Monday, Jan 08, 2007
I just wanted to post this article for this wonderful quote,
FT: Just a note to say: can I buy your house?
"On the other hand, leafleters may be wise to try and bypass estate agents, who only act in the seller’s interest, not the buyer’s."
Posted by sam @ 01:39 PM (772 views) Add Comment
5 Comments
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1. inflation is eating my savings said...
I think we should all try the reverse philosophy and leaflet people in the houses we want telling them about the "hidden crash that is happening that they don't want you to know about"
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. rich said...
Estate agents work in their own interests.
Say they get 1% of purchase price... say £3k on a house worth £300k... they could either do virtually no work, sell for £290k, and earn £2.9k, or do they could put lots of hours in and get the seller £310k, for only another £200.
It's not really worth their time unless business is quiet.
But you guys know that already... I'm just bored at work this afternoon...
4. Sam said...
looks like someone's been reading freakanomics.
5. Doomwatch said...
Rich, hence the reason they over-value properties in the first place. It's nearly as bad for printing money, as the Bailiff industry.