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simonsquiff | 7 years ago

6% for realtors fees is outrageous! I had no idea it was anything like that in the US.

Here in the UK, it’s about 1.5%. That can often be haggled down to 1% if you have an expensive house that’s desirable enough to sell itself. And even that is getting majorly distributed by online agents, who are offering a flat fee service rather than % of property, which can be an enormous saving.

At 6% it seems a market with a huge amount of fat, just asking for a new player to come and disrupt

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rhodysurf|7 years ago

You are missing that the seller pays both his realtor and the buyers realtor

dagw|7 years ago

Why does the buyer need their own realtor for just buying a normal house?

phamilton|7 years ago

How are buying agents compensated in the UK?

jstanley|7 years ago

You wouldn't typically use one.