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Vilesh Rew

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my expertise in the industry

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It's interesting because the only time we have fall throughs is at survey stage. And in almost every case it is not due to the property's condition, but how that condition is put over to buyers (particularly inexperienced buyers). We had one this week. A 172 page report for a 1960s detached house. 13 REDS, lots of use of inflammable panic inducing words like "immediate" and "safety", all contained within standard paragraphs. When it came to the "Opinion" box where the surveyor summarised things, it basically said, "this is a 60 year old house in average condition and as such requires regular ongoing maintenance. I see no reason why these should cause any special difficulty on resale in a normal market." So he's saying it's what you'd expect, but the rest of the report just screams "Run, run you fool!". They need to do away with standard paragraphs, do away with this stupid traffic light system, and actually write a bespoke report for their client. The buyer paid over £500 for 172 pages of standard paragraphs and crappy photos, and the sale will likely terminate at this point.

From: Vilesh Rew 07 April 2021 09:39 AM

Always presume there is a camera pointing at you when you're in a client's home. It's the only way to be certain.

From: Vilesh Rew 18 March 2021 11:56 AM

They've had tech problems galore so far, so make sure your safeguards are in place.

From: Vilesh Rew 08 March 2021 09:08 AM

Because it puts them one step closer to dealing directly with sellers and missing out the agents. If it can all be done online, with little negotiation, sale progression chasing, etc. required, they no longer need the agents and can take the sellers fees directly. If every agent pays then £1350pcm, they make wild profits, as we know. Now imagine if every SELLER paid them £1350 instead. The sales transactions pcm far out number the agents. They are looking long term at the £££s (imho)

From: Vilesh Rew 15 February 2021 13:23 PM

A gradual re-introduction is the only logical solution in the short term. As the above comment says, moving the date is just moving the cliff edge. A gradual-introduction over 3 months is wiser. 25% month one, 50% month 2, and 75% SDLT month 3, then a full return from there. A lot less house sales will terminate with this set up AND the revenue will start to enter HMRC's coffers sooner.

From: Vilesh Rew 01 February 2021 11:59 AM

A more gradual reintroduction of the SDLT would also seem like a wise option. At the moment we are facing a potential sheer drop in market activity, and lots of aborted sales. If there was a 3 month gradual reintroduction where first moth buyers paid 1/4 of the tax, 2nd moth 1/2 the tax, and then month 3 3/4s of the tax (and obvs full tax from then on) it would soften the blow at a time when continued lockdown and redundancies now, and on the horizon, may already start to weaken the housing market. Just a thought.

From: Vilesh Rew 26 January 2021 13:08 PM

Sorry, what part of the conveyance cannot be carried out remotely/online/by post?

From: Vilesh Rew 04 November 2020 09:00 AM

Genuinely interested to know, do any agents actually do their initial appraisal on the basis of price per sq ft/m? I know the average price range for £/sq ft for my area as I have my system calculate it retrospectively after instruction, but don't use that data on valuations unless I'm really stuck for comps on something quirky or very individual and am having to make an "educated guess" on a price. I would then do the maths quickly to double check it falls roughly into the local price band, but I have never, in 32 years, started with the £/Sq ft calculation. Thoughts?

From: Vilesh Rew 05 August 2020 08:51 AM

This article, and some of the comments, suggest people are not reading, or following, their TPO guidelines. Houses should not be sold simply on the basis of a video viewing. They are a great add-on tool and our buyers really like them, but a physical viewing is required to sell a house. Video Tours are certainly not dead, and are a great tool for listing as well as helping buyers decide if they have a strong interest in a property prior to an actual viewing.

From: Vilesh Rew 19 June 2020 08:42 AM

If he has sense, he will make a bet on Wales to win that will cover that cost. Best way to protect himself against loss whilst keeping up the great marketing ploy, surely?

From: Vilesh Rew 05 September 2019 11:26 AM

"...this may apply to existing staff irrespective of their extensive experience." hahahahahahahahahahahahahahaha***breath****hahahahahahahaha. So, the 21 year old with an A level in PE is better suited than the company director with 35 years experience in the business.

From: Vilesh Rew 20 August 2019 10:48 AM

SLASHED HIS STAKE? A drop of 5% in the total value or 18% of his total holding. Slashed? Really? Why sensationalise everything, ETA? You're getting very tabloid-esque.

From: Vilesh Rew 06 June 2019 12:49 PM

Tenants DO want longer tenancies, and I always add a clause into agreements to allow a tenant an early get out as long as they pay the re-let fee, and must continue to pay the rent until a new tenant is found. Without exception, tenants comment on this being a good idea.

From: Vilesh Rew 07 February 2017 15:01 PM

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