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86% of the Brits distrust their estate agents

By
Real Estate Agent with Coastal Properties Group International - Christie's International

According to a report today from OPP Overseas Property Professional, 86% of the Brits distrust their real estate agents. How should we expect them to feel about Florida real estate agents, when they've heard stories about people who have bought lots that turned out to be swamp land, and when time share salesmen accost them on the Florida beaches?

This is consistent with a previous ActiveRain blog I wrote that discussed how ineffective we've found advertising in the international market. The international buyer generally works on trust, on relationships - and an ad doesn't accomplish that. Perhaps someone will call you and see if a relationship can be established, but trying to sell a particular property through international advertising is not a good return on investment.

Get involved, be patient, be persistent. Develop those relationships. 

Sharon Simms, Real Estate Agent serving St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area. 

Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

Brian Brady
Matthews Capital Markets - Tampa, FL
858-699-4590
Sharon, I'm not quite sure the Brits trust anyone!  "Estate Agents" shouldn't be alarmed at this.  Actually, I believe that a 14% approval rating would be the highest anyoone has earned in Great Britain since Maggie Thatcher.
Oct 02, 2006 07:03 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Brian, you're too much.
Oct 02, 2006 09:35 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS

Corinne - it's also very different in that in the UK the buyer usually works out the contingencies (financing, inspections, etc) before signing an offer. The differences are a matter of education - trust is something else again.

Oct 20, 2008 11:24 AM