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Estate Agent advice.

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paperhat Flag croydon 05 Mar 18 2.02pm Send a Private Message to paperhat Add paperhat as a friend

Originally posted by Badger11
Good advice and beware of underselling. I bought my flat from a local estate agent it was a good deal. Later I heard he had a really bad reputation for stiffing the seller. Turns out he would rather sell low and profit on high turn over than wait a bit and get the best price.

This is because there is absolutely no loyalty from them at all. what do they have that benefits from your getting a decent price/sale? nothing at all. sell it low, get it out of the way and move on to the next one thank you.

I still cannot work out what it is that they actually do that a seller benefits from, they certain don't assist buyers in any form.

 


Clinton is Clinton. I have known him for a long time, I know his mother... Simon Jordan


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Lyons550 Flag Shirley 05 Mar 18 3.09pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Badger11
Good advice and beware of underselling. I bought my flat from a local estate agent it was a good deal. Later I heard he had a really bad reputation for stiffing the seller. Turns out he would rather sell low and profit on high turn over than wait a bit and get the best price.



So why did the seller accept the price then...surely they were happy with it?

The market regulates itself...people pay what they're willing to....perhaps he instead over priced the value to get the property on his books before then selling at the market rate?

Either way its down to the Seller to accept....no one else.

 


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Willo Flag South coast - west of Brighton. 05 Mar 18 3.16pm Send a Private Message to Willo Add Willo as a friend

Originally posted by Lyons550


So why did the seller accept the price then...surely they were happy with it?

The market regulates itself...people pay what they're willing to....perhaps he instead over priced the value to get the property on his books before then selling at the market rate?

Either way its down to the Seller to accept....no one else.

In the final analysis it is the seller who decides on the price he/she places on the property for the sale.

In the past I have had valuations from a few agents for the same property and then decided on the sale price.

 

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