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So, in my last post What Is The Future Of Estate Agency? Part 1 I posed the rather valid question:
“Selling a four bedroom £2,000,000 house is not four times more expensive for an estate agent than selling a one bedroom £500,000 flat. So why is the fee four times higher?”
Can I be honest with you? I’ve been struggling with that question ever since I started in estate agency, over 10 years ago.
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So, undoubtedly, the world of estate agency is changing.
How much has it really changed?
I find it easiest to picture it as a spectrum.
At one end we have the traditional (I’m not saying old-fashioned) estate agency, with their (increasingly nicer) offices on a High Street near you. They pride themselves, rightly, on their local knowledge. It’s a no sale, no fee promise. Fees are charged as a percentage of the sale or rental price achieved. They will be there for you all the way through the transaction, from initial valuation, through sale progression, to the day you handover the keys.
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Some of you might have noticed that there's precious little bird poop in Canary Wharf, and we're going to explain why.
This is Lemmy (the little chap on the right) and he is a Harris Hawk. If you work in Canary Wharf you might have seen him around, either up in the skies, or exactly as you see him now, on Paul's arm (he's the chap on the left).
Lemmy's job is to keep the birds away. Have a think, when was the last time you saw a pigeon in Canary Wharf?
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DLR: The Isle of Dogs is well served by the Docklands Light Railway, which runs through the middle of the Island from South Quay at the top, then down through Crossharbour, Mudchute, and Island Gardens. Going on from South Quay is Canary Wharf, Bank and Tower Gateway, plus connections to Stratford and the rest of the DLR network. Island Gardens leads to Lewisham, via Greenwich. DLR trains run every 3-4 minutes at peak times.