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Forget houses, invest in EAs


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http://www.bbc.co.uk/news/av/education-41653983/the-19-year-old-millionaire-estate-agent

When did th BBC start taking rejects from the Express?

'Akshay Ruparelia, 19, set up an online estate agent while he was studying for his A-levels.

He set the company up because he thought commissions were too high.

He currently charges £99 to sell a property.

The company, Doorsteps.co.uk is now valued at £12m and is the 18th biggest estate agent in the UK.'

https://beta.companieshouse.gov.uk/company/10543118/filing-history

 

 

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31 minutes ago, crashmonitor said:

Set one up, don't invest in one to be clear. £99 to sell a property.....not good for the likes of Purple Bricks. The Market looks crowded.

From the job figures yesterday EA's were plumb last in the pile of wage increases ..for the traditional high street ones charging 1000's for doing nothing much they good times are over I suspect 

 

https://doorsteps.co.uk/index.php#how

Looking at that even 99 quid seems high ..all they do is take pictures and put it on right move ..you host the viewings yourself. How long until Rightmove etc just allow sellers to advertise directly themselves ? 

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8 minutes ago, fru-gal said:

How can it be worth £12 million when it was only set up a few months ago?

I guess the site was setup a while ago and they only recently created and incorporated a limited company.  There are scripts and template sites setup for this exact purpose.  I can't see how it can be worth £12million though.

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2 minutes ago, Nabby81 said:

From the job figures yesterday EA's were plumb last in the pile of wage increases ..for the traditional high street ones charging 1000's for doing nothing much they good times are over I suspect 

 

https://doorsteps.co.uk/index.php#how

Looking at that even 99 quid seems high ..all they do is take pictures and put it on right move ..you host the viewings yourself. How long until Rightmove etc just allow sellers to advertise directly themselves ? 

This has also been done before, I've seen other sites offering the same services for £79.  I don't think they lasted long.

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1 hour ago, Nabby81 said:

From the job figures yesterday EA's were plumb last in the pile of wage increases ..for the traditional high street ones charging 1000's for doing nothing much they good times are over I suspect 

 

https://doorsteps.co.uk/index.php#how

Looking at that even 99 quid seems high ..all they do is take pictures and put it on right move ..you host the viewings yourself. How long until Rightmove etc just allow sellers to advertise directly themselves ? 

Assuming there's no ctaches ad it does cost 99 for  what they say then they will be losing money.

There's far more than $99 in labour cost in what they are promising - visit, piccies, listed etc etc.

Bare minimum - piccies, value,, listed on web, Id reckon a no commission Ea faces costs of ~600 per house.

 

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8 minutes ago, spyguy said:

Assuming there's no ctaches ad it does cost 99 for  what they say then they will be losing money.

There's far more than $99 in labour cost in what they are promising - visit, piccies, listed etc etc.

Bare minimum - piccies, value,, listed on web, Id reckon a no commission Ea faces costs of ~600 per house.

 

Indeed. You'd have a job even covering the Rightmove fees at £99 per property.

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40 minutes ago, juvenal said:

For £99 quid you get a boy with a sandwich board and a megaphone, shouting about original features, south-facing aspect and there's an Open Day on Saturday....

Employ him in some third world economy and point a web cam at him. $1 a day if his lucky.

Now you're a global enterprise.:D

 

Globalisation means to don't need to worry about losing your slaves on the long sea voyage. They can be exploited at source.

Edited by Lord D'arcy Pew
grammar
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2 hours ago, spyguy said:

Assuming there's no ctaches ad it does cost 99 for  what they say then they will be losing money.

There's far more than $99 in labour cost in what they are promising - visit, piccies, listed etc etc.

Bare minimum - piccies, value,, listed on web, Id reckon a no commission Ea faces costs of ~600 per house.

 

He's got over 1000 listings so he got his £100k for the year. rightmove subscription is about £7k per annum probably the same for some crappy call centre or take the calls. The extra £100 for photos and floor plans is break even. Outsourced to niche or the like.

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1 hour ago, houseface2000 said:

He's got over 1000 listings so he got his £100k for the year. rightmove subscription is about £7k per annum probably the same for some crappy call centre or take the calls. The extra £100 for photos and floor plans is break even. Outsourced to niche or the like.

No.

He cannot outsource sending someone round to take photos and enter the details.

There's probably 3h work involved just with that.

Never mind runnign the server, office rent, RM subs etc.

 

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6 minutes ago, spyguy said:

No.

He cannot outsource sending someone round to take photos and enter the details.

There's probably 3h work involved just with that.

Never mind runnign the server, office rent, RM subs etc.

 

High street Estates agents currently outsource floor plans and photography to company's like Niche and Floorplanz. This is what happened when I sold my flat. Took 45 minutes all in. 

Hes outsourcing enquiries etc to a call centre no office needed. Please explain NO he can't outsource. Why can't he ?

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1 hour ago, juvenal said:

Anyone like to comment on the details filed at Companies House?  

The second company director shares the name & address of someone highlighted by the Panama Papers as a 2004-05 director of a BVI incorporated firm.

The other director of that BVI firm was a former FT journalist, UKTI adviser and regular BBC tv news guest & reviewer.

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  • 433 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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