| Estate Agents 21:24 - Jul 9 with 4444 views | dna |
Anyone having the dubios pleasure of dealing with Estate Agents to purchase a property?
It's a nonsense - e.g. a house up for £210k, you offer the asking price, turns out a number other' people have done the same. So, it go to 'Best and Final Offer'
How this proceeds is a farce - you submit an offer and that's it - it's a blind auction. You could lose a house for a fiver, because they won't tell you what the best offer is,
If you offer (in this example £225k) and the 2nd best offer was £218k, you pay £225,
they're taking the P - it's certainly not a buyers market!! [Post edited 9 Jul 21:30]
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| Estate Agents on 10:09 - Jul 17 with 713 views | onehunglow |
What has always put me off estate agents and indeed selling our house is the conveyancing aspect whereby legal chaps are employed
We’ve been in this house 40 years and we’ll remember the knob who carried out the conveyancibg side |  |
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| Estate Agents on 12:03 - Jul 17 with 677 views | Togg |
| Estate Agents on 09:51 - Jul 17 by union_jack |
Sounds like a ‘stack them high, sell them cheap’ which is good for the agent with turnover but not for the individual vendor. |
Absolutely. The way they like to work is start with offers over ex amount which is usually below market value, in attempt to get a certain figure. Hoping for a bidding war. The potential buyer sees a house in a nice area at lowish price. Hence more appointments but not always the right punter. The problem with this is potential low offers and pressure to sell. If you start at a higher price you can always drop. The other way around not so easy.
I can understand people who want a quick sale but when you tell an agent that's not you and you are in no hurry.
It might just be this particular person wasn't for me but might be ideal for another seller. [Post edited 17 Jul 12:04]
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| Estate Agents on 13:29 - Jul 17 with 633 views | Whiterockin |
| Estate Agents on 12:03 - Jul 17 by Togg |
Absolutely. The way they like to work is start with offers over ex amount which is usually below market value, in attempt to get a certain figure. Hoping for a bidding war. The potential buyer sees a house in a nice area at lowish price. Hence more appointments but not always the right punter. The problem with this is potential low offers and pressure to sell. If you start at a higher price you can always drop. The other way around not so easy.
I can understand people who want a quick sale but when you tell an agent that's not you and you are in no hurry.
It might just be this particular person wasn't for me but might be ideal for another seller. [Post edited 17 Jul 12:04]
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Its basically the "offers above" which has worked in Scotland for years. |  | | |
| Estate Agents on 13:47 - Jul 17 with 614 views | pencoedjack |
I used purple bricks last time was pretty easy & saved myself around 2% on estate agent fees (it was £600 but that was 11 years ago). What do estate agents actually do to justify taking 1.5%-2% of the sale. Everyone looks on RightMove when looking these days & its on there when using PB.
Solicitors on house sales are the most frustrating I have always believed they should be on a sliding scale on the sale.
4-6 weeks sale goes through they get 100% of the vastly overpriced fee dropping 10% every week it takes after that.
Never happen but it should. |  | | |
| Estate Agents on 07:59 - Jul 18 with 527 views | Whiterockin |
| Estate Agents on 13:47 - Jul 17 by pencoedjack |
I used purple bricks last time was pretty easy & saved myself around 2% on estate agent fees (it was £600 but that was 11 years ago). What do estate agents actually do to justify taking 1.5%-2% of the sale. Everyone looks on RightMove when looking these days & its on there when using PB.
Solicitors on house sales are the most frustrating I have always believed they should be on a sliding scale on the sale.
4-6 weeks sale goes through they get 100% of the vastly overpriced fee dropping 10% every week it takes after that.
Never happen but it should. |
A good estate agent will get you the best net price possible (after deductions) for your property, a poor estate agent will tell you what you want to hear and won't necessarily get it sold. Remember an estate agent works for and is paid by the seller not the buyer. | | | |
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