A new app, Qoob, allows people to use a smartphone to swipe through homes put on the market by private sellers - without what it calls the ‘distortion of market forces’ caused estate agents.
Qoob has been created by technicians at the London Institute for Mathematical Sciences and it allows people to upload pictures of their home and create a listing instantly on their smartphone.
Describing itself as the home sellers’ and buyers’ equivalent of dating app Tinder, it means that if another Qoob user who wants to purchase a home likes the look of a property they see, they can rapidly chat with the seller, arrange viewings and even negotiate through the app’s instant messaging service.
Qoob works the same way for landlords who upload details, with would-be tenants spotting them on the app and making direct contact to seal the deal. It would avoid any estate or letting agency fees and the app itself is free to download.
“Technology is putting the customer in control. For decades agents have maintained a stranglehold on the market but now people can sidestep them and secure a fairer deal” explains Thomas Fink, a physicist from the California Institute of Technology and Cambridge University and the brains behind Qoob.
Fink claims that estate agents are distorting market forces in the property sector by effectively obstructing direct communication between sellers and buyers.