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Showing posts from 2021

Q2 was the worst Quarter in 5 YEARS for Estate Agents

  Be chuffed to bits if you had a decent Q2, because the stats are out and Q2 was one of the worst on record. Then looking at Q1 and Q2 combined, even if you take into account the huge March 2021 numbers .. for the first 6 months of the year (ie Q1 and Q2), excluding 2020, more properties sold in Q1 and Q2 in 2014, 2015, 2016,2017, 2018 and 2019 than 2021 Fascinating don't you think? What are your thoughts?

More Listings in 2022

  Old school techniques of generating new rental & resi sales listings seem to get less fruitful as the years have gone by. Roll the clock back to the mid-2000s, and a few thousand leaflets through the letterboxes of a lovely housing estate or a newspaper advert that said 'Landlords Wanted' would get a flood of vendor and landlord inquiries and some listings to boot. Why are listings hard to come by in 2021? In 2006, there were 9,500 Estate Agents in the UK, and they sold 1.66 million households. You didn't have that much competition. Roll the clock forward, and in 2019, 19,500 Estate Agents sold 1.17 million properties. This means the average UK Estate Agent sold 174.7 properties a year in 2006 and only 60 properties in 2019. To add salt to the wound, the average fee has been reduced from 1.6% to 1% in the same time frame. Meaning for Letting and Estate Agents, there are:- • Too many competitors • Not enough properties coming to the market • Overvaluing • Fees slashed ...

THE HUGE MISTAKES ESTATE AGENTS MAKE AT A JOB INTERVIEW 🤯🤯

Taking to so many bosses in Estate & Letting Agency, there is a huge mistake so many Negs & Valuers make when being interviewed for their next job This is it 👇 Please do not badmouth your existing employer during the interview, even if the interviewer asks why you are looking to leave. It seems like common sense, yet I keep hearing that it happens all the time. Negs & BM’s & Listers who use the interview to bad mouth their current employer, talk about how awful they believe their current boss is, or how the work they do is beneath them. Yes, there are shitty bosses and agencies to work for. But calling them looks petty. It's an interview for a Lister's role, not a therapy session for you to vent about Sandra who got promoted over you 12 months ago Here are some responses you can use if you get asked that question. My current agency is good, but I think I'm ready for the next step in my agency career. As things have changed at my XYZ Estates, so has my role,...

Should You Promote Your Best Lister to Branch Manager?

  I have seen so many well-intentioned Estate Agency bosses make the same blunder when hiring a Branch Manager. In the Branch Manager, they look for a person with a proven track record in Estate Agency, somebody who knows how to generate the particular results to be a successful Estate Agency. So, all they need to do is teach their team to do the same, and everything will be hunky-dory?? A Branch Manager leaves, so the big boss looks around their staff pool of who fits that bill, and straight away, the obvious answer is the very best performing Lister. Sometimes, a skilled Lister / Valuer also turns out to be a great rock star Estate Agency Branch manager, yet more often than not, they fail to perform barely above average. The discrepancy isn’t because they are not a good estate agent, a great Lister, or devoted to delivering excellent estate Agency results. Instead, the flop lies somewhere else. Now before you all go jumping in say, ‘Watkin, I was a great lister and now I am a bri...