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major tom
md
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About Me

md

my expertise in the industry

Selling houses

major's Recent Activity

major tom
I hesitate to post as I did not want to get trolled as of a Friday evening after a few Eye readers had opened the bottle of Grand Hermitage 51- or more likely Asdas excellent Pinot Noir. Whilst not at the sharp end of this I see it an interesting and brave move. I think it leaves circa 160 physical branches plus the new partnership locations to be announced shortly -a mighty machine compared to most. Add in overall 250 partnerships over the next two years and you can begin to see the idea. Now if the team at Spicerhaart is lacking in the skill in making this model work then that will be at their cost. If they make it spin, they will be forward thinking and ground-breaking. Only time will tell. On closing a few branches, I know from many years’ experience some branches, for some agents, not matter hard you try, are a dead duck. Maybe a competitor is simply amazing, or the location is now secondary, or ongoing premises costs just too high to make it worth the effort. Whatever one thinks of Purple Bricks they have disrupted the industry to the extent the customer clearly accepts that it is not always necessary to have a physical office. Maybe accelerated by the Covid 19 ? This model is a good halfway house and gives those that want to operate in their home patch from home an opportunity to earn Branch Manager salaries-with life/work balance, amazing tech support and working with a team as well. Not for everyone but works for some if not many. And if it does -what is wrong with that? There are some big jobs for current employees capable of doing them and perhaps for some high-quality new candidates out there as well. Some of the best agencies I know are the smaller individual or branch chains. Some of these independents are fleet of foot and know their towns inside out. If Partnerships can replicate some of this at least they will have a successful model when multiplied many times over. Bottom line-this is a way the SHG can expand into those Areas without taking on expensive High Street premises-to grow for the future and not shrink. Now where is that Red wine.

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