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Shamus

Are The Estate Agents Funds Running Out Yet

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Are the Estate Agents Funds Running Out Yet? ...Perhaps when they are they will be a lot keener in setting lower asking prices?

Where I live along the south coast there are loads and loads of Estate Agents. They are always twiddling their thumbs and waiting for someone to enter their office. It's very rare to see people in with them so the number of properties selling must be very low. Now I would of thought that most EA's have a pot of money saved during the good times. How much longer do you think the money pot's will last? When it is running short won't they become more proactive in selling properties at keener prices? Maybe the crunch is coming. If I was an EA I would not take on properties which I thought couldn't sell easily. I would be drawing up a waiting list and explaining that I wouldn't take propeties on unless the sellers would except that the selling price could be 10-15% less than the asking price. It just strikes me that a lot of national and independant EA's are hanging on quite well at the moment.

Also I was in Salisbury today and had a laugh at an EA office which had a sign on the door warning people before they entered the door that they don't do letting's? Surely they should cotton on that this might be a better market to be in right now. Around the corner there were several EA's which had closed quite early this surprised me too! On a brighter note for those who like a bargain there is a nice big 'Poundland' shop going up smack in the centre of a main street leading to the Cathedral (prime retail position) - Interesting times ahead!

Edited by Shamus

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I believe in the last crash EA's refused to market over-priced properties. It just isn't worth their time.

When is someone going to start a world Solitaire championships?

They must be incredibly good by now.

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Where I live along the south coast there are loads and loads of Estate Agents. They are always twiddling their thumbs and waiting for someone to enter their office.

Even in a boom, estate agents' offices are mostly pretty quiet on weekdays. If you're noticing that they're quiet on a Saturday afternoon then something is going on, but otherwise it doesn't prove much.

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I was in Evesham (WORCS) yesterday--very busy Saturday morning with people crowding the streets etc. Went into our largest EA's office. Six of them sitting around drinking tea with not a single customer. Two quickly grabbed a phone to look busy! I was looking for a rental for my sister and was directed to that department as looks of hope faded on the EAs faces (I was probably the only person to eneter their doorway that morning). Bottom line: rentals are flying off the shelves. I asked why and was told there were 3 reasons:

Divorces (too much debt?), STRs and influx of foreign dentists/doctors/plumbers etc.

The only "SOLD" signs in this area are STC. In other words, not sold, just under offer with a huge chain.

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Guest rigsby II

..had a laugh at an EA office which had a sign on the door warning people before they entered the door that they don't do letting's? Surely they should cotton on that this might be a better market to be in right now.

'Lewis Wadsworth no longer sell residential properties, we specialise in residential lettings and surveying services.'

http://www.lewiswadsworth.co.uk/sales.html

These guys have been around since the year dot selling houses.

Until now.

:)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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