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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 1:45 pm 
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Single Home Owner

Joined: Oct 27, 2008
Posts: 156
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


If an EA is an arsehole/obviously lies/ludicrously overprices/is annoyingly slack or obnoxious, then (similar to tax avoider) I won't view any properties that particular EA is selling. If others operate similarly to me, then the EA is doing his/her paying client a disservice by reducing the pool of prospective buyers.

I don't call returning calls to prospective buyers, knowing a property's BER, showing up to viewings on time etc. a service to prospective tenants/buyers. I call it showing basic competence and a reasonable level of professionalism, something lacking in the vast majority of EAs I've encountered.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 2:29 pm 
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Under CAB Investigation

Joined: Aug 10, 2010
Posts: 2565
pollydolly wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).[/quote]

This post succinctly summarises everything that is totally wrong with the anarchic free-for-all that is the unregulated estate agency business in Ireland.

And by the way, who is it who pays the property owner in the first place so that he/she can pay the estate agent? Hey, that's right - it's the BUYER!


Will a better service from the EA mean you will pay more for the property?

If the answer is no well than you get what you have paid for.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 2:39 pm 
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Joined: Aug 10, 2010
Posts: 2565
Glenmorgan wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


And who is he going to get that "price" from???? THE BUYER!!!!!
It needs to be pointed out that without buyers you wouldn't have seller and visa versa.
Buyers should be given the same respect and courtesy by the EA if not more as it is them who will be handing over the EA’s wages!

Seeing a lot of extremely "bullish" comments from you Landlord. Have you gone into the EA game or are you trying to sell a property? I can't decide! :x


Neither, I am a buyer at present.

However I am honest enough to admit an EA owes me no duty of care as a buyer.

My focus is to buy as cheaply as possible. The EA job is to get the best price for the vendor (or extract the most money as possible from me).

I am always amazed that buyers/tyre kickers/etc expect EA to jump to their every whim. No matter how useless and incompent an EA is if I believe a property offers good value I will buy it. In fact the more useless he is the more likely I am to get a bargin.

Am I missing something?


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 2:42 pm 
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Joined: Aug 10, 2010
Posts: 2565
Dejaview wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


If an EA is an arsehole/obviously lies/ludicrously overprices/is annoyingly slack or obnoxious, then (similar to tax avoider) I won't view any properties that particular EA is selling. If others operate similarly to me, then the EA is doing his/her paying client a disservice by reducing the pool of prospective buyers.

I don't call returning calls to prospective buyers, knowing a property's BER, showing up to viewings on time etc. a service to prospective tenants/buyers. I call it showing basic competence and a reasonable level of professionalism, something lacking in the vast majority of EAs I've encountered.


Is a useless EA not good from a buyers prospective. He is helping to reduce the house buying competition.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 2:52 pm 
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Neo Landlord

Joined: Oct 15, 2008
Posts: 213
The answer to the question in the subject line is always No. There may or may not be an offer (probably not) and any offer may or may not be to the level quoted. But, in my experience, estate agents will always lie about something. Has the house been rewired recently? "I think so". Is the garden south-facing? "I'm not sure". What's the length of the garden? "In the region of 50 feet". These are all questions that they do know the answer to and are always guaranteed to be vague about.

Does the estate agent owe a duty of care to the viewer? I have been knocking around long enough that I know many of the estate agents in my preferred area and I find myself avoiding certain ones if I am 50-50 about viewing a house. I know they are going to bullshit me and give me vague answers to specific questions so I can't be bothered if I don't fall in love with a My Home ad. I am a cash buyer with a lot of leeway and I will buy sooner or later and it is quite possible that the liars will lose out.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 3:22 pm 
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Property Magnate

Joined: Aug 24, 2007
Posts: 580
Landlord wrote:
Glenmorgan wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


And who is he going to get that "price" from???? THE BUYER!!!!!
It needs to be pointed out that without buyers you wouldn't have seller and visa versa.
Buyers should be given the same respect and courtesy by the EA if not more as it is them who will be handing over the EA’s wages!

Seeing a lot of extremely "bullish" comments from you Landlord. Have you gone into the EA game or are you trying to sell a property? I can't decide! :x


Neither, I am a buyer at present.

However I am honest enough to admit an EA owes me no duty of care as a buyer.

