How do estate agents get quick sales?
Our experience (we have a lot of previous experience in conveyancing for vendors who have sold through estate agents ) is that a quick sale is often achieved where the estate agents tells a vendor that the property is worth a low figure when it is really worth a lot more at current market value . The bargain price will attract plenty of interest from purchasers who know the market, and if the vendor accepts an offer midway between the agents original quote, and the current market value of the property, both the vendor and the purchaser will believe that they have done well. Of course this process is both unethical and illegal, as it involves a conflict of interests and misleading and deceptive conduct.
