Not intending to be personal, but your username and spelling proficiency makes you supremely well qualified to be a negotiator for any one of the EA chains in my part of the world (NE London).
Never a good idea to criticise someone for their spelling, and then make spelling and grammatical errors on the same post!
Not intending to be personal, but your username and spelling proficiency makes you supremely well qualified to be a negotiator for any one of the EA chains in my part of the world (NE London).
Never a good idea to criticise someone for their spelling, and then make spelling and grammatical errors on the same post!
Originally posted by nicksss: Bring on HIPS I say - at least you'll get the serious vendors coming out to play.
Wouldn't be totally surprised if HIP's was shelved - the whole thing will be a bleeding nightmare. Fewer houses for sale - guess what will happen to prices.....
Originally posted by TrevGo: Please, anyone in the industry; explain to me how, if it's not the easiest, money-for-old-rope scam on earth, one street in one area can support 21 identical profit making businesses?
Because the average sale makes £4,000. You don't need many sales to be in profit in such a business (particularly if salary costs are comission based).
My main street has loads of EA's. As a comparator, the owners of the carpet shop and expensive dress boutique on the same street both say that they only need a handful of carpet/dress sales a week to make a profit.
In West Swindon there is a small Parade of about 7 shops. The mighty H*lifax has been there for 16 years. Around 10 years ago an Independent EA opened up right next door to the H*lifax. This will be good for a laugh I thought the Indy won't last very long but they have and they are still there in spite of very high rental rates on these shop properties. The laughable thing is that both of these EA's look across a road at houses.... and there are 3 houses with the sold signs up.....but not their's! (that's worth a double laughing smilie I think!). Mel.
Originally posted by Simulcra: MODS: My post was up for review because of keywords. If there is a problem, then please let me know what you dont like and just take it out?
FROM THE MODS. OK SIM, WE HAVE REMOVED THE KEYWORDS AND POSTED YOUR COMMENTS> THANKYOU>
Sorry SOP, This is the post I was referring to think it was the 5th one for this thread.
If its lost then so bit it, alls I was asking is if there are problems then just take out the offending items and post it with comments!
" and you bunch of useless would love to up your and tell you where to business. "
Originally posted by Simulcra: MODS: My post was up for review because of keywords. If there is a problem, then please let me know what you dont like and just take it out?
FROM THE MODS. OK SIM, WE HAVE REMOVED THE KEYWORDS AND POSTED YOUR COMMENTS> THANKYOU>
Sorry SOP, This is the post I was referring to think it was the 5th one for this thread.
If its lost then so bit it, alls I was asking is if there are problems then just take out the offending items and post it with comments!
" and you bunch of useless would love to up your and tell you where to business. "
Originally posted by TrevGo: Please, anyone in the industry; explain to me how, if it's not the easiest, money-for-old-rope scam on earth, one street in one area can support 21 identical profit making businesses?
Because the average sale makes £4,000. You don't need many sales to be in profit in such a business (particularly if salary costs are comission based).
My main street has loads of EA's. As a comparator, the owners of the carpet shop and expensive dress boutique on the same street both say that they only need a handful of carpet/dress sales a week to make a profit.
I'd love an average fee of £4,000! Staff costs are high, Prime high street positions are very expensive! Company cars, press and internet advertising, heating lighting telephone etc... all required to keep turning a profit. We would be doing well to sell a property a day at an average fee of £3,000.(as everyone wants to barter our fee down) Now lets look at the very well respected funeral business. Three funerals a day at £3,000 a go. Secondary location for premises Company cars that don't need replacing every three years as they get minimum wear and tear.No advertising and no negotiation of their fees. Oh and where in the UK have you seen more than one or two funeral directors in any town! It's a case for the monopolies and mergers commission.
"The greatest trick the Devil played, was convincing us all that he did not exist"
Immy, 365 sales a year? can I come and work for you please! I would have said that the average EA office would achieve closer to 80 sales a year with an average fee closer to £2,500. Obviously there are the exceptions to the rule in expensive areas like Blackheath, Chislehurst etc but lets be realistic.
I did say we would be doing well to sell a property a day. We gross about 4 a week and net maybe 3 at an average of £3,200 so 156 completed sales a year About a sixth of the turnover of a funeral director I would best guess!!!!
"The greatest trick the Devil played, was convincing us all that he did not exist"
There are 2 types of people that are renowned for (I can't think of a polite term...). An estate agent or a car sales person. Now considering you spend the most amount of money with these two types you would think they would give superb service.
