Selling strategy using Foxtons?

You need to look at the market around your area to see what they are selling for and what the condition is of them compared to yours. Spend a Saturday or Sunday doing a blitz of about 5-6 flats to get a feel of other properties, the prices and the other agents. Never take the estate agents view, as all they are interested in is their commission, and if flats don't sell at all, they lose income. It doesn't matter if they lose a few s by telling sellers to reduce the price.

Is that the same Foxtons who appeared on BBC One's Whistleblower - Estate Agents (Tuesday 21 March 2006)?

Yes, thats why he said he was nervous!

You are not negotiating with Foxtons. You are negotiating with the buyer.

How did you reach the decision to go with Foxtons at 210K.

What did other EAs value the property at. You did get other valuations!

Yes, this is exactly what you should do. They badly advised you, you should expect them to help you, not the buyer.

2 and a haf percent! Wow.

Whereabout in London can you buy for 190 btw.

tim

You've told us it's a "London flat" and we are supposed to be able to work out what it's worth?

You say you don't have a good feel for the market - well get one! The alternative is to lose a lot of money by crooked estate agents.

You have two problems:

1) Looking at other properties only tells you the asking price - not the final, agreed price. You could try knocking on doors of properties with 'Sold' signs and ask how much discount they accepted. This may give you a feel for advertised v. realistic price. 2) Time is an element. Assuming there is no overall change in property prices (ie a level playing field), the time that you have to sell the property can be critical. If you have to sell tomorrow, you are unlikely to get the same price as waiting for someone who falls in love with your property.

All the best

Flop

Or wait until the price appears on

and the like.

Daytona

Alternatively, put your postcode in

appears to provide more info for less clicks

tim

The second part of my message addressed the time element.

How long does it take for sales to appear on these sites?

Flop

Entering a random town showe a latest sale date of 27/02/2006.

HTH

tim

And whilst playing with it I found a property sold for 10K on the same date.

Who says they aren't available :-)

tim

>

Foxtons were subject on the BBC 'Whistleblower' program the other week! Very dodgy :)

Doh! Dont you think the OP knew that?

The info. is exactly the same - date, price, address, type, tenure as it comes from the same place, the Land Registry.

You don't have to register, but there's no area search capability ie postcode + 500m.

Daytona

Has anyone mentioned:

In message , Seuss writes

Sounds like they have got you a reasonable offer, which you are free to negotiate. Why not tell them that you are looking for £190,000 and see what happens?

The buyer will either stick at £180,000, or they might increase to somewhere between £180,000 and £190,000. It would seem that you have nothing to lose.

In message , "tim (in sweden)" writes

How have they badly advised him?

Indeed, that is the "selling strategy using Foxtons". They will market your property at way over the odds, so see what happens. Don't be in a hurry to drop your price. Round here the Foxton's ambiguous "Sale" is universal - they never seem to convert to "Sold".