Signs of a bubble bursting
I remember back in January a colleague of mine telling this story to a small audience.
“Sunday I was in bad with a bit of flu, and here he calls, the agent from XXX, asking me if I wanted to see some property to buy (he showed interest in buying a property weeks before). I tell him I am in bad with flu in my pijama, and he says I not to worry: he would come, drive me to the properties, and drive me back by lunch time”
One reaction from the audience was “Wow, this is a great sale person”.
A second reaction was “Amazing customer service”.
I just said “Oh gosh, the housing market is really falling off a cliff for the agents to even want to drive you around”.
Last year, you were lucky if they picked up the phone. You might get an appointment -to their office- if you wanted to buy a 1mn£ house. In January, they were willing to drive you around for a smaller house. They knew it was coming.
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