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Would you lose a sale for the sake of £500?
Comments
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Actually, the more sales, the more in their coffers. So the lower the price, the better, as it's more likely to sell!
You have it in one. Most EA's would rather have the turnover at a lower price.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
You have it in one. Most EA's would rather have the turnover at a lower price.
Indeedy! No, I didn't give much detail on Saturday, I was rushing! Some people are just stubborn through and through, not my like my lovely vendor who bought me a bunch of flowers on Friday...wish they were all like her :TScar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.0 -
princessamy86 wrote: »With regards to this statement, as I said, the original offer was £10,000 under. I did what my job requires me to do, and negotiated the price upwards. Honestly, I can't understand why you would then think that we had priced him too low?? People are on here ALL the time, complaining that agents are overvaluing, and now you are saying we may have undervalued?! I think this is a prime example of how you just can't win.
I have been taking very very careful note of numbers and so far there have been about 20 zillion people moan about what the seller has done wrong to them.
And 20 zillion people moan about what the buyer has done to them.
And a few dozen moan about EA's so, by my reckoning, it is the buyers and sellers that can't win as they can be so deceitful:DA retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
MissMotivation wrote: »It was quite common years ago for an agent to reduce their fee to acheive the sale......IMO EA's are too greedy for their own good now and can't 'see the wood for the trees' !
If any of my negotiators lost a sale for the sake of £250 then they would be out of a job!
I respect this as a business decision but (me) as the person who could set the fees owning my own agency. I never ever reduced fees and operated a no haggle fee policy.
I still had it tried on and even cases, on big fees, where the seller would say to me just before exchange he couldn't go ahead unless we reduced by signifcant amounts using the argument surely lower fee is better than no fee. Being a very stubborn guy and on principle I always said NO and can't remember any vendor pulling out.
Yes I played this game of poker but feel no shame to have run a business model that worked well. Why else would I have been in business and as I said earlier I was not a charity and if people didn't like what was offered they could go elsewhere or use an online agent?A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
I have been taking very very careful note of numbers and so far there have been about 20 zillion people moan about what the seller has done wrong to them.
And 20 zillion people moan about what the buyer has done to them.
And a few dozen moan about EA's so, by my reckoning, it is the buyers and sellers that can't win as they can be so deceitful:D
Was just about to post something similar but now I needn't bother
My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
princessamy86 wrote: »I will prostrate myself at your feet and give you gold level marketing
Wow the mind boggles at what this includes;)A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
princessamy86 wrote: »not my like my lovely vendor who bought me a bunch of flowers on Friday...wish they were all like her :T
Are you sure they weren't impregnated with poisen:eek:A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Haha well it's not my fault you have a dirty mind!Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.0
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I respect this as a business decision but (me) as the person who could set the fees owning my own agency. I never ever reduced fees and operated a no haggle fee policy.
I still had it tried on and even cases, on big fees, where the seller would say to me just before exchange he couldn't go ahead unless we reduced by signifcant amounts using the argument surely lower fee is better than no fee. Being a very stubborn guy and on principle I always said NO and can't remember any vendor pulling out.
Yes I played this game of poker but feel no shame to have run a business model that worked well. Why else would I have been in business and as I said earlier I was not a charity and if people didn't like what was offered they could go elsewhere or use an online agent?
I can see the arguement for reducing fees from both sides. I have worked for agents that charge high fees and reducing their fee by £250 to get the sale was nothing really.
I now run an agency that charges extremely competitive fees and our business model means that if we reduced our fees any more then we really would be running a charity!My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
MissMotivation wrote: »Was just about to post something similar but now I needn't bother
The trouble is us agents have a clever answer for everything;)A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0
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