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Online Agent

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We need this to show we are worth higher fees level 3 Propertymark or similar should be the min standard. More importantly we need a roll out of landlord licensing I did 28 Birmingham selective licence applications for private landlords not 1 had all the basic docs for the licence, not 1 one even tried to use a gas safe 6 years out of date and had never heard of an EICR

From: Online Agent 19 January 2024 09:26 AM

If they were been open it would say how much if that charge goes to PB I read it online it says some of the charge goes back to PB that’s not open at all

From: Online Agent 08 February 2023 09:17 AM

Forgot to mention land reg wont help as 50% of the forms they currently get from conveyancers are wrong and have to go back, they think the conveyancing side of law is just one rung up from estate agents already

From: Online Agent 24 January 2023 08:20 AM

Its a complete waste of his time coming up with this just look how many housing ministers we have had, its just a stepping stone to a bigger and better job. We will still be talking about changing the process in 20 years and people will still be talking about the end of section 21 at the same time.

From: Online Agent 24 January 2023 08:18 AM

No,,,, what have we let our selfs in for Whaley is taking over the world. Great purchase by a great company will do really well

From: Online Agent 23 January 2023 14:20 PM

Going into a slow market, she should be investing in lettings, yes mortgages in the long term are what will keep PB going but in the next 6 months the only way to stabilise will be to invest in lettings they already have a good book and with average lets of over 1k pcm on a 10% man fee they could easily make 1200-1500 on a single let they are focusing on the wrong thing.

From: Online Agent 08 December 2022 08:34 AM

Excuse me if I’m wrong but if people don’t buy a house why would they need mortgage advice. It’s a chicken and egg. They need a boyant property market to build up a mortgage business to take advantage of the remo leads in a few years time.

From: Online Agent 05 December 2022 08:03 AM

I’m still not sure Harry is the right guy unless they are looking to split the tech and lettings and sell those to other companies. Without lettings income (and it’s still a good level) the business has no value. It doesn’t do mortgages and legals are outsourced to simplify so the business is worthless.

From: Online Agent 23 November 2022 09:14 AM

Come on, agents play on owners greed, if you have 3 vals and 2 are 250 and one is 300k then you know its overpriced, the agent having a 26 week tie in is the compromise for your greed in the first place. Good luck with overpricing in a falling market, a vendors 2% reduction is never going to catch a 10% drop plus the gap caused by the overpricing.

From: Online Agent 02 November 2022 12:46 PM

What really gets my goat is, if the world had not just fallen apart and the last month and a bit had not happened what do the guys at JLL thing would be happening this month till the end of Jan. Ive been an agent 20 years in all of those 20 years come the 18th October when first time buyers realise they are not going to be in for Christmas (this year should have been start Sept latest and Jan 2nd if using an online solicitor) the market dies, Its like the story of a bad property market has given anyone with any sense property amnesia. THIS IS NORMAL FOR THIS TIME OF THE YEAR EVERY YEAR

From: Online Agent 01 November 2022 09:15 AM

I have a funny feeling he might leave that off his CV, CFO of a company that prints a bad headline a day at the moment. Feel sorry for the boots on the ground they will be the cannon fodder when this goes belly up in the New Year

From: Online Agent 27 October 2022 07:57 AM

Rightmove do have a monopoly, I know no agent that if they came off rightmove they would not suffer not only on the amount of viewings they get but also their position in the local market. OTM will run out of cash this year as we all know ages will cut back on marketing spend when in fact we should double down and when the Purple money runs out unfortunately so will Boomin (even though I really like the site and features it offers)

From: Online Agent 21 October 2022 14:09 PM

IM GLAD, Really used to like Zoopla as a portal and as people especially with the help during the lockdown. But over the last 6 months they have become money grabbing like rightmove. always on the phone upselling some crappy feature that no one uses, reselling crap rightmove have been selling for years and when I came to give notice to leave they wanted 3 months notice. I hope they all lose their jobs and them and OTM go belly up. I dont see any portal other than rightmove unfortunately delivering quality leads.

From: Online Agent 20 October 2022 17:50 PM

This is a crazy release she has allowed to go out if she doesn’t increase customer numbers she has neither found fame or customers. I’m sure Alison Platt has just changed her name she spouted the same crap when she joined countrywide and we all know how that ended up. I’m still sure it’s a set up. Put someone in control who has no chance to make the next person look better. Despite their faults at least wainwright and the Bruce’s knew the business of estate agency. She talks about expansion and increasing revenue but they should just focus on the core business of sales Lettings and backhanders from PPL, Maybe Chuck in a few mortgages too as I’m sure they don’t focus enough on mortgage and Lettings at the moment

From: Online Agent 03 August 2022 09:46 AM

The money back guarantee had more holes than her bank balance the year she was declared bankrupt. She’s just a fall guy she will be gone in 12 months. With a restructure soon after feel a bit sorry for her.

