99home is the latest online agency to launch a no sale, no fee option for its vendors.
The firm, which was launched in 2017, follows its competitors Yopa and Housesimple in offering a more traditional no sale, no fee package.
Vendors who opt to use the new price structure will pay £799 or £999 within London and the M25.
The package includes a valuation, floor plans, Rightmove and Zoopla advertising, a For Sale board and sales negotiation, among other features.
Sellers using the service will be required to pay an additional fee for accompanied viewings, premium portal listings and Energy Performance Certificates.
99home will continue to offer an upfront fee service, costs for which start at £99 for sellers.
The agency says a number of owners across the country have asked for no sale, no fee and that it has reacted to this feedback and implemented the system.
Back in April, 99home said it was revising its business model to provide franchise opportunities for 'self-motivated property professionals'.
The firm's co-founder, Sachin Gupta, said there are no upfront franchise fees, no monthly fees and no fixed term contract for agents wishing to operate under the 99home branding.
Online agency HouseSimple is introducing a High Street agency style No...
New research shows that UK estate agents are amongst the best...
A network of almost 80 independent estate agency offices has launched...
Two successful high street estate agency directors claim to have invested...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
%20A%20property%20tale%20for%20our%20times.png)
If you want to hear of a tale for our industry’s...
MPs have launched an inquiry on improving the home buying and...
The Law Society is facing backlash from conveyancers after issuing new...
Further estate agency regulation won’t be too expensive for the industry,...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you and what does it say on your...
Join the conversation
Jump to latest comment and add your reply
Has 99Home changed their model to a no sale no fee model, for some customers, I thought they always offered this option? For sure 99Home raised hundreds of thousands of pounds through crowdfunding only 7-months ago, so if they are now emphasising a reliance on a no sale no fee model I wonder where this is all leading?
Is it a case that the general public as a whole have fallen out of love with the online, pay upfront and pray for a sale model, and 99Home have realised this?
On a positive is you want to cheer yourself up, I suggest you log onto the 99Home website - and look at Dave's explanation of their business model, it contains lots of wigs and a confusing amount of Dave's … but it certainly is entertaining. It is always good to be different - well done.
Why do they bother?
Please login to comment