It’s always baffled my why the likes of estate agents and car sales people don’t open late into the evenings and longer on weekends and bank holidays. I’d have thought that’s the time that suits most people to come in and make enquiries, leading to a purchase?
Ive mentioned before about freakonomics, where EAs are only incentivised up to a point. As the agents cut is only 10% of the agency’s fee of 1%, It quickly gets to a point where it’s not worth thier time to chase every offer.
£100k house means agency gets £1k, with the agent getting £100. If he has to spend 2 more hours doing viewings and chasing people to get the bid up to £105k, the extra money in his pocket is only £5- so not worth his time. They’d be better spending those two hours on another house to get an offer somewhere near the asking and move on.
It stinks, but that is sales I suppose! Until the system changes, expect more of the same.