From: Online Agent 01 July 2022 15:59 PM

You can’t stop Rightmove so in the U.K. you need to factor their stupidly high fees into any fee you are going to charge OTM will never have the money to compete and will disappear as soon as investors stop chucking cash on the fire. Boomin has some great features but will struggle to catch zoopla for the number 2 position and I’m guessing it will cost 150 mill to get to that stage so it all depends how deep the pockets are at boomin

From: Online Agent 20 April 2022 08:04 AM

We do it too sell for free it works sometimes you just need to make your vendor know you really are working for the buyer not them, just providing them a way to sell for free.

From: Online Agent 11 August 2020 08:11 AM

The one thing I’ve never understood about the high street v online if pb only have 5% market why do the high street spend so much time talking about them surely if they are so insignificant why does anyone care?

From: Online Agent 16 July 2020 08:49 AM

Because they are skint they left the staff on furlough too long, I took a number of their lettings instructions as the had uploaded virtual viewing but had no follow-up on. They are like a wounded horse they just need putting out of their misery and someone to snap up all the profitable bits like lettings, mortgages and surveys. They are the polaroid in a digital world.

From: Online Agent 26 June 2020 08:05 AM

So rightmove are about to launch an email alert that tells you the buyer wants a virtual viewing, I'm no coder but that's just a change of word from requests a viewing to requests a virtual viewing glad this new feature is free, it must have been so much hard work. I'm not surprised Rightmove plus had no changes from 2002 to 2018 so they are hardly a tech company.

From: Online Agent 04 June 2020 08:04 AM

I started in estate agency in 2002 and the fees today are lower than my first ever listing, its madness luckily my basic isnt the huge £8,000 it was as a countrywide junior neg otherwise id still be at my moms lol

From: Online Agent 04 June 2020 07:58 AM

They have the ability but they are not, Im from Sutton Coldfield originally over there a letting agent part of countrywide, has properties on the market they are not replying to vendors or proposed renters and are not running searches or getting contracts drawn up as they have Furloughed all the staff. Worst than that another agent has uploaded virtual viewings for every single property but if you send a viewing request you get an auto email saying that they are closed till corona is over and are not manning emails

From: Online Agent 05 May 2020 13:01 PM

The one thing that you will see from the lockdown is that the High Street no longer exists all agents will become a hybrid mix of some sort. Corporates will come out of this worst as they have properties just sitting on the market not having enquiries answered, virtual viewings that have no follow up in place. the big losers will be Countrywide, Foxtons LSL not the likes of PB who have the ability to still interact with buyers and renters in the current market. The post lockdown will also make it harder for the corperates as they will lose furlough but wont have income coming in for at least the first month and will only have half the staff in the branch due to restrictions on staffing levels

From: Online Agent 05 May 2020 10:42 AM

I think stamp duty is fine extend to 500k and a little more in London Central but if you have 500k plus for a first home you have enough to pay stamp duty. Cut back on pims, polo and gin

From: Online Agent 24 April 2020 08:42 AM

Worst case we go back to 2008, 600,000 houses still went through 40% of the average 1million. The one thing I will not do this time around is listening to corporate bull about lets hit the phones call all the old apps force those into looking at houses they no longer have an interest in or can no longer afford a mortgage for. We need to just help people that do want to look, help them get mortgages and help them get onto the property ladder. The corps will be double F'd as they can no longer all move into lettings and make a killing on tenant fees. This new market will be a great time for independents to grow, use the expertise you have. YOU WILL NEED A LETTINGS BUSINESS if you don't already have one you either had won the lotto just before the last crash or you have not been in business since 2008. Charge what you feel you are worth but be honest tell people your fee show them on the valuation what you do to justify that fee (dont do what onlines hear all the time, you dont justify your charge but point out why the onlines are soo bad and thats why they are so cheap) Customers, contact call your contacts now not to sell just touch base tell them you will call back once we are back open these virtual valuations are only any good if you are charging next to nothing as you wont be able to tell your why over a skype call. And most of all be safe most of us will be able to get through this but look at your plans and targets make them achievable over the next 3, 6, 12 months

From: Online Agent 21 April 2020 15:09 PM

Great as always

From: Online Agent 24 March 2020 17:43 PM

it is complete madness I had a high street branch and the rightmove bill was the same as my lister. if other agents did not use it as a tool to beat up the smaller agents in the area "but they are not on rightmove" maybe it would not be as crucial. Far more PLC than TLC, remember rightmove would be nothing without agents

From: Online Agent 28 February 2020 12:46 PM

This is like me saying I’ve invented a new way of marketing a property. I’m going to call it “for Sale” board. These guys could have saved a fortune joined them panel at my home move as their system is this system called eWay since about 2008. I bet some app creator is splitting his sides, copy an app already available and sell it to a solicitor as a revolutionary idea.

From: Online Agent 21 February 2020 08:45 AM

I think the regional branch idea really works a hub with an admin and a contract chaser and a place to meet clients. The high street is not dead it’s just changing people are happy buying online but like the option to be able to pop in and see a real person. I’ve been back in a high street branch for a few months and only a few people pop into branch to register and look for details. Most of the people I see are just collecting a free newspaper.

