‘Online-only estate agents have failed to disrupt the property industry’

first_imgOnline-only estate agents have largely failed in their bid to disrupt the property industry but have radically changed what the public now expect of estate agents.This claim is made by high-profile industry training guru Richard Rawlings, who says online agents have failed to flourish in the increasingly tough property market because their models are designed to work well in high turnover, ‘hot’ markets where homes are easier to sell.He also claims that agents who have dropped their fees in a bid to compete with online agents have ended up offering lower standards instead, and that those agents which concentrate on better service have the keys to success.“Vendors have decided that paying an agent is well worth while, but they want a great service for that money. It was never actually about price,” Rawlings has told The Negotiator.“In terms of on-line benefits, there is a perception that the public likes to be in control, as they are with their online shopping and social media. “But I would argue that this is not necessarily the case. They do like to be connected. Control is not so good once you realise how little you know… that’s why people go back to travel agents when trying to book inter-connecting flights and hotels.“They want to pay someone else to take all the hassle and responsibility away from them.”He also claims that estate agents in the past have not been good enough at telling the public about their knowledge, skills and experience and why they are worth the fees they charge.Richard Rawlings is about to set out on a 17-venue roadshow around the UK exploring these and other issues.Read more about online estate agents.   online estate agents August 19, 2019Nigel LewisOne commentChris Arnold, andsothestorybegan andsothestorybegan 19th August 2019 at 5:11 pmThe mistake online agents made was in offering the service for a incomprehensible fee. If something is purportedly better, it usually comes in more expensive. Not less. So, at the outset, online are scrambling to prove they are just as good, only cheaper.Vendors didn’t believe they were just as good. Reading intentions and emotions is something the high street agents do as a matter of course. So the change that online was asking vendors to make was a risk. With risk comes fear. So we paid more and tried to discount the fee.Allied to that, the online sector had zero message. Imagining that saving a few quid would do the trick. Nothing about the people behind the brands. Nothing about the values and culture. Nothing about anything, other than fee.They deserved to fail.The business model doesn’t necessarily demand a hot, high turnover market. It just requires the owners not to be profligate with other people’s money. Online can work, but not at the fee level and not with the abysmal marketing.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » ‘Online-only estate agents have failed to disrupt the property industry’ previous nextAgencies & People‘Online-only estate agents have failed to disrupt the property industry’But their technology and approach to customer service have changed vendor perceptions for good and agents must adapt, says senior industry figure Richard Rawlings.Nigel Lewis19th August 20191 Comment1,181 Viewslast_img read more

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BREAKING: Former Your Move MD Gareth Samples to take top slot at Martin & Co parent company

first_imgThe hunt for a new leader at Martin & Co and Ewemove parent corporate The Property Franchise Group is over after the company announced this morning that one of Your Move’s former senior team, Gareth Samples, is to join the company as CEO designate.This is in preparation for the departure of Ian Wilson, who has said previously that he intends to retire later this year, and to enable an ‘orderly handover’.Samples is an industry veteran but, unlike many other corporate CEOs, has spent time in more digital areas of the industry after leaving Your Move after 21 years where he was its Managing Director until 2012.In that role he was responsible for Your Move’s franchise operation as well as having overall control of its Financial Services arm, Lettings and the strategy of the brand.Since then his experience has included spells leading marketing platform BriefYourMarket as well as working for an asset management company.He is also the non-exec chairman at Legal4Landlords.com and is a key member of the industry charity AgentsGiving.“I am thrilled to be joining The Property Franchise Group,” he says.“The business is at a very exciting stage in its growth strategy with the recent launch of its financial services division alongside a huge opportunity to grow and improve its franchise footprint.“I am really looking forward to working with Ian and his team ahead of my formal appointment and I am determined to build further upon the incredible work carried out by Ian and the team.”Ian Wilson (left) says: “We are delighted that Gareth is joining the team as CEO Designate, as he brings a wealth of industry experience and shares our vision of franchising as a powerful force in our industry.    February 13, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » BREAKING: Former Your Move MD Gareth Samples to take top slot at Martin & Co parent company previous nextAgencies & PeopleBREAKING: Former Your Move MD Gareth Samples to take top slot at Martin & Co parent companyThe 51-year-old has joined the TPFG empire eight years after leaving Your Move to run digital marketing platform BriefYourMarket.com.Nigel Lewis13th February 202001,336 Viewslast_img read more

