Private sellers told how to get their properties on to Rightmove |
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Monday 19th December 2011
An agent with a one-office operation has been told by Rightmove to expect a 21% increase in charges next year.
The agent said he was astonished that, with another tough year facing the industry, Rightmove could come up with such an enormous hike.
He has been told he will be paying £490 a month – up from £405.
He said: “When I queried it, the response was along the lines of ‘We’re the market leader, take it or leave it’.”
The agent said the industry was being held to ransom by Rightmove, which we invited to comment.
Rightmove said it did not comment on specific cases, although it confirmed that pricing changes were being communicated to agents on an individual basis.
The spokesman said that the rate reviews “will again allow agents to freeze their current core membership fee depending on their level of advertising exposure on the Rightmove site”.
Other agents have also complained to EAT about Rightmove’s repeated annual price hikes, amidst further complaints that private sellers and landlords can easily bypass agents and list their properties on Rightmove from about £39 for rental properties and from around £300 for sales properties.
Consumers can do so by using ‘online agents’ – and the inverted commas are not ours, but used by an online resource that gives private sellers and agents detailed information as to how to go about this whilst escaping ‘extortionate’ agents’ fees.
The site lists ‘online agents’ that can get private sellers and landlords’ properties on to portals including Rightmove, FindaProperty and Primelocation.
http://www.propertyinvestmentproject.co.uk/blog/privately-advertise-and-sell-your-house-on-rightmove
http://www.propertyinvestmentproject.co.uk/blog/how-to-advertise-your-buy-to-let-on-rightmove
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Added by Sohail Rashid on 2011-12-28 10:42:45
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Merry Xmas all.
Sorry for the delay, I have been away and have not had the opportunity to reply sooner. To answer the outstanding questions: Property Place is not there to make any representations to property professionals and home seekers about property. It is a platform for others to market and share residential property. The application utilises the benefits of social media such as social networks, demographic targeted advertising and viral growth to provide a more efficient marketing platform. It is also a more innovative search tool with a range of features such as My Properties - a private forum for users to privately share their property wishlist with trusted friends via their Facebook profile. For agents to get involved please email our sales team at sales@prop-place.com Just to confirm: all the comments made after 2011-12-21 11:12:49 were not made by me or by anyone authorised to act on behalf of me or Property Place. All the best for the New Year everyone! Kind regards Sohail Rashid |
Added by Chris on 2011-12-22 22:24:15
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Okay, the answer is easy, but we need to work with the big search engines like Yahoo & Google.
Most agents know how to build websites right? If not there are plenty of people building them every day. We basically need to develop some search code that will work with the search engines metacrawlers. (The automatic webpage search software) It needs to be the case that buyers can type in a search like "Property search, For-sale, Nottingham (Or postcode), plus 1-mile, 3 bed semi, house, £160,000 to £175,000." and run the search. The search will pick up all the properties that match the critera from the agents own websites that use the specific search codes. Better still, Google/ Yahoo etc. setup a search page with drop down menus. Private software companies will probably get in on the act and sell nice websites with all the codes already built into it, to agents for a one off fee and the licence runs on forever. The risk is though that joe public can also buy this software or build their own sites and then less vendors will use estate agents. Oh well, nothing is perfect. Lets face facts though people. The internet has changed most things and eventually the estate agent industry will collapse because people will advertise their properties themselves. There will be books and online guides that will tell private vendors what to do and the rules, like Property Misdescription etc. The market will be less organised and many people will hate it, but it will cost less than £50 to sell your house or even for free. We know that we are on borrowed time and think that in less than 5-years, this gravey train will be over. Lets not kid ourselves with stuff like "The public will always need us" or "We know how to negotiate best price" or "It's too difficult or complicated"!!! If vendors can advertise their property online for free, why would they pay thousands for someone else to do it? Some perhaps will, the weaker or more wealthy members of the community, but 90%+ will chance it. While we all hate Rightmove putting their prices up, while they remain the dominant online property portal and continue to prevent Joe Public using the site, then our industry will keep running along for years to come, but if the solution I indicated above takes off, it will be the end of Rightmove and the beginning of the end for our industry. Ho hum. |
Added by Billy Bol on 2011-12-22 15:23:48
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@Richard
PeeBee may be right, if you search on Linkedin, he is there. So is the other one. |
Added by PeeBee on 2011-12-22 14:24:07
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Richard: I don't think it was Mr Rashid who responded...
Try looking for him on LinkedIn, instead of relying on Google. There are only 5 people named 'Sohail Rashid' in the UK on the site - check out the profile for the guy with the beard. |
Added by Richard on 2011-12-21 16:50:47
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Mr Rashid- are you on and the same, just for transparancy?
[edit] CareerSohail Rashid, studied from the University of Punjab, Lahore, Pakistan. He was a journalist first for various media outlets in Pakistan before managing Lollywood actors and world famous cricket players of Pakistan. [edit] Controversial Clients[edit] Match Fixing Scandal - PakistanIn 2010, Rashid[1][2] represented Veena Malik[3] in the most controversial news[4] for Pakistan and the South Asian Sub continent[5]. |
Added by PeeBee on 2011-12-21 15:08:44
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Welcome Mr Sohail Rashid - not so much 'a man of few words' - more like a man with words he wants to repeat a few times!
I'd just like to take up a small point or two, and hope to receive a more relevant answer to my points than 'Billy Bol' did... In his posts below, Mr Rashid states (several times...) "Property Place is a completely open platform for property professionals, selling agents and consumers alike" - HOWEVER in the Ts&Cs page of the site it states "The content on this page is not intended for real estate professionals." Please explain. Are you simply referring to the T&C page? ONE of the many unclear areas of the site... The page goes on to state "This page is intended for residents of the United Kingdom over the age of 17 years – this is because we are part of a heavily regulated industry and we must abide by its rules." WHICH "heavily regulated industry" are you referring to? Look forward to the response - and where this eventually goes... |
Added by Richard on 2011-12-21 14:52:53
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@ Sohail
Another nice advert but you did not answer the question, I repeat... you claim you will make a more "cost efficient marketplace". Can you explain whose costs you will seek to cut? |
Added by Sohail Rashid on 2011-12-21 13:30:55
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Price increases by Rightmove at a time the housing market is doing badly are not good news for estate agents, but at least a viable alternative is launching in January 2012.
Property Place on Facebook is the first property search site that takes advantage of the viral nature of social media. For estate agents it gives them access to the 30 million UK Facebook users, and without the high fees of RightMove. Property Place is a completely open platform for property professionals, selling agents and consumers alike, and has been developed in line with the OFT’s report on the Home Buying and Selling Report February 2010 and its recent consultation papers which highlighted the lack of innovation, transparency and control within the property marketing process. Property Place’s vision is to create a more transparent and cost efficient marketplace. The beta version is already up and running – please give it a go and let me know what you think of it. Sohail Rashid, founder sohail@prop-place.com. |
Added by Sohail Rashid on 2011-12-21 13:29:05
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Price increases by Rightmove at a time the housing market is doing badly are not good news for estate agents, but at least a viable alternative is launching in January 2012.
