Monday, 23 April 2012

Figures show online estate agency is outselling traditional estate agents

Low fees estate agents,, which sells property exclusively via the 25 largest property websites, has announced that at 27.2%, its sales versus sold figure is significantly outperforming the latest RICS sales-to-stock ratio, which sits at 23.3%* across several thousand high street estate agency members.

Capitalising on the fact that an estimated 95% of all property searches now take place on the internet, alongside property owners’ need to retain equity in tough market conditions, is enjoying considerable growth, with its budget-friendly low fees from just £295 for the complete estate agency service.

The firm’s convenient seven day a week, 8am – 8pm service and comprehensive marketing through the 25 largest property websites, including Rightmove, Zoopla and Prime Location is also helping to clinch sales and listings from time-poor buyers and sellers who can arrange viewings and access support outside of office hours.

Says founder, Russell Quirk: “The RICS survey gives a good indication of ability, as it demonstrates the number of homes that an agent has sold in comparison to the amount of properties that he has for sale in total. We carried out a performance survey of our own on a single town and found a huge variance between several agents, with some selling a quarter of their overall stock and some just 10%. That’s a gap that you need to know about when deciding who to instruct.”

* RICS survey details for March -

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