Episode 5 Under Offer: Estate Agents on the Job


Episode 5

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Selling houses is not easy. You are dealing with the most expensive

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thing people ever buy. There are more of them than ever before. A

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square foot can be worth ?3,000. Many of us say they are our least

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favourite professionals. The customer is always right, aren't

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they? No. We turn to them at most of life's most stressful moments. I

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can't control it. You can't control it. Yes, we're off. They are the

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estate agents. You get a better response if you are a mass murderer!

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This series goes behind closed doors across the UK with the agents... It

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needs everything doing do it. And their clients... Gary takes us to

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the streets of London's super rich. My firm has recently sold our houses

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of let's say ?40 million to ?60 million. It is knockdown prices with

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Liam in County Durham. It went to auction with a starting bid of ?1.

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When I tell them they are not getting it, they will come back with

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another ?500. In London's cheapest borrow, Dagenham, Caroline, Andy and

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Darren. They had a bonfire in the front room here. This is ridiculous.

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With unique access, we will learn the tricks of the trade. I class

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that as a wet room. Find out what's really going on in the UK's crazy

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property market. I'm rather hoping that the bankers might have taken

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our place at the bottom of the pile by now!

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The royal Borough of Kensington and Chelsea is the address of choice to

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some of the world's richest home-owners. With an average flat

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amongst its boutiques and bars costing an eye watering ?1.6

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million. Estate agents Estate agent Ed Mead works this super rich

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enclave where the desire to live on the right street means anything

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where the roof can fetch, big, big money. The garages came on the

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market for sale. A garage like that you normally expect to get ?200,000,

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it is a lot of money, but around here when the houses are between ?7

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million and ?20 million, that's not a huge amount of money. Two of the

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residents decided they wanted to have a battle to buy it and ended up

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pushing the price to over ?600,000. There maybe ?500,000 parking on Ed's

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doorstep. These houses don't sell themselves. Rarely do I recommend

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anyone to accept an offer on a Friday. Buyers have remorse over a

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weekend. If they are going to get an offer accepted make sure it is at

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the beginning of the week. If you asked me what you need to be good at

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this job, it is the ability to use your ears in proportion to our

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mouth. You need to listen twice as much as you talk. That's why at

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Douglas Gordon we employ more women because they are better at

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listening. There is no macho stuff. One such woman in Ed's office is

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Eileen Neville who always has her eye on the prize. We've got two

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buyers in a situation where they are going to go for it. He is going to

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lose buyers by being a bit stupid. I love working here. I want to get out

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there and carry on selling. You will always sell something. You just need

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to get the offers on it. He knew you were getting a best bid this

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evening, yeah? I come from a relatively big family.

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The family business is jewellery. We were working since we were about 12

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in the shops. Even at Christmas I still go home

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and work in the shop. You always had the sales environment which is

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amazing. The guys have done this, we have worked with them before and

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they always do a really, really good finish. Eileen is one of Ed's star

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negotiators selling ?132 million worth of properties in the la two

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years alone. It is only 800 square feet, but it feels comfortable. We

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have a basic salary. And then every six months, we have got to hit over

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?190,000 worth of commission and once we do that, we get 20% of

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everything over that. You could be on a good month, Sophie. You are

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here to sell and achieve your targets. If you don't achieve your

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targets, you will be called in for a chat. You get warnings and you might

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be gone. It is early autumn. Traditionally a

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time when the housing market surges before the Christmas lull. Keen to

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hit her sales targets before the market goes quiet, Eileen is

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prepared to take on a building site on sought after Britain Street. We

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are in a new flat. This is as you can see, nowhere near finished. I'm

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going to try and not kill myself! OK, so, over here is the

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open-planned kitchen, eating area. This is the bathroom. Moving the

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toilet and everything over to that side. Giving us more space for a

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separate shower which is always quite nice because girls like baths

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and boys like showers. This will be our biggest challenge because we're

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trying to get the best price, but we're showing them this. A lot of

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imagination is required. Within spitting distance of the world

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famous King's Road, properties here don't come cheap. Develop ers target

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Chelsea because wealthy buyers mean quick sales and big profits, no

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matter how small the property. He is converting it into a one bed. It is

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about 360 square feet and it is coming on to the market about

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?625,000. At ?625,000, this modest flat is less than half the size and

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more than double the price of an average British family home. This

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bit here, that's probably the bones of a square foot. That bit there is

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going to be about ?1800 to ?1900 on this street. Outside space? No.

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There is no private outside space. Nearly a quarter of Eileen's work is

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with developers who see London's lucrative market as a pot of gold.

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Overseas buyers are battling to invest in London property. They pay

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whatever it takes, keeping supply low and prices high. Stock levels

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have been low for ten years. Demands have remained high. Whereas stock

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has gone... While at Chelsea, a square foot costs ?1900. A Tube ride

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away in Dagenham, you will only need ?250,000, one of the reasons why

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this part of town is booming. What prices were they? There is a real

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bubble in Dagenham. Battling for business here is Darren Griffiths

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who set-up his no-frills agency five years ago with his mate, Andy. The

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current owner is a tenant. Alongside them, single mum, Caroline, their

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sales and lettings negotiator. If I flash a bit of boob. I might have to

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flash a bit of leg. Will that still work? I don't know. It depends if

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you are a boob or leg man really, I suppose. Over the years, Darren has

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become hardened to plying his trade in an industry most people love to

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hate. It is deeply engrained in people's psyche that estate agents

