Sell your house at Tesco for £200!!

adg1

trolleymate wrote: »

If an agent takes any more than 15 hours to sell one house he wont get very many houses sold in a week. I would expect they would try and reduce that amount of time per sale.

This depends on whether you mean 'man-hours' per property or total hours per property.

If an EA has 4 negotiators working to sell a house for instance and they conduct a viewing each on it per week, thats 4 hours spent on it per week. I'd be willing to stick my neck out here and say that most people would be happy to sell their house in 4 weeks.

I'd guess this added cost of showing people round is the £10-£12 per viewing people were talking about on another thread not so long ago. If thats the case it'll soon add up.

Its not uncommon here (London admittedly) for a property to attract (with a proactive agent) 10 viewings per week in this market. Thats another £100 per week (I did make the maths easy there admittedly).

sunshinetours

Rightmove have effectively blocked/hindered the ability of the individual to easily sell their own house. Its not down to the individual agents themselves

The proposal that agents are making more money thee days is also pretty laughable for those who see accounts etc! A few years ago maybe yes but not now no. Teh sensivble ones invested wisely and will get through this current patch and the wide boys/cowboys of whom there are many (sadly) won;t

Thing is with services of all types - you know the cost up front and you pays your money or you provide the service yourself - you can't easily rationlise this type of service into an hourly rate as some seem intent on doing

If Tesco are committed to this then it will probably work because they don't very often at their size and influence over the markets, get things wrong

trolleymate

Fixed price or percentage fee ? I am sure everyone will do there own research when selling. My initial post was to highlight fixed price as a cheaper option to all of us who want to save money and that fixed price will be the way to sell in the future. Tesco and Google have picked up on this and after what I am sure is thorogh marketing research see a profit. There are already agents out there doing it without Tesco or Google's help and are showing as fast an increase in business as Estate Agents are seeing a drop in business.
I am sure traditional estate agents will eventually either work for Tesco or Google otherwise offer the same service as the fixed price agents.
I know where my money will be spent and as with any service I will ensure I get what is agreed.

trolleymate

googler wrote: »

I could. Perhaps you could reply to my first question at #59 first?

Please look back at your previous post replies, have already answered you.
Need to keep up so that this forum is not clogged up any further.

bigheadxx

googler wrote: »

...and it's wrong to make more profit now than in 2000.... why?

If you run a business, do you charge the same as you did then? Are you looking for the same turnover as in 2000, or more?

If you're on a salary, has your salary gone up since then? Is the business that pays your salary looking to make more money now than it did then?

There are plenty of goods and services that are cheaper now than in 2000. Given the impact of internet technology on the EA industry of the last 10 years why would the cost of selling a house have risen significantly and have they really increased by the same amounts as actual house prices?

trolleymate

bigheadxx wrote: »

There are plenty of goods and services that are cheaper now than in 2000. Given the impact of internet technology on the EA industry of the last 10 years why would the cost of selling a house have risen significantly and have they really increased by the same amounts as actual house prices?

If anyone is interested in further articles on estate agents / fixed price / online there is a lot of discussion and posts on lovemoney.com. Will give you links if interested. The majority swing is in favour of all the competition to drive estate agents pricing to a more realistic and fair level.

googler

bigheadxx wrote: »

There are plenty of goods and services that are cheaper now than in 2000. Given the impact of internet technology on the EA industry of the last 10 years why would the cost of selling a house have risen significantly and have they really increased by the same amounts as actual house prices?

None of which answers my questions..... apart from one, where you suggest that plenty of things are cheaper than in 2000.... such as?

The goods and services might be cheaper, but is the company providing them looking to make more profit than they did in 2000?

Your second sentence was addressed in part earlier - a longer list of examples of costs that have increased could include ;

fees to portals (as in increases in fees to current portals, and addition of new portals),
petrol,
staff salaries,
office leasing/purchase,
printing,
business rates,
charges for trade waste,
professional indemnity insurance,
etc etc

I don't know if any or all of these have gone up by the same as house prices. Do you? Would you agree that most, if not all, of these must have gone up since 2000....? Or do you think any of these would be cheaper than in 2000?

timmyt

bigheadxx wrote: »

There are plenty of goods and services that are cheaper now than in 2000. Given the impact of internet technology on the EA industry of the last 10 years why would the cost of selling a house have risen significantly and have they really increased by the same amounts as actual house prices?

i agree, agents could better compete on price, as their service does not justify their fee, not when Rightmove charge ..what only £180 a month for a whole EAs photos. Hardly much per sale.

But hats off, they -unlike us lawyers- have not cut their own throats and competed on price...well not really in the main.

And as I have said before, they can often pay for their fee by squeezing hard on the Buyer compared to if you did the sale yourself - not an easy job.

Fixed fees depending on value, well that is what lawyers do, or one fee for all (unfair to the poor/lower value houses)

Not easy.

If people will pay then that is the freemarket.

trolleymate

googler wrote: »

None of which answers my questions..... apart from one, where you suggest that plenty of things are cheaper than in 2000.... such as?

The goods and services might be cheaper, but is the company providing them looking to make more profit than they did in 2000?

Your second sentence was addressed in part earlier - a longer list of examples of costs that have increased could include ;

fees to portals (as in increases in fees to current portals, and addition of new portals),
petrol,
staff salaries,
office leasing/purchase,
printing,
business rates,
charges for trade waste,
professional indemnity insurance,
etc etc

I don't know if any or all of these have gone up by the same as house prices. Do you? Would you agree that most, if not all, of these must have gone up since 2000....? Or do you think any of these would be cheaper than in 2000?

Property prices have more than doubled since 2000 including recent downturn.
Surely nobody knows of any business that charges double the amount since 2000.
I also find things are getting cheaper due to the change in business models driving prices down through good healthy competition.

Insurance being a typical example with insurance as cheap as if not cheaper due to online comparison sites, these sites can find you a better price than going direct and they make a commision on top to boot.

Service still the same but cheaper..............Yes.

P.S. Googler : Still waiting on replies to my earlier posts and an apology for your unfounded accusation of spamming in a different thread.

MissMotivation

timmyt wrote: »

i agree, agents could better compete on price, as their service does not justify their fee, not when Rightmove charge ..what only £180 a month for a whole EAs photos. Hardly much per sale.

But hats off, they -unlike us lawyers- have not cut their own throats and competed on price...well not really in the main.

And as I have said before, they can often pay for their fee by squeezing hard on the Buyer compared to if you did the sale yourself - not an easy job.

Fixed fees depending on value, well that is what lawyers do, or one fee for all (unfair to the poor/lower value houses)

Not easy.

If people will pay then that is the freemarket.

It costs SIGNIFICANTLEY more than £180 per month to list on Rightmove!!