10 min Read
07 Jun 2017

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

More about Damien

Estate agent comparison tool: Find the best & cheapest local agent in seconds

Compare local estates agent and find the one that will sell your house the quickest and with the cheapest fees

 

 

How to get the best and cheapest estate agent in your area

When you are looking to sell your property it is vital that you use the estate agent most likely to sell your property, secure the best price for it but also charge the lowest estate agent fee.

In the past it was very difficult to compare estate agents' fees for selling your property as the information you needed was not publicly available. To compare estate agent fees and their service you need to know:

  • How many properties of your type have they have sold recently
  • How quickly these properties were sold
  • Whether they achieved the asking price or a higher/lower amount
  • How these figures compare with other agents in your area

To solve this problem we have partnered with Getagent.co.uk to present the above tool which gives you access to a searchable database providing the information you need to compare estate agents.

How to compare estate agent fees online

  • Start by putting the postcode of your property in the tool above.
  • Once you have entered your postcode you are then need to provide the number of bedrooms in the property
  • Provide the estimated current value of the property
  • When you are likely to require the services of an estate agent (there is a 'not selling now' option)
  • Once you have entered the above information you will be provided with the top 3 estate agents in your area using the following criteria:
    • average selling time and whether this is faster than the average estate agent in your area
    • properties listed in the last 6 months within 1km of your property which gives you an indication of how experienced the agent is in your area
    • asking price agreed as a percentage of the original asking price which indicates whether the agent is overpricing properties just to get the instruction

You can then take further action, if you choose, by obtaining no-obligation quotes from selected estate agents on the fees they would charge for selling your property.

How much are estate agents fees generally?

Traditional offline estate agents are unlikely to quote a fee for selling you property over the phone so it is difficult to make an estate agent selling fee comparison without arranging a valuation appointment. On the other hand, online estate agents tend to quote fees on their websites. But remember that they will quote lower fees as that is their main selling point.

The above tool is a simple and effective way to narrow down the choice of local estate agents to 3 or 4  based on cost. This will give you an idea of estate agent fees you might have to pay. You can then decide to arrange valuation appointments to understand how each estate agent would market your property and compare estate agent fees for selling a house.

Once you've run the tool, if you click on the 'Get Quotes' button you will be asked to enter some basic contact details so that your chosen estate agents (I recommend you choose 3 agents) can contact you and arrange a valuation appointment.

Free property valuation tool - Useful to check an agent's valuation

GETAGENT.co.uk also provide a free property valuation tool above is an online property valuation option. Simply enter you postcode of your property together with the number of bedrooms and you will then be presented with photographs of actual properties. You will then be asked to decide whether each property shown is worth less, the same or more than your property. At the end you will be given an estimated value of your property. This will be very useful to compare with the valuations provided by your chosen estate agents to see if they are overvaluing your property just to obtain your instruction.

Who is the cheapest estate agent?

As with everything in life you tend to get what you pay for and this also applies to estate agent fees. If an estate agent offers a low fee this may be because they are desperate for the instruction as they are poor at selling houses. Always ask an estate agent to give you examples of properties sold recently in your area and then you can see if they deliver results regardless of the fee quoted.

Are estate agent fees negotiable?

Estate agent fees are always negotiable, the more marketable your property the lower the fee you can expect to pay. You can also lower the fee charged by giving one estate agent the sole selling rights to market your property. If you give your instruction to more than one agent then the fees charged could rise from around 1.5% to 2.5% of the selling price of your property, this can add thousands to the cost of moving.

How to find out who is the best estate agent in your area?

In simple terms the best estate agent in your area is the one who sells your house in the quickest possible time at the lowest possible fee.

The best way to find out who are the best estate agents in your area is to use the free tool at the top of the article. Enter your postcode in the space provided and answer a few questions and you will be provided information where you can compare estate agents on three criteria – average selling time, number of properties listed & price sold compared with original asking price

How to find out which estate agent will sell your house the quickest?

Once you have enter your details in the estate agent comparison tool at the top of the article one of the statistics provided is the average time selected agents take to sell properties. This will give you the ability to compare local estate agents on how long they are likely to take to sell your property. It also highlights the 'fastest' estate agent for you.

Make sure you get the best value from estate agent services?

Using an estate agent is usually the simplest and quickest way to sell your property. You can improve your chances of a sale by agreeing a level of service with your chosen estate as follows:

  • Agree a marketing plan to include what property portals your property will appear on
  • How many times your property will be included in any newspaper adverts
  • How long your property will appear in their window display
  • How often will the estate agent update you on progress with the marketing plan
  • Making sure your chosen estate agent has the best contact details to enable the arrangement of viewings and communicating offers

How to increase the chances of selling your property

GETAGENT.co.uk provides a fantastic free selling guide on their website which walks you through the selling process from beginning to end giving some useful tips on the way.

The selling guide has four sections

  • The basics – preparing to sell, setting a price, adding value, permissions & permits
  • Estate agents – what do estate agents do, contracts explained, fees explained, choosing the right one, making a complaint
  • The legals – choosing the right conveyancer, how does conveyance works, how much does conveyance cost
  • Mortgages – what is a mortgage, the different types of mortgage, improve your mortgage chances, short on cash not a problem, should you repay your mortgage early