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are all scum apparently. Caroline, is the keting the silver -- kettle

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the silver thing? People think we sit here all day and we are off for

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our round of golf, make a call, make ?50,000 and be home for tea and

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that's it. Come on! It is like, one of these guys with plates balancing

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on loads of sticks. You are trying to keep them all spinning and hope

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too many don't fall off. All I want to do is click on a bleedin' map! It

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may only be 16 miles from the properties of Central London, but

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Dagenham is the cheapest borough in the capital to buy a house. Lots of

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housing stock. Good transport links. And the Olympic effect have created

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a bubble and properties are shifting fast. If you don't sell a property

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within 48 hours, there is either something wrong with it or the price

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is too high or both which is madness really. Six or seven months ago, if

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you got ten viewings in the first fortnight, that was really, really

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good. Now, if you haven't got ten viewings within the first day, you

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are starting to worry. While doing up properties here, may not fetch

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Chelsea prices, the Dagenham effect has tempted out home-grown

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developers. Let's have a look around. It is a year-and-a-half

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since I sold this place. Serc is a budding property mogul. He has found

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a good short cut to making money in the housing game. I like the

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kitchen. That's a lot better, isn't it? Wow, that's a big difference to

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what it was before. I got it stripped out. That's good, sant

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isn't it? It was just two years ago that Serc bought this flat through

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Darren for ?106,500, he is keen to sell it for ?20,000 more. There are

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some agents that use cameras that make rooms look huge and that's

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wrong because we are guided by the property misdescriptions Act and you

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are not supposed to falsely advertise a property which in my

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opinion, some of these cameras do because they make rooms look huge.

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The art is to get everything in so you can form a judgement of a room

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without it appearing bigger than it actually is, but trying to get it in

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its best light. Everything else is the same. The layout is the same.

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New carpet, switches and sockets. Serc has got the knowledge on how to

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make dosh and it seems it runs in the family. I have got this one and

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one down the road and my mum has one down the road and another one in

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Romford and just put her house up for sale. We have got to get you the

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best price. Serc is hoping his revamped kitchen and DIV efforts

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will bag him ?130,000, ?10,000 more than Darren thinks it is worth. We

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are pushing the price a bit, but if ever we were going to get top price,

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the market is now really. Serc's cosmetic changes to the flat could

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bring him a healthy return. This is the before and after. That's how the

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kitchen was before. Same work top, same washing machine. I think the

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units are the same. I think he has been clever. It looks like a

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brand-new kitchen. This will be a good proof of how much afbubble we

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are in if this goes under offer at full asking price, it confirms that

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people are buying pretty much anything, at any price to get on the

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ladder in case it goes up even more overnight.

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In the rolling hills of the Cotswolds, thatch equals cash. And

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having roots in the community matters. I've lived here a long time

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in this part of the world. I've got to know it well. You've got to like

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the place and you've got to know it. It is about knowing the patch, I

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think. I think that's important. In the English market town of Chipping

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Camden, resides English country gent and estate agent, Mark Annett. I

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drove it down to Devon a month ago. I did the Torbay Run. I used to do

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it with my father when he was alive. I used to be the Mayor of Chipping

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Camden. I wore the red robes and the hat and the chain. I used to ponce

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about! It gives you access to a lot of people in the community. We're

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going to have a cup of tea. Cake. You won't get that in London! This

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is all special stuff here. By the time you got the loud shirt on and

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the braces and the suit and got the Morris Eight started, well, you have

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got a profile, haven't you? Whatever that profile is.

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LAUGHTER Working alongside Mark, is his

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faithful assistant Marion. Carrot cake. Isn't that lovely?

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That's just the job, isn't it? Do you think there is any other estate

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agents that turn up to jobs in a Morris Eight? Mark is unusual in

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many ways right down to his socks. That's all part of the fun!

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The rural charm of the wots colds appears to tourists and wealthy

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second homers. I was in the US recently and some people that I met,

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who know Chipping Camden, they called it "fairy land" it is what

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they perceive to be Englishness. Buying in this chocolate box village

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can take a while and cost plenty. We are selling terrace houses in the

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high street at ?1.5 million. One such property, just doors away from

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Mark's office, is a five-bed town house with stunning walled gardens.

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Mark has just sold the property for ?1.1 million. He has come round to

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help with the inventory. It has the windows at the back. A lovely house.

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A privilege to be able to see it. I think it's lovely. Look at the

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butterflies. Lovely, isn't it. 86-year-old, Audrey, has lived at

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the property for 19years. She has finally accepted it's time to

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downsize. She can no longer maintain the spectacular garden as she would

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like. It has been frustrating because I can't prune or cut or

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dead-head things like that any more. With the sale complete. By rights

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Mark's work is done. Mr Community is going all out to see Audrey safely

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through the move. Do you think what you do with Audrey is what every

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estate agent does with their client? . I enjoy going the extra mile. The

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knock-on effect is it's good for the business. I will leave that. I find

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there are less, certainly in the business world, there are less

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gentlemen compared with a few years ago. We will leave you in peace. I

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hope it gets you a few more customers! Thanks, Audrey. OK, dear.

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I'd like to think people could trust me. I think that's important. And,

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in terms of doing this job, yeah, I go around and look people in the eye

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and say - trust me, I'm an estate agent. Mark doesn't just sell houses

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on his doorstep. His patch covers three counties. Next to a valuation

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in rural Broad Camden, 36 years in the area, he knows the market inside

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out. I know this house well. I sold it on three separate occasions in

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one life or another. So, I've seen it sort of evolve, really. Mark,

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valuing these unique properties is more about the heart than the head.

