Advice From Estate Agents Please

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22 Apr 2008 12:00 AM by ollie57 Star rating in San Pedro. 16 posts Send private message

Hi All,

Some time ago I was contemplating buying a estate agency franchise, but after some good advice from EOS members and some research in to the company, I decided to forget that idea.

I have now come up with another idea, which I am hoping Estate Agents on EOS can give me some of there valuable advice.

Basically what I want to do is set up my own free lance estate agency (I think that is the right word) My idea is to generate clients by advertising in the local free papers, leave my card at hotels, use flyer's and hopefully set up my own web site. 

Once a potential client contacts me, I would sit down with him/her and generate a wish list with them IE budget, own pool, area etc (you know the routine)

Once I have all the relevant info, it would then be up to me to do all the donkey work for my client. I would find as many Estate Agents with properties that fitted my clients wishes.

The advice I am looking for, is would it be better to charge my client for this service, or if I got a sale ask the relevant Estate Agent for a commission on the sale?

If you think a commission from the Estate Agent would be better what in your opinion would be a fair commission? and what would you suggest I say to the Estate Agents on first meeting them?

I would really appreciate any help and advice you can give me.

Much appreciated

Ollie





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23 Apr 2008 1:09 PM by Karensun Star rating in Orihuela Costa. 1474 posts Send private message

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But isn't that what the client and estate agent do anyway? And if your service is going to put the price up ( as your money will have to come from the buyer or the estate agent )..................who will want to pay for something they can do themselves?

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23 Apr 2008 1:33 PM by georgia Star rating in Algorfa (As seen on .... 1835 posts Send private message

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I think Karensun pretty much summed it all up there......

There are a few guys doing this already although they are always the first to go in the tough times.

I have PM'd you with some advice and if you are dead keen to get into the industry a few ideas as well.

Regards

Georgia



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24 Apr 2008 7:45 PM by Roberto Star rating in Torremolinos. 4551 posts Send private message

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I think this was covered recently on a thread about so-called "buyer's agents". Maybe try searching for that one, but without wanting to put too much of a downer on your plans Ollie, I would have thought that trying to start up any real estate related business in the current climate is surely a bit suicidal? Most estate agents are struggling to stay afloat right now. Sorry, just the way it is.

Best of luck with whatever you do.



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