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Foxtons and BidX1 join up online

first_imgBidX1 has become Foxtons’ exclusive auction partner. The two firms initially joined forces in February when Foxtons began listing selected properties in London and the South East on BidX1’s digital platform. Following the success of that early collaboration, with more than 40 joint sales and approximately €20m in total sales value, the announcement marks the beginning of a longer-term partnership.BidX1 currently operates across five markets – the UK, Ireland, South Africa, Spain and Cyprus – and has long championed an innovative approach to property transactions.Stephen McCarthy, Founder & CEO at BidX1, commented, “The demand for a more modern, digital approach to property sales is growing exponentially. The platform provides certainty in terms of deal execution, transparency throughout the entire process, and powerful real-time data to inform decision-making across the full sale cycle.“Combine this with our platform’s global investor audience, who are actively seeking cross-border investment opportunities, and it’s clear that we are uniquely placed to complement the expertise and experience of market-leading firms like Foxtons.”https://bidx1.com/enauction partners BidX1’s digital platform global investor audience Stephen Mccarthy auction BidX1 Foxtons October 20, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Auctions news » Foxtons and BidX1 join up online previous nextAuctions newsFoxtons and BidX1 join up onlineThe Negotiator20th October 20200104 Viewslast_img read more

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Leading independent Portico teases corporate rivals for ‘lack of profits’

first_imgLeading independent estate agency Portico says its move into Airbnb property management and a recently-launched online letting agency have helped it ride the initial Covid months without a dramatic loss of revenue.Portico is one of the first independent agents to report on its performance during the early months of the pandemic, posting results that reveal an 8% drop in revenue of £909,500 to £10,495,552 during the 12 months to the end of April 2020.The company says this was due to the tenant fees ban and the initial impact of Covid.Portico says it enjoyed a ‘reasonably strong performance’ and used cost-cutting measures to offset the lost revenue, posting a net profit of £358,822.The company claims its “diversified structure helped limit the impact of the loss of tenant fees, and although revenue for the group was down by 8%, the company succeeded in growing profit before tax by an impressive 38% over the same period”.Robert Nichols (left), its CEO, says: “Portico remains one of the strongest performers in the London market, with larger publicly listed peers such as Foxtons and Countrywide both running at a loss on a comparable basis.“Portico’s balance sheet remains strong with Net Assets increasing by 4% over the period and a Revolving Credit Facility providing in excess of £503k of cash as of the year end.”Nichols also claims that its recent forays into the Airbnb management market and its recently-launched online letting agency, Portico Direct, have helped it ride out the worst of the early months of Covid.Portico Robert Nichols Countrywide Foxtons January 4, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Leading independent Portico teases corporate rivals for ‘lack of profits’ previous nextAgencies & PeopleLeading independent Portico teases corporate rivals for ‘lack of profits’Estate agency Portico says both its new Airbnb business and online lettings agency helped it limit the impact of fees ban and Covid.Nigel Lewis4th January 20210817 Viewslast_img read more

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Canada’s Brittany Fraser-Beaulieu Invited to World Cup Final

