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House Price Crash Forum

bailey

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About bailey

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  1. There is of course negative equity but even if sellers get a bit less than they paid or break even they still have the big problem of finding the deposit to allow them to move up to a bigger property. Probably a lot of them would have had a minimal, or no. deposit when they bought. Add to that they may have run up some bad credit and they will be lucky to get a mortgage at all.
  2. Cheaper is not necessarily worse. Have any of your friends or family used one they could recommend ? I don't know where you are but you don't have to use local, everything could be done by email, fax.etc. Big city solicitors tend to be more expensive than smaller towns but bigger practices are not necessarily more expensive than smaller ones. Phone round and get comparable quotes - it is no different than any other service. A solicitor can't act for more than one buyer at a time offering on the same property. Equally a solicitor can't act for the buyer and seller. However if it is a big prac
  3. bailey

    Edinbugh Latest

    It's a new campaign but they have done a tv ad before.
  4. bailey

    Edinbugh Latest

    It's a new campaign but they have done a tv ad before.
  5. Globrix do this spidery thing. It isn't a great site but it could be. However there have been quite a few agents moaning about permissions etc. You'd think they would be glad to get some more free ads.
  6. There is no real need for a new entrant as Rightmove is already there with Savills, Retties etc on it. However, they are expensive to use and in Scotland the SPC websites seem to get better results. I have used Rightmove in the past and I trialled some properties just listing there for a few weeks but when I then listed on ESPC viewings and enquiries definitely increased. Mind you that was a wee while ago and I think usage of Rightmove in Scotland has increased lately. There is already an SSPC site for all the prop centres in Scotland but it just redirects you to individual areas. If that enab
  7. A big problem is there are a load of EAs who have no experience of a falling or stagnant market. They don't understand that you don't chase the market down but you set the price initially to sell. If prices fall faster than expected then you will have to review but at least try and get it right the first time. There are agents out there telling people the market has really picked up since Christmas and it has, but considering i was doing zero in November and December then that wouldn't be difficult.
  8. Sack them. That's right, sack your clients I have tried a bit of that but they always say we don't want to go anyway - we trust you. But thinking about it that's a lot of b******s cos if they trusted me then they would do what I suggest. So the answer for me is to be more ruthless ! Just say to the prospective client: I'm sorry, I cannot accept this listing if you insist on pricing it at N pounds. I think it is only worth N-10% (or whatever), and so to advertise it to the public and try to sell it at N pounds would be to engage in the process of trying to rip people off. I'm not willing to d
  9. It used to be policy that Your Move contacted all their buyers weekly or fornightly so things are slipping if you haven't heard from them for a while. Usually buyers just check on the internet these days and it is only active buyers who do register. EAs should review their buyer list regularly - no point in continually emailing details to anyone no longer interested after all. It also means you could be telling sellers you have 500 buyers registered when in reality there are only a small percentage actively looking. As for the 'Oh dear ' remark you sound a bit cynical. Imagine I register some
  10. Mind you the seller might not want to speak to you.
  11. This sounds exactly the same as the LINK scheme set up a couple of years ago and was pretty much a disaster. Applications were taking 9 months or more to process and buyers I know who went down that route gave up in frustration because of the obstacles put in their way.
  12. Yes nothing illegal there.
  13. It certainly is but on the first point EAs have to take all offers to their client unless they have been specifically instructed by their client that they do not want to know about any offers below the fixed price.
  14. There are a couple of big agencies who own surveying companies and I can't deny being suspicious of some of their values. However picking up on a few points : It isn't unusual for the agent to put a price guide on. I had one recently that I thought was about 57k but when the surveyor went out he said 52K so he didn't just go along with me and quite right too. Was the cancellation fee in addition to a marketing fee. I charge a marketing fee payable when sold or withdrawn, same as most agents but not a cancellation fee as well. I don't know if they are being deliberately difficult - that woul
  15. This was a big issue when HRs came in as most people thought that buyers would not trust a survey the seller had instructed. However, this has proved not to be the case. I would be happy for a buyer to get their own survey if they want as long as they pay for it themselves. I know the surveyors we use are all reputable firms who want to protect their own reputations. I am not saying that all firms and areas are the same though. Initially a lot of lenders were instructing surveys of their own but that has died off now. It has certainly sped up the whole process. The only ones they won't acce
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