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Jonathan Doherty
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Regarding whether to buy or rent. Unless property prices are crashing, it is always better to buy if you can. If your rent is £1,000 a month, is the value of the home you are looking to potentially buy, falling by that amount? Even if it is, better one less payment, than one more. Happy Christmas : ) p.s Why do the media still take any notice of Capital Economics house price predictions. They only consistant thing they do, is get it wrong. Lots of intelligence, no common sense.
From:
Jonathan Doherty
22 December 2023 10:12 AM
How few people do we imagine they will employ to progress a chain through to completion? As we agents know, this is the most difficult part of the job and the most time consuming. They have almost no incentive, apart from reputuation??, to assist when a sale encounters the myriad of problems that occur.
From:
Jonathan Doherty
18 December 2023 10:14 AM
“The process for buying and selling properties hasn’t changed in almost 200 years. It’s a stressful and costly journey that should be simplified, which is what we’re doing today. Customers are now able to sell their home for free, with no hidden costs. The above mentions a problem but then swerves like a politician and does not say what they are going to do about it.
From:
Jonathan Doherty
12 December 2023 10:15 AM
I hope the emphasis can be on solicitors being prepared to being brave enough to take a common sense view on smaller matters. I think the main reason for delays is not because of lack of up-front info ; it is because solicitors are concerned that the next time the property is conveyed, that an error/omission was deemed to be made and so the may get sued. Newer conveyancers and solicitors are asking for far more indemnity policies than they used to. This back and forth is causing the delays. A pipe dream I know, but maybe the answer could be an all encompassing insurance policy for every property in the country.
From:
Jonathan Doherty
14 March 2023 10:37 AM
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From:
Jonathan Doherty
17 February 2023 10:22 AM
Trusting your biggest financial asset to someone that does not care how much you get for that asset should always have rung alarm bells but the financial pundits seemed to love talking only about one end of the sum. Save, save, save money they said! Well p/bricks don’t need saving.
From:
Jonathan Doherty
17 February 2023 10:22 AM
I think it's worth saying to potential clients that a more subdued market is a more pleasant atmosphere to move in, compared to when the market is going crazy. It takes longer to sell but at least there is more chance of not having to fight off other buyers when you buy. You are also less likely to make a bad choice of purchase...and have to move again.
From:
Jonathan Doherty
03 February 2023 10:03 AM
If they can't make money from when instruction levels were at near record highs, they certainly wont when they are low. i.e 2023. I think it was Duncan Bannatyne from dragons den that said about other companies proposals... they've invented something that didn't need inventing.
From:
Jonathan Doherty
20 December 2022 09:43 AM
I notice most of these fines are for not registering in time. They seem to revel in their power and now don't send out reminders. They then make it quite difficult to pay and then even when our firm did pay in time they sent us a notice saying we could no longer be estate agents. We sent proof of payment and have still not received acknowledgement, let alone an apology. These people are power hungry and need to tone their aggression down. After all, all we are doing is doubling up on what solicitors are already doing. So looking for a rare bent conveyancing solicitor.
From:
Jonathan Doherty
16 December 2022 11:57 AM
The report notes that Zoopla recorded a 40% transaction fall-through rate in October, which “hurts estate agents like Purplebricks.” Not sure why this would hurt P/Bricks as, as we all know they get paid regardless.
From:
Jonathan Doherty
07 December 2022 09:42 AM
Look forward in vain to Watchdog / One Show saying how there is more to selling property than being on Rightmove
From:
Jonathan Doherty
16 November 2022 10:25 AM
Because of the abusive way the big portals operate, one of these schemes will eventually come good. Will need deep pockets though. Good luck.
From:
Jonathan Doherty
08 November 2022 09:35 AM
A fairly sensible article. I would just add that if prices do fall in time its likely to be where things got particularly over-heated after covid. i.e west country and home counties.
From:
Jonathan Doherty
31 October 2022 10:04 AM
If its just late payment..these are completely disproportionate fines. Gateway is so hard to navigate..wish it was more like DVLC. .
From:
Jonathan Doherty
12 October 2022 10:42 AM
One day someone will define what the absolute minimum is necessary to comply. It seems to always be more, more more. I have said the following before, but we are only duplicating what solicitors do anyway; so ultimately we are just a fall back for the maybe, one in ten thousand bent solicitors. We need to get rid of this red tape, not have more.
