That has bought to be the burning query this month, particularly when you think about that the current examine into residence shopping for and promoting by the Workplace of Truthful Buying and selling discovered that property company charges might be costing shoppers as much as £570 million a 12 months!
Negotiation on the rise?
What strikes me as actually odd is the truth that nobody negotiates their charges with UK excessive avenue property brokers. In different nations, the very first thing you do when using an property agent to promote your property is negotiate – why not within the UK?
Are we actually pleased with Property Brokers?
Might it’s that, funnily sufficient, though all of us complain concerning the lack of service and the excessive charges charged, because the Workplace of Truthful Buying and selling reviews, “most shoppers say they’re pleased with the service they obtain from property brokers”.
RightMove embellish this sentiment saying that “the overwhelming majority of distributors with a property to promote within the UK use an property agent to market their property” after which they record all the advantages to utilizing one, however what’s the actuality for the UK shopper and the way can paying perceived excessive charges profit us? Extra importantly, are there options?
One other of the opposite large questions rearing its ugly head this month is on the problem of purchase to let. Many individuals going through retirement are contemplating purchase to let as a great possibility for residual earnings and, as property provide and demand play catch up, they should take into account the advantages as traders or take a look at different choices.
To avoid wasting sending you an extended electronic mail, we have summarised among the key factors right here (and located the reply to the $64m query!)…
Will elevated competitors between excessive avenue and on-line property brokers decrease the charges paid?
Both means the property agent will survive, however not with out casualty as competitors heats up with their on-line counterparts and shoppers realise that as a consequence of recent OFT measures, they will negotiate on charges.
We hope you discover this info helpful.