Sell your house at Tesco for £200!!

jeffmasson

at least with a fixed fee ea you know they will try just as hard to sell your place as the high priced places on there books as they still make the same money.

googler

trolleymate wrote: »

By the way your figures in #134 are flawed to say the least.

Flawed in what way?

googler

trolleymate wrote: »

Hope you find those spectacles, torch, whatever.

For someone who complains about me not answering your questions, you're surprisingly evasive on mine.

I take it you're unable to show any of us the exact post number where you 'answered' the question (now repeated by another poster) -

Do these Fixed Price agents get paid upfront or at conclusion?

I'll add another - are these Fixed Price agents working on a no-sale, no-fee basis?

And another - are these Fixed Price agents working as 'Solicitor/Estate Agents' or as stand-alone Estate Agents?

googler

trolleymate wrote: »

As I have said in previous threads, there have been fixed price agents working for the last three years for fixed prices from £499.00.

FROM £499 ....???

So there's a tiered scale, and they charge more, depending on.... what?

MissMotivation

Patr100 wrote: »

So fixed fee EAs are paid regardless of whether they sell your house? Yes or no?

If you had read the reply to your earlier post you would have the answer to this question.

At the risk of repeating myself.....yes SOME fixed fee agents have an upfront fee, like Tesco who take an Instruction Fee.

MissMotivation

googler wrote: »

For someone who complains about me not answering your questions, you're surprisingly evasive on mine.

I take it you're unable to show any of us the exact post number where you 'answered' the question (now repeated by another poster) -

Do these Fixed Price agents get paid upfront or at conclusion?

I'll add another - are these Fixed Price agents working on a no-sale, no-fee basis?

And another - are these Fixed Price agents working as 'Solicitor/Estate Agents' or as stand-alone Estate Agents?

Googler......I answered this question yesterday.

googler

MissMotivation wrote: »

Googler......I answered this question yesterday.

I was asking trolleymate about the agents he's referring to, though..... and see no evidence that he answered.

MissMotivation

googler wrote: »

I was asking trolleymate about the agents he's referring to, though..... and see no evidence that he answered.

Sorry, my misunderstanding, I though you were referring to the question about whether Fixed fee agents operated on a No Sale No Fee basis.

sunshinetours

Fixed fee at £499 say clearly doesn;t work as a profitable business model if that is the only income. How many properties a week would you need to sell to even support a basic level of salary once you have taken regular business expenses etc unles they are run as a sole trader of course with no/litlle staff

£999 seems to be a more effective level and providing you can turn over enough properties (on an up front fee basis not a no sale no fe basis) then i could see that this combined with referral monies from surveyor/solicitor/financial services could act as a profitable business model

Don't forget all those working on the traditional 1.5%/2% whatever don't sell all the properties they ever list so some will have incurred costs with no income on that basis

Be interested if any ex/current agents (Miss M?) can provide a conversion rate for sold properties listed by agents - I'll bet its no more than 50% on average

Jowo_2

sunshinetours wrote: »

Fixed fee at £499 say clearly doesn;t work as a profitable business model if that is the only income. How many properties a week would you need to sell to even support a basic level of salary once you have taken regular business expenses etc unles they are run as a sole trader of course with no/litlle staff

Many estate agents get income from letting, a percentage of the rent, and the fees they charge to both landlords and tenants.

In fact, there was a point made on another thread that the charges they levy have increased due to the collapse of their income from sales, plus more people are renting now they can't get on the ladder. Frankly, only poorly managed agents went to the wall during the recession - those who were popular with landlords and have spread the risk by offering income generating services unrelated to sales should be fine.

To use an analogy, Billy Bragg has stated that the digital online presence of music 'has damaged the record selling industry but not the music industry'.

I don't care if the switch to Fixed Fee sales charges does make estate agents go under - adapt or die. They're fairly complacent when the market favours them and tenants/buyers/sellers are like shooting fish in a barrel. Few offer services to distinguish themselves from their competitors because they've not had to hustle so much for custom. Now they have to raise the game.

Remember also, when the sales market favours sellers, they ask for offers over but when the market is slack, sellers have to sell on a fixed price basis or accept low offers. Buyers and sellers aren't immune from market forces so why should estate agents expect to continue with the same business models when the market is weak for them?