A highly active sales market is fantastic for agents - healthy pipelines created, plenty of completion fees anticipated - BUT this needs to be continually fed by a reciprocal - or preferably higher - number of new instructions.

When the numbers coming on suddenly fall, well....
Combine this with an event that may suddenly reduce your pipeline - the end of the Stamp Duty holiday next month.

Throw in the final end point of the furlough schemes (let's see how many jobs actually remain thereafter) and you have the makings of a perfect storm.
Are current portal costs sustainable when the storm hits?

Rather than headline rates, work out the following:

1. Your aggregate portal costs per available listing p.m.

2. Your average list to completion timescale

3. Your average fee

Work out what av. % of the fee is portals.
We've identified a location that we're going to follow this year to see how that market reacts to changing circumstances. Below is the current data.

Which agent would you prefer to be?

Does FOMO explain why 75% of the agents have full 'bells & whistles' Rightmove packages?

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More from @YorkshireProps

16 Feb
In a single tweet thread here, we'd like to promote the collection of companies that we have a particularly close association with.

We'll start with ourselves!

Free advertising continues with our digital publications. The March issue artwork deadline is 26th February.
@rummage4_prop is an incredible property utility. The clearest & easiest way to Present Property Properly!

It's a very reasonably priced subscription-based property search system (£100 + VAT pm). As a paid-for, it doesn't need to take any commissions from third-party suppliers.
Everyone is curious about broadband (mobile/fixed) speeds, mobile phone signal strength and the best deals that are out there. Either for their existing home or the one they're interested in moving to.

Here's a FREE service to give you all the info you need.

@rightsignal1
Read 8 tweets
10 Feb
Hyper-local portal: So just a collection of listings from local agents, am I right?

So WRONG! Much, much more than that.

The properties are merely the Gate Keeper’s Lodge to the vast estate beyond!

To use a current buzzword, an ecosystem of everything property but LOCAL!
A place where people interested in property can visit whenever they want, wherever they are in the world, using any device & version of software and be wowed.

So many features!

• Properties with rich content and incredible functionality

• Editorial with rich content
• Property News

• Property Transaction Tips (Buy/Sell/Rent/Let)

• Property Renovation Tips

• Local Estate Agent & Builder profiles

• Classified Interactive Directories for property-related businesses

• Classified Interactive Directories for non-property businesses
Read 7 tweets

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