2021 is drawing to a close, and looking at the housing market, it has been a year marked largely by uncertainty and a lack of stability. Historically high rises in house prices have affected the market so much that there has been talk of government intervention to regulate it on several occasions. On top of that, estate agents’ fees at the large, established chains are so high that more and more sellers are now looking at alternative ways to sell their home. But how much does it actually cost to sell your home in 2021? In this blog post, we set out the average estate agent’s fee in Denmark in 2021 and the reasons why it is so high. We also look at the alternatives to the big estate agency chains, including selling privately and, of course, Brikk.
How much is the average estate agent’s fee?
In Denmark in 2021, the average estate agent’s fee is 85.000 kr. Fees naturally vary a great deal from agent to agent, so in some cases they are higher and in others lower. If you use a traditional Danish estate agency chain, however, you can expect a fee of roughly this amount, if not more.
Why is the price so high?
There are several reasons why the average estate agent’s fee in Denmark is high. First and foremost, the fee reflects the price of selling your home through some of the country’s large, traditional estate agency chains. The price at these chains is high because, as a seller, you are paying for more than just advice on selling your home. To a large extent, you are also paying for these chains to keep doing business and open physical shops all over the country. This is an expensive business model, which forces the chains to charge high fees just to keep their shops going. The structure benefits the head offices, which reap most of the profit and overall growth, but it is a bad deal for the sellers, who in the end pay a sky-high fee for help with selling their home.
In many ways, this structure also fails to reflect how homes are actually sold today. If you look at the figures for current home sales, it turns out that most people actually find their dream home through digital channels such as property portals, adverts and social media. Even so, the big chains keep opening physical shops that, in many cases, stand almost empty. That is really what you are paying for when you are a customer of the big chains.
The option of selling privately
There are, of course, alternatives to paying 85.000 kr. in estate agent’s fees. One of these alternatives is selling privately. Selling privately, as the name suggests, is when you choose to sell your home yourself, without an estate agent. Selling privately is an obvious option if you have a lot of experience of selling or buying homes and know the various processes involved in putting your home up for sale. If, on the other hand, you have no previous experience or knowledge of this, selling privately can be a very cumbersome way to sell your home. It can be both confusing and difficult to work out all the different processes involved in a property sale, and to handle everything yourself.
When you sell your home yourself, you are responsible for, for example, pricing your home, marketing it, showing it, dealing with potential buyers and, finally, negotiating the price. At the same time, there are a number of costs involved in these processes, which mean that selling your home is not free after all. For example, it costs money to obtain the relevant property documents, such as the energy label, when you put your home up for sale. There are also costs involved in marketing your home on property portals, where most buyers find their home. You are also advised, when you sell your home yourself, to bring in a property lawyer who can make sure all the legal aspects of the sale are in order. In short, selling your home yourself is not free. It is of course cheaper than paying 85.000 kr. for a traditional estate agent, but there are still a number of costs you have to pay, while you also carry all the responsibility for the sale.
Brikk as your estate agent
With Brikk as your estate agent, we take care of every part of your home sale, while charging only 22.500 kr. in fees. This way, you spend roughly the same as it would cost to sell your home yourself, while receiving A-Z service.
With Brikk as your estate agent, you are also guaranteed A-Z service, local agents and a fixed low fee, whatever your housing situation. Our agents are among the best in the business and have many years of experience of the Danish housing market. This means they can help and advise you through all the different stages of selling your home.
So selling your home does not have to cost 85.000 kr. That may well be the average estate agent’s fee in 2021, according to Bolius, but as a home seller you have a range of other options that will save you a lot of money in the long run. So if you are thinking about selling your home and are considering Brikk as your future agent, you can book a free valuation today. The valuation is, of course, completely free of obligation and is simply an easy way to talk your housing situation through with a professional.
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