Admittedly it’s something usually the preserve of property market geeks (like us) but there is a figure published each month that you should take note of when choosing which agent and indeed which type of agent to sell your home.
That figure is the sales v sold ratio that the Royal Institution of Chartered Surveyors releases as part of its regular survet of its estate agency members. It demonstrates the number of homes that an agent has sold in comparison to the amount of properties that he has for sale in total. It is a very good indication of ability.
In fact a recent survey that Emoov.co.uk carried out of a particular town showed a huge variance between several agents with some selling a quarter of their overall stock and some just 10%. That’s a gap that you need to know about when deciding who to instruct.
The latest RICS number for March sits at 23.3% across several thousand High Street estate agency members.
Proof that you don’t get what you pay for.