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Why Is Our Monthly Exchange and Completion Forecast Always Wrong?

Estate agent pipeline forecasts are built from hopeful dates in a spreadsheet. We build a fee forecast from real sale milestones in your CRM, by branch.

Updated 3 min readBy SpiderHunts Technologies

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Quick answer — TL;DR

Pipeline forecasts go wrong because they use the target completion date typed at the memo stage and ignore how far each sale has actually progressed. We build a forecast that reads sale milestones and fees from your CRM, applies timing rules based on your own completed sales, and shows each branch's expected fee income by month with the reasoning visible.

The spreadsheet on the last Friday of the month

Each branch manager sends a spreadsheet of sales expected to exchange and complete. The director adds them up and plans the next month around the total. Then half the completions slip, a couple fall through, and the total arrives six weeks late in bits. Next month, the same spreadsheet, the same optimism.

Nobody is lying. The dates in the spreadsheet are the dates everyone hoped for when the memo went out. They just have no connection to where each sale actually is.

Why the forecast drifts

The target completion date on a sale record is usually set at the start and rarely updated. A sale waiting on searches and a sale with mortgage offer in hand and contracts approved look the same if both are marked as completing this month. Branch managers adjust the list by feel, and feel is generous when targets are tight.

There is also no record of how long sales usually take from each milestone in your own branches, which is the one piece of evidence that would keep the forecast honest.

Forecast inputUsual sourceProblem
Expected completion dateTyped at memo stageRarely updated
Fee amountAgreed fee, sometimes out of dateReductions and splits missed
Chance of completingBranch manager's feelOptimistic and inconsistent
Milestones reachedProgression notesNot used in the forecast at all

What an unreliable forecast costs

Cash planning for an estate agency depends on completions, which are lumpy at the best of times. When the forecast is wrong in the same direction every month, directors either hold back on hiring and marketing they could afford, or commit to spending based on money that arrives late. Branch comparisons are unfair because some managers forecast carefully and others do not.

It also wastes the branch managers' time at month end, rebuilding the same spreadsheet by hand.

How we build a forecast from real progress

  1. Data from the CRM: agreed sales, fees, fee splits and milestone dates are read from your CRM on a schedule, so nobody retypes them.
  2. Your own history: we look at how long your completed sales actually took from each milestone, and how often sales at each stage fell through, branch by branch.
  3. Stage-based timing: each open sale gets an expected completion window based on the last milestone it reached and your history, not the hopeful date at the memo.
  4. Fee forecast by month: expected fees are totalled by branch and month, with a range rather than a single number, and each sale's contribution can be clicked through.
  5. Manager overrides: branch managers can adjust a sale when they know something the data does not, with a note, and the override is shown as such.
  6. Accuracy tracking: each month, the forecast is compared with what actually completed, so you can see whether it is getting better.

The numbers come from your own history, so the forecast is only as good as the milestone data your team records. We show where gaps in that data are weakening it.

What month end looks like after

The spreadsheet round stops. Directors open a live view of expected fees by branch and month, and can see which sales are carrying the forecast. Branch managers spend the meeting discussing the sales that matter rather than typing figures. After a few months, you know how far to trust it, because its track record is on screen.

It also gives progression a clear business case. When one stage is consistently slow in one branch, the effect on fee timing is visible.

Signs this is your agency

  • Pipeline forecasts are compiled from branch spreadsheets each month.
  • Completions regularly slip from one month to the next.
  • Target completion dates are set once and rarely changed.
  • You cannot say how long your sales usually take from mortgage offer to completion.
  • Directors plan spending around a figure nobody quite believes.

FAQ

Frequently asked questions

The questions readers ask us after this guide.

Still have a question?

Ask us directly — a senior engineer will get back to you.

Ask about your project

Is this financial forecasting advice?

No. It is a reporting tool built on your own data. How you use the figures for planning and cash management is for you and your accountant.

Does it work with Reapit, Alto or other CRMs?

Where the CRM provides an API or regular data export, yes. We check what your system allows before quoting.

What if our milestone data is patchy?

The forecast will show that, and fall back on simpler rules for sales with little data. Better progression records improve it over time.

Can it include lettings income too?

It can, but lettings income behaves differently. We would usually model it separately and show both in one view.

Keep reading

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