Property Place on Facebook (http://apps.facebook.com/propertyplace) is the first property search site that takes advantage of the viral nature of social media. For estate agents it gives them access to the 30 million UK Facebook users, and without the high fees of RightMove. Property Place is a completely open platform for property professionals, selling agents and consumers alike, and has been developed in line with the OFT’s report on the Home Buying and Selling Report February 2010 and its recent consultation papers which highlighted the lack of innovation, transparency and control within the property marketing process. Property Place’s vision is to create a more transparent and cost efficient marketplace. The beta version is already up and running – please give it a go and let me know what you think of it. Sohail Rashid, founder sohail@prop-place.com. |
Added by Richard on 2011-12-21 12:58:32
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@ Sohail
In your blatant free advert you claim you will make a more "cost efficient marketplace". Can you explain whose costs you will seek to cut? |
Added by wardy on 2011-12-21 12:33:07
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@billy
Properties on face book. Yeah very innovative. Want to know how to get involved? Pay the guy some money and find out. |
Added by Billy Bol on 2011-12-21 12:13:41
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Kinda proves the OFT point about agents and innovation.
Something new . . . . attack it first. Fat Boy Agent doesn't even know how to work a link. |
Added by Happy Chappy on 2011-12-21 11:44:50
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Peebee, I could not agree more with you an invisible day. It would be a massive own goal for the industry......as a vendor I would be no longer be a Happy Chappy.
So what can be done about the tail wagging the dog (big tail ) I dont actually think Rightmove fees are bad value for money. But with transactions at a low level per agency it is now an issue for the struggling indies.....answers on postcard please. |
Added by wardy on 2011-12-21 11:37:14
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@Sohail Rashid
'it gives them access to the 30 million UK Facebook users' Erm... no it dosnt. That’s like saying if you have a website then you have access to 2,000,000,000 people. Nonsense. I guess you too want to highlight the lack of innovation in the marketing of homes and your answer to that is to pop them on facebook, as a viable alternative to Rightmove? You go on to say that you do all that without the high fees of rightmove. Well thank god for that. Sohail, you have to pay for your advertising around here! |
Added by Fat Boy Agent on 2011-12-21 11:25:02
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Sorry mate, link didn't work, got redirected to landlordzone...
Are you based in Pakistan? |
Added by Sohail Rashid on 2011-12-21 11:12:49
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Price increases by Rightmove at a time the housing market is doing badly are not good news for estate agents, but at least a viable alternative is launching in January 2012.
Property Place on Facebook (http://apps.facebook.com/propertyplace) is the first property search site that takes advantage of the viral nature of social media. For estate agents it gives them access to the 30 million UK Facebook users, and without the high fees of RightMove. Property Place is a completely open platform for property professionals, selling agents and consumers alike, and has been developed in line with the OFT’s report on the Home Buying and Selling Report February 2010 and its recent consultation papers which highlighted the lack of innovation, transparency and control within the property marketing process. Property Place’s vision is to create a more transparent and cost efficient marketplace. The beta version is already up and running – please give it a go and let me know what you think of it. Sohail Rashid, founder sohail@prop-place.com. |
Added by Galaxy on 2011-12-21 11:03:24
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| This shows how chris and fellow estate agents totally ignore their clients' interest on a daily basis. Never trust an estate agent ! |
Added by PeeBee on 2011-12-21 10:51:51
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Chris: "Can I suggest that on this day, all agents wanting to tell RM who owns this industry and they better get real when it comes to fees, that we make all of our properties invisible.
While there is a small chance that we lose a sale or two, the amount of media interest that will result in this action is likely to bring more hits in the days following invisible day." Mate - you and me don't disagree on much these days. HOWEVER, I'm gonna have to make a point or two here which includes many words in capitals for added effect... Do you REALLY want the "media interest" for such an act? Do you REALLY want to remove your vendor clients' properties from what they perceive as their number one sales tool for a whole day? WHAT are you going to tell YOUR CLIENTS?? "Well... you see... Rightmove are wanting to charge me more to advertise your property so I'm taking a stand and removing your property for a day. Just to make them think twice. But don't worry - so is everyone else. I think." Mate - Rightmove is definitely a prime example of a tail wagging the dog. BUT... only the client will suffer if you do what you suggest - AND THEY PAY YOUR WAGES at the end of the day! (...and they don't give a shizzle how much it costs YOU to sell or let their properties for them - they just want the job done...) Oh - and let's not forget that you are doing this "in protest" - BUT STILL PAYING FOR THE SERVICE WHILE YOU PROTEST! Rightmove lose... erm... NOTHING. Mr Shipside issues a statement telling the world that his Member Agents have decided to close down the UK property market for a day. I'll bet HE gets ALL the column inches... I predict a riot. And a LOT of disinstructions... If you choose to ignore every post from me in the future, I plead with you to at least think about what I say in THIS post - before you make a massive, MASSIVE, mistake. I have your - and the industry's - best interests at heart. Yours P |
Added by Chris - Reloaded on 2011-12-21 10:36:51
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It's not Okay that new increased prices are set to change on the 21st of March 2012.
Can I suggest that on this day, all agents wanting to tell Big Bully Bastard RM who owns this industry and rules The World of Estate Agency that they better get real when it comes to fees and bullying us, that we make all of our clients' properties invisible, without asking our clients of course, because they're all greedy bastards too. While there is a small chance that we lose a sale or two, the amount of media interest that will result in this action is likely to bring more hits in the days following invisible day, and our clients will be pissed off too but they deserve it them greedy bastards! Something like this needs to be communicated though, it needs to be organised. It sounds like NAEA Big Bully Bastards too are working for themselves not it's members, else it would do something to lead a charge. Agents could agree to take down 50% of their stock by 9:30am and the rest by 10:00am. That way agents could see their shop windows smashed by angry customers who didn't get the service they were charged for. Basically RM need to laugh their a**es off that day and start to take over the whole industry process from advertising to sales. Even if only a third of agents take part, the whole industry would suffer a tremendous damage to their reputation. That should get RM's attention. We need to decide if we want to do this or not and if so, it needs to be driven forward. Independant's, by virtue of the fact that they have setup their own businesses in the first place should be motivated to try something like this? VIVA LA REVOLUTION ! ! ! LET'S DIG OUR OWN GRAVE ! ! ! |
Added by @Happy on 2011-12-21 08:37:32
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what you left for" is more important" do feel free to carry on with it!
"Sound like spock no, idiot, yep. |
Added by Chris on 2011-12-21 02:31:59
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Okay, new increased prices are set to change on the 1st of March 2012.
