Has anyone used Foxtons introduction 0% sale fee (Lounged)

[rogertebbutt5k]

has anyone used foxtons in east dulwich has any one got any good/bad advise

[Asset]

sorry to be sarcy on your first posting - but you are joking aren't you?

someone more tech than me may be able to link one of the several threads discussing the dreaded Foxtons.......

[rogertebbutt5k]

oh i though there was a catch thanks

[*Bob*]

The catch is that you have to use Foxtons.

In seriousness though, it would actually be good to hear from people who have taken-up the offer, many of whom will be regular readers of this here forum. I suppose they wouldn't dare own-up for fear of being pilloried.

[Quaywe]

I've not used the free intro offer but have spoken to them about organising a short term/corporate rental for my house during the winter. They sounded very positive about being able to let it however don't they all. All in all it's been nice dealing with them so far from a customer service point of view, but their fees leave a little to be desired.

Short hold Tenancy (6-12 months): 17%+VAT for their fully managed service

Short let/corporate let (month on month): 26%+VAT

Additional to these fees is the Foxtons killer ?320+VAT fee for writing up a lease (downloadable from the web for ?10) and doing reference checks (?22 using a web based company, free if you do them yourself). This fee applies to each new tenancy.

Now for the short term let I'm more than happy to pay those prices based on what they think they can rent it for but it remains to be seen if that's just Estate agent sales talk or reality. I suspect it's the latter. As for the 17% that's 2% more than the most expensive agent on LL which I think it both Haart and Bushells @ 15% (though haart are negotiable).

So these prices aren't unexpected, that's Foxtons after all and it's what we expect of them, and what is ultimately going to drive prices up even further in ED. I'm really interested though to see if the rental values they are quoting me are realistic, considering they are about 11.5% higher than the best price I was quoted by Bushells. Somehow I suspect they are not.

[Loz]

I have them coming in next week. I intend to read the contract very carefully before proceeding. 0% is attractive, but if the tie-ins and/or contract terms are unacceptable then they'll be given the heave-ho.

Shall report back on my experiences.

As for using Foxtons by landlords, all I'll say is have a good look through Google...

[Jeremy]

EDKiwi... I am surprised that somebody who claims to care about the area would even be entertaining the idea of doing business with Foxtons!

[Alan Dale]

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[Quaywe]

Please give me some credit Jeremy. I'm only looking at them because I have a specific need for a short term rental while I am out of the country, which Foxtons reckon they are very good at. Other agents in the area have advised they don't really do short terms lets or simply don't have the demand from their clients. I wouldn't dream of using Foxtons for anything else considering their prices (at least not until they proved they really could rent at the top of market prices). If you have any alternative suggestions for short term managed lets I would be happy to hear about them.

[Alan Dale]

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[*Bob*]

What about a bit of paper in a newsagent's window advertising your gaff? (Charged at 25p/week)

[peckhamasbestos]

when I come to sell my property I shall appoint an estate agent on the basis of 2 criteria

the one whom I believe will obtain the best price for the property in the shortest time, given the prevailing market conditions

and whose fee represents the best value in achieving the above.

it may be Foxtons, it may not!

Not really sure what the general problem is with Foxtons, apart from perhaps envy. Regardless you have to admire the sale of the business right at the top of the market!

Anyway, as a vendor ? you have a choice,

As a purchaser, you do not!

[Jeremy]

Kiwi - that is a fair point, if you have researched the options then I retract my snide remark!

Alan - I know that you think Foxtons is great for the area, others of us disagree. Especially those of us who appreciate the individual character of the area.

peckhamasbestos - this has already been done to death, I can assure you that I am not "envious" of any Foxtons client or employee! I personally disapprove of their brash image, sales techniques, treatment of tenants - amongst other things.

[DaveR]

Currently on Foxton's website - apartments in:

"Rye Lane,

Dulwich Village, SE15"

[Brendan]

What!? I'm going to start telling people I live in West Nunhead!

[TJS]

I saw that Dave R , shocking isn't it...those properties are snack bacnk in the middle of peckham rye.

[Andyng]

Ive avoided using them as the offer seems too good to be true.If they put your property on

the back burner and say in the new year your property hasnt sold theyll charge you 3%

They cant be doing all this 0% for nothing.Thats my opinion

[lozzyloz]

As long as they don't mix us up with SE5 then I'm happy, however I cant find "snack bacnk" on Streetmap?!

I'm sure the 0% offer is a good one. If you're selling and you want max price and least cost why not take advantage. Whether you like 'em or not they have good marketing and will attract the type of punter that wants to live in ED (ie cant afford the other areas further West).

[Alan Dale]

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[lozzyloz]

Absolutely no reason at all (I like SE5) apart from the fun of reeling you in Alan :)-D

[Alan Dale]

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[snorky]

0%^ commission ? that wont keep the foxtons crew in square toed shoes will it ?

[ladyruskin]

They also have Denmark Hill as SE3 on their website (which is Blackheath!!)

[Recuerda]

The 0% offer lasts for 12 weeks.

[paps]

I think I?m correct in saying this:

Yes the 0% offer may last for 12 weeks only BUT the other thing you need to consider is your potential buyers see your property through Foxtons yet can not come to terms in handing all that cash over to them - if after 12 weeks they do not sell your property and another agent takes it over for example Ludlow (I think out of all the M.A.N.Y estate agents on Lordship Lane these guys are the best!!) and they show you the same potential buyers you have to sell via Foxtons!

If you are going to put your property on with Foxton?s you need to remember as sellers people hat Foxton?s but as buyers you hate them even me as you are giving them your hard earned money!!

Think very carefully before signing up with them is all I say!