General Discussion: Property thread


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Birdman
Birdman avatar

1627 posts since 10/3/10

3 Jan 2022 21:27
Fuzzyduck121 wrote:
Essence wrote:
smith wrote: Anyone sold a house themselves? Looking at using strike or doorstep to get in on zoopla and rightmove.

Really don't want to deal with local estate agents. They all over-valued my property massively to get my business. One was even telling me all about the psychology of playing two potential buyers off each other in order to get them to outbid each other. Cunt.

When viewing houses i found Purple Bricks great to use.

Do you guys want to pay nothing or next to nothing for a pair of shoes and expect them to be better then a pair you pay a premium for ?

People don’t understand the true economics of the property market nor do they acknowledge the fact that literally 95% of the work comes after the price is agreed between the parties.

The idea that “ why pay for someone to stick it on Rightmove or , they all do the same thing “ well all shoes do the same fucking thing and all shoe shops sell the same product but none of us are shopping in Wynsors world of shoes

Oh also just read here to find out how utterly shite PB are. For the investors here there’s a reason the purple bricks share price is down from 508 to 23p

https://www.allagents.co.uk/purplebricks.com/

Yep I’m an agent, no I don’t want any of you fukers as a client so I have nothing to gain or lose here but I can tell you having had 25 years in the industry that , whilst there are always exceptions to the rule you are , on the balance of probabilities going to get a wank service and less for your house using an online agent or even worse thinking you can do it yourself.

If you think you are a good negotiator, you aren’t mate
If you think you can sell your own home and people will give you honest feedback about your own house to your face without an intermediary, you won’t mate
If you think it’s about a board and a rightmove listing , it isn’t mate
And even worse if you think you understood the legal process of conveyancing in England you really fucking don’t mate

This post isn’t about advice being given you can all fuck off if you want that Laughing out loud …but the only thing I can say is that the only thing , literally the only thing that matters , is the net gain you receive. To obsess over a fee being charged is missing the point entirely. The price minus the fee is what matters as that’s what you get so stop asking yourself or the agents what they charge and start wondering and working out who will get you the most.

Facts

smith
smith avatar

11793 posts since 5/5/04

3 Jan 2022 22:34
Fuzzyduck121 wrote: it isn’t mate
And even worse if you think you understood the legal process of conveyancing in England you really fucking don’t mate

I don't have to. That's the job of my solicitor. Sticking out tongue
pentonville
pentonville avatar

1070 posts since 12/3/12

3 Jan 2022 23:15
The Malcom Tucker of Foxtons
smith
smith avatar

11793 posts since 5/5/04

3 Jan 2022 23:23
Laughing out loud

I keep reading it back in different voices.

I'll try Malcolms now. Sticking out tongue
swede
swede avatar

10524 posts since 21/3/09

4 Jan 2022 08:20
Fuzzyduck121 wrote: Facts

swiftus
swiftus avatar

1876 posts since 1/7/09

4 Jan 2022 11:00
pentonville wrote: The Malcom Tucker of Foxtons

Laughing out loud

Fuzzy going on to prove why no one likes estate agents. Will never forget the time we were selling our house. Our agent was trying to convince us to accept a low offer because "it was a buyer's market". Then we started chatting to his mate 2 minutes later about buying a place. He warned us "it's a seller's market, so be prepared to pay a premium"…Couldn't make it up.
Best
Best avatar

9982 posts since 21/10/05

4 Jan 2022 12:06
I dislike estate agents as much as the next person, but everything Fuzzy said is spot on.

Why would opt for the cheap option for your largest asset? In my experience the early stages of selling a property is easy, agents earn their commission through the sales process pushing buyers/sellers and solicitors forward.
Crackajack
Crackajack avatar

8201 posts since 21/4/05

4 Jan 2022 12:23
Best wrote: I dislike estate agents as much as the next person, but everything Fuzzy said is spot on.

Why would opt for the cheap option for your largest asset? In my experience the early stages of selling a property is easy, agents earn their commission through the sales process pushing buyers/sellers and solicitors forward.

I agree with this. I expect most have had varying experiences with agents, but I def recognise the value of a good one and have heard of the problems of a bad one.

Hope it runs smoothly for smith!
Kadafi39
Kadafi39 avatar

2193 posts since 30/10/09

4 Jan 2022 12:30
Fuzzy aint wrong tbh, im in the same field, but legal side.

I have personally seen clients loose thousands when transactions fall through as purple bricks have not vetted buyers or verified source of funds etc. Also if you don't use their conveyancing factory or mortgage services you get charged more and lose the no sale no fee guarantee.

Their conveyancing factory, (premier property lawyers) was hacked early November and still not back online, have defaulted on hundreds of transactions and left many people homeless for weeks.

Purple bricks also never surrendered a single deposit to the tenancy deposit scheme (which is required by law) on over 6000 tenancies and could now be subject to claims of up to £30 Mil and all the section 21 notices they served to evict tenants are defective as part of the notice requires a declaration that the deposit had been lodged with an approved deposit scheme.

