Two estate agencies have looked to a crowdfunding platform to try to raise investment.
Online agency HouseSpotters wants £150,000 to “ensure the brand is at the forefront of the market with 85 per cent of the investment going into online and offline marketing as this is key to developing awareness to turn leads to client sign ups.”
The rest will be used “for increased staffing and general overheads” according to a statement from the firm.
The agency offers sellers two options - £460 including VAT upfront with no ‘selling fee’ or £240 including VAT upfront with a selling fee of £600 including VAT.
Meanwhile Lettingsupermarket is using the same crowdfunding platform to try to raise £125,010 in return for five per cent equity.
Investments of £25,000 or more will qualify for property management free of charge, whilst these shares are held, for up to 10 properties.
It says it will use the cash for a "robust expansion" after developing its technology for the past three years.
Lettingsupermarket provides what it calls “a fully comprehensive letting and management service” at four per cent plus VAT.