There appears to have been “a spate” of estate agencies going out of business in Norfolk, newspaper readers have been told.
The Eastern Daily Press has carried what appears to be a timely article offering advice to vendors when an estate agency shuts up shop.
Nick Taylor, of Hadley Taylor, and Aidan Branch, of Durrants, outline options for sellers who have exchanged contracts but not completed; have agreed a sale but not yet exchanged; and who are still on the market.
Taylor adds: “There do seem to have been a spate of Norfolk estate agents going into liquidation in recent months.
“The reason for this is nearly always because these firms haven’t been charging enough for their services.
“Some consumers really do believe that they can get the best possible service for the lowest possible price, and in the grown-up world this is rarely the case.”
He says: “My best advice is to pick a long-established firm in the first place and not a firm that is here today and gone tomorrow.”
Comments (4)
is it because it’s flat ?
Interesting that a piece of ‘advertorial’ has gained traction and secondly, the ‘spate’ currently sits at 2 firms; both if word on the street is to be believed, thought that diddling the VAT man was a viable business strategy to provide working capital. But Nick Taylor is right in the context of these two companies, if they had charged correctly and/or cut their expenses cloth according to their income, then the Vatman wouldn’t have needed to put them down.
I love the blinkered idea that firms go bust because they don’t charge enough. Perhaps they don’t have efficient processes, spend too much on the wrong things and don’t have proper control over their costs in general.
With online agencies taking market more share slowly but surely each year, charging more to cover up costly inefficiencies, is not going to be the answer for the mass market.
So long-established firms never go bust then?