A mansion with 18 bedrooms and a sales tag of £24m is being sold through an online agent.
The property, in Grosvenor Gardens, London, is on the market with Manchester-based My Online Estate Agent which says that it will save the owner more than £400,000 in normal estate agency fees.
My Online Estate Agent charges £549.
A spokesperson said: “We’ve sold London properties before for around the £1 million bracket.
“This is the most expensive property we’ve ever had and it came through a recommendation.”
EYE thinks it is probably the most expensive house available through an online agent at the moment.
We found one on eMoov at £4,775,000, another on SellMyHome for £15.5m, while Purplebricks lists one at £4.5m.
Estates Direct has one at offers over £5m, which is being sold by its chairman Steve Smith, which has seemingly proved difficult to shift.
http://www.rightmove.co.uk/property-for-sale/property-57337133.html
Hope over experience.
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Very short sighted of the vendor on this one. Does he/she think that an agent in Manchester (or wherever else these onliners base themselves) will be able to negotiate the best price using local market knowledge, other comps and sheer tenacity and skill? I would bet that if this does sell through the onliner that a proper agent could have got them well in excess of the (so called) £400k saving on the selling price. As Ive said on here before with a property at that price range you would get some pretty decent agents interested at about a £20k fee. A massive £380,000 different than what the onliner is claiming AND they could relax knowing its being looked after properly and not just the “online and move on” approach…
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They ve already lost on this one just in time preparing details…well done. NHS loses out on tax, your staff earn nothing. the only person who wins is the fat cat who owns the house.
Even though its probably 10m over priced as these houses usully are.
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EYE thinks it is probably the most expensive house available through an online agent at the moment.
We found one on eMoov at £4,775,000, another on SellMyHome for £15.5m, while Purplebricks lists one at £4.5m.
Estates Direct has one at offers over £5m, which is being sold by its chairman Steve Smith, which has seemingly proved difficult to shift.”
One key word links them all – AVAILABLE.
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£549 including professional photoghraphy and floorplan doesn’t leave much left does it? Think about it vendors? How much motivation will there be to get a good price for this home? Answer = None!
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It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much you lose a little money – that’s all. When you pay too little, you sometimes lose everything, because the thing that you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot.
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well said frank.
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The worlds gone mad …
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Purplebricks lists one at £4.5m.
Update on this –
not now, they don’t
It seems to have been taken off their listings.
Wonder if we will ever know why…
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