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Estate Agency Fees - What are they for?

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Comments

  • confused31_2
    confused31_2 Posts: 1,272 Forumite
    LandyAndy wrote: »
    So jack it in and open an estate agency:confused:.

    It's clearly a licence to print money.

    If you think a job is easy and well paid, why not do it?

    i do think the fees are very high for what they do, but to be honest i dont think i could do the job, i dont think i would be able to go to sleep at night knowing how i had lied and ripped people off to line my own pockets, but thats me, some people are thick skinned.
    I am not a Mortgage Adviser
    You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    confused31 wrote: »

    I think you may be spinning a yarn there, unless you want to oblige with the anwers and links, if not ill take it as a load of blow hole.


    Please yourself Confused, I really dont care what you think TBH ( BTW im an EA );)
  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    confused31 wrote: »
    I would love to open a estate agency, but i like to do my research first people can pick figures from thin air, i need facts.

    You'll want to undertake marketing analysis directly with your prospective competitors rather than rely on informal accounts by customers of estate agents on an internet forum, then.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    confused31 wrote: »
    to be honest i dont think i could do the job, i dont think i would be able to go to sleep at night knowing how i had lied and ripped people off to line my own pockets, but thats me, some people are thick skinned.
    ,,

    but you said " would love to open a estate agency, but i like to do my research first people can pick figures from thin air, i need facts. Today "12:03 AM :think:
  • confused31_2
    confused31_2 Posts: 1,272 Forumite
    mandi wrote: »
    ,,

    but you said " would love to open a estate agency, but i like to do my research first people can pick figures from thin air, i need facts. Today "12:03 AM :think:

    If i did open one i would justify my fees, but i dont think ill bother:rolleyes:,anyway nice of you to admit being a estate agent, what percentage does the estate agency you work for charge?

    So i was right about the people over the road from you, you just made it up, just shows estate agents simply can not help but lie.
    I am not a Mortgage Adviser
    You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    confused31 wrote: »
    If i did open one i would justify my fees, but i dont think ill bother:rolleyes:,anyway nice of you to admit being a estate agent, what percentage does the estate agency you work for charge?

    So i was right about the people over the road from you, you just made it up, just shows estate agents simply can not help but lie.[/QUOTE


    Im going to ignore that fact that your a trolling

    . What good would a link do . Would it show you a copy of the agency agreement , er no, would it show you how much the house sold for , er no, would it show you how long the house was OTM , and a copy of the edvertising costs . I think you know the answer to that one ;)
  • confused31_2
    confused31_2 Posts: 1,272 Forumite
    Jowo wrote: »
    You'll want to undertake marketing analysis directly with your prospective competitors rather than rely on informal accounts by customers of estate agents on an internet forum, then.

    To be honest from my own personal experiance of local estate agents, i know i could do a better job and with much lower fees.

    I personally think the way forward and it will become a lot bigger is online estate agencies, the reason being there fees are a lot less and people are fed up of being ripped off.

    Take for instance one of my local estate agents something eves, there fees are 2.75%, they will then charge you 375 for a hip and then they will sit you down with there countrywide financial advisor who will try and sign you up for all their insurances which can be found online a lot cheaper.

    Not only this they will recomend the conveyancing team which is also a ripp off, so thats why ithink the fees are too high.

    But its not just the fees its all the other things that come with it, it reminds me of when you go on holiday and the rep trys to sell you a trip and they go on to say its a bargain and you wont be disapointed.

    But then when you go on the trip they are charging half the price on the day from the person who runs the trip.
    I am not a Mortgage Adviser
    You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • confused31_2
    confused31_2 Posts: 1,272 Forumite
    mandi wrote: »
    confused31 wrote: »
    If i did open one i would justify my fees, but i dont think ill bother:rolleyes:,anyway nice of you to admit being a estate agent, what percentage does the estate agency you work for charge?

    So i was right about the people over the road from you, you just made it up, just shows estate agents simply can not help but lie.[/QUOTE


    Im going to ignore that fact that your a trolling

    . What good would a link do . Would it show you a copy of the agency agreement , er no, would it show you how much the house sold for , er no, would it show you how long the house was OTM , and a copy of the edvertising costs . I think you know the answer to that one ;)

    liar:T
    I am not a Mortgage Adviser
    You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    confused31 wrote: »
    links are to help with the side of the argument anyone can come on here and say this estate agent charges 0.5 or 0.75 percent, they may come on here and say they advertise there house in the paper every 2 weeks, this might be at a extra charge, i dont know.

    But to make a statement and then no evidence seems very pointless, if the other person just gives me the name of the estate agent ill phone them up and confirm there fees, i know they live in carlisle, i could just give all the agents a ring in that area to find out there fees.

    I base my arguments on facts and i provide links to the facts, if you havent got any links or evidence your argumet seems toothless.

    .....so when you say that EA 'something eves' charges 2.75%, but provide no link, no office location, no telephone number, no link and no evidence, aren't you just contradicting yourself and making a toothless argument..........?
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    confused31 wrote: »
    When do you see that? when your licking them???:p

    Oh, my. How witty. How droll.

    "I base my arguments on facts" indeed ......
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