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Estate Agent work
Comments
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That's the same as with any sales job. In what other industry does the value of a product increase exponentially to compensate for people who dont buy?..... It wouldnt work in car insurance....
It's not increasing exponentially though, is it?
The vast majority of estate agents work on a "no sale, no fee" basis, which means a fee only becomes due upon a successful exchange of contracts.
There are those house that for whatever reason do not attract a buyer. Then there are those where a sale is agreed that for a variety of reasons do not reach an exchange of contracts.
Like it or not EAs will still have incurred the expense of marketing these properties, and will not receive any payment to cover these costs.
What other method of charging do you propose?
Seemingly the only alternative is to charge each seller upfront, regardless of whether their property sells. Which is unlikely to be terribly popular when a seller is offered the alternative of only paying, albeit a higher figure, when the sale successfully goes through.0 -
Most EAs seem unqualified parasites, just sell the property yourself, use an online service to get your property promoted, do the rest yourself.0
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Not necessarily. I did my homework. Chose a local leading popular one. Liked the bloke who came round. Happy with pics and description, etc. Friend had also used them.People get the agents they deserve.
But when it came to communication, they were rubbish. Buyer requested stiff shower dial was fixed - we did it immediately and told EA to tell them. They didn't. Told them a zillion times where we were moving to, yet they asked nearly every time we spoke. Asked them to chase buyers re getting a structural engineer round and told them weeks in advance when we were on holiday to avoid it clashing, but they booked him in for the Friday we were going. There were loads of other niggly things that they should have known simply by opening the file before ringing me (I often reminded them or repeated something I'd already told them, only for them to literally open the file and say 'oh yes, there's a note on the front of the file'). Got fed up with hearing it tbh.
The left hand didn't seem to know what the right hand was doing.2024 wins: *must start comping again!*0 -
PokerPlayer111 wrote: »Most EAs seem unqualified parasites, just sell the property yourself, use an online service to get your property promoted, do the rest yourself.
This is determined by your vast experience of recently being a first time buyer, therefore presumably interacted with a rather small sample size?!
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PokerPlayer111 wrote: »Most EAs seem unqualified parasites, just sell the property yourself, use an online service to get your property promoted, do the rest yourself.
Most folks who sell houses work for a living, and aren't available to take calls, conduct viewings, negotiate with buyers etc etc during the working day.
All other professionals involved in the sale (surveyors, solicitors, other agents) will be working a core 9-5, and typically won't be available evenings and weekends.0 -
This is determined by your vast experience of recently being a first time buyer, therefore presumably interacted with a rather small sample size?!
Only thing i've not done is sold a property through an estate agent, other than that i've dealt with 30-40 for renting/viewings/negotiations best guess, they dont offer much value, its a pretty decent sample.
Advice still stands, use online service and sell it yourself if you can.0 -
Given there are about 15,000 businesses that operate as estate agents in the UK, I'd say that's a very small sample!PokerPlayer111 wrote: »Only thing i've not done is sold a property through an estate agent, other than that i've dealt with 30-40 for renting/viewings/negotiations best guess, they dont offer much value, its a pretty decent sample.PokerPlayer111 wrote: »Advice still stands, use online service and sell it yourself if you can.
Depends a lot on the property in question, and where it's located.
That advice may be perfect in some cases, disastrous in others.0 -
Given there are about 15,000 businesses that operate as estate agents in the UK, I'd say that's a very small sample!
No its not a small sample when a very low percentage of the 30-40 actually provided decent value. Bad logic skills is common with EAs.
Online house sales sites are growing faster than traditional EAs for a reason.0 -
As a buyer, what measure do you use in order to determine what value for money an EA provides, given the buyer will not be paying the EA a penny?PokerPlayer111 wrote: »No its not a small sample when a very low percentage of the 30-40 actually provided decent value. Bad logic skills is common with EAs.PokerPlayer111 wrote: »Online house sales sites are growing faster than traditional EAs for a reason.
Hardly surprising, given 'online' sales sites barely existed 10 years ago. Yet, still account for only 6% of the market.0 -
No wonder PurpleBricks is gaining in strength.
Hmmm ...
http://uk.businessinsider.com/allagents-has-reposted-critical-purplebricks-reviews-2017-12
"allAgents removed the reviews on September 18 to avoid getting into what had the potential to become a costly legal fight ...
allAgents said that it's re-contacted all the Purplebricks reviewers to confirm the validity of their postings. Of the 26 negative reviews Purplebricks claimed were fake, allAgents said it was unable to verify three.
allAgents's director Martin McKenzie said in a statement:
"We stand behind the reviews, which have been proven to have been written in good faith. 'Fakegate' has been shown to be just what it always was — the bully-boy tactics of a company unwilling to deal with the concerns of genuine customers.
"Our re-instatement of Purplebricks' review profile and the disputed reviews has shown how solid our process is, and we sincerely hope Purplebricks will accept this and not threaten further legal action. We were unable to verify just three of the reviews, not surprising as some of them were two years old and three genuine reviewers have asked for their post to be taken down. A number of reviewers were very angry at having their authenticity questioned and we have decided to add their additional comments to the site.""0
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