Estate Agency Closures

MortgageMamma

its not just the estate agents suffering, mortgage brokers are too. And solicitors who do conveyancing. And HIPS providers. And people are being made redundant from lending institutions daily, with financial companies folding, maybe 2-3 a week. why don't we start a thread to name and shame all these professionals who go out of business due to the credit crunch that will be fun.

Perhaps we could also publish the anguish of their children and partners and the stress it puts on their families when the money stops coming in and they verge on bankruptcy and get reposessed.

You really are nasty people to gloat at other peoples misfortunes, be they estate agents or not, they are still people doing jobs just like you and me, doing their best to earn a living and provide for their families.

m00m00

Jorgan wrote: »

Nothing new there then. Your Move have been shutting branches since 2002.

I knew many many details about Your Move when they were still owned by NU.

I'm amazed they have any branches left at all

Microstar_2

MortgageMamma wrote: »

its not just the estate agents suffering, mortgage brokers are too. And solicitors who do conveyancing. And HIPS providers. And people are being made redundant from lending institutions daily, with financial companies folding, maybe 2-3 a week. why don't we start a thread to name and shame all these professionals who go out of business due to the credit crunch that will be fun.

Perhaps we could also publish the anguish of their children and partners and the stress it puts on their families when the money stops coming in and they verge on bankruptcy and get reposessed.

I have bought and sold quite a few houses and have had more contact with EA's than the average person. On two occasions I have been the victim of dishonest EA behaviour, the second time resulting in a court case - thankfully. It is little wonder that EA's occupy a special place in the demonology of the British public.
IMHO EA's are a major part of the problem we have in this country with unstable house prices - any that lose their jobs are at least in part the architect of their own suffering. You are also too free with your use of the word 'professional' - for the most part they are nothing more than glorified horse-traders.

MortgageMamma

well perhaps I have had the priviledge of working with, and buying from excellent EAs who know their market and offer superb standards. There are dishonest occupations in all areas of life. the cabbie who charges an old lady an extra fiver because he knows she wont dispute it, the carers who leave elderly senile patients sat in their own waste for hours, the people who test on animals, the drug deals, the pimps, harold shipman, bent coppers, bent accountants, dodgy mortgage brokers, dodgy IFA's, rogue traders - yet none of them seem as hated as the common estate agents.......why?

Brian_Bullocks

MortgageMamma wrote: »

its not just the estate agents suffering, mortgage brokers are too. And solicitors who do conveyancing. And HIPS providers. And people are being made redundant from lending institutions daily, with financial companies folding, maybe 2-3 a week. why don't we start a thread to name and shame all these professionals who go out of business due to the credit crunch that will be fun.

Tell me where to post a couple of box's of Kleenex® :beer:

UK007BullDog

MM - because they touch everyones lives one way or another.

We also had bad experiences with EA's. And now that the market is down we get calls up to 10pm in the evenings and weekends asking if we are still looking for properties. This was 3 to 4 years ago and then they would not even mail us details and now ............

Quite a number take/took money from landlords without doing anything. They did the same to the renters......

In my area all is still fine, no EAs closed down as yet, but there are less sales happening. Property bee is not working for me as the properties are being relisted as new and they somehow found a way around the property bee's system. If there is a price reduction it is very slight. I have not seen many. However rents are going up like crazy. £900 per month for a 2 bed/1 bath house. And they seem to be snapped up. Total madness if you ask me.

MortgageMamma

To your local estate agents, who, however unpopular with the general public have been providing a valueable service for many years no doubt for thankless t-ssers who think they know it all.

MortgageMamma

anybody with any sort of connection with property or property finance/property transactions is scathed at by the majority in this country. Which is really suprising since our who economy is underpinned to a great extent by property.

Brian_Bullocks

MortgageMamma wrote: »

To your local estate agents

Can't do that, They've SHUT DOWN, and others will follow LOL

UK007BullDog

They did a service because the people are too lazy to sell their own home.

Its not rocket science to sell a property is it!?! In some countries they do not even have an estate agency system. But they do sell houses.

You just stick it in the local paper with your contact details or you put it on a website and ensure people get a response when they call, write or email you.

The problem lies on the fact that EAs get paid a pittance just like waiters, and need the commissions i.e. house sales to make a decent living wage.

The only EAs who becaume rich are the owners of EAs chains or those just dealing with the ultra rich.

As for Putney, I know that patch, they had 13 EAs within a few 100yards of one another. I went there once for a job interview and thought there is no way with all that competition there to meet targets on mortgages as most had advisers in their EAs......