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  1. #1
    Join Date
    Aug 2014
    Posts
    262

    Default Real estate agents: do you get what you pay for?

    Considering selling our rental, haven't sold a house before. We like a Harcourts agent, but when the difference between using them at 4% or, say, total realty at 1% could be about 9k, it seems hard to justify...do you get what you pay for with estate agents? Will we get a better price and faster sale at 4% with Harcourts or is it much of a muchness? Anyone had good experience selling houses in Dunedin? Thoughts appreciated!

  2. #2
    Join Date
    Oct 2013
    Posts
    1,609

    Default

    The fact that Harcourts can justify charging 4% compared to Total Realty at 1% indicates there is something the former can offer that the latter can't.

    I personally don't see it. Don't know what the Dunedin market is like, but when the market gets a little heat in it I refuse to believe agents are truly earning their fees. And when you look at Auckland increasing 20% plus over the last two years, agents fees will have increased by a similar percentage while the work required may well be lower.

    But if you're really looking to save a few thousand, why not sell privately? The human mind attaches more emotion to a quantifiable loss (ie, a fee) than failure to reap an unquanitfiable gain (the increase in value you may or may not get).

    Whatever you do, if your property is worth at or above the average, try to barter with them a little. You won't get anything off the 1%, but you may get the 4% dropped to 3 or 3.5...

  3. #3

    Default

    Whats the market like down there at the moment, are properties selling fast? Why not have a go at selling it yourself? You have nothing to lose and can always go to an agent if it does not sell. I know in Auckland if you have the right property they just about sell themselves but thats a whole other story!
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  4. #4
    Join Date
    Dec 2011
    Posts
    795

    Default

    No they don't earn their money, not selling your particular house anyway, most of their time is spent trying to get listings.
    You could negotiate. In Wellington even some agents from big agencies will cap their fee at 10k

  5. #5
    Join Date
    Sep 2011
    Location
    Dunedin
    Posts
    1,665

    Default

    what part of Dn is the house in? really i dont see what the agents do apart from take a lot of money for F..all, last house i bought we were cash buyers up to 250k (yes is is possible to buy a reasonable house in Dn for 250) went to several open homes, told the REs what we were after never heard back from any of them, most of them are to busy being important

  6. #6

    Default

    Quote Originally Posted by jimO View Post
    what part of Dn is the house in? really i dont see what the agents do apart from take a lot of money for F..all, last house i bought we were cash buyers up to 250k (yes is is possible to buy a reasonable house in Dn for 250) went to several open homes, told the REs what we were after never heard back from any of them, most of them are to busy being important
    In this market yes, wait till it turns, they wont leave you alone.
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  7. #7
    Join Date
    Aug 2014
    Posts
    262

    Default

    Quote Originally Posted by Frezzinghot View Post
    Whats the market like down there at the moment, are properties selling fast? Why not have a go at selling it yourself? You have nothing to lose and can always go to an agent if it does not sell. I know in Auckland if you have the right property they just about sell themselves but thats a whole other story!
    We are out of town so a bit tricky to sell ourselves. Not sure what the market is like, nothing like Chch or Auckland and it's an above average house in a lower demographic suburb so I think it may be a hard sell, but don't really know anyone that has sold down here to compare with.

  8. #8

    Default

    You have nothing to lose and everything to gain ($$$) by giving it a go with a private sale.

  9. #9
    Join Date
    Aug 2014
    Posts
    262

    Default

    Tricky when we are a 6 hour drive away from the house....

  10. #10
    Join Date
    Aug 2009
    Location
    Auckland
    Posts
    1,080

    Default

    Quote Originally Posted by phoenixx View Post
    You have nothing to lose and everything to gain ($$$) by giving it a go with a private sale.

    Depends where the property is and where the owner is located. Doesn't make sense to sell privately If you are in North Island and trying to privately sell a house located in South Island.


 

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