Said to mean “that you can only judge the quality of something after you have tried, used, or experienced it.” This proverb dates back at least to the 14th century but I believe it is still as relevant today as it probably was back then. Even more so for us here at Eazy Agent. We do not have the reputation or history…yet, to drive traffic to our door or website as it is for us. All we can offer is proof that our concept works. We can and it does. We now have six (yes, only six, we have only been trading for six weeks so it is not too bad) thoroughly satisfied customers, who have paid us the sum total between them of £1524.00. The average cost of selling your home with a High Street Agent according to Which Magazine, based on figures available in October 2019 was £3593.00. That figure is before conveyancing, removals and other costs. We are living in uncertain times, at this point, things are very good for Estate Agents, we don’t think it will last.
The furlough scheme ends in October. We could be facing record unemployment near the end of the year and the governments' controversial decision to extend evictions until 20th September. The government has also changed the minimum notice periods tenants receive for evictions from three to six months. This rule will be in place in England until at least 31 March 2021. We could see a surge in repossessions, for not only owner-occupiers but also the BTL sector as Landlords, struggle to meet mortgage payments. Every penny is going to count for people as the crunch comes and £3000 could be the difference between affording somewhere to rent or showing at least a small return on your investment. If you think the High Street Agents are going to drop their commissions, they will not, and they cannot. If they drop commission rates, they will struggle to convince customers to pay more once the market recovers. The reason they cannot is that like all retail businesses they have massive overheads. The staff, rental payments to find for high-value retail properties, business rates, advertising & company cars. Some of the big players have shareholders to think of. They are not flexible enough to move as quickly as they are going to have to be in the next 12 months. A few of the bigger agents are creaking under the weight already and in my opinion, things are only going to get worse.
We are perfectly placed and priced to help out the lower end of the market with our Pay as You Go package and importantly for the middle of the market our Pay Now package could not have come at a better time. Our package will save you on average £4000 when you sell your home. This is not bluster or bravado, there is nobody on the market offering what we do here, we are the future, join the revolution.