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It's based on opinion. It's not a science. I think it is an art, to

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some extent much you get a feel for it. That's lovely. I'm not selling

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modern boxes on estates where there are 50 houses and they are all the

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same, except one has a red door and one has a blue door. Quite honestly,

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selling them will be the same whether it's No 43 or No 20. For us,

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the houses are all different. David and Judith Butterworth have owned

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their large dream home for five years. In one way we don't want to

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leave. I think it's more our - will our health catch up with us, is the

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reason. You want to maintain a nice garden and be able to do the garden

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yourself. A lot of work involved to keep it to this standard. Lovely,

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quintessential Cotswolds, England. They won't get you here. Even the

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splendour of the Cotswolds property market is not immune to economic

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uncertainty. Mark prices accordingly. Right, value. What is

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this one worth? I don't think it's quite up to ?1.3. I think it's

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probably around ?1.2. Yes. That is my view. This is when you say, Mark,

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but that one down the road is awful. ?1.35. I mean, at the end of the

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day, all these prices, it remains to be seen, doesn't it. The proof of

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the pudding is in the eating really. See you soon, David. OK. Having read

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the news about an upturn in house prices, Mark's ?1.2 million

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valuation hasn't convinced the Butterworth's. I shall probably

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advertise it a little bit more than that because I think the market,

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certainly on the increase. This business of pricing and valuing, it

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can be difficult. You want to just get the figure right. It isn't about

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pleasing people, it's about trying to be honest and straight-forward.

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Yeah, you can get it wrong. I mean, we are only human. You just want to

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be right. The Butterworth's decide to hold off putting their house on

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sale until later in the year when they hope prices will be in the

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house. Contradictory reports about the market frustrate Mark. It's all

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a muddle, it strikes me. People... People are cautious as

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a muddle, it strikes me. People... You've got them saying that there

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will be a property bubble and prices are

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will be a property bubble and prices is. Five minutes ago, we

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will be a property bubble and prices Flats and houses are selling like

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hot cakes. Great for small Flats and houses are selling like

:20:15.:20:20.

hour. Darren Flats and houses are selling like

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whilst he was sat at his desk typing Flats and houses are selling like

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it up, 10-15 minutes later, sold, subject to contract!

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it up, 10-15 minutes later, sold, after Darren took

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it up, 10-15 minutes later, sold, ?130,000, Caroline has already got

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the first viewing. I will meet the own and hopefully the buyer. Hello,

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just me. There is a problem. Caroline's viewers have arrived

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ahead of her. They have tried to get Caroline's viewers have arrived

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Serc to drop the price by ?5,000, knocking it below the stamp duty

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threshold. You are interested in the property. You don't want to pay over

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the stamp duty. When it comes to negotiating, he can't take a

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penniless than ?130,000. Stamp duty kicks in when a house sells for over

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?120,000. All negotiations go through the estate agent. It is

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their decision in the end. They have gone to have a look. Or go to talk

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to the owner without me being there. Byers tried to cut the estate agents

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out of the equation. They grind me! If they were talking to them in

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private about me being there he will bring the price down. They can

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negotiate. Despite me telling them that ?130,000 is the bottom line. I

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want to be up here. Serc is holding out for the full asking price of

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?130,000. He needs Caroline to get it. I don't think I can accept that.

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No. I think they seem if they spoke to you in private they could bend

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your arm. I can't do it. I think there will be a few more offers

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other than them as well. Attempting to cut agents out of the deal can be

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a common problem. It's a bugbear for Caroline. That's why people get

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estate agents to sell their homes. They don't want that awkward

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conversation in their home with somebody trying to haggle. The

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agency stands to make just over ?1,000 on Serc's flat. If they want

:22:33.:22:40.

it for about ?5,000 or ?6,000 left on the market, my fees aren't ?5,000

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or ?6,000, so knocking me out of the equation won't make a difference.

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With a house lined up to buy, Serc decides, 48-hours later, to go for a

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quick sell, accepting an offer of ?124,995, under the stamp duty

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threshold. ?5,000 less than the asking price. It's another speedy

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deal for Darren and the team. The sign of a good year.

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In County Durham it's another story much the area has experienced the

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worst price drops anywhere in the country since the crash. That means

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less profit for the agents. Right. Let's have a look. Oh, heavens

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above. I mean, there is probably about 93 hooks. Eight miles outside

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Durham Lynn manages Robinson's Estate Agency. She is shifting the

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stock, but achieving the asking prices is a difficult business. Not

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an easy marketplace to work in. It's very, very price led. There is a lot

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of houses available. A lot of repossessions, a lot of new build.

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It is very, very hard. For Lynn, selling houses here requires

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dedication tenacity, humour and crucially the estate agents survival

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kit. You have to look your best when you are with customers. You have to

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smell nice. From time to time when you go into some, shall we say,

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undesirable houses that aren't in good condition, the smell of the

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house can linger on your clothes. Hence the perfume. When you are in

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there for quite some time and touching things, sanitiser, that is

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what you need. I end up with 3 o 0 plus bites on my legs and stuff like

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this. -- 30. A flea spray is carried in the car with elastic bands much

:24:45.:24:49.

you can put them on the bottom of the trousers to stop the little

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mites crawling up your legs. First up a former repo snapped up to let

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out. Right. We are here to do the inventory on this property. Found

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cannabis in houses before. Did you find the plants? Yeah! I could smell

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it. I knew what... I knew what they smelt like. Actually, we had - we

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did have a dead body in a house. A number of years ago. When the

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locksmith went round to change the locks, and he opened the back door,

:25:28.:25:38.

there was a dead body in the lounge. Pretty it didn't have a dip on the

:25:39.:25:44.

dashboard. Lynn lived around here all her life and prides herself on a

:25:45.:25:54.

friend atmosphere with her clients. She is my son's old teacher. She

:25:55.:25:59.

recognised me from school. That must be 20 years ago. I remember him.

