions...

TIA

In which area are you selling? agents fees and performance vary alot from area to area.

MrRobin
10th March 2008, 09:23
Selling in Somerset. Property is worth around £150k

Churchill
10th March 2008, 09:28
Selling in Somerset. Property is worth around £150k

A veritable palace. I'll do you a straight swap for my garage here in Cambridge.

miffy
10th March 2008, 09:29
How much should I expect to pay in agent fees? (% or fixed?)

Does depend on the estate agency. When I sold my previous house (4 years ago) the first wanted 1% and the other 1.5%. I went with the cheapest.


How much is a HIP & where do I get one?

Good question! The local estate agency where I live are advertising free HIPS, I'd ask the estate agency after you've had your place valued. Get at least three agents round.


Any good sellers guides you know of on the internet

Not really, I'd always use an agency that seems to sell properties in my local area (they differ a lot). Next time you're in the car look out for SOLD boards and note the agent. I'd always use one that advertises on rightmove though.

sasguru
10th March 2008, 09:36
So a few years back I became a first time buyer (of property) and found a wealth of information and free advice for my situation on the net. Now I am about to be a first time seller and can't really find all that much unbiased and free info at my disposal. Since many of you are seasoned ladder climbers, could you give me a few pointers?

How much should I expect to pay in agent fees? (% or fixed?)
How much is a HIP & where do I get one?
Any good sellers guides you know of on the internet

Sorry for the noddy questions...

TIA

Agency fees vary from 1% to 2.5% (in London)
HIPS are a standard fee irrespective of the size of the property- approx £400 if you pay right now or the deferred option is £450.
Don't know of any sellers guides, but there's nowt to it, your solicitor should be able to advise.

oracleslave
10th March 2008, 09:37
A veritable palace. I'll do you a straight swap for my garage here in Cambridge.

I'll let you trade that up for my London garden shed.

Churchill
10th March 2008, 09:39
I'll let you trade that up for my London garden shed.

Deal!!

I was only expecting a rabbit hutch for that kinda cash!

Are you "North or South of the River"?

Coz RRH reckons Sarf of the river is pooh!

sasguru
10th March 2008, 09:40
I'll let you trade that up for my London garden shed.

And where will you store the guns and knives that you need to defend yourself in big bad London, eh?

oracleslave
10th March 2008, 09:41
Deal!!

I was only expecting a rabbit hutch for that kinda cash!

Are you "North or South of the River"?

Coz RRH reckons Sarf of the river is pooh!

Down Sarf. But if you're taking real estate advice from RRH then I may have to renege as you wouldn't be fit to live down here.

oracleslave
10th March 2008, 09:42
And where will you store the guns and knives that you need to defend yourself in big bad London, eh?

I just :hug: hoodies

David

Churchill
10th March 2008, 09:44
Down Sarf. But if you're taking real estate advice from RRH then I may have to renege as you wouldn't be fit to live down here.

Well, I got a PM from Jonners this morning saying he wasn't the tit who faked his own death.

He does look identical though.

He must be a Doppelwanka! That's the term I believe...

Lockhouse
10th March 2008, 10:04
I'm currently paying just under 1.5% for the agent to sell my property. It's leasehold so you have to spend a little more on the HIP. IIRC mine's around £600ish. A solicitor will compile one for you.

Private message me if you want my solicitor's details, she's a property specialist and HIP expert, very reliable and very good value.

Moscow Mule
10th March 2008, 10:21
You shouldn't really be paying more that 1/1.25% in the current market - agents are desperate for stock.

You should also read the contract very carefully. Nasty estate agent tricks include;

1) Tie in (sole agent)period for 8 or more weeks.
2) You having to pay before completion/on exchange.
3) Tying you to/suggesting a solicitor in their pocket.

If you were happy with the service from the solicitor you used to buy the place, go with them again. They may even offer a discount for repeat business.

ratewhore
10th March 2008, 10:34
A veritable palace. I'll do you a straight swap for my garage here in Cambridge.

I wouldn't bother. It'll be under water sometime this week...


HTH

MrRobin
10th March 2008, 10:59
Thanks for all the tips. I was expecting about 1% so hopefully can get that with a bit of haggling.

I certainly wasn't happy with the solicitor when moving in so atleast that's one to strike off the list.

Sockpuppet
10th March 2008, 12:03
[QUOTE=Lockhouse;483704]HIP expertQUOTE]


How the hell can anyone be a "HIP expert" they haven't been around for long enough.

Richard

tim123
10th March 2008, 12:43
Agency fees vary from 1% to 2.5% (in London)
HIPS are a standard fee irrespective of the size of the property- approx £400 if you pay right now or the deferred option is £450.
.

Or you can DIY for less.

You don't need to pay some numpty to put together a pack of details obtained from someone else, you can do the "putting together" bit yourself.

Though I found some people offering a HIP for as low as 269. Quite how they can do this I don't know, some LAs charge that much just for their local search.

tim

Lockhouse
10th March 2008, 14:01
How the hell can anyone be a "HIP expert" they haven't been around for long enough.

Richard

She's obviously modelled her blurb on your CV.

Bagpuss
10th March 2008, 15:07
So a few years back I became a first time buyer (of property) and found a wealth of information and free advice for my situation on the net. Now I am about to be a first time seller and can't really find all that much unbiased and free info at my disposal. Since many of you are seasoned ladder climbers, could you give me a few pointers?

How much should I expect to pay in agent fees? (% or fixed?)
How much is a HIP & where do I get one?
Any good sellers guides you know of on the internet

Sorry for the noddy questions...

TIA

There is little need for an agent these days, all they do is answer the queries from the people who search on rightmove etc. Estate agents are mainly cowboys. So why not use http://www.houseweb.co.uk/house/sell/view.html

Sockpuppet
10th March 2008, 15:09
She's obviously modelled her blurb on your CV.

:laugh

It not my falult I'm the rain man of logistics design.

MrRobin
10th March 2008, 15:15
I did think about a private listing and avoiding the estate agents (like I have to deal with enough agents as it is!!) but both of us work full time, me away from home during the week and her often doing silly hours so it just isn't practical.

Ta for the suggestion tho.

miffy
10th March 2008, 16:49
:laugh

It not my falult I'm the rain man of logistics design.

I hope you have more on your CV other than I'm an excellent driver... :wink