Mary Portas takes on the Estate agents

AD9898_2

Cleaver wrote: »

God, what a pr*ck he was. The sad thing is, he's not really a caricature as I reckon 50% of the young, male estate agents I've met are just like him. Massive stupid hair, sharp suit and an opinion that they're god.

I actually agree with Mary when she says that EAs are not really that necessary any more. Can't we all just pay a small fee to list on Rightmove and sell each other our homes?

Yep agree Cleaver, Fuk 'em off. Useless slimey pricks.

Guitar

Wheezy wrote: »

For those who missed the programme:

I realize this is bumping an old thread but.....http://www.break.com/index/creepy-dude-makes-same-face-in-every-pic1.html

greenmoneysaver_2

Good timing - I received an email about this familiar property today. . .

http://www.kfh.co.uk/residential/flats-for-sale/london-muswell-hill-n10-woodland-rise/2012108/

Mary_Hartnell

lostinrates wrote: »

"Hamptons" have a different commission system to most...which IMO fosters better service for buyers (and their own clients the sellers), meaning when it gets serious about a house then the agents can more easily (financially)work as a team for that rather than cover their own backs for commission. Its noticeable, isn't it?

What is their formula - I don't remember it being explained to me?

I have sold a house relatively recently, the "local" "Hamptons" wanted 3% and would not budge on that - I felt a bit like the poor relation as the property was not worth a 7 figure sum, only a few 100 thousand.

I must have visited about 10 estate agents before finding one I "clicked" with.
He did a much better job than I could have done myself for 2%, and I was up front about competing with him, as well as co-operating.

Am I right in thinking that the likes of "Rightmove" will not take listings from private individuals, in part because they don't want to upset their estate agent customers but also because they don't want to get involved in the accuracy of the adverts?

lostinrates

Mary_Hartnell wrote: »

What is their formula - I don't remember it being explained to me?

I have sold a house relatively recently, the "local" "Hamptons" wanted 3% and would not budge on that - I felt a bit like the poor relation as the property was not worth a 7 figure sum, only a few 100 thousand.

I must have visited about 10 estate agents before finding one I "clicked" with.
He did a much better job than I could have done myself for 2%, and I was up front about competing with him, as well as co-operating.

Am I right in thinking that the likes of "Rightmove" will not take listings from private individuals, in part because they don't want to upset their estate agent customers but also because they don't want to get involved in the accuracy of the adverts?

I felt cheesed off my father only negotiated to 1.5% for their house Is that considered good these days?

Really2

lostinrates wrote: »

I felt cheesed off my father only negotiated to 1.5% for their house Is that considered good these days?

It is really (depending on what their presence is like and ability to sell the property at the higher end of valuation)
Lots of agents have shut up shop so they have been able to get fees back up (but not to pre bust levels).
I got 0.5% in 08, but agents were on their knees then.

chewmylegoff

Really2 wrote: »

It is really (depending on what their presence is like and ability to sell the property at the higher end of valuation)
Lots of agents have shut up shop so they have been able to get fees back up (but not to pre bust levels).
I got 0.5% in 08, but agents were on their knees then.

not sure the fees were really any higher pre-crash. i paid 1% when i sold in july 2007. i had a couple of other agents around including a big nationwide chain and they both wanted 1.25%.