:26:00.:26:05.

Cried every morning. I used to know her so well, she used to bring him

:26:06.:26:11.

into the classroom. I'm doing your floor plan. Yes. We will get your

:26:12.:26:16.

photographs done. It's important to adapt to the client that you have

:26:17.:26:19.

actually got. You know, whether or not you have a little first-time

:26:20.:26:24.

buyer. Little old lady. A lot of time, once you get talking to

:26:25.:26:27.

people, you end up with a connection with them about something. There

:26:28.:26:32.

will be a copy for you. There is only her unfortunately now. Her

:26:33.:26:37.

husband passed away. Recently widowed, Jackie is wanting to

:26:38.:26:41.

downsize to a bungalow, from the house she has called home for the

:26:42.:26:46.

last 28-years. Since I lost my husband I'm rattling around in here.

:26:47.:26:52.

I was ready to move as soon as she died. Everybody said - it's a bit

:26:53.:26:56.

soon, Jackie, just wait. I don't think I have properly ever grieved

:26:57.:27:01.

and things. A big part of him is in here. Half of all homeowners

:27:02.:27:06.

thinking of selling want to downsize with the cost of living and

:27:07.:27:11.

retirement the main reasons. Moving out of here, we'd been married

:27:12.:27:17.

40-odd years. You can imagine, it's frightening. An average house in the

:27:18.:27:22.

area sells for around ?120,000. Lynn knows this house is unmodernised.

:27:23.:27:27.

That price will be hard to achieve. Things we look for when we value a

:27:28.:27:32.

house is location, condition. Does it have a garage? Is and, we look in

:27:33.:27:40.

the region of ?110,000 and ?115,000. We need to confirm the price when I

:27:41.:27:42.

go back down stairs. Jackie's neighbours are trying to

:27:43.:28:04.

get in first. Well, let's see what we can do for you. Did you hear that

:28:05.:28:08.

knock at the door. Someone wanting to view it? When? He knocked and

:28:09.:28:16.

said, "Jackie how much is the house? " I said, "I don't know ?107,000 or

:28:17.:28:30.

?109,000. ." He said can I view, I said "later today." I told him

:28:31.:28:41.

?109,000 or ?109,000. ?110,000 to ?115,000. You look after yourself. I

:28:42.:28:46.

will see you later. I think it will go quickly. It's priced sensibly.

:28:47.:28:51.

It's lovely and clean. And, you know, we discussed and Mrs Johnson

:28:52.:28:56.

knows it needs a new bathroom and the kitchen isn't as modern as she

:28:57.:29:00.

would like. We have priced it to sell. In an area where ?110,000

:29:01.:29:10.

won't buy you a garage. We need keys, guys. Chelsea agents are off

:29:11.:29:16.

to value a recently redeveloped studio. We are all in black today.

:29:17.:29:24.

Like the Men In Black. All new instructions are viewed by the whole

:29:25.:29:28.

team. Then it's a race to see who can find a buyer first. Located

:29:29.:29:37.

around the corner from Sloane Square. The location is amazing. The

:29:38.:29:41.

fact it's brand new. A lot of clients are foreign. Perfect. Can't

:29:42.:29:46.

be bothered to do the work. They don't live here. This studio flat is

:29:47.:29:51.

selling with just a 60-year lease. After that the buyer has to pay more

:29:52.:29:55.

money to renew it or leave. So, Eileen and the boys have priced it

:29:56.:30:01.

to sell, at ?475,000. Cheap for Chelsea.

:30:02.:30:09.

Hamp Hamptons New York. The developer has been developing

:30:10.:30:16.

properties here for the last three years. He knows how to make the

:30:17.:30:22.

wealthiest wallets open. The people that can afford to buy the ?500,000

:30:23.:30:29.

room, they are expecting top of the range. We put down under scoop fler

:30:30.:30:35.

heating and wut -- underfloor heating and a wet room and as high

:30:36.:30:41.

end without covering it all in gold. There is money to be made as long as

:30:42.:30:45.

you know what you are doing. My goal is to make 10% net after a sale. He

:30:46.:30:53.

may want 10%, but if the flat goes for ?475,000, he stands to make more

:30:54.:30:57.

than double that, well over ?100,000. Now, the three agents will

:30:58.:31:05.

fight it out to find a buyer. Am I competitive? Yes, you have got to be

:31:06.:31:10.

otherwise, what's the point? If I had an offer against Patrick or

:31:11.:31:16.

Nick, I would do anything I could to get it.

:31:17.:31:24.

Back in Dagenham, father of two, Darren is trying to get out of the

:31:25.:31:31.

house to start another busy day. Here is the first one. Come on,

:31:32.:31:34.

darling, you have got to start eating, baby. She is so not a

:31:35.:31:40.

morning person, this one. She takes after the wife! Jack of all trades,

:31:41.:31:46.

Darren has tried his hand at most things, bailiff, delivery driver,

:31:47.:31:49.