From:
Jonathan Doherty
31 August 2022 10:30 AM
Low cost agents like Purple Bricks ought to thrive in a market where properties were flying off the shelf and a vendor might think why not give PB a try and pay less fees. If in that period of time PB's instructions fall, then it shows that the public don't buy the basic concept that they are saving money. Most people realise that their are two ends to a sum that adds up to whether there is actually a saving. They will never be a full on disrupter. Don't say it too loud but after 30 + years in the business I am convinced it is really the buyers that pay our fees. After all when the solicitor send us that cheque its a % of what the buyer paid for the property. The owner does not pay us in bricks.
From:
Jonathan Doherty
02 August 2022 10:01 AM
The following is not getting much publicity; but where I work in the outer suburbs of north London, if someone bought a flat in around 2017 (Landlord Tax rush) they are more often than not worth less now.
From:
Jonathan Doherty
11 January 2022 09:46 AM
I still don't understand the point of p/bricks. All things being equal, if I was a buyer I would make a lower offer in the knowledge that there is no middle man. Likewise, if you are vendor and your property is not selling quickly, you are more likely to take that offer as you are not paying an estate agent. In a busy market, as the article suggests, owners by-pass the online only agents. Newspaper journalists tend to talk about "saving money" by going to online only, I don't doubt it happens some of the time, just not most of the time. It is a false economy. The buyer is the one more likely to benefit.
From:
Jonathan Doherty
29 November 2021 09:16 AM
Hopefully this can help. however a chain will only move as fast as the slowest part it. That slowest part is more often a leasehold property. More concentration need to be focused on how to get leasehold transactions to happen faster. Perhaps regulations for turn around of replies from Management companies... and industrywide indemnity policies that cover most eventualities. (wishful thinking I'm sure)
From:
Jonathan Doherty
16 September 2021 10:00 AM
It really needs to be changed, if for no other reason that the removal firms cant cope with so many people moving in the last week of June.
From:
Jonathan Doherty
28 April 2021 12:34 PM
How do Rightmove justify this abuse of power. How do they answer that they charge what they do because they can, rather than what they reasonably should, to make a fair profit to re-invest.
From:
Jonathan Doherty
27 November 2019 10:00 AM
Every time I see the purple bricks shares crashing, it is always followed by what I believe is called a dead cat bounce. I dont know a great deal about shares but I wonder if the founders are secretly buying shares to try to stem the rout.
From:
Jonathan Doherty
23 April 2019 09:48 AM
When they were in Enfield, their selling point was mainly "don't worry about the high fee; we will get you a much higher price." That model only has a chance of working in a rising price market. I would think prices are unlikely to start shooting up in the near future so Foxtons will continue to struggle.
From:
Jonathan Doherty
01 March 2019 12:30 PM
With any chain of transactions I tend to pay less attention to the things that can happen quickly but instead concentrate on what is likely to take longest. Often this is the leases in leasehold sales and estate management of the block. I think the only way to speed up this side property matters is to have some compulsory all-encompassing insurance that covers the silly stuff that comes up in these leasehold transactions. Problems that will in reality, never come to pass could be insured against from the beginning rather than argued about for weeks/months and then an insurance indemnity policy taken out. It could also apply to freehold I suppose. There are some great conveyancers out there by the way, but not enough. The good solicitors and conveyancers I deal with say that they find those they deal with getting worse and worse as they are so scared of being sued and are not blessed with common sense. My suggested insurance would stop them worrying so much.
From:
Jonathan Doherty
30 January 2019 09:14 AM
Wouldn't it be good if a former P/B client, who later sold through a High Street agent was willing to pour milk over their head. It ought to go viral.
From:
Jonathan Doherty
14 December 2018 12:30 PM
I don't think the likes of the BBC have reported the demise of EMoove/Tepilo. It seems big enough a story to me, to be aired on the news as a lot of people have lost their money and crowd-funders have been asked to stump up more cash fairly recently. If they report it, the gloss on the on-line only firms will be tarnished . Does anyone know someone at the BBC/BBC Watchdog/ITV?
From:
Jonathan Doherty
04 December 2018 12:47 PM
My local branch in North London seems to rarely have more than 3 properties under offer. Is that one sale a month? I guess their lettings must keep them going. The model they use..we get you a higher price, only works when prices are going up.
From:
Jonathan Doherty
09 October 2018 09:44 AM
As it says money laundering checks rely on lawyers which does not take account of complicit lawyers. So, this whole swathe of red tape, that the politicians promised to reduce, is to look out for the rare bent solicitor. Thousands of money laundering checks on little old ladies or local families that you see in Tescos have to be checked for money laundering. It is a really ridiculous. I wish the NAEA would get behind getting rid of it and allowing some common sense.
From:
Jonathan Doherty
24 November 2015 09:56 AM
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22 December 2023 10:12 AM
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