We've posted about this before but in this current high-demand, low-supply market, it might be in their best interests for agents to give this concept some thought.
Some may already have it in place, it certainly helps cash-flow when things are tight.
agentresponse.co.uk/how-to-set-up-…
Some may already have it in place, it certainly helps cash-flow when things are tight.
agentresponse.co.uk/how-to-set-up-…
The constraints presented by a low-supply market suffocate estate agency.
Reduced revenues lead to smaller profits potentially resulting in a constant battle to stay in the black.
Before the doors even open on a Monday morning there are significant fixed costs to be funded.
Reduced revenues lead to smaller profits potentially resulting in a constant battle to stay in the black.
Before the doors even open on a Monday morning there are significant fixed costs to be funded.
The market has enjoyed a sustained period of good trading culminating in the recent windfalls received end June & end Sept.
We know it has been good because few agencies have closed and many have opened up or expanded.
Healthy revenues have helped fund the growth of proptech.
We know it has been good because few agencies have closed and many have opened up or expanded.
Healthy revenues have helped fund the growth of proptech.
Proptech, while effective, has added additional cost burdens to selling a property.
With some products, agents may be tied into fixed-term monthly subscriptions.
Will these be the first for the chop when things get really tight?
Vendor-paid advertising could be the solution.
With some products, agents may be tied into fixed-term monthly subscriptions.
Will these be the first for the chop when things get really tight?
Vendor-paid advertising could be the solution.
There's no better time than now, as the storm clouds are looming, to undertake a forensic audit of expenditure.
Pay close attention to ROIs.
Find out what works, what doesn't.
What's essential, what isn't.
Can you negotiate a better price?
Are there cheaper options?
Pay close attention to ROIs.
Find out what works, what doesn't.
What's essential, what isn't.
Can you negotiate a better price?
Are there cheaper options?
If you don't fancy VPA, can you increase your fees to mitigate any cuts?
Maybe look to reduce huge elements of waste; the churning of listings and the fall-throughs of sales?
Selling houses fast is great but not if you're only selling half the quantity you're used to (or need).
Maybe look to reduce huge elements of waste; the churning of listings and the fall-throughs of sales?
Selling houses fast is great but not if you're only selling half the quantity you're used to (or need).
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