How much is an Estate Agent these days?

How much is an Estate Agent these days?

How much does an Agent Cost? There is no fixed price / “government controls” on Estate Agent fees in Ireland. In the past they varied anywhere from 1.5% to 4% but nowadays the average charge is 1.5% of the sold price of your house +21% VAT (however that doesn’t say that you still can’t be charged above this!)

So give me an example of how much … this is? Okay so let’s say the selling price of your house is €250,000 and you are charged 1.5%, plus don’t forget that all important 21% VAT, the Math works out like this:

€250,000 / 100 x 1.5 = €3750 (Fee -21% VAT)
€3750 / 100 x 21 = €787.50 (VAT charge)
3750 + 787.50 = €4537.50 Agent Fee

If you are cute enough you should factor in and included your agent fee in the asking price of your house, therefore it will be effectively paid by the buyer. All in all, do some research, shop around and if possible negotiate with your agent in order to get the best rate.

There is 1 comment for this article
  1. Jason at 5:52 pm

    I just put my place on the market. I did a bit of shopping around with the estate agents and was able to negotiate the fees down easily enough. Just ring around a few of the estate agents in the area to get the best deal.

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