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When it comes to selling your central London home, whether in Hyde Park, Marble Arch, Knightsbridge or elsewhere, your aim is likely to be finding the right buyer for a smooth sale, in as short a time as possible while achieving your optimum selling price.

The way you use estate agents can affect this. If you’re wondering whether it’s possible to use more than one estate agent, the short answer is yes. However, there are pros and cons of using multiple agents. For anyone thinking of using more than one estate agent, we look at the different types of agency agreement to help you sell your central London property in the best way.
When you appoint an estate agent to sell your house you will need to sign an agency agreement. This essentially outlines the rights and responsibilities of both the seller and the agent. You pay the agent a fee – usually a percentage commission – and in return they handle the selling of your home. Agency agreements come in three main types; sole agency, joint agency, and multiple agency.
It’s important to check your contract carefully for ‘sole selling rights’ agreements, as can leave you paying commission even if you find the buyer yourself. Generally speaking, standard ‘sole agency’ or ‘no sale, no fee’ contracts are safer. Before signing, always check the contract length (typically 8-16 weeks in London), and the notice periods too.
You may spend more on estate agent fees depending on the agreement type you opt for, with sole agency vs multiple agency making a substantial difference. With a sole agency agreement, you’re likely to pay around 1.5% of your central London property’s selling price, including VAT. However, the differences in estate agency fees can be significant. The average could double when you sign up to a multiple agency agreement.
Property portals also put one agent’s listing in front of a wide audience. Today’s property portals like Rightmove and Zoopla reach a majority of buyers, meaning that one agent essentially reaches the same agency as five.
| Agreement Type | Average Estate Agent Fees (inc. VAT) |
|---|---|
| Sole Agency | 1.2% to 2% |
| Joint Sole Agency | 2.5% to 3.5% |
| Multiple Agency | 3% to 3.5% |
Want to know more? If you’re weighing up your selling options, take a look at selling your house for cash: pros and cons and selling inherited property.
Before you decide whether to use more than one agent to sell your home, think about your priorities for the sale. For example, if it’s necessary that your property is sold fast, then using multiple agencies might be the solution. However, if you are selling in a desirable area, it can be better to use one agency and wait for the best offer to come through.
A good option, if you are unsure which agreement is best for you, is to make a sole agency agreement but only for a short period of time. This means you can gauge the popularity of your house and familiarise yourself with the current market, while having the opportunity to change agreements by the end of the contract. If your property could benefit from two fields of expertise, then a joint sole agency agreement may offer an alternative solution.
For most central London properties in the £500,000 to £1.5 million range, sole agent agreements work perfectly, but high-end properties are an exception. The international buyer pool is smaller for properties at £2 million plus in prime areas such as Knightsbridge, Mayfair or Hyde Park, so agent networks play a more important role.
Joint sole agency agreements can make sense, for example a specialist UK agent and an international specialist. At Plaza Estates, we can offer local knowledge alongside international buyer networks, for specialist reach with sole estate agency fees.
If you are going with one agent, choose wisely – get at least three valuations and ask plenty of questions to assess their success at selling your type of property in your area. Look for personal recommendations and at reviews too.
Our tips for building are successful working relationship are:
If you’re concerned about something, talk to your agent and resolve the issue as soon as possible.
Want to find out more? Before you commit to an agent, it’s worth understanding solicitor fees for selling a house and the taxes on buying and selling property.
A sole agency agreement means one estate agent is exclusively appointed to market and sell your property for a set period, typically 8 to 16 weeks in London. A multiple agency agreement lets you instruct as many agents as you like at the same time, with only the agent who secures the buyer earning the commission. The trade-off is cost: sole agency fees in London average around 1.2% to 2% including VAT, while multiple agency fees typically run from 3% to 3.5%. Sole agency also gives your chosen agent a stronger incentive to invest time and marketing budget in your property, since they know they won’t lose out to a competitor.
