Online estate agent eMoov claims it is leading the estate agency industry in terms of selling performance.
eMoov has published its latest sales data and says this is evidence of how it is outperforming the average traditional estate agent.
During the month of October 2014, eMoov reported a record month of sales, with property sold equating to £45 million.
Looking at 2014 as a whole, it has already sold property worth £322 million and in early 2015 it will top the £1 billion milestone since launch.
eMoov claims it continues to secure 99% the asking price for its listed properties, 3% higher than the industry average (which Hometrack reported to be 96% in September).
Russell Quirk, founder & CEO of eMoov.co.uk, said: We are ecstatic with the company's performance to date and being at the top of the industry is testament to the hard work of the eMoov team. In the early days there was a lot of talk from traditional estate agents about how selling houses online wouldn't work and in 2010 they claimed I was mad to sell my estate agency business. Funnily enough, I haven't heard from many of those people recently, probably because they can now see the performance and momentum of my business.
With online agents such as eMoov launching TV campaigns, securing consumer media coverage, attracting high-profile investors and even becoming the focus of the Channel 4 television show online estate agency is very much in the national spotlight. If you add in the fact that the vast majority of buyers now visit just Rightmove and Zoopla consumers are fast realising they don't have to pay extortionate estate agent fees.
Comments
Theres no doubt that a goo market for Online Agents exists and fair play to Russell for sticking with his guns and going for it.
That being said, if Russell is flying this is superb although I feel it would be a better self promotion if he had stated the number of properties sold not an amount the properties combined worth.
Good luck all.
John
Anyone can make up figures Russell, 96% of people know that
Funny, if you look at the amount of stock they have on Zoopla, it seems to have been stuck at the same level for a long time! As have House Simple, House Network and Tepilo's stock levels. Just goes to show there are only so many people who want to risk using an online agent.
The only onliner who's stock levels seem to have risen in the last year are Purplebricks. But considering how long the dreadful adverts have been on tv, and how much money has been invested into the company, its still a fairly pathetic amount.
In some areas Online Only Estate Agents can offer significant savings especially if you are paying tens of thousands of pounds in fees. However, there is very little they can do compared to a High
Street Estate Agent. In our area, clients do not pay tens of thousands of pounds so the costs savings arent significant and can often cost you more as you could obtain a lower price or even lose a sale by basically doing it yourself Online Only Agents CAN - Advertise your property online. Call you to ask you to carry out viewings & Charge you an up-front fee.
Online Only Agents CANNOT - Sit down with you to explain things face to face, Accompany viewings, Hold a key for you, Sell your house whilst you are working/away, They dont have local mailing lists of waiting buyers, They cant drive a buyer over to your property after looking at others, Post sale they cant recommend
local contractors if there is a problem after a survey, They cant
hand deliver documents to a local solicitor for you, They cant sit
down face to face with your buyer to hold the sale together, You cant call into their office to
speak to the person who valued your property, They dont have a mortgage advisor to
qualify your buyers face to face.
If you buy a house just advertised by the seller how do you know it CAN be sold. There may
be a large mortgage/charge on the property that could prevent a sale completing and you
may only find this out after spending around 1000 on surveys and solicitors fees etc.
Technology is vital in todays market, however, the personal/human touch will help you
achieve a better price for your property you are not just a number!
Nothing like a bit of shameless self-promotion. Quirk's quite the pro in that arena.