– Research suggests Foxtons and Dexters, major UK estate agents, have success rates of about 22-25%, selling only 22-25 homes for every 100 listed, far below the industry average of 50-60%. – It seems likely that their practice of overvaluing properties by 20-30% to secure exclusive contracts leads to many homes not selling, potentially costing… Continue reading Foxtons fails 77% of its sellers, says AI research.
Tag: estate agent
Two Kinds of Estate Agents.
There are two kinds of estate agents: All of the misleading and overvaluing that is carried out on a daily basis by “everyone else” is only possible because of the lack of transparency. I hope to change that, by bringing total transparency to current market prices: an almost real time “exchange price index”. It wil… Continue reading Two Kinds of Estate Agents.
In defence of agents: Movers can be just as bad.
“Buyers are liars.” It’s an old saying among some estate agents. Today’s video interview with south London estate agent Jack Terry, and in particular the reaction in the YT comments from some of the buyers watching, reminded me just how much people don’t understand the harsh realities of the process of selling a home. The… Continue reading In defence of agents: Movers can be just as bad.