Jump to content
House Price Crash Forum
Sign in to follow this  
Guest rigsby II

And Yet Another Estate Agent In Trouble

Recommended Posts

a lot of people blame the banks and whatnot for the boom.

i put a lot of blame on the preverbial greedy unskilled EA.

when i offered on the farmhouse i was looking at, upon viewing the vendor said it had been reduced to 270k from 295k.

the ea called the next day to see what had happened on the viewing. is aid they had reduced it to 270k and she said "oh i dont think so. they never told me ect," like she thought 295k was a fair price.!!

shes more out of whack than the sellers were.

whatan idiot. they have NO IDEA about the markets they work in and act robotic in just bidding for the highest price just to get the client. foxtons sadi 280k, halifax said 285k so ill say 295k.

if they think that the sum activity of being an EA then god help us.

Share this post


Link to post
Share on other sites
Guest rigsby II

a lot of people blame the banks and whatnot for the boom.

i put a lot of blame on the preverbial greedy unskilled EA.

EA have split personalities I find.

On the one hand when you want to go and view something, everything in the garden is wonderful, houses are selling left right and centre, all reaching asking prices blah blah blah....

Yet when you phone up asking about the sale of your house, they say its dead as a dodo.

The latest bullsh*t was one I viewed and asked if there had been any offers on it. No. There were 'expressions of interest' though. Whassat I ask, er....we have sent out a brochure. twa*ts.

Share this post


Link to post
Share on other sites
Guest rigsby II

http://bankrupt.com/TCREUR_Public/050824.mbx

JUMP GROUP: Files for Liquidation as Mortgage Crisis Worsens

------------------------------------------------------------

About 2% of companies within the real estate sector are in

liquidation, while 3% have County Court Judgments filed against

them, said ICC Credit.

The report came as Jump Group Ltd. fell into administration

early this month, joining other real estate firms like

Centerpoint Development Ltd. and Amornite Estates Ltd.

Matthew Debbage, Head of Product and Marketing, ICC Credit,

said: "If the rise in mortgage debt and falling house prices

keep going, we might experience a significant economy slowdown,

which will push the number of companies failing in this sector

up."

Leeds-based Jump Group was established in 1995 with an issued

capital of GBP390,448. Through its 30 branches across

Lincolnshire and Yorkshire, the company engaged in property

dealing, property renovation and the provision of financial

services. In 2004, it had a turnover of GBP146 million, with a

profit of GBP0.5 million.

In August 4, the company appointed Paul Andrew Whitwam and

Gary Edgar Blackburn, of BWC Business Solutions, joint

administrators.

http://bankrupt.com/TCREUR_Public/050822.mbx

JUMP GROUP: Real Estate Agents Calls in Administrator

-----------------------------------------------------

Name: JUMP GROUP LIMITED

(Company No 03015584)

Nature of Business: Real Estate Agents

Address of Registered Office: BWC Business Solutions, 8 Park

Place, Leeds LS1 2RU

Trade Classification: 35

Date of Appointment: 4 August 2005

Joint Administrators' Names and Address: Paul Andrew Whitwam and

Gary Edgar Blackburn (IP Nos 8346 and 6234), both of BWC Business

Solutions, 8 Park Place, Leeds LS1 2RU.

http://www.jumpnow.co.uk/

Website Still Trading Though...

Share this post


Link to post
Share on other sites

Estate agents are sales people and estate agents offices are sales offices.

This is there job , i dont see the sense in hating them so much, its just a buisness and in buisness the idea is to make money.

sale's spin is what its all about, this is why some people sell double glazing and others just fit double glazing.sales is not easy the salesman usualy gets more wages than the fitter, becuase "its the man that gets the job that makes the money not the man that does the job"

Many estate agents would have come from the double glazing sales arena, DG is a much muted sales area now its played out becuase most houses have already bought the upvc windows.The 80s was the boom times.

Sales people if there smart switch to the next easiest thing to sell, they dont sit around flogging a dead horse.Why work harder than you need to for a lower wage?, best running to the product which sells itself then move onto the next one.

80s double glazing

90s timeshare

00s houses

inbetween youve had good sales in damp proofing, conservatories,cars, water filters, condom machines,party planning, weight loss and all manner of things. guys that make the real money in sales have probably sold them all during there careers.

and when the housing gets crappy they will move on to the next thing to catch the publics imagination

it is and always has been spin, brass neck is what they get the good money for and there worth it.

Share this post


Link to post
Share on other sites

STAFF at a chain of Barnsley estate agents are owed thousands of pounds in unpaid wages, the Chronicle has learned.

Just wait until this shockwave impacts the local MINI dealership and purveyors of cheap suits.

inbetween youve had good sales in damp proofing, conservatories,cars, water filters, condom machines,party planning, weight loss and all manner of things. guys that make the real money in sales have probably sold them all during there careers.

and when the housing gets crappy they will move on to the next thing to catch the publics imagination

it is and always has been spin, brass neck is what they get the good money for and there worth it.

What's next, gold?

Share this post


Link to post
Share on other sites

http://bankrupt.com/TCREUR_Public/050824.mbx

JUMP GROUP: Files for Liquidation as Mortgage Crisis Worsens

------------------------------------------------------------

About 2% of companies within the real estate sector are in

liquidation, while 3% have County Court Judgments filed against

them, said ICC Credit.

The report came as Jump Group Ltd. fell into administration

early this month, joining other real estate firms like

Centerpoint Development Ltd. and Amornite Estates Ltd.

Matthew Debbage, Head of Product and Marketing, ICC Credit,

said: "If the rise in mortgage debt and falling house prices

keep going, we might experience a significant economy slowdown,

which will push the number of companies failing in this sector

up."

Leeds-based Jump Group was established in 1995 with an issued

capital of GBP390,448. Through its 30 branches across

Lincolnshire and Yorkshire, the company engaged in property

dealing, property renovation and the provision of financial

services. In 2004, it had a turnover of GBP146 million, with a

profit of GBP0.5 million.

In August 4, the company appointed Paul Andrew Whitwam and

Gary Edgar Blackburn, of BWC Business Solutions, joint

administrators.

http://bankrupt.com/TCREUR_Public/050822.mbx

JUMP GROUP: Real Estate Agents Calls in Administrator

-----------------------------------------------------

Name: JUMP GROUP LIMITED

(Company No 03015584)

Nature of Business: Real Estate Agents

Address of Registered Office: BWC Business Solutions, 8 Park

Place, Leeds LS1 2RU

Trade Classification: 35

Date of Appointment: 4 August 2005

Joint Administrators' Names and Address: Paul Andrew Whitwam and

Gary Edgar Blackburn (IP Nos 8346 and 6234), both of BWC Business

Solutions, 8 Park Place, Leeds LS1 2RU.

http://www.jumpnow.co.uk/

Ho Ho!!!! Didn't we ALL see this coming!???!!!! This isn't the beginning.... this is just the beginning of the beginning.....

Share this post


Link to post
Share on other sites

I find it hard to believe, IMPO, that any EA has not made an absolute fortune in the past 4 years. It would not surprise me to see many EA businesses now closing down as the owners take advantage of the new bankruptcy laws to close down their businesses.

For example, whist I am not refering to any EA specifically but talking in general terms, an owner may well have made a fortune in recent years, paid him/herself a large cheque and now close the business down relying on the Government to pay any missed wages/NI contributions under the bakruptcy laws.

Share this post


Link to post
Share on other sites

I find it hard to believe, IMPO, that any EA has not made an absolute fortune in the past 4 years.

i presume you are referring to owners or director's rather than normal employees?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 337 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.