My focus is to buy as cheaply as possible. The EA job is to get the best price for the vendor (or extract the most money as possible from me).

I am always amazed that buyers/tyre kickers/etc expect EA to jump to their every whim. No matter how useless and incompent an EA is if I believe a property offers good value I will buy it. In fact the more useless he is the more likely I am to get a bargin.

Am I missing something?

I think all people involved in any business have a duty to be honest in their dealings, or is there some kind of special dispensation for estate agents? Of course they have a duty of care to buyers - in a country where regulation of the industry exists (like the UK), for instance, all this dicking around with the the buyer virtually stopped overnight after the crash of the late 80s/early 90s when legislators finally realised that the industry had to be regulated. It's not perfect by a long way in the UK, but it makes Irish estate agents look like the bunch of cowboys they actually are.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 3:42 pm 
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Private Tenant

Joined: Apr 12, 2012
Posts: 43
So there is virtually no way to know if an offer is on the table? Effectively the EA can lie to a buyer to increase the sale price.

How is this stuff not regulated by now?


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 6:12 pm 
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Homeless

Joined: Mar 30, 2012
Posts: 19
Isn't it extraordinary Quarryman? The wheels of change sure do turn slowly...!


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 7:26 pm 
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Real Estate Developer

Joined: Nov 17, 2008
Posts: 977
Apart from the confusing bidding war with cash buyers bidding in 0's and 5's all over the place that I am not caught up in - I have been shocked by how lazy and inefficient the EAs are.

Some don't turn up, some don't return calls - some have attitudes that seems to suggest that we are still in 2006 and potential buyers should be grateful to allowed view. Some don't introduce themselves or shake hands when you meet.

One called me 'love' on the phone. :sick:

One (of the biggies) I spoke to today cannot do viewings after 5.30pm. They do some Saturday viewings but refuse to give a time until the day before - so you're supposed to clear your schedule, a week in advance, on the off chance they come back to you with a time.

Some can't do a viewing for a while because 'they're run off their feet with viewings.'

Some houses are' choc-a-block with viewings' (yet arriving there early for a peep, you see nobody but the owner hiding the dog)

The majority are acting like it is really easy to sell a house these days because of the long queues of no-chain cash-buyers chucking money around - maybe it's true?????


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 8:31 pm 
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Too Big to Fail
User avatar

Joined: Apr 20, 2009
Posts: 3529
Location: location location
Landlord wrote:
Glenmorgan wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


And who is he going to get that "price" from???? THE BUYER!!!!!
It needs to be pointed out that without buyers you wouldn't have seller and visa versa.
Buyers should be given the same respect and courtesy by the EA if not more as it is them who will be handing over the EA’s wages!

Seeing a lot of extremely "bullish" comments from you Landlord. Have you gone into the EA game or are you trying to sell a property? I can't decide! :x


Neither, I am a buyer at present.

However I am honest enough to admit an EA owes me no duty of care as a buyer.

My focus is to buy as cheaply as possible. The EA job is to get the best price for the vendor (or extract the most money as possible from me).

I am always amazed that buyers/tyre kickers/etc expect EA to jump to their every whim. No matter how useless and incompent an EA is if I believe a property offers good value I will buy it. In fact the more useless he is the more likely I am to get a bargin.

Am I missing something?


An 'a' ;)

In fairness, it's a big undertaking for many people and, just as you would expect cordiality from a shop assistant or a car salesman, people expect a certain level of service. Not answering calls does no-one any favours and not being au fait with basic information about the property is just plain lazy. It's clear that it makes no difference to you but buying property is a business for you and you're an old hand but the vast majority of buyers are embarking on a huge financial and somewhat emotional commitment and they require a certain level of guidance

_________________
I dream of a better tomorrow, a place where chickens can cross roads and not have their motives questioned


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 Post subject: Re: Is EA telling the truth?
PostPosted: Fri Jun 15, 2012 9:51 pm 
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Planning Tribunal Attendee
User avatar

Joined: May 5, 2011
Posts: 1183
Location: Rentsville
Don't forget viewings are at the whim of the vendors, mostly, not the EA.

It's a pain in the hole to accommodate random viewers, most of whom you can tell are going to be time-wasters. I know! I us(ed) my EA to sort out the wheat from the chaff.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Sat Jun 16, 2012 8:09 pm 
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Homeless

Joined: May 17, 2012
Posts: 9
would that house happen to be in Blackrock ?
Had a similar experience recently with a property where the vendor wanted 570K and low and behold the EA suddendly had 565K on the table and came back to us.....I still really doubt that other bid......we had 510k offered......