My local greengrocer spends more time explaining the different types of apples than these do selling their products and he's on the bones of his backside.
Bob Most peoples greengrocer these days is Tesco's or Sainsbury's. The average person gives more money and indeed profit to these people in a year than they give to an EA in 5 years
"The greatest trick the Devil played, was convincing us all that he did not exist"
Originally posted by immy21: Bob Most peoples greengrocer these days is Tesco's or Sainsbury's. The average person gives more money and indeed profit to these people in a year than they give to an EA in 5 years
The principal difference being that when you visit a supermarket you come away with goods to the value of your expenditure, whereas if you employ an estate agent you start with a house worth x and end up with x minus several thousand pounds!
God, do you know what? I've had so many issues with my estate agent. It takes me back to the days when I was a student and to deal with letting agents who were even worse.
Originally posted by immy21: Bob Most peoples greengrocer these days is Tesco's or Sainsbury's. The average person gives more money and indeed profit to these people in a year than they give to an EA in 5 years
The principal difference being that when you visit a supermarket you come away with goods to the value of your expenditure, whereas if you employ an estate agent you start with a house worth x and end up with x minus several thousand pounds!
Arhh but that's the clever thing perceived value some of the wealthiest people on earth (none EA's I might add) make their money by drip feeding it out of you look at Hans Rausing every thing is in a tetra pack and everyone pays his healthy profit margin. I had a mate at school that would borrow 5p from the first year's every friday in order to buy booze. He would literally ask 50 or 60 of them every time never intending to pay anyone back and because it was just 5p no one really minded.
"The greatest trick the Devil played, was convincing us all that he did not exist"
you could sell a property in Europe, or the rest of the world maybe then you would appreciate the low cost of doing it in the UK. Do you know in 3 years of posting, I've still not had a satifactory responce to this one
"The greatest trick the Devil played, was convincing us all that he did not exist"
Originally posted by immy21: you could sell a property in Europe, or the rest of the world maybe then you would appreciate the low cost of doing it in the UK. Do you know in 3 years of posting, I've still not had a satifactory responce to this one
The fees charged by estate agents in the uk are far higher than anywhere else in europe.
Please do tell us oh learned immy, what is the average price of a house in Poland, and Croatia and Norway. Then do the arithmetic and you'll see that uk agents are grosssly overcharging.
I have a note of some statistics that were mentioned on TV a few months ago. The property market in the UK generates £10billion in "fees" each year. Half of that goes in stamp duty; £1billion to qualified solicitors; and a ridiculous £3billion to unqualified salespeople called estate agents. They didn't mention where the other £1billion went.
Originally posted by immy21: you could sell a property in Europe, or the rest of the world maybe then you would appreciate the low cost of doing it in the UK. Do you know in 3 years of posting, I've still not had a satifactory responce to this one
Not many people are lucky enough to have the money to buy and sell abroad, which might be why you have not had a response. But out of interest, if the charges are more in the rest of the world, what do you get for your fees that you don't get here?
Originally posted by Joolz S: I have a note of some statistics that were mentioned on TV a few months ago. The property market in the UK generates £10billion in "fees" each year. Half of that goes in stamp duty; £1billion to qualified solicitors; and a ridiculous £3billion to unqualified salespeople called estate agents. They didn't mention where the other £1billion went.
Lots of EAs are well qualified. You have a choice about whether you use qualified/ unqualified EAs. No body forces you to use an EA, but I expect, in most cases it is the vendor who approaches the Ea, not the other way around.
6% in Spain or the US similar house prices France is similar and again similar house prices shame you could only come up with Poland where just about everything is way cheaper your argument is again quashed!
"The greatest trick the Devil played, was convincing us all that he did not exist"
1.5% in the Netherlands. Houseprices generally lower than in SE UK.
All EAs qualified and regulated.
However: it's not just vendors that employ EAs. many buyers do as well (EAs are generally very knowledgeble). So there is arguably a wider market for an EA.
Originally posted by immy21: 6% in Spain or the US similar house prices France is similar and again similar house prices shame you could only come up with Poland where just about everything is way cheaper your argument is again quashed!
To suggest that property prices in France are comparable to the UK is perhaps the most absurd comment you have ever made, and your benchmark is pretty high.
Estate agents like you will eventually have to learn that lying at the top of your voice is no substitute for telling the truth.
