Serious investment thinking that doesn’t take itself too seriously.

HOME

LOGIN

ABOUT THE CURIOUS INVESTOR GROUP

SUBSCRIBE

SIGN UP TO THE WEEKLY

PARTNERS

TESTIMONIALS

CONTRIBUTORS

CONTACT US

MAGAZINE ARCHIVE

PRIVACY POLICY

SEARCH

-- CATEGORIES --

GREEN CHRONICLE

PODCASTS

THE AGENT

ALTERNATIVE ASSETS

THE ANALYST

THE ARCHITECT

ASTROPHYSIST

THE AUCTIONEER

THE ECONOMIST

EDITORIAL NOTES

FACE TO FACE

THE FARMER

THE FUND MANAGER

THE GUEST ESSAY

THE HEAD HUNTER

HEAD OF RESEARCH

THE HISTORIAN

INVESTORS NOTEBOOK

THE MACRO VIEW

POLITICAL INSIDER

THE PROFESSOR

PROP NOTES

RESIDENTIAL INVESTOR

TECHNOLOGY

UNCORKED

The Scorpion #1

by | Nov 29, 2018

The Agent

The Scorpion #1

by | Nov 29, 2018

This is the first of a series of columns written by a residential estate agent about residential property. I have adopted a pseudonym because I am employed, and I would like, if necessary, to separate my views from those of my employers. I would also very much like to keep my job.

It would be fanciful to imagine that you are all scratching your heads, asking yourselves “but who can he or she be, this writer who so pretentiously insists on remaining anonymous?” Well, a lot of you know me already. I’m the guy (all right, I’ll give you that much), who broke the bad news to you that you had been outbid on that apartment you loved, (or ‘gazumped’ you, as you later put it). I’m the one who later didn’t value your house for as much as you’d hoped, which meant no-one wanted to buy it, (or something, the details aren’t important). That guy! It’s a shame they couldn’t get the guy who sponsored your children’s school fete for commercially dubious reasons – I know you really liked that guy. Or the one who you bumped into at a barbecue once, who told the brilliant story about the bloke who bought the wrong flat by mistake, and no-one noticed for years. He would have been brilliant.

Anyway, you’re stuck with me.

I’ve been valuing and selling residential properly for longer that is strictly decent, and I’ve been asked to try and shed light on the whole ghastly business of buying and selling property without ruining anyone’s day. I started in the era of telex machines, and now if anyone wants to get in touch with me, they have so many methods at their disposal that I feel violated sometimes. Ironically, if someone really wants to get my attention they could do a lot worse than to write me a letter, although I appreciate that very few have the requisite skills to either compose it, or get it delivered before the lease they wanted to discuss has expired.

Today I work with a charming and eclectic group of agents (we never call them ‘estate agents’; ‘agents’ sounds so much more mysterious. There’s just the hint of possibility someone may think I work for MI5). They tend to be young (cultural references to guitar-based bands are usually met with derision), and hard-working.

There is a very wide range of intellectual capacity. Being bright, in and of itself, is no guarantee of success. And yes, I admit, being thick is no guarantee of failure either. Successful agents come in many guises and, having interviewed a stack of them over the years I can say with some degree of confidence, that I am a very poor judge of what makes a good one. I daresay others will claim to know the secret formula (recruitment companies especially), but I say ‘bullshit!’

There is undoubtedly mystery involved. I’ll be writing more about the nuts and bolts of the business in due course, from a variety of different viewpoints. Maybe one day, I’ll tell the story about my client who moved to a remote part of Mexico, where we could only contact her by sending a fax to a nearby village, which was then transported to her house by a boy on a donkey. At least, I think that’s what happened. Maybe I just dreamt the whole thing up.

About The Scorpion

About The Scorpion

The Scorpion is a residential estate agent writing about residential property under a pseudonym.

INVESTOR'S NOTEBOOK

Smart people from around the world share their thoughts

READ MORE >

THE MACRO VIEW

Recent financial news and how it connects across all asset classes

READ MORE >

TECHNOLOGY

Fintech, proptech and what it all means

READ MORE >

PODCASTS

Engaging conversations with strategic thinkers

READ MORE >

THE ARCHITECT

Some of the profession’s best minds

READ MORE >

RESIDENTIAL ADVISOR

Making money from residential property investment

READ MORE >

THE PROFESSOR

Analysis and opinion from the academic sphere

READ MORE >

FACE-TO-FACE

In-depth interviews with leading figures in the real estate/investment world.

READ MORE >