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Michael Riley
Michael Riley
Agent first, innovator second, property market trend spotter third.
2920  Profile Views

About Me

Old school agent with nerdy knowhow.

Michael has been an agent since 1994 and is the former Head of Residential Sales for Savills, A Head of Operations for Romans in the Thames Valley and former member of the British Sailing Team.

"If you cut him in half, it would say Romans through the middle"

my expertise in the industry

First agent in UK to earn a £1million in commission working remotely.

Romans Estate Agents 1994 - 2007
Savills 2007 - 2008
Founded (2009) boutique hybrid estate agency Capital & Coastal.

Founded UKpropertysearch.co.uk 1996 Sold
Founded Byehome.com 1999 Sold
Founded Bambooavenue.com 2000 Lost the lot!

Acquired Hamiltons Estate Agent and Lettings Agents July 2015. (Sold Hamiltons Lettings and Property Management 31st October 2017). 108% ROI in 27 months.

Michael's Recent Activity

Michael Riley

From: Michael Riley 27 March 2020 05:06 AM

Michael Riley
I sympathise with these agencies. If you are thinking of doing the same, an alternative use of the time spent requesting a payment holiday (which is about as likely to happen as Lemsip sales going down right now) would be to communicate to buyers and sellers with A) clear instructions of how you will manage viewings on clients homes to maximise chance of sale during the outbreak and minimise risk to all. B) Clarity on how the office will function. C) Social proof of other deals that are happening and number of people viewing, offering and moving. More extreme measures to get cashflow moving to consider.... D) presenting a pay upfront offer to homes already on the market with you (and others) giving a hefty discount. "Bad news for us Mrs Seller, great news for you." The result may surprise you. Be VERY clear with the seller that this is pay regardless of sale and take some legal advice on your TOB. But its basically a PB model. E) 7.5 percent commission discount on any high value deals that have exchanged but are more than 6 weeks to completion. In the past I offered a 5% discount on bills more than £10k with delayed completions of more than two months and half the clients would pay on exchange rather than completion, which in some cases was many months away. Having said all that, this is the moment that the great agencies and agents wait for. If your one of those, lean in, get creative and enjoy every moment your competitors spend time moaning about what they can't influence. Great agents make markets and are well prepared to take advantage of competitors who are financially weak or clueless or scared. If your only now working out what to do, your probably not one of them. But at least you will have a plan for next time external factors zig when you thought they would zag.

From: Michael Riley 13 March 2020 03:32 AM

Michael Riley

From: Michael Riley 05 March 2020 07:00 AM

Michael Riley

From: Michael Riley 15 January 2020 07:51 AM

Michael Riley

From: Michael Riley 10 December 2019 11:04 AM

Michael Riley

From: Michael Riley 19 November 2019 06:14 AM

Michael Riley

From: Michael Riley 12 July 2019 09:18 AM

Michael Riley

From: Michael Riley 04 July 2019 09:12 AM

Michael Riley

From: Michael Riley 21 May 2019 12:25 PM

Michael Riley

From: Michael Riley 07 March 2019 08:27 AM

Michael Riley

From: Michael Riley 23 January 2019 08:44 AM

Michael Riley

From: Michael Riley 15 November 2018 16:19 PM

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