Unexpectedly Back on the Market

The sales details reveal that the property is huge inside with a foot long through lounge and once made inhabitable, could be used as a family home or multi room-let property. The year-old, who did not want to be named, said: Get daily news updates directly to your inbox Subscribe See our privacy notice More newsletters.

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Unexpectedly back in the market Archives – Bernard Gordon and Company

Meghan Markle Meghan Markle in crisis talks about dad after he drags Queen into family feud Thomas Markle's comments about being "ghosted" by Meghan since she married Prince Harry have left the royal household "enraged". However, at the end of the day, I would rather get paid for my efforts than have a surplus of balls.

Maybe we are all a bit different but I never let the client call the shots. I sell me first and if they mistakenly believe they know better or can do better then after educating them as to their folley I drop them. Put some value on your knowledge and expertise and be prepared to walk away. Have you ever had a vendor offer you their instruction, because they bought in to you, your knowledge, your experience, your professionalism, but they wanted to try a higher price than you recommended.

If your answer is yes, can I ask you why you decided to accept the instruction, and not just walk away knowing that you were right and they were wrong? If a tasty property appears back on RM for the first time in a few months the phone will ring irrespective of when RM says it was listed. Have a good day all………and try not to spend to much of your day stressing about juggling.

Robert, PeeBee and I as well as a few other key people who are working quietly away in blissful anonymity are working with and talking to industry leaders and the portals either directly or indirectly, to try to find a solution to the problems the industry faces of juggling, misdescription, dodgy statistics and fraud.

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Not all anomalies are deliberate attempts at misdescription. A few people in the UK are now able to look with THE most accurate data available at the entire UK property market in almost real-time. This means we can check which agents are taking on what, their true market share, how many listing they are actually listing each month and, how many time properties are listed, re-listed and juggled in various ways. What big data does offer us for the first time ever in the history of estate agency, is the ability to identify and weed out the bad, the unprofessional, and the criminal as well as allow the public to identify the lazy, the inept and the snake-oil salesmen.

There are some fundamental truths and principles that apply when marketing a property, whether online, in print, via your database etc.

Unexpectedly Back on the Market

When a property goes under offer, it ceases to be actively marketed and, as such, is no longer available and no longer on the market. If the sale falls through, the property is re-marketed so, in effect, it represents a new opportunity for prospective purchasers. In my view, this should be reflected in the listing date as the date should state when the property became available for prospective purchasers.

In the case of fall throughs, it is after the fall through date. Once re-marketing commences, it falls upon the agent to do everything they can to bring fresh impetus and energy to that process with the purpose of stimulating as much interest as possible. Rightmove is a tool that we employ to assist with this process, and the new 14 week rule is handicapping our efforts. This is doing everybody a disservice, buyers, sellers and agents.

The same goes for filtered search results, as many buyers will only search for those properties added in the last week, month etc. And, for those technophobes out there, every single good agent will use technology and the portals as another tool in their armoury to generate leads. However, if we are using the portals as a lead generator, why limit their ability to generate new leads from fall throughs? In which case you find a technical solution that is able to identify that, versus genuine cases.

I agree with much of what you say.

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If you sell a property in a week there may be a lot more interest that was never able to be recognised…. The problem is that if you are allowed to change the date of listing… we all know the system will be abused by those seeking to take advantage. As the agent you are still forwarded these leads….. Does anybody out there have any comments on it.?

Rightmove announced the change to the industry on 13 December — as reported here on EYE and down the other pub. That was seventy nine days ago. I get you Shaun, I for years have talked how the website will help us on a fall through, to regenerate interest…. It WILL happen this…. When a property first comes to the market it is a new instruction. And if it is, every other property in the chain also falls through, so everyone is penalised for an issue beyond their control.

I would argue that it means you have been newly instructed to sell the property. When it goes under offer, the property is no longer being marketed.

At which point, you start the marketing process again as you would any new instruction. I would say that happened three or four times last year and we had to resell ….

Although nowadays I would be more accurately described as ‘expectedly re-unavailable’

A certain agent close to me has started this tactic on their border line properties, I picked up on it today. No surprise I await a reply! If only they put half as much thought and effort into actually selling the listings as they do finding ways of gaming the system and spreading CONmisery to those who have been taken in by skewed statistics — then we would have some genuine competition to be worried about.

They already have a system in place that puts potential buyer in contact with selling Agent. The Agent should then deal with the enquiry appropriately.

If someone else wants something, it raises the interest of others. Part-exchange sales being the one which may crop up most often. Deadline Inspector Ikmen Mystery Secrets of the Henna Girl.

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