Do agents need to learn to value or learn not to overvalue?

In today’s episode guests discuss the number of agents that still have no issue overvaluing homes, letting properties sit on the market for extended periods of time, and apparently, outright refusing to educate their clients on where correct pricing sits.

Guests also discuss the pressure being felt by landlords affected by higher interest rates, as well as the leasehold costs doubling scandal, which is forcing many to sell. Digging deeper into this issue, guests discuss who is the buyer of a property that offers such poor terms, with Ben sighting one case of a leasehold property in Middlesex, West London, charging £1,000 per month as a service charge with very little offered in return.

Finally, guests have a decent rant about would be buyers and their practices, and how most would be better served walking their local high street and registering with the best agents in town, dressed, of course, in their Sunday best.

 

 

As always, funny stories are shared and Chris Watkins make his regular appearance.

If you would like to take part in the Agents MVMT initiative, provide a feature or be a guest on the podcast, please contact Ben Madden directly at ben.madden@fineandcountry.com.

 

Average asking price achieved by estate agents falls

 

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