But yeah, theyre great give them a go!
swiftus
swiftus avatar

1876 posts since 1/7/09

4 Jan 2022 12:50
Not disagreeing what he said, just the way he said. I can only handle so many 'mates' in one paragraph.

Good estate agents are a necessary evil.
smith
smith avatar

11793 posts since 5/5/04

4 Jan 2022 13:26
The tone was rather condescending but I did call all estate agents cunts so not much better Laughing out loud

I apologise for that. Am sure there are some good ones. Just didn't like any of the ones that came into my home and valued it.
R
R avatar

13339 posts since 17/5/03

4 Jan 2022 21:14
Best wrote: I dislike estate agents as much as the next person, but everything Fuzzy said is spot on.

Why would opt for the cheap option for your largest asset? In my experience the early stages of selling a property is easy, agents earn their commission through the sales process pushing buyers/sellers and solicitors forward.

entirely agree
R
R avatar

13339 posts since 17/5/03

4 Jan 2022 21:16
Kadafi39 wrote: Their conveyancing factory, (premier property lawyers) was hacked early November and still not back online, have defaulted on hundreds of transactions and left many people homeless for weeks.

used them for a remortgage a few years ago as they were 'free'. never again. some of the worst service I've ever received.
Razorlight123
Razorlight123 avatar

5119 posts since 13/1/10

6 Jan 2022 15:21
Just received a quote for a "simple" dropped kerb (width 4.8m) to later have a driveway sorted. No trees or obstacles…

£3k Jawdropping! seems alot.
Kadafi39
Kadafi39 avatar

2193 posts since 30/10/09

6 Jan 2022 15:21
R wrote:
Kadafi39 wrote: Their conveyancing factory, (premier property lawyers) was hacked early November and still not back online, have defaulted on hundreds of transactions and left many people homeless for weeks.

used them for a remortgage a few years ago as they were 'free'. never again. some of the worst service I've ever received.

Yeah they're generally unqualified low paid staff who get taught a specific task in the conveyancing process, whether it be drafting contracts, checking titles/plans, checking searches, drafting transfers etc and its like a conveyer belt, they do their part and pass on to the next person, overseen by one legally qualified "team manager".

Therefore you deal with people who don't usually understand the full process or what should be happening and can only read notes off a computer to you.

Working with them in a professional capacity is just as bad, simple transactions take months, no one knows why there's delays and you usually end up having to explain what they should be doing to them.
shego
shego avatar

1601 posts since 11/12/07

6 Jan 2022 15:33
We recently refurbed a top-floor flat. Ripped up floors, insulated, new LVT, knocked a wall down, new kitchen, redocoration etc.

The downstairs landlord complained about damages through a dodgy report from his mate (MD of the local Your Move agents), caused by our works. No real proof of damages given there were no 'before' photos. At the same time they raised this, they owed us 4k for a new roof that we handled, so had us by the balls.

I got chatting to the tenants and they basically said the landlords drag their feet for everything and have done for 8 years… I went in for a cuppa and noticed the place is just generally old/tired and the majority of the 'damage' claimed by the landlord was general wear and tear (stated by tenants). Together we identified 4-5 hairline cracks that were likely caused by our works.

They've paid the outstanding 4k invoice. We said we'd fix said hairline cracks but didn't really admit on paper we caused them.

Our builder remarked that the quick fix is decorators caulk and could be done in hours, but obviously repainting would be obvious due to how old the general decoration is (not been painted in 7-8 years, it's an old Victorian place so moving cracks are fairly common in general).

We want to keep good relationship with them, but equally it just feels like the landlords are trying to get an entire redecoration done for free.. they've emailed earlier with the below. Agree with him, but equally, the fact the place has 8 year old paint isn't really my problem. Also don't really agree that it'd take 3 days to (even if I agreed to it) repaint 2 ceilings and 1 wall.

Do I just stand my ground and fill the cracks and be done with it? Get my builder to quote for 2-3d decoration work?

"My brother-in-law, has just been to inspect the property, together with our agent. As you know Joe Bloggs runs a local builders' merchants and has good knowledge of the building trade. His view is that it will need at least 3 or 4 days to do the work necessary to make good the various cracks caused by your building work - one will need to paint the whole ceiling of each damaged room, not just individual patches because, as you say, otherwise there will be patches of paint in different shades. This will require each room to be emptied, or full masking to protect the contents. So we don't think it practical to do this in a single day and not at such short notice. We don't think it will be satisfactory to patch up only the parts of the ceilings affected by the damage.

Please can you consider this and let me know what you think."
Doogan
Doogan avatar

1259 posts since 13/4/14

6 Jan 2022 16:10
Sounds like a con. Tell them to bolt.
Razorlight123
Razorlight123 avatar

5119 posts since 13/1/10

posted 7 Jan 2022 01:11, edited 7 Jan 2022 01:11
"…don't think it will be satisfactory to patch up only the parts of the ceilings affected by the damage."

This sentence is jokes.

But it atleast confirms that you're only responsible for "the damage"; they are trying their luck with the other bit - but that's not your problem. If they want to paint the rest to match the new colour, they can contact you or your builder for the Dulux name.
eazypz
eazypz avatar

3681 posts since 16/4/10

7 Jan 2022 09:00
Don’t think you can patch it without mismatching the colour.
If you did cause the cracks, then you’ll have to paint the whole wall/ceiling.

Should take a day to sort for someone that knows what they’re doing, not sure where they got 3 days from, probably the builders merchant that isn’t a decorator Laughing out loud
Essence
Essence avatar

3137 posts since 10/1/05

7 Jan 2022 11:44
My buyers have just pulled out days away from exchanging contracts after 4 months! gutted…