Estate Agent Statistics
You lose £173,784 pa (£1 million over 6 years) *
On commission alone you lose £197,904 with other lawyers:
According to PropertyMark £4,123 average commission is lost on each fall through.
With fall through rates up to 39% (from time to time) on 10 cases a month, is 4 commissions lost per month x £4,123 is £16,482 pm x 12 months is £197,904 a year; £1,038,996 million in 6 years.
With us you only lose £24,738.
Our low 6.95% fall-through rate loses you only a 0.5 failed sale per month.
Thats £2,016 pm in commission x 12 months; meaning £24,738 lost a year.
With us you gain an extra £173,784 gross profit .
By deducting what we would lose you of £24,708 pm, compared to £197,904 lost by using other lawyers.
That’s an extra £1,038,996 million in 6 years without increasing your overheads.
Your client loses £17,738 and 83% stress by not using us?
£17,738* lost.
That’s £7,038 lost even on a 2.5% property price change during the average 8-month delay caused by an abortive sale (based an average £282,700, property according to Land Registry Data).
Plus £2,000 in lost legal costs: That’s £1,500 costs (PropertyMark data), and £500 for third-party disbursements, wasted on a second set of costs when starting again.
Plus £8,000 (£1,000 pm) lost in either wasted mortgage repayments (if selling) or wasted rent (whilst waiting 8 months to buy).
83% clients suffer from mental stress after finishing with their conveyancing lawyers according to the Moverly property report. Not with us.