valuation

Traditional estate agents found to be good value for money

Posted on Friday, June 7, 2019

With recent changes to the landscape of estate agency, including online-only providers and new fee structures, it may come as a surprise to some to see that traditional estate agents are considered good value with regards to fees and value-for-money, estate agent comparison site GetAgent has found.

 

The review site has found that 84% of home sellers who purchased a property over the last year decided to use a traditional estate agent, with 69% of those feeling that the fee which they paid was good value for money. It would seem, therefore, that when making one of the biggest decisions that many of us will ever make, the traditional method of building a relationship with an agent who then leads you through the buying or selling process is still heavily favoured.

Colby Short, founder and chief executive of GetAgent.co.uk, said: “We’ve seen some big changes to the sector over the last decade through the rise and fall of the online agent and this consumer learning curve has led to an adjustment in opinion when it comes to the fee charged to sell a home.

“While a low fixed fee may have seemed like the future of home selling and many may have sold successfully via that model, a number of high-profile company collapses along with a consistent string of customer service failures has seen the market share of online agents fail to live up to expectation.

“Previously, the commission fee charged by traditional agents was seen as too high, I think the consumer is now starting to realise that you get what you pay for.

“To pay a few thousand pounds in commission to achieve a higher sold price while securing a buyer in current market conditions is ultimately much better value for money than a few hundred up front and no sale achieved at the end of it.

“Of course, the current lethargy plaguing the market is not ideal and has evidently had an impact on the price achieved and the time it’s taking to sell, but I think it has helped demonstrate the worth of a good estate agent which is a silver lining for the industry at least.”



Basingstoke Office

01256 807 111

EMAIL US

Bramley Office

01256 882 979

EMAIL US

Tadley Office

0118 981 0022

EMAIL US

Kingsclere Office

01635 297 111

EMAIL US

Theale Office

0118 9078 111

EMAIL US

Newbury Office

01635 881 090

EMAIL US

Mortimer Office

0118 933 1773

EMAIL US

Head Office

01256 636 960

EMAIL US
Quotation mark

I was pleasantly surprised by the courtesy, responsiveness, attention to detail and willingness to help on the part of the sales staff (in particular Nick and Brendan) from the outset. They understand what "going the extra mile" actually means, and this made the transaction so much easier than I had anticipated, as I was necessarily dealing...

View Testimonials
-->