Darren has tried his hand at most and carpenter, a never ending quest

:31:50.:31:52.

for job satisfaction. If you are doing a job that you love, I think

:31:53.:31:56.

you're lucky. It is a job that I'm good at. I look back when I was

:31:57.:32:01.

younger and some of the jobs I've done and often I had no money and

:32:02.:32:05.

lived in a council flat that needed everything doing to it. I look back

:32:06.:32:10.

and think, yeah, I have come one million miles from where I was then.

:32:11.:32:14.

I try and forget about work as much as possible when I am at home.

:32:15.:32:21.

That's it nice. Keep facing me, darling. The home and the kids are

:32:22.:32:26.

my release. I look forward to spending time with them. I am happy.

:32:27.:32:33.

I just find it hard to show it! Buying a house is increasingly

:32:34.:32:38.

difficult for many. With more people relying on renting to keep a roof

:32:39.:32:42.

over their heads, this means that half of Darren's business is

:32:43.:32:49.

lettings. I couldn't sleep at night if I just did selling. Lettings is

:32:50.:33:51.

very much the bread and butter. . Darren is not in danger today. The

:33:52.:33:57.

mother and her children are willing to leave. If you are going to the

:33:58.:34:00.

council, you will need to confirm the bailiffs have been in

:34:01.:34:05.

attendance. There is no problem with that, but you need to leave the

:34:06.:34:15.

property today which you want to do. Does it make you feel sad when

:34:16.:34:18.

things like this happen? For the kids, yeah. I can picture your own

:34:19.:34:23.

kids in that position and having the bedroom they had and everything. It

:34:24.:34:27.

is quite sad. Why do you do it then? Because you have to. It is part of

:34:28.:34:31.

the service. You have to be able to look after the landlord's interests

:34:32.:34:35.

and deal with the problems for them rather than the landlords having to

:34:36.:34:40.

do it. Where is she going to go now? To the local housing office and

:34:41.:34:44.

confirm she has been made homeless and been evicted by bailiffs and

:34:45.:34:50.

then start the process of them housing her somewhere. They will

:34:51.:34:55.

probably put her into a bedsit or shared accommodation until they find

:34:56.:34:59.

a property and they will house her somewhere else. Dagenham has one of

:35:00.:35:05.

the highest eviction rates in the country. Being evicted is something

:35:06.:35:10.

is Darren has personal experience of. I have been through that as a

:35:11.:35:16.

kid when my parents had a house getting repossessed with the bank

:35:17.:35:20.

and it is a horrible, horrible experience. We were housed in an

:35:21.:35:24.

ex-council flat. We walked in and there was pigeons in the bedroom and

:35:25.:35:34.

pigeon crucial crap on the floor. It was horrible. It is a few days after

:35:35.:35:39.

the eviction. Darren called in Pearl from the landlords office to conduct

:35:40.:35:44.

her when inspection of the property. I am coming to have a look at what

:35:45.:35:47.

condition the property is in and make a note of everything that needs

:35:48.:35:51.

to be done in order to get it in a nice condition to rerent.

:35:52.:36:00.

Oh my god. I will have to get somebody in. Tricky tenants are all

:36:01.:36:07.

in a day's work for Pearl. We have had a property once where they

:36:08.:36:12.

stripped that property of everything and I don't mean moveable things, I

:36:13.:36:18.

mean unmovable things, sinks went, radiators went, the kitchen went.

:36:19.:36:21.

The showers were ripped out of the wall. They tried to remove the

:36:22.:36:28.

toilets. They even took the water tank from two floors up. 2 21,000 it

:36:29.:36:36.

took to refurbish that place again. Oh my goodness. My boss hasn't had

:36:37.:36:48.

any rent on this property for over six months. I think it was rented

:36:49.:36:53.

out at ?650 a month. Multiply that by seven and then you know, plus

:36:54.:36:58.

what it is going to cost him to refurbish this place. It is not just

:36:59.:37:02.

damp that's the problem. On closer inspection, there is a nasty

:37:03.:37:08.

surprise lurking. How can they live in a place with cockroaches like

:37:09.:37:13.

that with children and not tell anybody?

:37:14.:37:19.

This is not the kind of thing that the landlord would not do something

:37:20.:37:21.

about if he was told about it. Chelsea SW3, 16 miles from Dagenham,

:37:22.:37:39.

but worlds apart. You know I'm married. There is very little chance

:37:40.:37:43.

you have got with me. It is five days since the three-way battle

:37:44.:37:49.

commenced on the flat and no prizes for guessing who won. How is the

:37:50.:37:56.

battle going? Rvingts Who is winning that one? I won that one. Eileen's

:37:57.:38:07.

buyers had their offer of ?470,000 accepted, ?5,000 below the asking

:38:08.:38:11.

price. The particular buyer that's buying it lost out on three

:38:12.:38:15.

different properties. So she was kind of, she was the perfect buyer.

:38:16.:38:19.

She has come in and given proof of funds and has her solicitor's

:38:20.:38:23.

details and offered a really good offer and she can exchange within

:38:24.:38:28.

two weeks. Eileen is not the only one delighted with the speedy sale.

:38:29.:38:37.

Gem make big bucks -- Gem made big bucks. I am happy to sell it at

:38:38.:38:43.

?470,000. He made 23% or in real money, ?102,000. No wonder he is

:38:44.:38:54.

such a happy chappie! Eileen struck gold with Thackery Court. She has

:38:55.:39:03.

had no offers on the building site. She is off to check on its progress.