Can I suggest that on this day, all agents wanting to tell RM who owns this industry and they better get real when it comes to fees, that we make all of our properties invisible. While there is a small chance that we lose a sale or two, the amount of media interest that will result in this action is likely to bring more hits in the days following invisible day. You never know, perhaps Zoopla can claim to be the biggest portal in the UK that day also! Something like this needs to be communicated though, it needs to be organised. It sounds like NAEA are working for themselves not it's members, else it would do something to lead a charge. It's like we need agents that support this stand to talk to their competitors in their local towns and villages, to make them aware and agree to start making properties invisible on that day. Agents could agree to take down 50% of their stock by 9:30am and the rest by 10:00am. That way agents could see each other taking part and not feel that the others that have said they would take part, only to sit there sniggering and doing nothing!! Perhaps someone with some IT skills, could knock up an internet forum where agents can organise this. Basically RM need to see a show of strength from the industry. Even if only a third of agents take part, that's still 14,000 branches and 770,000 properties vanishing from their pages. That should get RM's attention. We need to decide if we want to do this or not and if so, it needs to be driven forward. Independant's, by virtue of the fact that they have setup their own businesses in the first place should be motivated to try something like this? |
Added by Billy Bol on 2011-12-20 21:49:33
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Thats right, back in 2009 we still had MFI, Focus DIY, T J Hughes, American Airlines, Floors2go, Comet, Greece etc, and, we would have thought that an ipad was a spelling mistake
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Added by Lucky Star on 2011-12-20 21:30:16
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| That report's 2.5 yrs old, and therefore totally irrelevant today. |
Added by Happy Chappy on 2011-12-20 19:02:45
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Thanks again.....The findings of the report seem logical (god i sound like spock).....most people dont like or trust new ways of doing things.....early adopters pave the way and normally reap the most benefits / whilst of course assuming the most risk of course.
There were less on line agents in 2009 and getting your house on to rightmove without any form of agent prevents private sellers reaching the portal with the largest market share (agents and lookers) - so advertising is difficult For one reason or another vendors often do want someone to show people around there houses when they are at work etc .lets call this the selling stage this makes selling privately difficult for most. However, it would appear to me more people are begining to believe that it is the portals which attract buyers not estate agents..... if rightmove allowed people to advertise direct what fee do you think people would be prepared to pay for this and how much would they be prepared to pay for the remaining selling services that an agent provides? your last point 1.5 was quite interesting.....the survey was carried out on people that sold there houses i would fully expect them to be satisfied......the survey was not conducted with vendors that still had property on sale???? far more relevent IMHO. |
Added by PeeBee on 2011-12-20 17:17:07
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rant: "So if you still had hair PeeBee you'd look something like the yeti, but with a northern accent?"
Yup. Fair representation, I guess - although Chewbacca also springs to mind... ;o) Oh - and regarding the weight issue - I am not... repeat, NOT... overweight. I'm undertall. If I was 2.85m tall I'd be the perfect weight for my height. |
Added by PeeBee on 2011-12-20 17:10:34
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HC - always pleased to oblige:
"1.3 Reasons given for not selling privately were primarily the amount of work involved and the marketing required, with sellers concerned that they would reach few potential buyers. Reasons given for not using an online estate agent centred on worries about communication and about the trustworthiness of online agents. 1.4 Sellers using traditional estate agents did so primarily for the estate agent's experience and capabilities, because the seller thought it would be easier, and because estate agents were seen to be better at marketing and attracting potential buyers." I also wanted - no - NEEDED to include the following information... "1.5 Overall satisfaction with estate agents amongst sellers in England and Wales has risen since 2004 (now 88 per cent up from 74 per cent). Likewise, overall satisfaction with estate agents amongst buyers in England and Wales has increased (now 88 per cent up from 72 per cent)." Obviously didn't take into account the views of HPCers... |
Added by rantnrave on 2011-12-20 17:04:14
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'1.93m and WAAAAAY too many kgs for my own good'
So if you still had hair PeeBee you'd look something like the yeti, but with a northern accent? |
Added by Happy Chappy on 2011-12-20 16:24:49
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Peebee - thanks....I dont dispute the figures... the interesting question to ask people is why they use a traditinal estate agent rather than on-line or selling privately? I'll dig it out and see if that is addressed....
However my limited research finds the following. 1. Most say the reason they went to a traditional estate agent is they want to reach the biggest amount of potential buyers via portals as possible and believe an estate agent is the cheapest and best way of doing this. |
Added by Happy Chappy on 2011-12-20 16:14:16
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AofS "So, selling a house is JUST putting it online with a few photos, for someone to click 'buy'?"
I did not say that it was......I said advertise not sell There are good agents and bad agents...some will sell a house others will almost definitely put buyers off....If someone believes there property will sell itself why pay an agent to do it? It depends what the seller wants at the end of the day. "Why not go the whole hog and give the 'buyer' a chance to 'buy it now' and put it on Ebay" - Why not indeed many do! |
Added by PeeBee on 2011-12-20 16:10:21
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HC - FOUND IT!
Okay - It is the Office of Fair Trading 'Home buying and selling Market Study 2009' - in particular the 'Quantitative Consumer Survey Report'. Easily found online if you want to check my cutting and pasting... "1.1 Across the UK, most sellers who had sold a home in the last 12 months had done so via a traditional estate agent (87 per cent in England and Wales, and 96 per cent in Scotland).1 However, 27 per cent of those in England and Wales and 20 per cent in Scotland had at least considered using an alternative method to sell their property. 1.2 Of sellers in England and Wales who elected not to use a traditional estate agent, 11 per cent sold privately and two per cent used an online estate agent." So - I wasn't far off base with my 85% after all... ;o) |
Added by PeeBee on 2011-12-20 16:06:02
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anonymous: "...a giant among straw men..."
WOW - thanks - I've always wanted to be considered "a giant" in some way, shape or form! ;o) Been called worse before now. MUCH worse... You the same nameless bod who is going to donate the tenner? |
Added by PeeBee on 2011-12-20 16:01:58
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HC - I recall reading ( I am sure it was the OFT study a year or two ago...) that some 85% of property sales proceed via traditional Estate Agencies rather than online alternatives or private sales.
In answer to your other question, of course a property can be offered for sale via both EA models. Whether or not the online 'sells' the property is another matter entirely. I'm gonna try to find the report I refer to. Watch this space... |
Added by AceofSpades on 2011-12-20 15:58:41
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So, selling a house is JUST putting it online with a few photos, for someone to click 'buy'?
Why not go the whole hog and give the 'buyer' a chance to 'buy it now' and put it on Ebay. Online agency is drifting away from 'private online listings' that has been splashed across as a threat on the post and months and months before...there are some good online agents - entirely different to slapping a listing on as private sale. |
Added by Happy Chappy on 2011-12-20 14:59:09
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Wardy - Thanks Peebee usually answers for himself....but you can spell it out for me as well if you like...what was he saying?