From: Online Agent 03 January 2020 08:52 AM

So the bank of england have sat down and decided rates could go up or down after brexit. Im thick as sh*t but I could have guessed one of those two things are going to happen. Today its either going to rain or not rain, how about that for a bold statement

From: Online Agent 20 September 2019 07:51 AM

Just a way for countywide to finally generate some revenue, will chuck in professional pics floorplan and £500 upfront. The good thing for countrywide too is that you will then be tied to them for the sols and mortgage. One huge flaw, no one uses countrywide to sell a house, not since you had to stick the photos to the advert in the office after the morning meeting

From: Online Agent 19 September 2019 08:34 AM

To earn really good money at PB you have to be a territory owner the LPE's below dont earn the sort of money the TO's do and once a LPE gets good in the local area the TO is underpressure to sub divide the patch (postcode) and get someone else in so that the vals that book can get seen within 3 days not waiting weeks for a valuation. You can earn good money at PB though but you do really have to work hard 8am-8pm to make good money. YOPA on the other hand no way can you earn anywhere near the money that PB earn, the brand is unrecognisable to most people and the val quality is poor.

From: Online Agent 08 July 2019 07:46 AM

Russell Knows this is not true the world of online estate agency has nothing to do with revenue, its all based on the business of hubspot, Amazon, Groupon and other online companies. The amount you charge does not matter all the city want to see is month on month quarter on quarter growth Emoov only went bump because they ran out of money on the way to an IPO. Its all about that chase nothing to do with the revenue generated. And remember old school estate agency tells us boards breed boards. All they are trying to do is blast the growth and then float. The only downside this will cost them about 25-35 million and do they have that money to burn through.

From: Online Agent 27 June 2019 09:12 AM

Lee is a good guy should have been head of EA and had a none EA head of the UK company that would have really worked someone from an outside industry like apple, amazon, google. I agree about the number of sales too we were consistently selling 89% of all we list and remember it makes sense as you have already committed to pay the fee you will just keep chipping away at the price till you find a buyer. I must admit I was not based in London so dont know how sales % are down there.

From: Online Agent 25 June 2019 08:56 AM

No matter how rare or super-prime a property it is I dont see how you can be doing a job for the vendor selling it to someone you know wants that sort of home and is registered with you. Hi Dave I have a house in Knightsbridge, wanna buy it, need it through in 28 days mate, get the brown envelope ready. Dont sound like estate agency to me Del Boy. Saves on Rightmove bill and im all for that

From: Online Agent 04 June 2019 08:17 AM

Crazy article as if even if you manage to squeeze 2% from a customer as if an agent thinking I will get more if I push this buyer up helping out the owner out is really bothered by the £40 plus vat for the company how much would that mean to him £4 on 10% of the fee. Come on get real. The high street still really does have a role to play and if the articles on here from Pauline Quirk are to be believed and Online will only hit 10% of the market why are the High Street bothered by PB, Yopa and Doorsteps concentrate on what you do well. not how rich the Bruce brothers are

From: Online Agent 16 May 2019 09:11 AM

Agree with you on that should be fair fixed fee, they are not free

From: Online Agent 05 April 2019 12:23 PM

80p could still get you over 10 countywide shares today less than 8p and that's not forgetting Purplebricks share price is currently 130p (16 shares) lol the article is just ea click bait As estate agents, we need to focus on what we do well at not what PB and other online do. There is still a massive market for the high street to go at. As x PB every val i went on a high street agent had mentioned PB when that appointment is for you to showcase why you are better not why someone should not use pb

From: Online Agent 05 April 2019 12:11 PM

I don't know how PB do outside the UK and know that the investment received so far was on the promise of move into foreign property markets but they will continue to grow in the uk this year then as the number 1 agent cut back the marketing spend the focus will then be on maximising the opportunities that they have, increased mortgage and legal revenue along with a shift to developing the lettings book through acquisition and lettings marketing. Everyone knows that with a low fixed fee you have to eventually step back on the TV adverts when you are at the top and let the boards and the reviews do their job and generate more and cheaper instruction and converting all the buyers of the 6000 properties they list a month into future sellers. The only struggle you will see from PB is where to find a purple Bentley not that their growth from 0- where they are now is slowing once any agent hits 5% plus marketing share the job of growth is done the rest is just organic.

From: Online Agent 05 April 2019 11:29 AM

There is no way that online won't hit 15% of the whole property market. this will happen by the end of the year. More High Street agents will give up and go "Hub"(online with no tech) and the rest of the independents will keep discounting fees till they have to close. The only way that online wont hit the 15% is if they run out of cash like emoove before they can float PB alone will pick up 8% plus market share this year.

From: Online Agent 01 April 2019 14:15 PM

We wont, we will get to about 15% market share pb Having about 70% of that yopa 25% and the rest the rest. Remember in the UK 8% overall of the market is the highest agents have ever hit and that was Countrywide before people got the internet and knew what house prices are and what a fee for selling your home should be

From: Online Agent 01 April 2019 10:25 AM

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