New Estate Agency Model- Thoughts?

silvercar

How are the buyers finding you?

PasturesNew

Ewan_THS wrote: »

my fee will invariably be £995

Ewan_THS wrote: »

... works beyond the typical hours of a traditional agent...


I will only need to sell 2 properties/month to earn a wage.

You will struggle at £2k/month to break even as you'll need to be paying somebody else, plus the cost of their equipment, to be available to speak with buyers/potential buyers etc as you can't guarantee to be available and can't leave phones ringing.

You'll, at first, be out full-time door knocking/leaflet dropping or similar marketing activities; you'll be working on your sales pitch and follow up calls; you'll be answering the phones and booking appointments/doing viewings. Then there's all the feedback calls and chasing, etc.

You can't do that without having somebody else answering the phones, etc etc.

Then there are your costs of fuel for the viewings. I think to set a £2k/month to break even is optimistic once you've got some clients on board and at various stages of the process. And costs of the press advertising - EAs get a discount because they block book slots for months/a year in advance - I bet your £2k would really struggle to pay even the local press bills.

£2k sounds a fortune, but is soon gobbled up in essentials.