This bit confused me "Could that be because you can buy EXACTLY THE SAME holiday online, cheaper, just by pressing a few keys? " Could a property not be advertised with an online agency and traditional estate agency at the same time? Where do i find those stats Peebee? I am genuinly interested. I have long said potential compare an agent sites do not work because they are not personal enough! |
Added by on 2011-12-20 14:56:42
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'Sorry - 1.93m and WAAAAAY too many kgs for my own good'
Peebee.....a giant among straw men... |
Added by Times Up on 2011-12-20 14:43:29
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Come on then guys pony up and make some testable predictions.
I reckon inside of ten years the number of people employed as estate agents will be down by at least half where we are today. Anyone else want to make a prediction or just sound off some more?? |
Added by wardy on 2011-12-20 14:42:07
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@ Happy Chappy
what was that about staw man arguments? No Chappy, thats not what he was saying. |
Added by Happy Chappy on 2011-12-20 13:56:24
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| Peebee.....Just a quick question are you suggesting an estate agent in some way prevents house buyers buying a house thats a pile of you know what! |
Added by PeeBee on 2011-12-20 12:55:50
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"I would put a tenner on PeeBee being a very little man."
Sorry - 1.93m and WAAAAAY too many kgs for my own good. Please donate the tenner to Cancer Research. Thank you for your generosity. Every penny counts - and you've just pledged a thousand of them... |
Added by PeeBee on 2011-12-20 12:50:09
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"For example ten years ago my local high street must have had 6 travel agents, one was huge, it must have been 4,000 square feet, a Thomas Cook if I recall.
Now there is none, although there is one in a secondary off highstreet location." Could that be because you can buy EXACTLY THE SAME holiday online, cheaper, just by pressing a few keys? And... if you don't enjoy yourself on your fortnight's jolly - so what? You don't go back to the same resort next year - or ever again. You certainly don't then have the potentially immediate problem of selling it on as you would a house purchase that you regret the day you move your stuff in - at which point the vast majority of sellers (...not my words - look at the stats of private & online EA sales vs traditional...) want and expect a service from a REAL PERSON 'selling' it to buyers who are sitting in front of said real person. Is THAT a "straw man" argument? |
Added by AceofSpades on 2011-12-20 12:38:16
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(After a long, pondering pause)...
Times up - Oh, you were being serious about the travel agents comparison? I thought you were joking and I was ready for some banter, but I'm not sure what to say now I know that you really meant it. :S |
Added by wardy on 2011-12-20 11:47:53
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lol @ rant
@ Times up, I was making the point that RM isn’t the only way that house get sold. Rm haven’t got access to half the tools needed to sell, especially in today’s market. If you think that all you need is rightmove then maybe it goes to show how little you know about the topic you seem to spend so much time commenting on. More evidence of this is comparing estate agents to travel agents. I’m not sure I can be bothered to explain that one. |
Added by PeeBee on 2011-12-20 11:21:09
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"Either the brown stuff sticks, or it don’t."
True - and as I have pointed out ALL the brown stuff YOU chucked hasn't anywhere to stick... " However, when I demonstrate to you that your almost entire style is to make long winded strawman arguments you become extremely agitated, because the accusation stuck." SORRY?? HOW can you possibly state that? I'm cool as a cucumber and positively LOVING this, sunshine! YOU, however, have met a match you simply cannot comprehend - never mind handle... so you chuck THAT drivel in. IF I respond - I am on the offensive and you feel vindicated - and spout off about it. IF I don't - you feel vindicated and spout off about it. Only problem is that the ONLY TWO people who believe that you are ONE PERCENT vindicated are PoTW and you. Is he your Dad, perchance? Keep it coming, pal - I'm itching to shift into second. Hate it when I have to crawl along in first waiting for the likes of you to catch up... |
Added by Times Up on 2011-12-20 10:35:48
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Ace “there are morons here who are assuming that EVERY seller will suddenly do it and it will be the end of estate agency. Thick as . “
Really? Who is assuming this? For example ten years ago my local high street must have had 6 travel agents, one was huge, it must have been 4,000 square feet, a Thomas Cook if I recall. Now there is none, although there is one in a secondary off highstreet location. I cannot think of any others in town, there used to be more, now there is not. So yes, there will always be a place for a good travel agent. Just not as many as there used to be. I actually believe that estate agent will hold up better than travel agents, but I still expect the majority to go at some point in the next 10-15 years. |
Added by Times Up on 2011-12-20 10:28:20
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Wardy “let me tell you something. The amount of agreed sales that can be directly attributed to RM is getting smaller and smaller.”
Very interesting, I look forward to reading about the day you leave them. Jonnie “their business model needs EA’s so based on this don’t get a little wet patch on the front of your Primark trousers by thinking that RM wants to go direct to Joe Public anytime soon.” Maybe. Or maybe they could change their business model in a few years after everyone is used to starting their property transaction journeys online. Put it this way, you may be right that few vendors instinctively turn to RM, but most buyers (or at least ALL the ones I speak to) use RM. 6/7/pick a number years later these people are going to want move, what is the first thing that’s going to pop into their head, I bet its RM. There are always people like you that simply refuse to believe that the world could change, and that the way people do business today won’t be exactly the same in ten years time. I bet a lot of travel agents thought the same once. But we will see, but i reckon we have not seen the last of the RM innovations. |
Added by Happy Chappy on 2011-12-20 10:26:28
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Ok my two penneth...Some estate agents argue that other estate agents overvalue.....generally they are the ones not chosen by the vendor......the ones that have been chosen by the vendor argue that the greedy vendors overvalued or cant afford to price lower they just agreed to it the price to test the market / gain the instruction(whichever they prefer to admit to)....in the current market conditions they then try to talk the vendors price down....banks have stopped lending to fuel the boom....what all this has to do with rightmove allowing private sellers to market properties at there overvalued greedy / cant afford to sell forless price i have no idea. But if my straw thought process above is correct it could be argued that EA's should let them because they will be charged a monthly fee and the house wont sell because its overpriced.....eventually driving them back to estate agents....phew....or does my thinking make me an uniformed buffon talking hogwash :0)
(or a communist as an anon poster thinks i am on other threads) |
Added by rantnrave on 2011-12-20 10:24:07
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Rather than saying strawMAN or strawMEN, the correct term should be strawPERSON or strawPEOPLE. If it is possible to differentiate between the genders in such cases, then the terms strawWOMAN or strawWOMEN could also be used.
The failure to get this basic point right is completely undermining the other points being made. ; ) |
Added by AceofSpades on 2011-12-20 10:21:20
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Lots of donkeys on here ASS-uming.
