IRRESPONSIBLE AGENTS HARM THE MARKET

Irresponsible Agents Harm The Market

While there are many things that can help you sell your home in an effective manner, support from a skilled estate agent is a huge benefit. In a highly competitive market place, receiving assistance from a professional with a strong track record should help you move home. At Spencer Harvey, we are delighted to say that we have a good track record in the local community and that we are members of a number of industry bodies and sectors. This provides you with confidence in knowing that we comply with certain standards and that there is a mechanism in place for you to raise complaints or gain support.

However, this isn’t the case for all estate agents and a former president of the National Association of Estate Agents, the NAEA, has spoken out about irresponsible agents. As with so many things in the property market in the UK, the initial focus has fallen on London property, but the complaints and issues raised could be said about agents across the country.

Higher asking prices isn’t good in the long run

Simon Gerrard says that irresponsible agents have over-valued the asking prices in London. This has been carried out with the aim of winning instructions and to bit targets. This over-valuation of property prices has a negative impact on businesses who are operating fairly and who are looking to provide a good standard of service to their clients. Even if you promote the importance of a fair service and being realistic with property prices, it is only natural that many homeowners will be enticed by the chance to sell their property for more money.

Many property owners have to drop their asking price

Simon Gerrard was writing in the City AM, a daily business newspaper, and he pointed out that deliberate pricing was a major factor in the increasing gap between the asking price of property and the sale price. With more and more property owners finding that they sell their home for less than the asking price, it may be that it is the tactics and strategy of the agent that is to blame on this matter.

If you are thinking about selling your home, you should call on a skilled and experienced estate agent that you can rely on. There is never a bad time of year to place your home on the property market, but there is a chance to prosper at this highly competitive time. If you would like to talk more about Stockport property options, you will find that we are the local experts you can rely on.  You can give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html



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