Is there any point to estate agents?
May 14, 2008 at 22:50 | In Grumpy Old Man | 3 CommentsTags: Enfields, estate agents, HIP, home information pack, house
Since taking our house off the market recently, I’ve been wondering what exactly it is that estate agents do. Maybe they:
- Arrange a HIP: ignoring the fact that HIPs are a completely pointless waste of time and money, I got mine sent to the agent in the first place.
- Market my house: we had one advert in the paper, and I think describing the leaflets as brochures is pushing it a bit. There is Rightmove, but I prefer alternatives like ononemap myself.
- Find me a buyer: I’m pretty sure I could have found a buyer last year on my own, but now the market is on hold none of the estate agents seem to be having much luck finding them.
- Communicate: it’s a long process and regular updates and clear communications are essential… I’m just not sure they manage it.
When the market has settled/sunk to rock bottom, we’ll be putting the house up for sale again (hopefully before the pointless HIP has expired and they have to make up the same rubbish again). Despite my doubts, I expect we will probably use an estate agent again: it was very useful to have them doing all the viewings, and while I might not think Rightmove is the best site in the world, a lot of people do use it. (If only I could add my own house.)
It will be tricky choosing a new agent though, mainly because most of them seem fairly hopeless. For example, one agent, who we were already registered with, sent a compliment slip asking us to call quoting reference ML1, yet didn’t seem to really know what ML1 meant when I phoned. They’ve been sending the same slip ever since… sometimes twice a day! We’ve got quite a collection now:
Another agent, who originally wildly over estimated the value of our house, phoned randomly to gloat about how many viewings he had for an almost identical house. Viewings don’t always mean sales though and it still hasn’t sold! Frustratingly, one of the best agents, who we found while looking for houses to buy, doesn’t sell houses in our area. Bother.
Still, the way the market’s going we won’t need a new estate agent for a while, and there could be less of them left to choose by then.
T-Minus 6 days…
April 16, 2008 at 23:31 | In Life, the Universe, and Everything | 1 CommentTags: countdown, estate agents, house
…and counting!
After recent experiences trying to sell a house in the current market we’re thinking of giving up for the time being to see how sharply house prices end up declining. If the only offer we got is representative, house prices are set to drop like a stone this year. The offer didn’t seem completely unreasonable either: we only had one second viewing, and we’ve had no new viewings at all this week. It turns out that ours wasn’t the only house our would be buyer had made an offer on, so any actual offer we get could be even lower, and take a while to get.
Plan A (move house) was somewhat doomed after mortgages for first time buyers dried up the week after we put the house on the market! Plan B is to take the house off the market and see how low prices are going to get. Buying the next house for less is quite appealing. On the off chance that anything dramatic happens to improve things or our estate agent suddenly finds a buyer (their phones have been playing up recently so it’s not completely impossible) we’re giving it a few more days… hence the countdown. It’ll be quite nice not having to keep the place viewing ready all the time!
Even only managing such a short way through the process, I’ve been amazed about how much difference web 2.0 technologies have made to looking for properties since I bought my current house… and how completely estate agents seem to have failed to embrace it! It sounds like it isn’t just estate agents either, although Cerys did have a set of ticks an crosses she could monitor!
Estate agents hit by capital letter shortage!
February 22, 2008 at 09:26 | In Life, the Universe, and Everything | 3 CommentsTags: estate agents
Having been taking a keen interest in for sale boards recently, I’ve noticed that estate agents seem to be having problems sourcing good quality capital letters:
‘fox & sons‘ (part of ’sequence’)
‘goadsby‘
Is it just estate agents?
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