– 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: home seller
Not a valuation
Charlie Lamdin answers a journalist’s questions. Q: Do you know of certain estate agents who over-value properties? Yes, most agents are reluctantly forced into over-valuing, because of the worst-offending, large agents who do it to extremes. London’s two largest agents are among the worst offenders, evidenced by the number of properties they never sell. Hint: “Dextons”… Continue reading Not a valuation
Sellers: Beware Agents with In-House Mortgage Brokers. (Email Template)
Your agent may be withholding offers and viewings without your knowledge. This is mainly for sellers who have instructed large corporate agents, but any agent with in-house mortgage brokers. Your agent may be withholding offers from you. Some of the worst offenders will use your property to force buyers to take a mortgage with them… Continue reading Sellers: Beware Agents with In-House Mortgage Brokers. (Email Template)
THE killer question to ask estate agents who want to sell your home
The hardest part of selling your home is choosing an agent. Do not just pick three, that’s a fatal mistake. Talk to as many as you can, until you are certain you’ve got an outstanding agent. What NOT to ask Do NOT ask: “How much do you think my home is worth?” Do NOT ask:… Continue reading THE killer question to ask estate agents who want to sell your home