Estate Agents Commission Rates Explained
Most sellers are unaware of the different commission rates that Morpeth estate agents will charge to sell your property. It is a fact that not all Morpeth estate agencies charge the same rates and there’s a good reason for this so don’t make your decision on price alone.

Some Morpeth agents may quote standard rates but upon appraising the property, may determine that the property may be more difficult to sell than usual because it’s in a bad area or in a poor state of repair warranting more effort on marketing costs and effort. Conversely, some agents may quote a lower than normal rate if they think that they can move your property easily and quickly.

Some Morpeth estate agents may not have the overheads of larger firms who have made high levels of investment in high street offices, top-level staff training, sophisticated computer systems and professional marketing materials and resources.

That’s not to say that cut-price commission rates will deliver cut-down levels of customer service and professionalism because you can sometimes experience inadequacies when dealing with larger chain firms too.

Cut price Morpeth estate agents typically require a higher turnover of stock in order to survive and they are therefore less likely to be concerned about securing the best price for their clients. The net amount of the post-sale proceeds in your pocket is surely more important than the percentage fee your Morpeth estate agent charged in commission.

House Prices Set To Plunge
Morpeth house prices are set to fall by up to 25% over the next couple of years, according to some news sources. The housing market is not expected to begin recovering until 2010