Times research suggests links between high estate agent fees and over-valuations.

first_imgHome » 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 2021last_img read more

Heavy rainfall causes flash flooding in Layou

first_img Tweet Share Sharing is caring! Share LocalNews Heavy rainfall causes flash flooding in Layou by: – October 20, 2011center_img Layou area flash flooding earlier today.Heavy rainfall last night and during the early hours of this morning has caused flash flooding the village of Layou this morning.The areas which were significantly affected are the old gas station and old boxing shed in Layou.Disaster Preparedness Coordinator Nathaniel Issac says the area is prone to flash flooding since the Matthieu Dam collapsed in July of this year and has caused the river bed to rise significantly.“The advent of the collapse of the Matthieu Dam, the Layou River bed has risen significantly and any heavy rainfall would cause that river to flood and so it is not any surprise that with the amount of rainfall last night and the early hours of this morning that there was some sort of inconvenience because of flooding in the area,” he said.Mr Issac further reported “about eleven, twelve o’clock that vehicles were able to traverse the area with little difficulty”.The Disaster Preparedness Coordinator says signs have been erected to alert the general public that the area is prone to flash flooding, and also reiterate that heavy rainfall can cause a reoccurrence of this morning’s flash flooding.“We have installed signs in that area indicating that the area is prone to flash flood and that’s what happened this morning. We just want to again warn persons that anytime there is significant rainfall in the area or in the interior, there’s the possibility of having a flash flood in that area because the river bed is significantly higher than it originally was,” he said.Here are a few photographs of the area: [nggallery id = 85]Dominica Vibes News 12 Views   no discussions Sharelast_img read more