August 18, 2017 at 7:04 pm #45742
Would Estate agency Thrive or Die if new ways to sell and rent were brought in nationally (England).
Selling – a Vendor who is looking to sell has all checks, survey and any questions answered before marketing, so potential clients / advisors can flick through to ensure a property being viewed will be viable to purchase at the beginning at not jumping hurdles?
Rentals – Tenant is full referenced before searching, knowing their total rental amount affordable before registering and viewing. In full knowledge that hurdles are taken out of the way?
Understand this is a minefield but would greatly appreciate thoughts of those more wise.August 18, 2017 at 11:26 pm #45747
Selling – You mean something along the lines of an Information Pack for a Home?
Original idea – we could even give it an original name.
How’s about a Home Information Pack?August 19, 2017 at 9:46 am #45748
Not a bad idea, I like the name PeeBee, maybe needs to be a bit more catchy.
How about abbreviating it to a ‘HIP’ ?August 19, 2017 at 10:55 pm #45755
I reckon AgentV will LOVE that acronym…August 21, 2017 at 7:05 pm #45827
Excuse my ignorance as I have not sold or bought a property.. So a buyer can walk in to an estate agents and the Home information Pack (HIP) would be readily available? Allowing sales to take weeks or (worst case scenario) few months, as they do in (some countries in) main land Europe?
No snide comments on pre-referenced tenants for rentals?August 22, 2017 at 8:02 am #45834
<span style=”color: #404040; font-family: Lato, sans-serif; font-size: 14px; background-color: #fbfbfb;”>”Excuse my ignorance as I have not sold or bought a property..”</span>
Sorry – you should have explained in advance that you are an LPE… although I guess I should have guessed.
(That’s an industry joke. You’ll be ignorant of that as well)
Care to explain your ‘interest’ in the subject – so we at least know why you are asking?
August 22, 2017 at 9:55 am #45836
- This reply was modified 4 weeks ago by PeeBee.
Reason for asking the question is an industry I enjoy and love being apart of is in my opinion going in the wrong direction because there seems to be a view that this industry is a get rich quick scheme instead of a customer orientated and quality service industry.
There are endless post and articles of online agents, hybrids and upfront agents selling and renting properties. Which from what I can gather is only for a population of people that want to do it on the cheap.
We are in a world now that wants everything now and for nothing, which in any industry is not viable. So instead of looking at the “something for nothing” mentality, is it not worth looking at “everything now” mentality.
Not suggesting re-inventing the wheel here but adopting principles that are being used in other countries that could reinvigorate the industry by changing a few processes, which ultimately would benefit the high street agent/property professional from shotgun sales people.
Is it easier to criticise my ignorance, than be open minded?August 22, 2017 at 12:51 pm #45837
I do not think it is criticizing your ignorance.
Sadly on here we get a lot of people trying to sell to us or make people aware of what they have to offer. I would suggest in future to bit some context behind the question.
Home Information Packs (HIPs) were brought in a number of years back. They were abolished as they were expensive and often out of date by the time a purchaser had been found.
In regards to a tenant passport. The simple answer is why would a letting agent trust a tenant to put this together. Sadly a lot of tenants can be very devious and manipulate references be it previous landlords or income.August 22, 2017 at 4:07 pm #45838
“Reason for asking the question is an industry I enjoy and love being apart of…”<b></b><u></u>
I assume you meant ‘…being a part of’?
That being the case, how come you seem to know nothing whatsoever about HIPs?
How come you say you have neither bought nor sold a property?
What part of the industry are you “a part” of, if you apparently know so little about it?
If you were standing where I am you would understand why I am gnawing at your ankles.August 23, 2017 at 12:23 am #45996
Woof Woof!August 23, 2017 at 11:39 am #46130
Like a demented Jack Russell, GPL – you know me!
You still bear the scars… from another life… ;o)
August 23, 2017 at 1:27 pm #46305
- This reply was modified 3 weeks, 6 days ago by PeeBee.
Smile Please – “why would a letting agent trust a tenant to put this together”.
Yes there would be an element of trust, though they would still go through relevant avenues i.e. FCA approved referencing agencies or tenant assessment agencies etc. Which could be shared nationwide in a central database only accessible to registered licensed agents and referencing agencies. Which would answer the problem of letting fee’s because the tenants are doing it, give more time back to agents to advise and manage the properties of Landlord clients. plus solving other issues (fraud, benefit claims, fake landlords etc.).
Clearly I need to do some reading on HIP’s as on face value I do not understand how a sales pack could go out of date.
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