Dodgy Estate Agent? What do you think?

BobProperty

Which is cheaper - your house or the equivalent on the new estate?
Who is the estate agent selling the new estate?

[Deleted User]

Anita, change agent!

Ian_W

Hi Anita,
Yes, it probably is legal but check your contract with the EA. No, it isn't blackmail because as Van says you are free to change agents providing your contracted period with them has ended.

But how do you come to the conclussion that your house is not overpriced? If you mean you've had only one viewing in 6 months that's a very bold statement to make!! Whatever you may *think* your house is worth, it's actually only worth what someone else is willing to pay for it - after 6 months you really should be wondering why it hasn't sold, and price IMHO is usually the biggest factor.

I would think about taking off the market now, then after New Year get 3 or 4 different agents to value it and, particularly in a slow market like now, go for the middle not the highest valuation.

Robert_Sterling

Anita_Drake wrote:

Is this legal????
our estate agent has said they will no longer put our property in the paper until we substantially reduce the price! I think this is blackmail! Any other suggestions out there?

The estate agent might be prepared to put an Ad. for your house in the paper at your expense.

AndrewSmith

Hi Anita,

There are usually 4 reasons why people will not view a property.

1) Location
2) Size / Suitability for them
3) Condition
4) Price

Remember also that a house (or anything for that matter) is worth only what someone is prepared to pay for it. If you wnat to find out whether your house is over-priced or not check your local property journal and look for realistic comparisons. Also remember that it is the price the property sells for that is it's real value, not what the Estate Agent says it's worth.

Who came up with the current market value? Was it you or the Agent?

You need to apply the 4 reasons above in a very realistic way to your home and see which applies best and would explain why you have had only 1 viewer in the last 6 months. I have to say that Price is usually the main one.

Hope this helps

Andy

yallapilko

ER.... is this a separate subject than the original post?

AndrewSmith

Simply answering a point raised here. Happens quite a lot. Thank you.

yallapilko

AndrewSmith wrote:

Simply answering a point raised here. Happens quite a lot. Thank you.

I think it's called post hijacking. Sure it happens a lot.

nmiah786

Maybe Anita Drake should have posted a seperate thread but nonetheless everybody felt like helping out. Thats what this forum is for. As with any discussion one thing will lead to another and needs addressing.

So take it easy :snow_laug . The subject was the same!! Dodgy Estate Agents.

yallapilko

On most sites post hi jacking is considered bad manners!