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Sacking an Estate Agent

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  • GAH
    GAH Posts: 1,034 Forumite
    Keep it on with them, don't reduce the price, if you get a sale then missioned accomplished, and if they don't sell then it has cost them money into marketing for 5 months.

    If they have that many properties on, then it sounds as though, they work on a stack them high basis, and see how many we can sell.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Look at Zoopla, OurProperty, nethouseprice etc and see what similar houses have been SELLING for recently. How does your price compare to these? Do you think you're realistically priced, even though you 'hate' to reduce your price at the agent's recommendation.....?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Have you a rightmove link so we can give you advice about the pictures and price.

    Many estate agents overvalue to get business locking them into long contracts before asking them to lower the price.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • fannyanna
    fannyanna Posts: 2,622 Forumite
    Part of the Furniture Combo Breaker
    edited 30 March 2012 at 2:14PM
    Being locked in for 4 months sounds excessive and an unfair contract term to me.

    Have a look on the OFT website as I swear there was some guidance on estate agents and how long you can be locked into their contracts.

    EDIT: Ignore me I think I'm talking tosh lol.
  • brit1234 wrote: »
    Have you a rightmove link so we can give you advice about the pictures and price.

    Many estate agents overvalue to get business locking them into long contracts before asking them to lower the price.
    googler wrote: »
    Look at Zoopla, OurProperty, nethouseprice etc and see what similar houses have been SELLING for recently. How does your price compare to these? Do you think you're realistically priced, even though you 'hate' to reduce your price at the agent's recommendation.....?

    It is realistically priced, yes. It's one of the cheaper ones on the development. The last house to sell was a 2 bed, 2 storey (much smaller in sq ft) that went for £172K. Just don't think the agents are being as creative with the marketing as they could be...
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    fannyanna wrote: »
    Being locked in for 4 months sounds excessive and an unfair contract term to me.

    Why do you think it's 'unfair'?
  • StevenMarks
    StevenMarks Posts: 268 Forumite
    All the agents I dealt with were asking for six months sole agency but I refused to sign unless they reduced it to three.
  • googler wrote: »
    Why do you think it's 'unfair'?
    Unfair, because they've not achieved very much in the first - and most important - month of marketing. The agent has not even managed to get a single viewing, we've priced the house competitively and it's in a "nicer" part of the town.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Unfair, because they've not achieved very much in the first - and most important - month of marketing. The agent has not even managed to get a single viewing, we've priced the house competitively and it's in a "nicer" part of the town.

    None of which has anything to do with the contract....
  • flora48
    flora48 Posts: 644 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    I changed estate agents when selling last year but to be quite honest in this market there is not much to choose between them unless the EA is truly awful. I just kept ringing each week to ask for updates and getting them to alter the entry on Rightmove so that it showed up in new searches. If the property is correctly priced it will sell... eventually. Get them amend the pics on the details to take account of the seasons, eg. no snow in April. Ask how they are actively promoting your property. In fact you need to become a bit of a pain in the a** to the EA!
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