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EdinburghCrash

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About EdinburghCrash

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  1. When I was looking at flats in the autumn there were numerous places advertised -- on ESPC and the EA's -- as holding Sunday viewings that were not in fact holding viewings. In fact, Blair Cadell advertised one place as holding Sunday viewings for over a month after it _sold_. Total cretins and extremely unprofessional. EC.
  2. OIEO £190,000 for a basement flat in Leith: http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=9172049
  3. Here is a good resource for buy vs. rent calculations (but note you have to tweak the settings a bit to account for differences in the UK, e.g., the fact that tenants rather than landlords pay property/council tax): http://www.nytimes.com/interactive/business/buy-rent-calculator.html EC.
  4. update: According to the property bee plug in, the listing was changed to say "Closing Date noon on March 14th" at 8:54 am. today -- March 14th! EC./
  5. EdinburghCrash

    Strange?

    A couple of months ago I was interested in this property: http://www.espc.com/buying/296682.html which came on the market in late November. When I telephoned to set up a viewing, however, the listing agent told me it was 'temporarily withdrawn from the market'. This was in early January, I think (although possibly late December, I can't remember), because of a few minor repairs that needed to be done to the communal stairs in the building. The listing on the agent's website was very shortly thereafter changed to reflect this....the listing was still there (on espc.com as well), but "temporarily withdrawn" was listed on the page. The agent said it would be back on the market and I gave him my contact details, asking him to let me know when it came back on the market. A few weeks later, the posting disappeared from the agent's website, and I assumed it was permanently withdrawn from the market. A month or more went by, and then suddenly, last week, it appeared again on both the listing agent's website and espc.com. Then today I notice the ad suddenly says 'going to closing at noon on March 14th". I'm not sure when it was changed to say this, but it has only been back on for a week, and it didn't say that as of last Tuesday or Wednesday. Also, the agent never contacted me to let me know it was listed again. This all seems very strange to me, especially given that it is a _bank sale_. I thought the solicitor was obliged to try to get the most for the property that s/he can. But listing a property just briefly over the Christmas period, then taking it off the market and not showing the property, then putting it back on for at most a week, and not even contacting people who have expressed interest in the property....hard to believe this is what a responsible solicitor would do. Any thoughts? Am I alone in finding this very strange? EC.
  6. Somehow we go from 'how will you convince all these companies to pay for your service, when there are better established websites they are already giving their money to?' to 'they'll sue you if you try to offer free advertising'. I am familiar with the term 'copyright law', and wonder if you're familiar with the term 'google'? I take two points from it: 1. It fairly easy to design a website that compiles information from other websites without breaking copyright laws. 2. Companies fight tooth and nail to get listed high in google search results, since that's the first place people look. But somehow we are to believe they will try to hide the properties they have for sale from the website I'm envisaging. Anyway, I imagine people on this thread are a bit sick of this conversation, so I'll desist. (The Americans will come along and design this website soon enough, anyway. I just hope they think to extend it to Scotland.) EC. p.s. I'm crossing my fingers this makes it over here soon as well: http://www.manilla.com/
  7. I don't know the business model of other sites, but I would say don't bother asking established agents to sign up, just have a spider crawl their websites and compile the information. Make money some other way, e.g., by selling ads to mortgage companies and other firms home buyers/sellers might have special reason to be interested in. EC.
  8. It's a good question why I would expect or hope for a one-website-clearinghouse for property but not for cars, bathroom supplies, etc. I think there are many relevant differences, most of which have to do with the fact that houses are usually quite distinct individuals, whereas what stores, car dealerships, etc. typically sell are _types_ of products. Here's a comparison...check out what is for sale on this website: http://www.etsy.com/ It seems obvious that the people who sell on this site will, with probably very few exceptions, sell vastly more than if they each had their own website. And this isn't despite, but rather because, they're sharing space with other people they are in competition with. For people like Rettie, the advantage is market exposure: they would unquestionably get more market exposure if they were part of a conglomerate. At etsy.com, not every product gets viewed, even within the category...people look at purses or whatever until they see one they really like, and buy it. That's because there are a zillion for sale...of course you can't look at them all. But with a conglomerate website for property you filter down to what you want by area, price, size, sometimes features, and then you look at all the properties listed. So a place like Rettie wouldn't have to worry about their properties being 'lost' in a sea of competition. As ccc said, this is also about a business opportunity. Someone at etsy.com is probably making a lot of money. Finally, suppose there were a site of the kind I imagine. Wouldn't it basically kill all the competition? Would anyone waste time on espc.com, rettie.com, etc. I can't imagine they would bother. But that's a testimony to why a site like this would be valuable. EC
  9. From the article: "Announcements about cuts to council or ministry budgets are broadcast by the BBC almost daily. But Coalition ministers are often left seething at the failure to put them into the context of the Government's mammoth task of reducing the nation's crippling £155billion deficit. " It seems Cameron is pissed they are reporting news of cuts -- that is, that they are reporting news -- rather than reporting the news and offering the government spin/explanation on it.
  10. What is onerous is having to look at many websites, and not even knowing which ones those are. Sure, I suppose a person could find a listing of all the estate agents or solicitors or whatever that might list properties for sale in Edinburgh, then try to determine which use espc.com, and from that determine a list of websites one needs to check to find which properties are for sale in Edinburgh. And then check those websites regularly. But yes, this seems quite onerous to me and it seems ridiculous that selling agents haven't devised a better plan -- if for no other reason than that it would be in their interest to do so. But perhaps I have different expectations of what business should do to thrive. I have that 'new world' expectation that they should actually make it easy to buy from you. EC.
  11. TTD (or anyone else), do you have opinions on the best place to look to see all listed properties in Edinburgh? (This is a follow up to the point you made about not all properties being on espc). Do Rettie etc. really expect people to visit their websites, or is there some general clearinghouse for this information? thanks, EC.
  12. http://www.propertysnake.co.uk/site/detail/32186327 oops. Kinda fecked that one up, didn't you? EC.
  13. Alternatively, don't accept them as clients in the first place. It looks bad on an EA when they list a property well above what it's realistic value is, because it damages their credibility. The thing to remember is that the line between the seller and the EA gets blurred in the eyes of buyers and in reality. After all, while we know the seller owns the house, it's the EA who advertises it, promotes it, is associated with it, and so on. And if we see that you -- yes, you, not just the seller -- are trying to get 15% more than it's worth, then we feel, very correctly, that you are trying to take us for a ride. 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 do that. Put in these terms, it's frankly shocking that EA would ever accept overpriced listings. It's as if they do with the small hope there might just be a sucker out there. No wonder so many people take such a dim view of them. EC.
  14. Thanks all. As soon as I saw the 'whits' as 'what's' it made perfect sense. A lovely saying. EC
  15. What does 'Whits for you will no go by you' mean? I'm a foreigner. thanks, EC.
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