:39:04.:39:09.

The electrics. The kitchen and the flooring should be done. I'm hoping

:39:10.:39:13.

that's going to be the case. I'm really pleased with the bathroom. He

:39:14.:39:21.

has go got these really funky tiles. Plenty of space in the bathroom. I'm

:39:22.:39:25.

really pleased. In Chelsea, every inch of space counts, but to

:39:26.:39:29.

maximise profit, developers need to be creative. How this works OK, you

:39:30.:39:36.

have got this door which during the day, during the evening sorry, you

:39:37.:39:40.

will close over and this will be your bedroom. During the day, what

:39:41.:39:44.

you will do is you will close it this way so this then becomes your

:39:45.:39:48.

living space which looks awesome. It seems to be a good kitchen

:39:49.:39:54.

installed. Fridge freezer here. We have got a dishwasher here and

:39:55.:40:03.

washer-drier there. From building site to one bed luxury pad and

:40:04.:40:09.

despite a price tag of ?625,000, Eileen is confident it will be

:40:10.:40:16.

snapped up. Hopefully ?630,000. I was holding them off until it was

:40:17.:40:21.

more ready. Yesterday, the lights weren't in. I wanted to make sure

:40:22.:40:26.

they saw it at its best. For those who can afford to live

:40:27.:40:32.

here, cost is not the issue. The main selling point is location.

:40:33.:40:36.

Location, location, location, it is unbelievable. It is a lovely tree

:40:37.:40:41.

lined streets, beautiful buildings and you are right in the centre of

:40:42.:40:45.

London. With prices so high, it is an area most of us can only dream

:40:46.:40:54.

of. Do you want to live in Chelsea? No I don't think so. I love the

:40:55.:41:41.

area, but I I'm going to take the details and photographs so that I

:41:42.:41:48.

can work the brochure. I am not sure about taking pictures with the fairy

:41:49.:41:55.

lights. You don't want people to think it is Christmas. Despite slow

:41:56.:42:00.

sales in the area, if they can find a buyer, the owners could make a

:42:01.:42:06.

tidy sum. We bought it in 2007 for ?615,000. Just about top of the

:42:07.:42:17.

market. Mark valued it at ?695,000. If we get near the asking price, we

:42:18.:42:23.

will come out on top. ?80,000 in six years may delight them, but a 13%

:42:24.:42:28.

increase is small fry compared to three times that seen in Central

:42:29.:42:32.

London over the same period. In this house, one of the best features are

:42:33.:42:41.

the views both front and back. How many pictures do you take? It is

:42:42.:42:45.

lovely. With the kids gone, it is time for a change. It is more of a

:42:46.:42:49.

family house than just the two of us. If we stayed here, we would look

:42:50.:42:58.

to down size. We want to buy a place... We want sea views and a

:42:59.:43:05.

beach. House hunters here are buying into the lure of the Cotswolds and

:43:06.:43:10.

want a property to match. Often 50% of the job is selling the particular

:43:11.:43:15.

property that you have got on your books for sale and 50% is selling

:43:16.:43:21.

the area. And selling the area, it is a bit chocolate-boxy, I guess,

:43:22.:43:22.

but it is real. Down sizing is just as important in

:43:23.:43:38.

County Durham where Mrs Johnston is considering a bungalow.

:43:39.:43:47.

Local agent Lynn thinks she found the perfect pad for ?94,500. I will

:43:48.:43:56.

just open these and I will sort out the garage for you. It is beautiful.

:43:57.:44:02.

I would never leave my job because I really enjoy it. I like meeting

:44:03.:44:06.

people. You get satisfaction helping people and when you sell the house,

:44:07.:44:09.

you know, it makes everything worthwhile. Everything was

:44:10.:44:16.

brand-new. Everything, the kitchen, the doors, fireplace, ceilings,

:44:17.:44:23.

lights, everything was new. Houses here are selling at the same

:44:24.:44:29.

rate but average house prices in the north-east are up to ?70,000

:44:30.:44:33.

cheaper. To let you know where we are at the minute. Another girl

:44:34.:44:37.

would like to have a look. We are waiting to get times from her. Yeah.

:44:38.:44:42.

One way or another, the house is going to be sold. This is a lovely

:44:43.:44:46.

room here. I have the garage door open for you. Oh, right. I can see

:44:47.:44:54.

myself living here. You know. Even though it will be - it will be

:44:55.:44:59.

strange. Less housework for you. It is ticking the boxes for you, isn't

:45:00.:45:01.

it? Oh, yeah. Wasn't that nice? It's looking good for Jackie, in

:45:02.:45:21.

Dagenham there is even something to cheer up Darren. I got you cake. I

:45:22.:45:28.

would get excited but I paid for it. No, you didn't I paid for it. It's

:45:29.:45:35.

the agency's fifth birthday. I feel like I've been here forever. A bit

:45:36.:45:41.

like marriage really. We are not doing any work. It's our birthday.

:45:42.:45:47.

# Happy birthday to us... # Make a wish. Don't wish for early

:45:48.:45:54.

retirement. I did! While Caroline is having fun in the office. Darren has

:45:55.:45:59.

to deal with another eviction. I will get an idea in the first five

:46:00.:46:04.

or ten minutes of what is going to happen. More tenants who haven't

:46:05.:46:08.

paid. It's costing him money. It's not just the income, it at grief.

:46:09.:46:13.

