Listing property (for sale) with two agents?

Listing property (for sale) with two agents?

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LDN

Original Poster:

8,911 posts

204 months

Sunday 26th February 2017
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Residential sale... lone sales agent is useless and not doing a lot. I want to put it with another agent - and have them both onto it.

Never done the duel agent thing. I'm assuming the current agent will be pissed off (I could care less) - what's the deal? Do they compete for the sale or work in unison?


barryrs

4,392 posts

224 months

Sunday 26th February 2017
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You will need to check the T&C's with your current agent. I was under the impression that agents tended to charge a higher rate when listed with more than one.

nyt

1,807 posts

151 months

Sunday 26th February 2017
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Have you signed a contract with the current agent giving them sole agency for a certain period?

If not then you are free to list with as many agents as you like and the one that sells takes all.
They usually expect a higher fee for not being sole agent.

LDN

Original Poster:

8,911 posts

204 months

Sunday 26th February 2017
quotequote all
Thanks for the feedback... the sole agent fixed term has passed - so looks like we are free to go to another agent.

craigjm

17,962 posts

201 months

Sunday 26th February 2017
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If you are doing your own viewings and stuff I would bin the local agents and go with someone like purple bricks. As long as your property is well represented on Rightmove, Zoopla and Prime Location and priced sensibly you will get bookings to view and a sale.

NDA

21,615 posts

226 months

Sunday 26th February 2017
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As pointed out above, most agents charge something like 1.5% for sole agent or 3% for dual.

If your property is on all the websites (Rightmove etc) is there much point?

KevinCamaroSS

11,641 posts

281 months

Monday 27th February 2017
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The 'proper' estate agents should be providing extras such as having a pool of potential buyers, decent photos, pre-vetting potential buyers, negotiating on your behalf etc. This is something the 'on-line' agents do not do. It is entirely possible that a proper agent will get more for your property and more than cover their fees. If you are a good negotiator you could possibly do as well yourself and save the fees. We have chosen to go with a proper agency.

craigjm

17,962 posts

201 months

Monday 27th February 2017
quotequote all
KevinCamaroSS said:
The 'proper' estate agents should be providing extras such as having a pool of potential buyers, decent photos, pre-vetting potential buyers, negotiating on your behalf etc. This is something the 'on-line' agents do not do.
That depends on which online agent you choose. Purple Bricks do all of the things you have listed for instance

KevinCamaroSS

11,641 posts

281 months

Monday 27th February 2017
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craigjm said:
That depends on which online agent you choose. Purple Bricks do all of the things you have listed for instance
Really? I have yet to see any PB adverts on Rightmove with even half decent photos. Are you saying that they will immediately send out details of your house to a database of existing buyers looking for your type of property in your area? Do they also pre-vet potential buyers to weed out those with no mortgage availability, are not in a position to buy because not even advertising their house yet etc.

Not according to my info.

MadProfessor

253 posts

133 months

Tuesday 28th February 2017
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If you list with dual or multiple agents then you will pay higher fees. So if you term has expired you may wish to consider going exclusive with another agent for the lower fee.

An important and honest question to ask if whether your property is over-valued. How did you pick the listing price? Are you with the highest valuer at present? How many viewings are you getting? How many people are making offers? What's the difference between bid and ask? What's the viewer feedback after viewings.

A good estate should be offering more than simply listing the property online, which ultimately is what online only estate agents offer. Online estate agents like Purple Bricks are a good choice in a rising market, if you've got a fairly typical property for the area and market, and in an area with a lot of interest. A good estate agent should cover more than your local area and should be bringing in more people from outside the area as well.

mike74

3,687 posts

133 months

Tuesday 28th February 2017
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It's funny how many vendors of stupidly overpriced houses sat languishing on the market all claim it's down to the 'useless' agent... in most cases the only reason the agent is being useless and incompetent is by pandering to the vendors deluded expectations of what their property is worth rather than being brutally honest and realistic with them.

KevinCamaroSS

11,641 posts

281 months

Tuesday 28th February 2017
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mike74 said:
It's funny how many vendors of stupidly overpriced houses sat languishing on the market all claim it's down to the 'useless' agent... in most cases the only reason the agent is being useless and incompetent is by pandering to the vendors deluded expectations of what their property is worth rather than being brutally honest and realistic with them.
Agreed.

Mind you, whilst I lived in Hungary there was a strange view to things. I went to view a house with a view to buying it. Looked around, thought it worth about 15-20% less than the asking price. The owner then informed me it would be going up next week as it was the New Year and all prices went up on Jan 1st. Needless to say it was still on the market at least 9 months later.

anonymous-user

55 months

Tuesday 28th February 2017
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craigjm said:
That depends on which online agent you choose. Purple Bricks do all of the things you have listed for instance
rofl

yajeed

4,898 posts

255 months

Tuesday 28th February 2017
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KevinCamaroSS said:
Really? I have yet to see any PB adverts on Rightmove with even half decent photos. Are you saying that they will immediately send out details of your house to a database of existing buyers looking for your type of property in your area? Do they also pre-vet potential buyers to weed out those with no mortgage availability, are not in a position to buy because not even advertising their house yet etc.

Not according to my info.
I've not sold through them, but have dealt with 'The House Network' when bidding on a property. They arranged the viewing, solicited feedback and called to negotiate on the offer we made. The photographs they took were of a higher than average standard compared to other properties we'd seen.

I'm not sure about an existing database of buyers (and in fact doubt they operate like that). However, Rightmove gives visibility so the actual extra benefit of that may not be what it once was.

KevinCamaroSS

11,641 posts

281 months

Wednesday 1st March 2017
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Here is my experience of Purple Bricks as a buyer.

I arranged to view two houses in our selected area. One was with a 'proper' agent, the second with PB.

Booked the first viewing with the proper agent. Went online to PB to book second one. Was presented with a list of 'available' time slots. Selected one that was convenient and booked it. Everything confirmed for both. Later on got a message via PB saying the owner (conducting the viewing) was at work at that time and not available that day at all, please could I re-arrange for another day. I replied asking whether PB could provide an agent to conduct the viewing? Response was 'No, that costs more money'.

I understand people trying to sell on the cheap, but, PB absolutely does not provide the same level of service as a proper agency for their advertised price.

My particular peeve is why did they offer time-slots when the owner was not available?

Planet Claire

3,321 posts

210 months

Wednesday 1st March 2017
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I used House Network to advertise my flat a couple of years ago. As far as I know there was no online booking of appointments. You phoned the call centre to arrange a time, who then called me to confirm. I think on some occasions the viewer was 'on hold' on the phone whilst HN made contact with me so it was all organised pretty quickly. I was pretty impressed with the details, photos, floor plans that HN provided - the pictures of local PB properties were rubbish, which put me off using them.

superlightr

12,856 posts

264 months

Wednesday 1st March 2017
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I would not consider buying from a seller using P.Bricks.

It looks like the sellers are on the cheap, they are cheap in using an agent they will be cheap in repairing and looking after the house.

The progression from P.Bricks is dire they create more work to the other real agents to hold a chain together. We had a person in a chain using P.Bricks and it was them holding up both ends and creating more work for the other agents to hold it all together.

They don't have a clue on the local market they were way out when they valued a property where as a real agent was spot on and got more than we had anticipated.

Its a numbers game/listing game with PBricks no interest in selling.

KevinCamaroSS

11,641 posts

281 months

Wednesday 1st March 2017
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Of course, I now get an email from Purple Bricks asking why I did not attend the arranged viewing. Absolute cheek!

Will never again consider a property on PB.