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How are estate agents surviving?
Comments
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Anyone see this report today?
Lauristons in London are offering 0% rates to sell peoples houses?!?!
http://www.dailymail.co.uk/news/article-1079029/Estate-agents-selling-homes-NO-fee-property-sales-collapse.html
I presume they must be able to afford this through the back-kick from HIPS, I cant see how this is worthwhile otherwise
:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
A friend of mine works four days a week for an independent estate agent (one man with no other employees) selling in the Hampstead area. He never has more than two or three properties to sell, but they are at the high end, so when he does make a sale it keeps him going a while.
Despite the fact that his outgoings are quite small, things are quite tough for him – a couple of city people buying 1.2 million pound places pulled out of sales recently because they lost their jobs.
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They're surviving by going back to their more normal trade i.e. mugging little old ladies of their pensions outside the post office0
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Anyone see this report today?
Lauristons in London are offering 0% rates to sell peoples houses?!?!
http://www.dailymail.co.uk/news/article-1079029/Estate-agents-selling-homes-NO-fee-property-sales-collapse.html
I presume they must be able to afford this through the back-kick from HIPS, I cant see how this is worthwhile otherwise
They charge a £1k marketing fee. So it's not 0% at all, just a publicity stunt.0 -
Do they charge that up front?They charge a £1k marketing fee. So it's not 0% at all, just a publicity stunt.
If so, would be better than before as no funds in until house sold...but this way, you get a nice wedge of cheques for £1000 each for every property taken on.
And vendors will think they have a bargain as they are 'saving' on a possible £6-7k fee.....but if property goes unsold, they lose the £1000.
Don't know if this is how they are doing it though0 -
They charge a £1k marketing fee. So it's not 0% at all, just a publicity stunt.
If this is true, it comes to something when you can charge 1k for taking a few pics with a digital camera, print it off on a £20 printer and stick it in the window of an establishment that nobody looks in, except to laugh at some greasy haired gimp eating a prawn sandwich.0 -
I dont mind admitting that i hate estate agents.
My experience of them is that they are mostly smarmy,arrogant and in reality, they dont provide much value for customers.
I mean, all they do is look on the internet as to what neighbouring houses have sold for, give you a similar figure,tie you into an exclusive contract so that only they have the right to rip you off,stick an ad on a website and sit back and wait for the money to come in. If it doesn't come in quick enough,they blag you into cutting the value of your home and if you dont play ball,they pull your house from the website/advertising without even telling you!
Then theres the whole bent business of not passing all offers to sellers and doing deals with their friends and developers. This happens especially when someone is selling a deceased relatives home. They smell blood,sense the vulnerability and are only too happy to help.
Most of them have never known a days work. They ponce around in their flash cars and flash suits and cute little smart cars.
It is they who have also been complicit in creating the situation we have now.
But the dont give up easily.
They are at this very moment,concocting new finance schemes to shackle people into long term misery whilst they continue to pick the last bits of flash off the carcass.
Of course there are some good ones arent there?
As for the others,the sooner the sharks ae gone,the better.0 -
Agreed - there may be good ones out there, but personally, I've come across some real sharks.0
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Thanks for your concern Neverdespairgirl.:D
I'm not one of these people who thinks all EAs are scum or anything like that.
But there do seem to be a lot too many EAs, some will inevitably go out of business....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I have yet to meet a EA who I thought was worth money.
I could do their job.Savings
£14,200 with £1100 M.I.A. presumed dead.0
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