The best case is they have gone. The worse case is if they don't want to

:46:14.:46:16.

go. If they have locked themselves into the property, for whatever

:46:17.:46:19.

reason, then you have to get the police involved and force entry and

:46:20.:46:22.

throw them out. It can get really messy. He has been warned by the

:46:23.:46:27.

landlord that the house is in a terrible state.

:46:28.:46:33.

It rough in there. Are you able to drill the locks, get these locks

:46:34.:46:50.

out? ?200, please! Luckily for Darren, the tenants have already

:46:51.:46:54.

gone. They have left him the aftermath. Oh. OK. It's testing his

:46:55.:47:03.

compassion. Don't understand the mentality of smashing the place up.

:47:04.:47:10.

It makes my blood boil. Just worried about finding nice surprises in

:47:11.:47:14.

here. I know the property wasn't great before the people moved in.

:47:15.:47:20.

This is ridiculous. This is just a complete hovel isn't it. Darren

:47:21.:47:31.

charges the landlord 12.5% %. He would love to a the upset. I can't

:47:32.:47:38.

get my head around bugs. It makes you crawl. I hate it with a

:47:39.:47:42.

compassion. My worry is I bring them home. You are scrubbing yourself

:47:43.:47:47.

down, checking your legs, pants and in your hair. Watch your footing,

:47:48.:47:58.

just in case they have left floorboards. Darren has no sympathy

:47:59.:48:04.

for tenants he thinks are "playing the system." Normal if they are

:48:05.:48:07.

housing benefit they know, they are advised by the local council, that

:48:08.:48:10.

if they are going fob to be housed somewhere else, they need to be

:48:11.:48:14.

evicted. They can stop paying the rent. They know what the price will

:48:15.:48:19.

be. It will go to court. It will take four to five months. Then they

:48:20.:48:23.

know that once the eviction finally happens the council will house them

:48:24.:48:26.

somewhere else. They have a lot of rights. It's probably stacked a

:48:27.:48:31.

little bit too far in the favour of tenants. What is that about?

:48:32.:48:37.

Lipstick, kissing the walls? Evicting a family with children

:48:38.:48:39.

involved is horrible. They are bystanders in the process. That is

:48:40.:48:45.

where my sympathy lies. OK. Just trying to get the positives out of.

:48:46.:48:50.

It the radiators are in place. Windows are not broken. It is decor

:48:51.:48:56.

and clearing. Something in here, be careful when you pick it up. Toilet

:48:57.:49:02.

roll with brown stuff on. There is a chocolate sandwich in here as well.

:49:03.:49:13.

That is a chocolate sandwich. It needs everything doing. If the

:49:14.:49:17.

landlord gives the go-ahead today the work will start tomorrow. I want

:49:18.:49:21.

to concentrate on selling, that is where the money is. I get paid to

:49:22.:49:25.

manage people's properties. It is such a small amount in comparison.

:49:26.:49:29.

The amount of time it takes up on your day. Away, lettings is probably

:49:30.:49:37.

65%, 70% every day what we deal with. Check your trousers first to

:49:38.:49:42.

make sure there is nothing alive on me. Lettings are half his income and

:49:43.:49:47.

take up most of his time. Getting dirty is the price he pays to stay

:49:48.:49:53.

in business. Ouch. If I can turn it around in a week-and-a-half, the

:49:54.:49:57.

work. Completed, redone, cleared, cleaned, painted, back on the

:49:58.:50:01.

market. It will rent quickly. The landlord won't be inconvenienced too

:50:02.:50:04.

much and shouldn't be too much out of pocket. This is one of the better

:50:05.:50:07.

outcomes, believe it or not! Unlike Dagenham, the wildlife in the

:50:08.:50:22.

Cotswolds is a major selling point, but Audrey's spectacular town house.

:50:23.:50:29.

Audrey's sale completed. She has got to go. She can't stay where she is

:50:30.:50:35.

now. Anyway, good to see you. I'm glad it worked out. Robin, Audrey's

:50:36.:50:41.

daughter is over from America to help with the big day. I'm terribly

:50:42.:50:47.

sentimental. I'm sad about this. Look at this place, it's amazing.

:50:48.:50:52.

It's a happy house. I'm sad to leave. I have to be a realist. My

:50:53.:50:56.

daughters are worried about me and the stairs. I had to have carers all

:50:57.:51:00.

the time. I really didn't want that. This is it. We're leaving the

:51:01.:51:08.

building. With the area's slow turnover, houses like Audrey's

:51:09.:51:12.

rarely come up. When they do, the highly desirable GL55 postcode

:51:13.:51:18.

attracts big bucks. There is a premium for GL55, which is where we

:51:19.:51:24.

are here, there are people who will pay more for that premium. That's...

:51:25.:51:33.

Yeah, I think they see this as a special place, and they will pay

:51:34.:51:37.

more for it. It's a jolly nice Place2Be. We are very lucky. The new

:51:38.:51:42.

owner, Mr Campbell, certainly thinks he has lucked out. This is the

:51:43.:51:46.

beginning of a new chapter, to be honest. It's our responsibility to

:51:47.:51:49.

look after it and keep it within the character. It's a listed building

:51:50.:51:53.

anyway. We wouldn't want to spoil the character of the house. For

:51:54.:52:00.

Mark's other clients, the Copes' it's a different story. Their

:52:01.:52:03.

modernised cottage has been on the market for nine weeks. It is proving

:52:04.:52:08.

a difficult sell. Just mopping up for the people viewing the house

:52:09.:52:11.

today. Marion is back for another viewing. There have been no offers.