If.....IF.... RM offer direct listings to public (they won't anytime soon), then there are morons here who are assuming that EVERY seller will suddenly do it and it will be the end of estate agency. Thick as . They won't. Good EAs are here for the long haul. I rarely see a compalining 'vendor' on EAT....no doubt will will miraculously turn up out of the blue now though! The moaning comes from the 'buyers' who are technically not 'buyers' at all. They would like to buy in a few years when a family of 5 have been kicked out on the street and it's 90% less than the 2007 price. I am extremely pleased not to be spending Christmas with any of these characters.....what fun it would be!!!!! |
Added by Times Up on 2011-12-20 10:19:29
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And here peebee moves on to his second crutch. The demanding of an unfeasible high standard of response. Look at your last post, your basically commissioning a small book off me. Prove this, counter that, substantiate a list of five things with supporting peer reviewed references.
You do this because you know that most people can’t be bothered to hammer out a 2,000 word response, so when they don’t respond to all your complete lists of demands you get to jump up and down claiming some little victory. The point is much simpler than that. Either the brown stuff sticks, or it don’t. So your causal insults don’t stick, and I never bothered responding, they are beneath me. However, when I demonstrate to you that your almost entire style is to make long winded strawman arguments you become extremely agitated, because the accusation stuck. |
Added by PeeBee on 2011-12-20 09:50:36
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'Times Up':
Thanks for that. Good old Wiki - saves you even using your own brain to explain something... So - back to my supposed "straw man" argument. Please show me WHERE and HOW I have misrepresented or twisted EITHER you or PoTW's words in order to create a counter argument. I would additionally ask that you show me the substantiation you have for your initial statement "First time buyers have been stitched up by over-valuing EAs for many years." and how I can have possibly "distorted (it) to the point of absurdity" in order to create my "straw man" argument. In fact - lets go one step further - talk me through how can I have countered what is obviously a "straw man" argument WITH a "straw man" argument? Please, please, give me ONE SHRED of evidence that you are not an "uninformed, blinkered buffoon" - as THIS seems to be the hub of Mr PoTW's argument and to date you are making HIM look foolish for trying to back up YOUr position. And while you are at it - hows about responding to Jonnie's summing up of why you have such little regard for Estate Agents? Or are you still weeping uncontrollably? ;o) |
Added by wardy on 2011-12-20 09:37:28
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@ looking forward, times up etc,
Some points you may not have thought of How much do you think it costs people to put their property on the market with most estate agents in this country? How many buyers end up buying the property they originally enquired about? How many sales actually come from an online source? How many sales come from rightmove alone? You see we (agents) already know the answers to all the above. You may find agents on here that solely really on RM for their applicants and viewings but let me tell you something. The amount of agreed sales that can be directly attributed to RM is getting smaller and smaller. there are other ways to sell houses you know |
Added by Times Up on 2011-12-20 09:31:32
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@Peebee
What Puzzled is no doubt unhappy with is that you only have one style of argument. The straw man. You use it almost every post you make. Allow Wikipedia to explain: A straw man is a component of an argument and is an informal fallacy based on misrepresentation of an opponent's position, twisting his words or by means of [false] assumptions. To "attack a straw man" is to create the illusion of having refuted a proposition by replacing it with a superficially similar yet unequivalent proposition (the "straw man"), and refuting it, without ever having actually refuted the original position. Generally, the straw man is a highly exaggerated or over-simplified version of the opponent's original statement, which has been distorted to the point of absurdity. This exaggeratedor distorted statement is thus easily argued against, but is a misrepresentation of the opponent's actual statement. You do this, EVERY topic you post on. |
Added by PeeBee on 2011-12-19 23:22:43
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Puzzled: "What a load of unmitigated, patronising, blinkered hogwash."
Hogwash, huh? I think you will find that every word is 100% correct. Show me ONE that isn't. In fact - go through ALL the long words you chuck into the above sentence and qualify them. Methinks you just opened the dictionary randomly and thought "THAT one looks good - I'll shoehorn it in somewhere for effect..." "If I say you are talking out of your backside, you, presumably, will not take it as perjorative?" You can say what you like. Bigger and better have had more to say to me than that - only to slink away afterwards looking like complete pillocks. so far - you are keeping up with them only on the last four words... "What youngster could stand isolated against that barrage and think logically. I know I couldn't and didn't when I was caught up in various booms throughout the last 40 years." So - you've been "mugged" several times, eh? Blimey - you shouldn't be on a site where big, bad estate agents frequent - they might pick on you and make you buy something! It's been quite a day for uninformed, blinkered berks, I would have to say... |
Added by Looking Forward on 2011-12-19 23:03:12
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If this new model works "those agents" will be left with a very few clients (or no clients at all) and it'll be pointless for them to get listed on any property portal, and with no clients they'll cease to exist.
Zoopla then can sell the domain or start uploading free porn videos in order to generate some interest and revenue. |
Added by Anon Agent on 2011-12-19 22:48:19
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Yes, leave buyers and sellers to it
No gazumping..........."erm, no, the public do that to each other so we will still have that, normally vendors fuelled by buyers who dispute being told it was sold exercise their right to bid and do No lying - well not quite, buyers and sellers lie a fair bit, don't give the whole picture, mis lead when it suits so we will still have that Over pricing - nope, leave an English man to value and manage the price of his castle and he will definitely make a hash of it So that leaves annoying phone calls!? Will these be the ones that those bloody EAs you registered with make to see if you still want them to spend time on you? Yes, that sounds great I'm sure it will work and if RM decide to bin a multiple million pound business model to deal direct with the public the bloke from Zoopla will be more than happy to give all those agents a place to put their clients property. The second he's managed to pick himself of the floor pissing himself laughing at his good fortune |
Added by Looking Forward on 2011-12-19 20:15:24
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"private sellers and landlords can easily bypass agents and list their properties on Rightmove from about £39 for rental properties and from around £300 for sales properties."
Oh how much I'm looking forward to it.....!!!!! Goodness !!! There would be no more: Gazumping Lying Overpricing Annoying phone calls Etc.... Just Buyers, Sellers, Landlods, Tenants and Rightmove ! No middle men ! Awesome ! |
Added by Puzzled of Tunbridge Wells on 2011-12-19 19:53:04
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Hmmm, calling someone an Uninformed, Blinkered Berk is not calling someone 'a name'. Fair enough.
