You may have heard in the papers and news that there is a bit of a housing recovery going on. The average house price has risen steadily over the last few months, and there is even talk of the economy coming out of recession.
This might should like great news if you are selling your house, but its not. As the house prices rise above current levels, agencies are too putting up their fees. Where a few months ago there were lots of 1% deals around there is a steady increase back to the average of around 4%.
So what can you do?
The best way to avoid paying high agency fees is to simply wait, as the rise in the average house price will steady back, and with Christmas on the doorstep the market will level and it will not be until at least the middle of next year, (2010) that the true average house price will be seen. So by waitng to sell your house for at least 8 months you will be able to clawback any losses and also negotiate a better agency rate without being taken to the cleaners.
It is like the old saying, 'patience is a virtue' and in the case of the housing market its true. Just hold fast and you will be better off in the longer term.