:52:12.:52:17.

Mark's prediction of an arching of six months to sell is looking spot

:52:18.:52:29.

on. -- average. Nice scenery it may have, the temporary retainer is

:52:30.:52:36.

putting off Cotswolds fans. This is very unlikely. Very unlikely.

:52:37.:52:42.

Another day, another viewing, and no sale. I said to them - would you

:52:43.:52:46.

like to come back and have another viewing. They said, no, it wouldn't

:52:47.:52:50.

be of interest to them. They don't like the contemporariness of it.

:52:51.:52:54.

Chocolate box homes are the most desirable in this area. Instead of

:52:55.:52:58.

the much fancied Carmel swirl this house is becoming the less

:52:59.:53:02.

appetising orange one that's last to go. It doesn't worry me. As time

:53:03.:53:07.

goes on, obviously if we don't have any viewings then I think one has to

:53:08.:53:10.

face the fact there is a problem somewhere. When they say to me - how

:53:11.:53:16.

long will it take to sell the house? You can't answer it to be sure, how

:53:17.:53:21.

do you know. I have said to people recently, it's a minimum of six

:53:22.:53:25.

months. We've got one or two houses over the last three or four years,

:53:26.:53:31.

difficult economic climate, that have taken longer than that. One was

:53:32.:53:33.

18 months. Over in County Durham it's eight

:53:34.:53:49.

weeks since Mrs Johnston put her three-bed house on the market. And

:53:50.:53:54.

she sold it to young parents, Karly and Ben, for the full asking price

:53:55.:54:04.

of ?112,500. What about these hedgehogs, orangements. I will keep

:54:05.:54:08.

a couple of my favourites. It's another precious sale. The houses

:54:09.:54:14.

are cheap as chips compared to the Cotswolds to keep business on track,

:54:15.:54:17.

Lynn has to shift at least 10 a month. For Jackie, the house is not

:54:18.:54:22.

just a number. It's a new home. The money has been transferred. So now

:54:23.:54:28.

the bungalow is mine. And this is Karly's.

:54:29.:54:37.

"I hope you are as happy here as I have been." Jackie just needs the

:54:38.:54:51.

keys and Lynn's job is done. I can't even think of the thought that house

:54:52.:54:55.

there is not mine any more. I know. You have a nice bungalow. Everything

:54:56.:54:59.

is new inside. Oh, I know. You will love it. Parties and things I might

:55:00.:55:05.

be having. You might be a raver. You never know! Thanks very much, love.

:55:06.:55:13.

You're welcome. Look after yourself. Thank you. Take care. Bye. It's the

:55:14.:55:20.

end of the year, and Chelsea are gearing up for the Christmas slow

:55:21.:55:26.

down. Who doesn't like Christmas? I love Christmas. All of London is

:55:27.:55:31.

closed. No-one is hassling me for deals. That is what I love about

:55:32.:55:36.

Christmas. The former building site on Britten Street sold for ?15,000

:55:37.:55:44.

below the asking price but pushing sales driven Eileen to her target.

:55:45.:55:50.

So far in my pot in exchange about ?142,000. I need to get ?190,000 to

:55:51.:55:58.

hit target. In Dagenham, at least one agent is trying to feel festive.

:55:59.:56:10.

Christmas time is like Mr Scrooge. I'm putting decorations up, getting

:56:11.:56:14.

into the spirit. He is just sat there at his desk... The rub

:56:15.:56:22.

ish-strewn house with the evicted tenants has been renovated and relet

:56:23.:56:29.

to a young family. -- rubbish. All in all, it has been a successful

:56:30.:56:31.

year for Darren and the gang. So, what better way than to

:56:32.:56:47.

celebrate than a Christmas kneesup at the Dougs. - Dogs. Keep going,

:56:48.:56:54.

son. Go on! Each year we have kind of done better and better. I hope

:56:55.:57:00.

next year will be even better. Dealing with people's properties is

:57:01.:57:04.

a gamble. Having your own business in the estate agency is the biggest

:57:05.:57:08.

gamble. This year actually has been a good year. Do you like a gamble?

:57:09.:57:15.

On tonight's evidence, no. Despite the odds, steady sales mean Darren

:57:16.:57:19.

is on track to make a healthy profit in the coming year. Lucky ticket.

:57:20.:57:24.

It's all going to change on this one. Mr No, not number two. No! No!

:57:25.:57:42.

I got the last two again. Just to prove how rubbish I am at betting,

:57:43.:57:48.

all those are losers. For a minute I thought there was a dog run ing

:57:49.:57:59.

called: With Darren's interesting strategy for picking a winner,

:58:00.:58:03.

perhaps he is better off sticking to the day job. Next time - agent life

:58:04.:58:13.

continues apace. Anybody who says estate agents don't work hard for

:58:14.:58:17.

their money hasn't a clue about estate agency. I have 27

:58:18.:58:21.

appointments. There are demanding Byers. The kitchen is really, really

:58:22.:58:26.

bad. She only only wants houses with certain numbers. She wouldn't buy it

:58:27.:58:31.

because it was number seven, honestly. And hard nose deals.

:58:32.:58:36.

Nobody will cut you a cheque for ?150. For the profession we all love

:58:37.:58:41.

to hate. We all think our houses are worth more than they are, it's human

:58:42.:58:46.

nature. It's business as usual. If you build it, they will come. I

:58:47.:58:54.

think of myself as the Kevin Costner of estate agents.

:58:55.:59:01.

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