If I say you are talking out of your backside, you, presumably, will not take it as perjorative? You said: 1. NO-ONE is forced to pay what an Agent markets a property at. THE BUYER offers a figure, which is then accepted or refused by the SELLER. 2. Once the BUYER and SELLER agree a sale price, the buyer then pays for a 'valuation' through their chosen lender. This VALUER then confirms to the lender that the property represents suitable security for the loan. 3. AT ANY TIME during the purchase process - usually a period of 8-12 weeks pre-exchange of Contracts, the BUYER can WITHDRAW their offer if they believe that the agreed price is excessive; or attempt to renegotiate the agreed price. 4. Presumably, the majority of these First time Buyers have PARENTS, who will be offering them advice as to whether a particular property appears to be a good buy or not.. What a load of unmitigated, patronising, blinkered hogwash. Do you think people don't know you can pull out before exchange of contracts. Well, whippitydoo - who knew that eh? You must live in a very black and white world. There have been times (most of the time actually, in my lifetime) when a whole industry - estate agents, lenders, TV pundits, property supplements in EVERY newspaper, and, most definitely (and unbelievably), parents - have been exhorting youngsters to 'get on the ladder', not to 'miss the boat', 'prices will be higher next year'. What youngster could stand isolated against that barrage and think logically. I know I couldn't and didn't when I was caught up in various booms throughout the last 40 years. Yes and estate agents have been the prime movers in this 'talk up the market, you can't lose with property' nauseating twaddle that they have peddled for years. Of course , not all agents are like that. But a bloody lot of them are. |
Added by PeeBee on 2011-12-19 19:30:11
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PoTW -
I didn't "call him names". I stated the obvious! The uninformed, blinkered buffoon that is 'Times Up' stated that Agents have stitched up buyers by overvaluing. You seem to agree. I would point out the obvious in defence of the industry: 1. NO-ONE is forced to pay what an Agent markets a property at. THE BUYER offers a figure, which is then accepted or refused by the SELLER. 2. Once the BUYER and SELLER agree a sale price, the buyer then pays for a 'valuation' through their chosen lender. This VALUER then confirms to the lender that the property represents suitable security for the loan. 3. AT ANY TIME during the purchase process - usually a period of 8-12 weeks pre-exchange of Contracts, the BUYER can WITHDRAW their offer if they believe that the agreed price is excessive; or attempt to renegotiate the agreed price. 4. Presumably, the majority of these First time Buyers have PARENTS, who will be offering them advice as to whether a particular property appears to be a good buy or not.. The above is one thing, Puzzled... If you wish to roll in "sharp practice" on the back of it as YOUR reasoning - sorry but that is another cookie completely, which I am happy to discuss separately. However, the fact remains - 'Times Up' is an uninformed, blinkered buffoon. Believe me - it is a FAR more polite tag to that which I originally typed... |
Added by Puzzled of Tunbridge Wells on 2011-12-19 17:51:27
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Times Up said: "First time buyers have been stitched up by over-valuing EAs for many years."
and Pee Bee called him names. I'd have to say I agree with the sentiment Times Up expressed. In a busy, rising market - well let's say I have experienced being treated by estate agents as if they are doing me a favour letting me view. And all the cliches leap to mind - 'lots of interest in this one ... we're looking at offers well above asking price ... the other party has gone up 5 grand ... long before open days were ever thought of I was told to report instantly to view a flat in Slough (come friendly bombs!) - the agent would be there until 1.00 and the deal would be done today. Now you might say that it is just agents doing what they are paid for - getting the best price for their client - shame they have a knack of doing things in such a way that you have the distinct feeling you are being mugged. I suppose you, Pee Bee, have never heard of estate agents telling (ignorant, naive) FTBs that they must use their in house mortgage advisors or they stand no chance of doing a deal. I mean, I'm not imagining that am I? Think people have even been nicked for it. Maybe it's just the southern estate agents that get up to some sharp practice. |
Added by Happy Chappy on 2011-12-19 17:32:47
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Jonnie
50% of your post is right....I would explain but others will have to point out what is wrong. I have to leave to do something more important. |
Added by Jonnie on 2011-12-19 16:54:50
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Times Up,
Put it back in your pants for a minute and try and have a proper think about the post you made you thick, knuckle dragging half wit / poor sod that caught his Mrs in the sack with an EA and hasn’t quite got over it / ill informed but harmless buffoon [DELETE AS APPLICAPLE] First off its not EA’s that stitched anyone up mate, it’s a thing called ‘the market’ funny big thing that’s difficult for some to understand but its influenced by many factors and trust me mate if EA’s did or could control the market we would have it all nice and steady with a good volume, I wont bother with commercial the reasons for this as there is a fair bit for you to take in but if you knew anything about the business, in fact any business then you’d get it. Second – this Rightmove thing, RM needs content, lots of it, all up to date and by the ton and EA’s do this for them. The public tend to sell one house at a time and cant do the volume thing, and and therefore there is lots of commercial reasons why their business model needs EA’s so based on this don’t get a little wet patch on the front of your Primark trousers by thinking that RM wants to go direct to Joe Public anytime soon. Jonnie |
Added by Happy Chappy on 2011-12-19 16:42:39
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HD - What is a piddly little fee?
RIc - IMO It is more likely Rightmove will charge a monthly fee to inviduals just like they charge a monthly fee to estate agents rather than a one off listing fee. |
Added by PeeBee on 2011-12-19 16:09:47
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'Times Up': "First time buyers have been stitched up by over-valuing EAs for many years."
WOW - an early winner for this week's "Uninformed, Blinkered Berk" award! |
Added by HD on 2011-12-19 16:01:19
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How many agents complain about rightmove fees, but then only charge there vendors or Landlords piddly little fees.
Put your fees up to off set the cost. if you can up all your sales fees, by just .25%, then majority of your advertising costs are going be taken care of. |
Added by Ray Evans on 2011-12-19 15:52:58
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Nothing changes – many same old views (not all) repeated over and over again!
However, one thing does stand out in many posts - the over-riding Rightmove influence that is fundamentally affecting the independent. It would seem that Rightmove, with most agents unqualified support ahd financing is well on the way to being a property Tesco if they so wish – I can see nothing to stop them. They will provide everything that the agent needs and what is required by seller or buyer. The subscription costs will such that they will be afforded only by agents with a high turnover and high cash flow. Size will increasingly matter. @AceofSpades: You have a very good point. If in a viable geographical area independents could bury their differences and "promote" in advertising and the publics image of their individual offices in some way (legally binding) with a common linking name (still incorporating their own name?). The choice of main portal would be a business decision. Just another of my thoughts……;>) P.S. A bit like 'TEAM' ?l |
Added by AceofSpades on 2011-12-19 14:43:26
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Mr Grumpy - While I think RM is a good service that adds extra value to agency, I will offer some advice.
Forget a mass National exodus, never going to happen. Instead your best option is to speak to your local agents and do something between you and them. Your estimations also fail to recognise the agents who are happy with the service they receive from Rightmove. |
Added by Mr Grumpy on 2011-12-19 14:34:33
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Vote for invisible day .. lets have a revolution
I suppose we can count on everyones support .. art least those who have commented on here!! Unfortunately we might need a few more Who is brave enough to try it . i would , well just for a day anyway . It wouldnt cost anything .. not even the fee on 1 extra house sale. |
Added by Put up or shut up! on 2011-12-19 13:41:44
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I left for TDPG and never looked back, 'aceofspades' (Any good estate agent SHOULD be able to successfully conduct themselves without Rightmove) spot on sir!!
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Added by Ric on 2011-12-19 13:20:54
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Too many views on this one!
