“We were attracted by Oliver Finns fixed fee for selling ......”
2 Star Review
Oct 29,2013
By:
'kate'
Oct 29,2013
Branch: London, 315 Chiswick High Road
Services: Sales (as a Vendor)
Would you recommend?: No
Postcode: W4
Branch: London, 315 Chiswick High Road
Sales (as a Vendor)
Postcode: W4
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We were attracted by Oliver Finns fixed fee for selling a property, having had other agents quote 1.25% we felt we had to give this ago as it was so much cheaper and they were claiming to be able to do the same job. I liked the fact they we challenging convention by not having a shop which in todays online world does seem like an unnecessary overhead. Also they came in with the highest valuation so all in all it was a very attractive package; although there was the little voice in the back of my mind saying this is all too good to be true, but we had to give it a try and prove the consensus wrong and save money in the process. So the property went on the market and we had two early viewing for which we had an offer at a reasonable price, we were delighted. However this delight was short lived following the valuation by the mortgage company who valued the property below the offer price. I felt pressure immediately from Oliver Finn to drop our price, but we knew the way the market was we were not being unrealistic in what we were asking, it was just that OF did not manage the process effectively. The buyers pulled out and the house went back on the market, we then had two further offers both of which fell through due to the fact OF had not qualified the buyers sufficiently, so what should have been a very easy flat to sell was turning into a nightmare. We had been on the market for 2 months and were no further along. We decided that it was clear that OF were not the estate agents for us so i gave them notice, at which point i received a very rude email from the manager stating they didn't know what else we expected them to do in regards to our sale as they had found buyers, but now they felt we should now drop the price by 45K as this was obviously the problem. I did not respond to the email as i saw little point they felt they were right and i was wrong and i should be grateful for the fact they had failed to sell my flat in 2 months in a very bouyant market. We waited out the notice period and went with another agent who had a open day two days after taking over and had three offers two at asking price one of which was a cash buyer that sale went through without a hitch. What is clear is that OF can get offers on the table however their ability to manage these is poor not qualify the quality of buyers or managing the process after offer successfully. This was very apparent once we had switched agents and saw how the new agent managed the process.
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