In this episode of The Complete Agent Podcast, James Kendall, David Warburton and Ian Storey challenge one of the industry's favourite pieces of advice: "charge more".
Because while plenty of estate agents are undercharging for the value they deliver, there is another uncomfortable question worth asking.
Are some agents already charging too much for the service they actually provide?
The conversation explores what really separates a premium estate agent from somebody who simply has premium looking marketing.
Dave shares a recent £1.4 million valuation where every competing agent was considerably cheaper, yet the seller ultimately told him she believed he could achieve more for the property and was therefore prepared to pay more. The difference was not simply photography, video or brochures. It was the entire experience, from the initial contact and personal brand through to market knowledge, questioning, strategy and confidence.
James challenges the idea that great photography automatically makes an agency premium. If your marketing is exceptional but you cannot negotiate, communicate effectively or properly qualify a buyer, are you really offering a premium service? He shares an example of a £1.75 million seller whose existing "premium" agent presented a £1.7 million offer without even knowing the buyer's position.
Ian explains why tangible evidence still matters. Stories tracks metrics including percentage of asking price achieved, reductions, sale success rates and time to exchange, allowing the team to demonstrate performance rather than simply claim to be better.
The conversation also goes deep into negotiation. The group discusses why too many agents effectively negotiate on behalf of the buyer, why asking a seller "what's the lowest you'll take?" can immediately destroy value, and how a skilled agent can often earn their entire fee simply through better negotiation.
Finally, they tackle the mindset behind charging premium fees. Can an agent genuinely be worth 2% but still lack the confidence to ask for it? And if you would not confidently instruct your own agency at the fee you are quoting, what needs to change?
A candid discussion about value, confidence, negotiation and what being a genuinely premium estate agent actually means.