first_img Horse Sport Enews SIGN UP Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. Brittany Fraser-Beaulieu of Saint-Bruno, QC, and All In (Tango x Damiro), a 16-year-old Dutch Warmblood gelding that she co-owns with her father, Craig Fraser, and husband, Marc-Andre Beaulieu, are World Cup Final bound. The pair have been invited to compete at the FEI Dressage World Cup Final in Gothenburg, Sweden, March 30 to April 4 along with two US riders ‒ Olivia La-Goy Weltz Lonoir) and Charlotte Jorst (Kastel’s Nintendo) ‒ who will face a starting field of 18 at the annual event that was cancelled last year due to the Covid-19 pandemic.Fraser-Beaulieu, 32, recently set a fresh Canadian record, scoring 79.330% in the Freestyle during week 5 at the Adequan Global Dressage and has her sights firmly set on an Olympic berth at Tokyo this summer. Fraser-Beaulieu and All In have been the highest placed Canadian combination on the FEI Dressage World Ranking for four years running. Canada has not had a representative at the World Cup Final since 2013 when Jacqueline Brooks and D Niro and Jaimey Irwin with Lindor’s Finest competed.“I just decided that I’m going to try for World Cup Finals,” Fraser-Beaulieu said after her winning AGDF weekend. “Things are a little up in the air still with the rest of the season. I’d like to do the five star, to get another [Grand Prix] Special under our belt for the Olympics. We are just going to take it show by show and see how All In feels. If he needs to go we’ll go, if he feels tired we will take a break. I’m pretty flexible.”There is some concern that the FEI World Cup Finals may have to be postponed or cancelled again because of the recent spike in Covid cases in Sweden and the presence of EHV-1. On March 1st, the FEI cancelled international events in 10 countries on the European mainland with immediate effect until March 28th due to the rapid evolution of the neurologic strain of the equine herpesvirus.An FEI spokesperson commented on March 10th: “The FEI World Cup™ Finals in Gothenburg are scheduled to go ahead from 31 March to 4 April. The shutdown of international competition in mainland Europe is until 28 March, meaning that the Finals will not be impacted. However, clearly there will need to be increased biosecurity protocols in place at the Gothenburg venue and these will be similar to those implemented for the Finals in 2019, when there were outbreaks of both EHV and Equine Influenza in Europe. These protocols are currently being finalised.” Tags: EHV-1, All In, FEI World Cup™ Finals, Brittany Fraser-Beaulieu, coronavirus, Gothenburg, Sweden, Email*last_img read more

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Sri Lankan Navy Detects Detonators Used in Illegal Fishing

first_img View post tag: Navy View post tag: Detonators View post tag: Naval View post tag: Illegal View post tag: fishing View post tag: Sri April 13, 2012 Back to overview,Home naval-today Sri Lankan Navy Detects Detonators Used in Illegal Fishing Sri Lankan Navy Detects Detonators Used in Illegal Fishingcenter_img View post tag: used View post tag: News by topic Naval troops attached to SLNS Pussadewa of the North-central Naval Command recovered 13 non-electric detonators and 11 safety fuses hidden in Kallady Beach on 11th April 2012.[mappress]Naval Today Staff , April 13, 2012; Image: navy View post tag: Lankan View post tag: Detects Training & Education Share this articlelast_img read more

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USS George Washington Completes Sea Trials

