Showing posts with label RICS. Show all posts
Showing posts with label RICS. Show all posts

Saturday, May 02, 2015

The God Of Small Things - Friday


‘You’ve a studio flat to look at later.’ Announces negotiator S as I re-enter the office after the joyless  run to pick up a low-calorie, taste-free, meal deal.
‘What’s that going to be like?’ Asks trainee F gormlessly.
‘The stationery cupboard.’ I tell him, dumping the wafer-thin sandwich, pseudo-crisps and tired-looking fruit combo on the desk.

I follow F’s gaze towards the aforementioned paper and pen repository. God, I sometimes long for less litigious times when it was acceptable to clout a dozy trainee around the ear, or just ask for his office keys, without verbal warnings in writing and a multi-stage disciplinary process monitored by Human  Resources' drones and legal insurance companies. I’ll have to settle for sending F on an afternoon’s leaflet dropping in the rain.

‘He means it will be compact.’ Says S to F, gently.
‘Cramped.’ Adds assistant manager T, who seems to have ducked the undersized valuation somehow.
‘Bijou, even.’ Contributes fat mortgage man M with a chubby-chopped smile. That confuses F even further, until lettings lush B adds:
‘Shite.’

I vividly remember when I first visited a studio flat, back in the late eighties when developers and speculators were busy maximising profit and minimising square-footage, in shabbily converted, once grand, Victorian family homes.

Tagging along with the kindly surveyor I was training with, we entered a top floor roof space, once designated for servants or Not Needed On Journey labelled packing cases, to find a plaster boarded space with sloping roof lines, fit only for Snow White cast members.

As I tried to hold the old-school tape measure to the widest extremity, I was thinking if this was the lounge, with a DIY style galley kitchen incongruously in one corner, how pokey was the bedroom going to be?

The first door I tried was minuscule shower room with no natural light, a wheezy extractor fan, and a toilet wedged so tight to the angled ceiling that you’d never piss standing up. The second door I tugged, expecting to find the sleeping accommodation, turned out to conceal a clumsily-lagged hot water tank.

‘So they sleep in the lounge?’ I remember asking, hesitantly. A somewhat smarter, and smarter-dressed version of F, on reflection.
‘It’s a new concept.’ Enlightened the old, Fellow of the Royal Institution of Chartered Surveyors, with a frown. ‘It won’t catch on. I’m going to down-value it.’

‘I’m not sure I’d want to buy a flat that small.’ Speculates F, once he’s finally grasped the concept of turning your sweaty sofa into a bed at the end of an evening.
‘Just as well, you couldn’t afford it on your salary.’ Says M with a hearty guffaw. ‘Particularly when you’re on commission. Not even I could fudge the employer’s reference enough to find a lender for you.’ He adds, unkindly.

‘We all have to start somewhere.’ Counters S, fiercely. 
‘Yeh? Well if I can’t bolt on endowments, or PPI sales any more, I’m not about to risk my licence fabricating income am I?’ Sneers M.
‘Can’t he self-certificate?’ Asks B from her lettings enclave.
Only for sick notes.

‘We need to trade up.’ Says the earnest young woman later. She has an obvious swelling in her belly, as her stooping boyfriend nods in agreement and tries not to bang his head on the ceiling. There’s not enough room to swing a cat in the tired-looking conversion, and yet paradoxically, they have a hissy furball in residence, one that is weaving between my legs, purring aggressively and shedding fur all over my dark blue trousers. I can feel the first sneeze bubbling up.

I can’t see they’ll even get back what they paid for the pokey little studio flat. The dodgy developer helped fund the deposit, probably on the back of an inflated sale price and a complicit broker. I don’t want to be the bearer of bad news, particularly as the poor women is expecting a baby shortly. I wouldn’t mind killing the cat though.

Not a great success.
Price upset them.
Suit needs cleaning - and turns out she wasn’t pregnant.

Fail.

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Thursday, July 10, 2014

Bearer Of Bad News - Thursday



‘Bad news boss.’ Announces trainee F before I’ve even crossed the office threshold. In the property game - where one in three sales is destined to fall-through no matter what the market does - you get used to a greeting like this.

‘You really need to narrow it down a bit.’ I tell F familiarly, as I walk to the message book.
’It’s not in there yet.’ Says F hurriedly. I turn towards him. Now in sales you train yourself to mask emotions with a neutral smile and demeanour, but F isn’t buying anything from me - other than a one-way ticket to the job centre - so I’ve clearly failed this time.

‘It only just happened.’ Says F pointing at his phone as if that inanimate object is likely to plead his case. I glance at negotiator S. The conflict flashes across her face almost imperceptibly, but I see it, with S it’s hard not to keep looking. S shakes her head from side to side and does that balancing thing with her hands - it’s not quite so successful where her tits are concerned, but I digress.

‘So just tell me.’ I instruct F, tearing my gaze away from S. I don’t want to seem creepy or I’ll end up on another awareness course blue skying asinine ideas onto yellow post-it notes and pretending I care.

‘Number 12.’ Begins F and my stomach lurches even before the reveal. There’s half a month’s worth of commission riding on this sale, tell me it’s recoverable. ‘Bomber is doing the mortgage valuation.’ Continues F with an apologetic shrug. The expletive is still pinging off the filing cabinets even as I place a pound coin in the office swear box and grind my teeth expensively.

Every town has one. Some several. Surveyors who routinely lop about ten percent off the agreed sale price just to cover their bony arses. It doesn’t seem to change much, no matter what the market is doing. Rising, falling - according to the papers it’s never stable - these little weasels in sports jackets and grubby coloured trousers conspire to wreck weeks of marketing, days of fractious negotiating and hours of assiduous finance placing. And we have to pretend we like them.

I know I’m not alone in this, my twitter feed confirms they are all over the UK. Their modus operandi doesn’t vary much. They just ask the sale price, request some comparable evidence of similar sales - then take off a number they’ve already thought of. Our particular bette noir just happens to bear the nickname “Bomber” but I’ve heard of: Dr Death, The Wrecker, Demolition Man and Poison Pete to name but a few. Same pimp, just different coloured trousers.

There was a time, when I first started in house sales that I aspired to becoming a Chartered Surveyor. Back then, all the senior partners were qualified with RICS after their name. In fact it used to be the only way you’d be invited to become an equity partner before the banks and insurance companies moved in and bought estate agency firms in a frenzy of overpaying. Some of the ex-partners are still sunning themselves and playing golf even now. I was born too late - plus I didn’t fancy several years of studying…

Now the surveyors we see are just as haunted as the house sales people. Targeted and monitored to within an inch of their next nervous breakdown. Spending your days rushing from dusty loft space to dusty loft space then dictating your survey, or more often now, downloading the pre-populated report on your tablet computer, while sitting in a mid-range Vauxhall with pastry crumbs in your lap I can do without. We tend to run Fords…

‘Hello all.’ Says Bomber when he arrives for the keys. I can almost taste the hatred, he has the skin of a rhinoceros.
‘Any comparable sales?’ Asks Bomber as I hand him No 12’s keys and a set of our sales particulars.
‘We had a lot of people wanting this one.’ I urge. ‘It’s worth every penny.’
‘We’ll see.’ responds Bomber as he leaves.

‘Stick the For Sale board back up boss?’ Asks F before the door has closed.


He’s learning.