RM advertising -v- local paper advertising = EXCELLENT value for moeny! (They reach far more people and allow much more content) RM Customer relations = SHIT and this is where they have got it so so so wrong! - If only the RM rep would pop in the office every other month and ask how things are! Any training needed, how is business, anything really to stop the most obvious cycle you get with RM which is, they take money off you 12 times a year and the one RM visit per year is to say the next 12 months will cost more! THAT IS WHAT IS ANNOYING as what they offer is without question a great property platform and reaches many buyers BUT atleast come and hug us now and again! Thats what a customer wants....to feel loved now and again! PS I have not changed hats on RM even though they are the best property portal out there, I hate them, due to the Customer relations! RM are no stronger than every agent out there, although they are stronger than each individual agent out there and I agree it would take a "mass walk out" to have an impact! Also RM will never go with £100 per listing -v- £400plus off the agents! £100 PL looks good when you tot up the over night revenue based on todays stock, but moving forward, the income would be much less over the following years! £400 plus every month is taken whether new property comes to the market or not so it is better to know what the next 5 to 10 years will bring than gamble the new stock levels will always be on a par with agent numbers (current existing ratios) Invisible Day - is the way forward though, or invisible fortnight - All agents, make all property invisible from 31st December to 14th January and see what happens in week 2 of the strike to the RM stats! bet you the RM user count is down and when agents hear their office phone rings more or their own website gets more hits, you have a measure on what could be! If nothing happens, make them visible again and move on! (nothing in your contract to say you cant have your stock invisible & if the hike in fees is coming anyway then what do you have to lose, atleast they cant charge you more for getting back on, as you have never left, which seems to be a fear that once you come off you are at their mercy to get back on) anyway RM rant, Merry Christmas all - PS anyone for Invisible day? |
Added by Rip Off Rightmove on 2011-12-19 13:11:39
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The price hikes are not annual, they are every 8 or 9 months. if you annualised the last 10% increase, it would have been 15%.
The OFT & MMC are a joke. They are too independent. The Dept of Business cannot sadly, force them to investigate a particular case, even when they want them to. The NAEA / RICS / ARLA etc should be kicking in the doors of these bodies to force an investigation....but they are chocolate tea pots of course. This is a beacon cause by which our trade organisations should be measured. Over to you boys. |
Added by Happy Chappy on 2011-12-19 13:03:31
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| The RM subscription is far more appropriate/valuable than what many sellers actually get for their 1.5 % - 2% fee. - Agreed !! |
Added by Happy Chappy on 2011-12-19 13:01:27
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| The cost of advertising on search portals is one of the few tangible costs that a vendor can easily understand. Perhaps you could charge them for each portal they want you to advertise on.....just an idea :0) |
Added by AceofSpades on 2011-12-19 12:48:13
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Bored - If the service RM offer was cr@p, you sound like you would happily walk away off of your own back, not holding anyones hand.
The fact you would only leave them amongst a mass exodus shows that you know they offer a valued service. A service that you do not want to pay for. A service that you won't leave because you feel you will miss out and your competition will contunie to benefit from. It really is simple, leave Rightmove YOURSELF....I hope you can operate profitably without one property portal, surely so? The RM subscription is far more appropriate/valuable than what many sellers actually get for their 1.5 % - 2% fee. |
Added by Bored on 2011-12-19 12:39:11
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It always the same. Rightmove hikes it's prices up, everyone moans and then nothing happens. (Zoopla's at it aswell now). No one will do anything about it unless there is already a lareg enough movement away from these money hungry portals by other agents. which is understandable because Rightmove no doubt makes up over 50% of your leads.
The easy solution is for everyone to choose the only free portal that should be less likey to suddenly turn into a money hungry beast like Rightmove or Zoopla.......I suggest Propertylive. At the end of the day they wouldn't need £million advertising campaigns, just for every agent to shift their stock to them and then advertise them in their windows as 'THE PLACE TO BE'. Word gets around pretty quick of where to find the most comprehensive list of properties. Also as soon as Rightmove experienced a mass exodus the papers would love to jump on that, shares would tumble, within months they'd have zero agents and zero properties, they wouldn't have the money to continue and the business would implode....aaaah it's good to dream eh. Still it could happen, but, as ever someone needs to organise it and get a large enough group to start the exodus. Everyone would need to sign up to some sort of contract that would tie them in to leaving Rightmove and promoting Propertylive, this would only kick in if say Xthousand agents signed up to all move at the same time, that way everyone is protected. It's an idea that probably needs looking at, but quite a good one all the same. Anyone want to get organising!?! I thought so. |
Added by Rightmove own you on 2011-12-19 12:30:57
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@ Zoopla Convert
MASSIVE SAVINGS =offset by= LESS TRANSACTIONS MASSIVE SELF DELUSION |
Added by Zoopla Convert on 2011-12-19 12:20:54
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I thought there was no way I would leave rightmove, now I'm happier and never looked back!
I get sales and lettings leads as well as calls all recorded which I can log in and listen to all under 1 package, no extras! And for half the price of rightmove per month = MASSIVE SAVING! + Zoopla are going to do some big advertising in 2012. When we left rightmove they said, IF you come back the charges will be higher!!! Thats it, no special offer nothing, so forget you rightmove. |
Added by Puzzled of Tunbridge Wells on 2011-12-19 12:05:20
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What an ungrateful lot you are. They invest millions in IT infrastructure and TV advertising - meaning all you have to do is click the 'Upload' button and wait for the leads to come pouring in.
£500 a month to put 25 properties on. £20 a month each. Average time on market? Let's say 12 weeks - so it costs you a paltry £60 to market each property. In a sane world you would be being charged twice as much. |
Added by AceofSpades on 2011-12-19 11:03:42
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This whole Rightmove thing gets blown out of proportion. Don't wait for your competitors to leave, make a stand yourself. If it doesn't offer value, leaving them will instantly free up additional marketing budget.
JS - If you felt sales was "not worth it" so you pulled out, I applaud you. Too many people complain that price is too high, yet still continue. If a service is not worth the money, don't pay. Any good estatte agent SHOULD be able to successfully conduct themselves without Rightmove. I believe RM is a good service and will deliver EXTRA leads but unfortunately many have relied on it as the sole source for leads. A GOOD estate agent will be able to stand the test of time, whether online or on the high street. It's time for the agents who are good at their job to stand up and be counted. Inspire the public, show them WHY they need to use you for their housing transactions, respect your buyers (your aim is for them to be your seller one day) and deliver an honest, valued service. I don't see much being done for the perception of agents to be improved. Remember, RM is one website. One portal. There are others to use if you really want. But a portal is an added extra, not the dependancy fo your entire business. If it is, you might as well press the button now.... |
Added by JS on 2011-12-19 10:52:55
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We pay £350+vat for letting only, stopped sales advertising a while back as it was around £700p/m+vat combined, just not worth it.
