Showing posts with label true story. Show all posts
Showing posts with label true story. Show all posts

Wednesday, 15 May 2013

The dodgy private sale

Diary note 11/11/12
The private sale.

One thing that infuriates me in this industry is the fact you can do all the work, the advertising, the viewings, the chasing viewers and then in one simple swoop the vendor can take the house off the market. No fees payable.

That is annoying however when you find out later on down the line that the vendor has done a private sale with a person you booked in to view the house that really p****s me off.

Here's a prime example and a true story.

We were marketing a property for a good 7-8 weeks, we had 8 viewings but sadly no offers. The property was a character full cottage, feature beams, large solid wood front door, oak flooring, sash windows it was lovely. We booked the ninth viewing with the applicant and the vendor and as you do in this industry 24 hours later we made the follow up call. The response from Mrs F (name changed to comply with my no names policy!) was that it was "too small" for her. We reported this back to the vendor and continued to market the cute cottage.
2 days later we receive a call from the vendor who informs us that due to family circumstances we had to stop marketing, they were moving a family member in to rent it for 6 months but they would come back to us to sell it in 6 months time. We did as we were told and removed it from the market.

9 weeks later one of the girls in the office sent a bulk email to our database with our new instructions. We then receive an email from Mrs F stating that she was buying a property privately and provided the full address. This full address was indeed the house that she had viewed through us. We got hold of the original vendor and advised them that we knew they had done a private deal and we would be collecting our commission when it completes. They initially denied it.

The next day they vendors called the office and told us that they had done a private deal but it was Mrs Fs idea and it would save them our fee. It turns out that during the private sale both parties had  a huge fall out with each other (which is why Mrs F responded to our email). It was her way of getting back at the vendors. The problem was that it backfired on her. The vendors insisted that because it was her idea to do the sale privately if she wanted the house she would have to pay extra to cover our fee.

The end result was that the house did complete and Mrs F did buy it. Because of the massive fall out the vendors dropped the keys at our office.(typical involve the agent when the shit hits the fan) 

We gave out the keys on completion day to a fuming Mrs F who was now accusing us of over charging HER!

We then encountered a barrage of calls once she arrived at the house because the vendors had removed all the light bulbs, extracted every ml of oil from the tank, didn't leave the garage key and to top it off left a rather nasty 'present' in the gas meter box.

The end result was that we got our fee. 

The moral of the story is karma is a bitch and don't do dodgy deals!

 

Sunday, 12 May 2013

A typical Saturday in my world. Diary entry 14/07/12

A usual Saturday in the office including numerous WOFT's

I hate working on a saturday, I can think of a million and one things I would rather be doing but, for us estate agents, Saturday's can be the busiest day if the week.

Saturday starts with my 9am appointment to sign a tenancy in the office. Shame the tenants didn't arrive until 9:30 with not so much as an apology. Great start to the day!! 


I go on to the first of the 2 valuations of the day. Valuation 1. Despite providing the owner with documentative evidence of how I came to the valuation price including recent sales of similar properties in the same location, they seem to think that I'm way off the true price of the house and because there 'friend' knows about property and he told them it was worth at least £190,000 then my valuation was way off the Mark and were actually quite offended by the price I had said. Oh well never mind, there's another valuation this afternoon so better luck with the next one, or so I thought.

Valuation number 2. 
It's 3pm . I'm bang on time. Full of confidence because I have done lots of research prior to attending, I knock on the door and wait, and wait, and wait. So I knock again, and wait. Next thing the door opens, big scruffy dog flies out and jumps up on my nice clean suit!!!!! Followed by the owner who comes to the door in a pair of really old baggy grey jogging bottoms, and nothing else!! So there's me all professional in my suit, there's him with his beer belly hanging out. The house wasn't great, the owner didn't care, he didn't want to sell but his ex had arranged the valuation so he had to go along with it. He openly tells me that the ex needs a price so she can buy him out.

Now bearing in mind that my estate agency is actually a business that needs to make money just like every other business out there, if I give a valuation and they use it to settle a split up, then how do I earn any money out of this?? what is the point of me wasting my petrol, my time and my resources to provide this person with a valuation??? So I go on to give them a verbal price and tell the if they want it in writing then it would be £99 plus vat.

Needless to say I didn't last long at valuation number 2. A genuine WOFT

The day ended at 4:15 with a negotiated property sale, a realistic vendor with a realistic expectation