Home » News » Agencies & People » Times research suggests links between high estate agent fees and over-valuations. previous nextAgencies & PeopleTimes research suggests links between high estate agent fees and over-valuations.Newspaper’s researchers looked at 200,000 recent sales transactions and concluded that some agents with high fees tend to over-value homes.Nigel Lewis8th April 201902,546 Views Research among 200,000 recent house sales listed on Zoopla has revealed a link between how much agents charge to sell a home and the valuation they give in order to win the instruction.Over the weekend The Times said its research suggested that several leading estate agents including Foxtons, Chancellors, Hamptons International, Romans and Barnard Marcus have been over-valuing homes by a up to a fifth to win instructions while also charging some of the highest percentage fees.Foxtons, which charges a 3% sales fee, is highlighted the most within the article which reveals that two thirds of its listings are reduced prior to a sale.The report also claims that the ten agents which overvalue the most charge twice as much on average as the ten agents who overvalue the least.Two of the agents named in the report, Foxtons and Chancellors, both said they ‘price properties competitively’ and ‘strive to get the best price for their customers’.The NAEA told The Times it agreed that the research did not ‘put the industry in a good light’.But Marcus Bradbury-Ross (below) of buying agent The London Resolution thinks the criticism is unfair.“The first time any property is accurately valued is by a valuation surveyor at any future point of mortgage, or for tax reasons, or divorce, or another time when a professional opinion is required,” he says.“Therefore, to blame estate agents outright is partly unfair. There are some estate agents who are disreputable, unscrupulous and out for every last buck.“There are also some very decent and fair estate agents. The fact that it has been discovered that there is a great number of seemingly “over-priced” property only illustrates the need for greater checks and balances.”Read the article in full. home valuations hamptons internatinal Marcus Bradbury-Ross NAEA chancellors The Times estate agent fees April 8, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Image: Boris Ladwig / Greensburg Daily NewsGREENSBURG – Things went from bad to worse for a Decatur County farmer after a combine caught fire Monday afternoon.According to the Greensburg Daily News, an engine fire in the combine started around 1:00 p.m. near the intersection of County roads 500E and 400N, which is approximately five miles from North Decatur High School.The operator parked the combine near a tool shed and attempted to douse the blaze with a garden hose.The combine’s fuel line broke, and sent the machinery up in flames and also spread to the shed, the newspaper reports. The combine was totaled and the shed was destroyed.Fire crews spent upwards of an hour and half on the scene working to prevent the fire from spreading.Responding firefighters came from Clarksburg, Greensburg, New Point and Washington Township. The fire departments were also assisted by the Decatur County EMA and Decatur County Sheriff’s Department.No injuries occurred and the cause of the fire has not been determined.
It was a huge night for Nenagh’s most famous second row as he played his last 80 minutes for Munster at Thomond Park.Donnacha Ryan is 10-times the Munsterman Rassie Erasmus is – according to the province’s director of Rugby.Eramus was paying tribute after the Nenagh man who signed off on 13 years at Thomond Park with a 23-3 victory over Ospreys last night in the Pro12 semi-final. Simon Zebo helps the Thomond Park Crowd show their appreciation for departing Donnacha Ryan – Photo: © Tipp FM Munster will play the Scarlets in the Aviva next weekend in the final with a chance for Ryan to pick up on more trophy on his last day out in the jersey – although Munster will be wearing navy not red when they tog out in the home dressing room.there were tries by Simon Zebo, Andrew Conway and man-of-the-match Francis Saili who’s also leaving this summer.Erasmus says he’s sorry to see the two go…Ryan got huge adulation from the munster faithful after putting in a typically hard-working 80 minutes – they were chanting his name Donnacha, donnacha, donnacha – as he tried to do one post-match interview.His team mates also tried to hoist him onto their shoulders but captain peter O’Mahony says that didn’t go so well…Ryan refused to come out for the press conference after his last match in front of the Brave and the Faithful in Limerick – he reckoned he’d embarrassed himself enough on his TV interviews – but here he is talking to former teammate Marcus Horan about what it all means, just after the final whistle ….Elsewhere, Connacht missed out on a place in next season’s European Champions Cup.They fell to a 21-15 defeat to Northampton in yesterday’s playoff semi-final at Franklins Gardens.The result ends Pat Lam’s four year tenure at the province as he moves to Bristol in the summer.
A friendly against Mali has been included in Ghana’s preparations for next year’s African Nations Championship – CHAN.Maxwell Konadu’s home-based national team, who begin camping next week Tuesday will play Mali, who have also qualified for the competition on December 22 in Accra. Ghana, who lifted the GoTV Wafu Cup last month are aiming for a Cup success at the CHAN competition to be hosted by South African from 11 January – 1 February 2014.Sixteen African sides will be taking part in the competition reserved for home-based players of member countries.Ghana were losing finalist in the first edition of the tournament in 2009 hosted by Ivory Coast but were unable to make an impact in the 2011 event.