first_imgThe Nimitz-class aircraft carrier USS George Washington (CVN 73) returned to its homeport of Commander Fleet Activities Yokosuka May 16, after completing sea trials.Sea trials is the testing phase of a U.S. Navy warship designed to measure a vessel’s performance and general seaworthiness.During this five-day evolution, George Washington completed drop tests on both anchors; conducted several aqueous film forming foam (AFFF) countermeasures drills and high-speed runs and rudder swing checks; as well as on-loaded both JP-5 jet fuel and various ordnance. “Sea trials are where we put the past six months of maintenance to the test,” said Capt. David Lausman, USS George Washington commanding officer. “The crew worked extremely hard to make this warship the best in the Navy, and I could not be happier to see the way the crew and this ship have responded.”George Washington’s Deck department spent the first day of sea trials conducting anchor drop tests that tested the durability and integrity of the ship’s two 30-ton anchors.The anchor drop tests were conducted by 40 deck Sailors and involved lowering both anchors more than 60 feet to the sea below. These tests not only ensured the stability of the anchor and chain, but familiarized the crew with this dangerous evolution. “This was the first time we released the anchor in quite some time,” said Boatswain’s Mate 2nd Class John McNeil, from Conway, S.C. “I feel that our Sailors gained a tremendous amount of experience and knowledge. And that will translate into them getting the job done faster and safer when they are called upon.”George Washington was coated with foam from a chemical fire-fighting agent known as AFFF. This was a part of a two-day long test of the ship’s counter-measure washdown system conducted by the ship’s engineering department.Over three football fields of AFFF covered the ship, but all hands picked-up brooms to join the ship’s air department and scrubbed the aircraft carrier from stem to stern.George Washington also conducted rudder swing checks and high-speed runs to test not only the ship’s seaworthiness, but the crew’s ability to perform in extreme high seas conditions. The ship maneuvered approximately 60,000 tons of steel and traveled more than 30 knots while conducting sharp turns. George Washington also conducted a ‘raging bull’ maneuver that began with the ship moving at top speed and then braking to a complete stop.The crew worked diligently for a full two days of replenishments-at-sea (RAS) and vertical replenishments (VERTREP) with the USNS Tippacanoe (T-AO-199) and USNS Earhart (T-AKE-6). The ship received more than 1.9 million gallons of JP-5 jet fuel and approximately 3.7 million pounds of ammunition.Each department contributed to the ship’s overall mission readiness by conducting its own set of evolutions and tasks – including the ship’s Air department, which is preparing for Carrier Air Wing (CVW) 5’s arrival. “We’re using our time wisely,” said Aviation Boatswain’s Mate (Equipment) 3rd Class Yves Marlo Aguirre, from Manila, Philippines. “When we embark the air wing, we’ll be ready to go. “CVW-5 will combine with George Washington to support U.S. 7th Fleet operations during its upcoming patrol.The ship is working diligently to complete sea trials and pre-deployment preparations before returning to Yokosuka, Japan.George Washington was commissioned July 4, 1992, and is the fifth of the Nimitz-class aircraft carriers. Aircraft carriers exercise the Navy core capabilities of power projection, forward presence, humanitarian assistance, deterrence, sea control and maritime security.[mappress]Naval Today Staff , May 17, 2012; Image: navy USS George Washington Completes Sea Trials May 17, 2012 Back to overview,Home naval-today USS George Washington Completes Sea Trials View post tag: Washington View post tag: USS View post tag: Georgecenter_img View post tag: completes View post tag: sea View post tag: trials Industry news Share this articlelast_img read more

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UK: Employees from BMT Defence Services, BMT ARGOSS to Embark on Challenging Journey

first_img View post tag: ARGOSS View post tag: Embark View post tag: BMT View post tag: Naval Back to overview,Home naval-today UK: Employees from BMT Defence Services, BMT ARGOSS to Embark on Challenging Journey View post tag: News by topic View post tag: Navy View post tag: services Training & Education View post tag: Defence Two employees from BMT Defence Services and BMT ARGOSS, subsidiaries of BMT Group Ltd, are set to embark on a challenging journey which will see them make an epic motorcycle ride from Bath, UK to Gdansk in Poland.With the trip fully funded by the two riders, all donations and sponsorship raised will go directly to two local care centres for premature and ill babies – the Neonatal Intensive Care Unit (NICU) in Bath and Polskie Stowarzyszenie na Rzecz Osob z Uposledzeniem (PSOUU), The Polish Association for Persons with Mental Disability in Gdansk.Covering a staggering 2,500 miles, both Ian Fraser, Director at BMT ARGOSS and Brian Welsh, Principal Electrical Engineer at BMT Defence Services will begin their journey on 17th August 2012 and look to finish their ride the following Sunday 26th August.  The route will take them through Belgium, Holland, Germany and finally into Poland experiencing all sorts of demanding weather and road conditions. Ian Fraser comments: “Inspiration for this trip came from my three year old son who had to spend a week in the NICU following his birth.  Despite undertaking many motorcycle trips around Europe on a variety of machines, I am excited to take up this new challenge and raise as much money as possible for the two organisations.”The NICU in Bath combines advanced technology and trained healthcare professionals to provide specialised care for new born babies. The PSOUU in Gdansk provides equalisation of opportunity for people with mental disability by providing parental support through to creation of opportunities for people with mental disability and their families.[mappress]Naval Today Staff, August 14, 2012; Image: BMT August 14, 2012 View post tag: Challenging UK: Employees from BMT Defence Services, BMT ARGOSS to Embark on Challenging Journey Share this article View post tag: Journey View post tag: employeeslast_img read more