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Added by Times Up on 2011-12-19 10:43:05
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First time buyers have been stitched up by over-valuing EAs for many years. Now EAs are getting a taste of their own medicine and suffering relentless price rises.
Many of us will be laughing as Rightmove move ever closer to wiping out the Estate Agent entirely. They will be a thing of the past like high street Travel Agents or insurance brokers. The funniest thing is..... EAs are actually funding the organisation that will put them all out of business to develop the service and software needed to do just that. Brilliant! |
Added by Anonymous Coward on 2011-12-19 10:34:12
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As an aside, although they have competitors, they have managed to get themselves into a virtual monopoly because they are so much better than their competitors.
A bit like Apple and the iPod really. When you have that level of control over the market, then your customers will moan about being gouged, but let it happen anyway. It is the "Oooh shiny new things mentality - we have allowed this to be done to ourselves" |
Added by Anonymous Coward on 2011-12-19 10:30:38
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To EVERYONE
It is too late - do you honestly think that with their enormous stock value and HUGE cash reserves that Rightmove would bat an eyelid if every single agent walked out tomorrow? Seriously...? All it would do is give them the perfect opportunity to launch their new online estate agency. Rightmove are a very clever organisation and they must be planning for this. I would, and I am only a little bit clever (I just don't have any money...) Resistance is futile - it is already too late - as Mr Grumpy says The writing has been on the wall big and large for some time, its just we are too stupid to read it. |
Added by ronald on 2011-12-19 10:18:56
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£490 a month – up from £405 that is sales only and disgusting - 21% increase in these tough times. agents are over a barrell when rightmove say if you leave us and want to rejoin you will come back at a new members rate of £700 per month for sales only with less than 50 properties on your books.
Rightmove is treating it's customers with contempt they say they have 84% of the market - what does the OFT say about these tactics |
Added by chris wood on 2011-12-19 10:07:25
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Private sellers: Will always be able to sell privately and good luck to them. Just last week, we negotiated yet another sale at a higher price than the owner would have accepted, making the owner substantially better off, even allowing for our fees and the rest of our service, including keeping the sale together to completion hasn't even been added into that equation. Not all sales are like that but, over 95% of UK house sellers choose to use an estate agent for good reasons.
Rightmove: Have built a market dominant position and are abusing it. They have my business but, only by holding a gun to my head. |
Added by IHS on 2011-12-19 10:05:30
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If enough of you voted with your feet they might think twice about their pricing structure. They are allowing private individuals to advertise on their site now which indicates which way the wind is blowing.
We no longer use them and have not noticed any adverse effect on our lettings - in fact we have more money to spend on other advertising projects. |
Added by mr Grumpy on 2011-12-19 10:03:50
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I am certain that eventually rightmove will offer the complete agency package and like Ano ymous coward I think we will ,as an industry ,be decimated by their actions and we are funding this destruction of a long standing industry , and yes the times are changing becsuse like it or lump it the internet is the way forward and customers will buy at the lowest price that they percieve to be value for money. How many business have re modelled to on line , look at at any high street chains web site and then your own. Agents sites are generally very poor by comparison . Who hasnt bought something on line especially from amazon????
We have not seen the writing on the wall and my word it has been there for a long tome and written big enough for all to see . all we have done is moaned . rightmove has invested heavily to provide what we have not a functional web site, that does what it sets out to do . Of couse if every agent withdrew from them their site has no value but we wont because we are too obsessed and nervous of such a big decision because what if our competitor doesnt , as he promised, we dont trust each other |
Added by timeforchange on 2011-12-19 10:01:21
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R.M. One of the UK's top performing stocks in 2011 - up over 50% during a supposed property market recession. Our industry should be really proud of this as we all made it possible !
As long as we keep wagging our fingers and ranting with futility on this website and elsewhere about RM nothing will change. We need to start to pull together as an industry to tackle this behemouth - Locally the main agents in a town who are usually the independents should put their competetive differences to one side and agree to de-list as a group - you wouldn't need all of them to agree as once less than 50% of the market isn't on RM it will quickly cease to be a big deal to a seller if an agent isn't on it - things happen fast with the web - this will take a few weeks not months of holding your nerve. Nationally the big boys LSL/Connell/Countrywide/haart - most of whom have an interest in Zoopla anyway, should de-list en-mass. They wont suffer half as much as their management lead them to believe because as soon as this happened most of the other agents around them would sieze the opportunity to save money and cripple RM t the same time. The longterm savings would dwarf any shorterm pain. Ignore the "naysayers" who say "it'll never happen" and instead take inspiration from the many examples in 2011 where a colloborative and co-ordinated response by a suppressed majority has overcome the seemingly unbeatable might of an oppressive and unfair regime! So lets all put the apathy and resignation about RM behind us and instead make it your New Years Resolution to call around a few of your like-minded local competitors and meet up to see if you cant agree to, for once, work together on something that would benefit you all - you've got nothing to lose and everything to gain. |
Added by Anonymous Coward on 2011-12-19 09:37:05
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PoTW - you have a very good point. I don't think it will be PIP though.
One day (probably sooner than most would guess) I think RM will decide that £100 per house is better than £450 per month per estate agent. They have the idea of linked sales down pat - they'll get you for the mortgage and the solicitors too. Need an EPC? What about photos and a floorplan? Posh house? How about virtual tours? Want someone to do the viewings for you? What about sales progression? All of a sudden, I think that the race to the bottom will have been won and the service will be brilliant (even though the price will be low). A bit like Tesco & Sainsbury. I would hazard a guess that 50% of all agents will go out of business. Think I am mad? Think I am wrong? Ask Sony (Walkman) what they think of Apple (iPod)... It is better to own the new business that kills your old business rather than let someone else do it and end up with nothing. |
Added by Puzzled of Tunbridge Wells on 2011-12-19 08:40:08
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Okay, it doesn't seem to allow you to post a link. Maybe it does if you register?
That Property Investment Project site - that seems a bit of a hoot - whereas most of the 'sell your property yourself sites' have not gained any traction - if that site gets plenty of web exposure (and in these days of social media, you don't need a big budget necessarily) - I can see more and more people giving that a go. When I come to sell my house - will I pay an agent 1.5% of 500k - or will I try to sell it for £395? Hmm, tricky one - I'd definitely be tempted to give it a go myself first. Bob? Bob! Is that you Bob?! - Sorry, I keep hearing the song 'the times, they are a changing'. |
Added by Puzzled of Tunbridge Wells on 2011-12-19 08:35:28
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Amazing that on this site you don't seem to be able to post a hyperlink - not even in the article.
Curious to see if the software running this will allow it. Property Investment Project |
Added by Captain Hook on 2011-12-19 07:10:03
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| Rightmove need to b broughtdown a peg or two their attitued and price hikes are disgusting, they should have accross the board charges they seem to pick and choose what they charge what they like,its about time the OFT got involved. |
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