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 Post subject: Re: Is EA telling the truth?
PostPosted: Sat Jun 16, 2012 9:53 pm 
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Neo Landlord

Joined: Apr 6, 2008
Posts: 254
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


Landlord, the EA's fee comes indirectly from the buyer. No buyer, no sale, no commission. If I have a potential lead for business I chase it down, I don't drop it. When you e-mail or phone an EA and are serious about buying a property and they never contact you back, they have dropped a lead. They are doing a disservice to their client. They won't be getting the best price or indeed any price for their client if they do so. Sure, they want to take a firm position while negotiating but treating people with contempt and a lack of respect does nobody any favours. I have gained business from clients referring friends and family to me because I treat them with the utmost respect and conversely I will be telling others about poor business habits of EAs I encounter, in my case I work in a business related to theirs. This thread grows longer with people sharing anecdotes of lack of interest from or bad treatment by EA's, they must be doing something wrong.


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 Post subject: Re: Is EA telling the truth?
PostPosted: Sat Jun 16, 2012 9:59 pm 
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Under CAB Investigation

Joined: Aug 10, 2010
Posts: 2565
Homemaker wrote:
Landlord wrote:
Glenmorgan wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


And who is he going to get that "price" from???? THE BUYER!!!!!
It needs to be pointed out that without buyers you wouldn't have seller and visa versa.
Buyers should be given the same respect and courtesy by the EA if not more as it is them who will be handing over the EA’s wages!

Seeing a lot of extremely "bullish" comments from you Landlord. Have you gone into the EA game or are you trying to sell a property? I can't decide! :x


Neither, I am a buyer at present.

However I am honest enough to admit an EA owes me no duty of care as a buyer.

My focus is to buy as cheaply as possible. The EA job is to get the best price for the vendor (or extract the most money as possible from me).

I am always amazed that buyers/tyre kickers/etc expect EA to jump to their every whim. No matter how useless and incompent an EA is if I believe a property offers good value I will buy it. In fact the more useless he is the more likely I am to get a bargin.

Am I missing something?


An 'a' ;)

In fairness, it's a big undertaking for many people and, just as you would expect cordiality from a shop assistant or a car salesman, people expect a certain level of service. Not answering calls does no-one any favours and not being au fait with basic information about the property is just plain lazy. It's clear that it makes no difference to you but buying property is a business for you and you're an old hand but the vast majority of buyers are embarking on a huge financial and somewhat emotional commitment and they require a certain level of guidance


Why should anybody expect guidance and help from the person whose job it is to extract the highest price from one be buyers?

A bad EA is good from a buyers prospective.

If a buyer is looking for emotional support perhaps they should pay for it elsewhere.

ps. property is not my business. (no money in it these days :( )


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 Post subject: Re: Is EA telling the truth?
PostPosted: Sat Jun 16, 2012 10:04 pm 
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Under CAB Investigation

Joined: Aug 10, 2010
Posts: 2565
Poor Student wrote:
Landlord wrote:
Why should an EA provide any level of service to prospective tenants or buyers.

Is a higher level of service going to encourage them to pay more for the property?

Tenants and prospective buyers seem to expect a level of service from EAs that they don't pay for.

An EA job is to get the best price for the property owner (the person who pays him).


Landlord, the EA's fee comes indirectly from the buyer. No buyer, no sale, no commission. If I have a potential lead for business I chase it down, I don't drop it. When you e-mail or phone an EA and are serious about buying a property and they never contact you back, they have dropped a lead. They are doing a disservice to their client. They won't be getting the best price or indeed any price for their client if they do so. Sure, they want to take a firm position while negotiating but treating people with contempt and a lack of respect does nobody any favours. I have gained business from clients referring friends and family to me because I treat them with the utmost respect and conversely I will be telling others about poor business habits of EAs I encounter, in my case I work in a business related to theirs. This thread grows longer with people sharing anecdotes of lack of interest from or bad treatment by EA's, they must be doing something wrong.


Are these EAs not a buyers dream.

They are putting people off who otherwise might bid against you (assuming you are a buyer and not a tire kicker).


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