It can’t just be a bloody coincidence or a conspiracy, can it?
There’s definitely a reason for why so many of us morbidly fantasise about the demise of estate agents, right?
Estate Agents love taking it upon themselves to show prospective buyers properties that are completely out of scope from their initial requirements. It’s usually when they don’t have enough properties in their books that match the brief, so instead of fessing up and saying, “Sorry, we don’t have any properties that match your criteria”, they take their prospects on a bullshit wild goose chase.
Here’s an all-time classic clip from Gavin and Stacy of a stereotypical Estate Agent that’s a total time-waster. The nutritious problem with any competitive commission based job (but especially in this industry), is that the positions get filled with a particular type of idiot; greasy, ruthless and willing to kill for the next buck.
Ever seen an estate agent discourage you from a buy simply because it’s not suitable? They’ll lie through their teeth in order to encourage a sale, even if they’re trying to flog a pile of shit.
Example: Estate Agents don’t try and get you the best deals; they try and get themselves the best deals. Regardless of whether you’re a buyer or seller, they have tactical methods of trying to exploit anyone at either end of the chain.
Some agents have the audacity to charge vendors even if they don’t sell their property after a certain period of time.
While others force vendors to pay as much as 3% when they have merely found a “ready, willing and able buyer” Yes, it’s as ludicrous as it sounds- the fee is still applicable even if the sale doesn’t go through, as long as they find an interested party.Please note, I don’t actually think every Estate Agent out there is an unscrupulous tossor; I just think the majority have committed at least one of the sins above.I have no doubt in my mind that there are a few good men standing, they’re just not as easy to find as the remaining parasites.If you haven’t personally had a soul-destroying experience with one, the odds are that you’re a stone’s throw away from someone that has.I recently read the results of a national survey, which listed estate agents as one of the most despised people among society, sitting comfortably below ticket inspectors.75% of MP's are private landlords, so there is not a single chance in the BTL market being reformed.