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Estate Agent Fees Glasgow – How Much Does it Cost to Sell Your Property?

Posted by Matthew Gunn on August 16, 2023
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Estate Agent Fees Glasgow – How Much Does it Cost to Sell Your Property?

Selling a property can be a significant financial decision, and understanding the costs involved is crucial for any homeowner in Glasgow. When it comes to selling your home, one of the key factors to consider is the Estate Agent fees. Let’s delve into the details of estate agent fees in Glasgow and explore how much it might cost to sell your property.

Estate Agent Fees Explained

Estate agents play a pivotal role in the process of selling a property. They provide expertise in marketing, negotiating, and ensuring a smooth transaction. However, these services come at a cost, which is commonly referred to as Estate Agent fees. These fees can vary widely based on several factors, including the location of your property, the agent’s reputation, the current market conditions, and the level of service you require.

Calculating Estate Agent Fees

In Glasgow, Estate Agent fees are typically calculated as a percentage of the final selling price of your property. This percentage can range from 1% upwards, or more, depending on the aforementioned factors.  There are usually add-ons to consider like a marketing fee which is often paid up-front as well as optional add-ons for things like at assisted viewings.

At Gallus Sales & Lettings we believe in keeping things as simple as possible and charge for only two things;  Marketing fee and sales fee paid on completion.  As standard we include professional photography, videography, 360 tour, floorplans and unlimited viewings.  We simply do not believe in adding multiple options whilst the bill stacks up, we believe in marketing every property as well as possible and giving each listing the best exposure and chance of success.  We are an alternative to High Street Agents and we believe that keeping costs reasonable is key to our model.

Additional Costs

While estate agent fees constitute a significant portion of the costs, there are other expenses to consider as well. These might include solicitor fees, home staging costs, property valuation expenses, and potential repair or renovation costs to enhance the appeal of your property.  Home reports can range from £350 to £600 depending on the value of the Property and is required to sell your home in Scotland.  Solicitors fees are around £900 +Vat.

Hidden Fees

At Gallus Sales & Lettings we don’t believe in hidden fees.  Many agencies will add on buyers premiums or have hidden costs that may be burdensome and often do not benefit the seller or buyer, we simply do not believe this is the best way forward and we are always transparent on our fees.

Choosing the Right Agent

When selecting an Estate Agent in Glasgow, it’s not just about the fees. Consider their track record, customer reviews, marketing strategies, and their knowledge of the local market. A reputable agent with a history of successful sales might justify a slightly higher fee if it leads to a quicker and more profitable sale.

In conclusion, understanding Estate Agent fees and the associated costs is essential for anyone planning to sell their property in Glasgow. By researching and comparing different agents, negotiating fees, and being aware of additional expenses, you can make an informed decision that maximises your return on investment while ensuring a smooth selling process.

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