Monday, October 20, 2008
Do they have the reserves to put the competition out of business?
A chain of London estate agents is offering to waive its fee on any property sold before the end of the year. The move, which could cost it up to £10,000 on each transaction, comes as sales have collapsed due to the credit crunch and financial crisis. A leaked email reveals how a senior sales executive at Lauristons has written to potential clients in south and west London offering to sell their homes 'for an unbeatable 0 per cent selling fee'.