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4 Quick Tips To Negotiate The Fees With Your Estate Agents In E10

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4 Quick Tips To Negotiate The Fees With Your Estate Agents In E10

Presented By: Central Estate Agents


Both buying and selling a property is no doubt a daunting job, and one who can help you with both is an estate agent. Having adequate knowledge about the real estate market they can help to make the process of buying and selling smooth. But if you are afraid to approach them because of the high price charged by them, have a look at the slides that follow.

Points To Keep In Mind
  • Not every established broker having a good share of the real estate market offer the best deal.
  • Have a face-to-face chat with numerous brokers, since it is hard for you to negotiate the fees with someone you feel uncomfortable.
  • Stay away from brokers having small prints in their terms of business as it may cause additional cost.
How To Prepare For The Negotiation
  • Most of the Estate Agents in E10 charges an approx fee of 2% +VAT. You can negotiate the fee to around 1%.
  • For a property priced at £500,000, you can bring down the price to around 0.75% +VAT.
  • Sellers can present their house well and quote a realistic selling price, as brokers find selling such properties easy.
Tips To Perform The Negotiation Efficiently
  • Keep your nerve and stay strong about your position while negotiating. Never leave this discussion for the end when the focus of the broker is on the commission.
  • After they declare the fee, feel surprised and shake your head as if you are disapproving. See their reaction and accordingly start your negotiation.
Exceptions To Negotiation
  • Brokers working professionally are hard to negotiate with, as compared to independent small brokers.
  • Professional brokers following strict policies have fixed commission level which clients have to adhere by.
Why Negotiating Is Profitable?

Studies have shown a little negotiation can help a great deal in bringing down the price considerably. Not only do you need estate agents, but they also need you equally. Though their fees might be a bit piled up, the few tips stated above can help you to save much!

Central Estate Agents

179 Hoe Street


E17 3AP

Sales: 0208 520 0033

Lettings: 0208 520 0077

Email: [email protected]