Estate Agents Are To Blame For Housing Market Crash
Here at theadvisory.co.uk we feel that when you take into account the valuation games that agents play in order to gain your instruction its easy to blame estate agents for house prices becoming so inflated that severe corrections (crashes) become necessary.
Meanwhile we have the new wave of online estate agents, which charge a fixed fee for their services. This is typically on a stepped basis, with the lowest fee being purely for online advertising on their own website and/or a selection of portals, and larger packages including more portals, and packages including the agents conducting price negotiations and viewings on your behalf.
The most important things being that the customer saves money, because the fixed fees are lower than 1-2% of the average property value and gets a fair price and the best service from the agent, because there is no onus on them to inflate the value, and it is in their best interests to sell quickly to increase turnover.
This is why here at www.theadvisory.co.uk we are rooting on them. If their success can surpass that of traditional agents then we will likely see more traditional estate agents start charging a fixed fee.
In the meantime, online estate agents are the perfect centre between private sales and traditional estate agents.
Private sales is less expensive and if done properly can bring a good price and a quick sale, but, because private sales sites can’t list on the agent-oriented portals like Rightmove and Findaproperty, there can often be a lot of work required. blog archives