EAs Squeal like that guy on deliverance

Really2

mbga9pgf wrote: »

Having a look on RM, it doesnt look as if nutty prices hve been turned away.

Out of interest, what offers under are you considering at your EA? And at what level below aking are sellers accepting offers?

Or is the problem no offers in the first place?



completely wrong I am afraid. Vendor A goes to EA B, who reckons they can sell it in a rising market for X thousand. Then goes to EA C who reckons he can get X + D thousand. Which EA will the seller go for?

There NEEDS to be a standard valuation model for housing based on historic prices, NOT what an unqualified estate agent reckons he can fob a hapless buyer with. EAs should be selected for other criteria, such as % fees, quality of service and leaderboards constructed by the onbudsman.

I am sure all those EAs that benefitted from % comissions on trebling house prices over three years must have been beside themselves!



well, dont worry, they will be back when reality comes and bites them hard (house prices down another 10% say). Much better to be honest with your clients than giving false hope surely? Who are they likely to come back to? the EA who said it wasnt going to sell at the old level, or the EA who reckons they can shift it at a now rediculous price and risk further price falls as a result of a delayed sale?

Even train and aeroplain tickets rise in price on demand.
You have a very good grasp of poor economics.
I have a family member who is an EA so at least recognise you have no knowladge of the industry and you can at least stop posting personal oppinion as fact.

dervish

mbga9pgf wrote: »

Few select comments from this months RICS report.



I actually feel for these guys. Imagine how difficult must be to tell someone they have lost 40% of their equity in 2 years...

EA I know is telling people that unless they take a SIGNIFICANT haircut on their prices, then he wont advertise their properties and certainly wont waste cash buy putting their properties on rightmove. He is holding on, but only because he is managing decent volumes as he only holds sellers that are realistic.

What has this thread got to do with thte title?

What man has taken delivery etc?

dopester

dervish wrote: »

What has this thread got to do with thte title?

What man has taken delivery etc?

Some backward mountain-men with their own values and a city-weekend-trippers in the wrong place at the wrong time. I won't link to a YouTube clip because it isn't the most pleasant viewing.

dopester

Really2 wrote: »

I have a family member who is an EA so at least recognise you have no knowladge of the industry and you can at least stop posting personal oppinion as fact.

How are they faring?

Personally I'd prefer 1.5% commission on realistically priced to market properties, say £120,000, and sell 15 a month... = £1800 x 15 = £27,000

Than sellers trying to get me to sell them at what they consider to be a market price.. say £230,000, and only sell... lets be fair, say 4 a month = £3450 x 4 = £13,800

lostinrates

As a slight aside, its intrsting to read commnts by EAs one is in contact with, but I have found responding to the more blustering sales talk with their own quotes doesn't go down brilliantly . Gave me a cheap thrill though. I'm not anti estate agents, just anti bluster. FWIW I think EA's are part of the picture of blame, but then so are an awful lot of people, including a lot of 'we, ourselves'

mean_momma

mbga9pgf wrote: »

Prices are falling, fast, every day you wait is around a hundred off your equity!!!

That's fine then. We can all wait....I couldn't care less what my place is worth, as long as it can be replaced with something as good, (preferably better) , and the cheaper the better. But 'panic selling' is not an option!

Really2

dopester wrote: »

How are they faring?

Personally I'd prefer 1.5% commission on realistically priced to market properties, say £120,000, and sell 15 a month... = £1800 x 15 = £27,000

Than sellers trying to get me to sell them at what they consider to be a market price.. say £230,000, and only sell... lets be fair, say 4 a month = £3450 x 4 = £13,800

Will sell at any cost really (same in the boom really a sales a sale, you dont get commition for holding stock).
It is lack of motgages first then owners second (unrealistic prices)
Doing Ok on Repos but rental are keeping it afloat really.

mean_momma

All very well to get real and sell off your place at a huge discount, but where will these worthy sellers end up? Cash in the bank, not earning a penny interest, having to find rent whilst house hunting, worries over banks going bust with the funds, not able to find another property to buy because others won't reduce.... ....

No thanks, best to wait.......

Cannon_Fodder

Savings have not hit 0%...if you shop around.

While not what it was a year ago, with inflation dropping like a stone its not totally worthless.

http://www.moneysupermarket.com/savings/compareresults.aspx?enquiryId=5190449

mean_momma

Cannon_Fodder wrote: »

Savings have not hit 0%...if you shop around./quote]

No, but a few hints in the press are enough to cause alarm about the future of savings!