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Online estate agents to make up 50% of market by 2020
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
An interesting prediction by Urban.co.uk suggests that online estate agents could account for half of the market by the year 2020.
Since its inception in 2005, the website has brokered in excess of £97.5bn worth of successful deals.
House-hunting online
Adam Male, Founder of Urban.co.uk, believes that as a result of changing trends, the public will eventually be drawn to house-hunting online. He said, ‘the online format negates the need for expensive fees, whilst still offering customers as much expert knowledge and advice as required.’[1]
‘We are extremely proud of the Urban brand and believe that our site will continue to develop and evolve, leading the industry over the next decade,’ he added.[1]
The website allows home-sellers to make an account and upload images and details of the properties that they are looking to sell. Next, the agent sends a surveyor to assess the house within 1-3 working days.
Online estate agents to make up 50% of market by 2020
Process
After the valuation and surveying process has taken place, the website will advertise the property on sites such as Rightmove, Zoopla and Primelocation. Mr Male said, ‘we are extremely proud of the Urban brand and believe that our site will continue to develop and evolve, leading the industry over the next decade.’[1]
‘Everyone within our team is highly qualified, with credentials recognised by the National Association of Estate Agents and happy to help with negotiating the best price for your property.’[1]
[1] http://www.developmentfinancetoday.co.uk/article-desc-4189_online-estate-agents-to-be-50-of-the-market-by-2020?utm_campaign=Landlords%20%26%20Property&utm_content=18579851&utm_medium=social&utm_source=twitter#.Vbn-NpNVhBd