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High-Speed Vessel Swift Completes Weeklong Visit to Lagos, Nigeria

first_img High-Speed Vessel Swift Completes Weeklong Visit to Lagos, Nigeria View post tag: Navy Training & Education View post tag: High High-Speed Vessel Swift (HSV 2) completed a weeklong visit to Lagos, Nigeria, in support of Africa Partnership Station (APS) 2012, Aug. 24.During the visit, Swift conducted several classroom and field training engagements with Nigerian service members, hosted a health fair, and held a reception for the U.S. ambassador to Nigeria.Capt. Richard N. Soucie, commander, Task Force 63, said that visits such as this helps to promote partnership and interoperability between African countries.“Maritime domain awareness has been an issue at the forefront of our visits to Africa,” said Soucie. “This serves as an opportunity for us to get together and work on common issues, and it’s very exciting because we have numerous people and trainers aboard Swift who interacted all week with the Nigerian people as well as the Nigerian navy.”Terrence McCulley, U.S. ambassador to Nigeria, commended the crew for their partner-building training and their community outreach efforts during their visit.“I’m delighted to have Swift in Lagos,” said McCulley. “I’d like to thank the Swift team for their efforts in demonstrating partnership between the U.S. and the Nigerian navy. They showed how effective our military can be.”Local military officials said they valued Swift’s visit. “This visit strengthened our relationship as we sharpened our skills and ready ourselves to turn our attention back to the sea,” said Commodore HM Babalola, Nigerian navy.Upon leaving Nigeria, Swift will continue its APS deployment, making several more stops along the West African coast.APS is an international security cooperation initiative, facilitated by Commander, U.S. Naval Forces Europe-Africa, aimed at strengthening global maritime partnerships through training and collaborative activities in order to improve maritime safety and security in Africa.[mappress]Naval Today Staff, August 26, 2012; Image: US Navy View post tag: News by topic Back to overview,Home naval-today High-Speed Vessel Swift Completes Weeklong Visit to Lagos, Nigeria August 26, 2012 View post tag: Nigeria View post tag: Navalcenter_img View post tag: Visit View post tag: Lagos View post tag: Weeklong Share this article View post tag: vessel View post tag: speed View post tag: completes View post tag: Swiftlast_img read more

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European amphibious exercise Emerald Move 2106 concludes

first_imgBack to overview,Home naval-today European amphibious exercise Emerald Move concludes in Italy Authorities European amphibious exercise Emerald Move concludes in Italy View post tag: Italian Navy October 14, 2016 View post tag: amphibious assault European naval ships and personnel spent the last two weeks honing their amphibious assault skills during the Italian-hosted Emerald Move 2016 which concluded today.Emerald Move is organized by the European Amphibious Initiative (EAI) while the Italian Navy was in command of the 2016 edition of the exercise for this year.About 4000 men and women engaged, 8 ships, 1 submarine, 9 aircraft AV8B Plus and 18 helicopters were under the control of Italian Navy Fleet Commander, Vice Admiral Donato Marzano while the Cagliari Naval Base provided logistic support.Amphibious forces developed interoperability and integration in the waters of the Tyrrhenian Sea and the Sardinian ranges of Capo Teulada.The exercise is scheduled to take place every five years.European Amphibious Initiative (EAI) was formed by five EU nations, France, Italy, the Netherlands, Spain and the UK, in 2000. The aim of this organization is to strengthen the interoperability of European forces and optimize and improve European amphibious operations capabilities through training and exercises.An interesting feature of the exercise was the participation of the Italian elite commando frogman force COMSUBIN who made use of the newly commissioned Todaro-class submarine Pietro Venuti. The picture above offers a rather rare glimpse of the submarine fitted with a swimmer delivery vehicle (SDV).SDVs are used by special forces for the delivery of divers during covert operations and battles. View post tag: COMSUBIN View post tag: Emerald Move View post tag: EAI Share this articlelast_img read more

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