For a sole agency agreement in central London, you can expect to pay between 1.2% and 2% of the sale price including VAT. Joint sole agency — where two agents work together — typically costs 2.5% to 3.5%. Multiple agency agreements sit at the top end, usually between 3% and 3.5%. On a £1 million property, that difference could mean paying £35,000 under a multiple agency agreement versus £15,000 with a sole agent — a gap of £20,000 that needs to be justified by a meaningfully higher sale price or significantly faster completion.
For most central London properties, no. The additional commission rarely translates into a proportionally higher sale price. Since the major property portals like Rightmove and Zoopla collectively reach the vast majority of active buyers, a sole agent listing your home on both platforms already provides near-total market coverage. The scenarios where multiple agency can justify the cost are narrow — typically high-end properties above £2 million where international buyer networks and private client lists become more important than portal visibility.
They tend to hurt more than help. Multiple boards from different agencies outside a property can signal to buyers that the home is difficult to sell or that the seller is desperate — neither of which supports strong offers. Experienced buyers and their agents may also use the presence of multiple boards as leverage to negotiate the price down, reasoning that if several agents haven’t sold it, there may be an underlying issue. A single board from a reputable local agent generally creates a cleaner, more confident impression.
Not without risk. A sole agency contract commits you for a fixed period, and appointing additional agents before it expires could leave you liable for commission to both your original agent and the one who finds the buyer. To switch safely, you need to wait until the tie-in period ends or serve the required notice as set out in your contract. If your sole agency period is coming to an end and you’re considering adding agents, review the introduction clause too — most contracts protect the original agent’s right to commission on any buyer they introduced, often for up to six months after the agreement ends.
Before online property portals became dominant around 2010, each agent you instructed gave your listing access to a different pool of buyers through their office window, local advertising and mailing lists. Today, a single agent listing your property on Rightmove and Zoopla can reach an estimated 95% of active buyers. Rightmove alone receives around 130 million visits per month. This means the main historical advantage of multiple agency — wider exposure — has largely disappeared for standard residential sales. Additional agents now add cost without significantly expanding your audience.
A sole selling rights agreement entitles the estate agent to their commission no matter who finds the buyer — even if you sell to a neighbour, a friend or someone who approaches you directly without any involvement from the agent. This is different from a standard sole agency agreement, where you can sell privately without owing commission. Sole selling rights agreements are generally best avoided unless there’s a specific reason to accept one, as they remove your flexibility and can result in paying fees for a sale the agent played no part in. Always check the wording of your contract before signing and ask for a standard sole agency agreement instead.
The clearest case is at the top end of the market — typically properties priced at £2 million or above in prime areas such as Knightsbridge, Mayfair or Hyde Park. At this level, the buyer pool is smaller, more international and less likely to be browsing Rightmove. Agent-to-agent networks, private client lists and overseas marketing channels become genuinely important. Even then, a joint sole agency with two complementary specialists — for example a local central London agent paired with an international property consultancy — often achieves the same reach at a lower commission rate than a full multiple agency arrangement.
It can, but the speed advantage is often overstated. The competitive element of multiple agency — where agents race to secure the sale before a rival — can create urgency, but it can also lead to agents pushing you to accept lower offers quickly rather than holding out for the best price. For most central London properties, the factor that has the biggest impact on speed of sale is pricing. A realistically priced property with strong photography and a good portal listing through a sole agent will typically sell within a similar timeframe, without the added cost or pressure of multiple agency.
Before adding more agents, it’s worth diagnosing why the property hasn’t sold. The most common issues are pricing, presentation and marketing quality — none of which are solved by simply instructing more agents. Consider getting a fresh valuation, improving your listing photography or staging, or asking your agent for honest feedback from viewers. If you’ve lost confidence in your agent’s performance, switching to a stronger sole agent at the end of your contract is usually more effective and far cheaper than moving to multiple agency. A new agent brings fresh energy, a different buyer list and a reset on the portals, often without the fee premium.
If you’re wondering which estate agent to choose to sell your central London property, Plaza Estates can help. With experience and knowledge of the local market we’d be happy to give you a valuation and talk about the different agreements we offer.
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