A platform which signs up vendors and allocates their sale to a high-performing local agent says it sells property two months quicker than the traditional agency model.
Movewise - which launched two years ago under the name BestBid - does not sell homes directly but signs up vendors.
It then analyses local estate agency data to identify what it believes to be the best performing local agent.
Movewise negotiates the commission directly with that agent and puts 0.25 per cent on top for its own fee; sellers pay only one charge, to Movewise.
“If the first agent doesn’t deliver results fast, the property can be listed with another agent fast” says a statement from the company.
“Properties sell faster (typically two months faster) and for more money (typically three per cent more) than using the traditional estate agent model” the statement continues.
Movewise says it’s listed more than £70m of properties in the past year and chief executive Tom Scarborough comments: “Most sellers list with a single estate agent, and most estate agents only sell about 50 per cent of the properties they list.”
“Contrast that with professional property developers, who usually list with multiple agents and manage them on their terms. They would never list it with one agent and just say ‘Good luck, let me know how you get on.'
“Selling the most valuable asset you’ve ever owned shouldn’t be left to luck. Movewise is here to professionalise property sales for everyone.”
Movewise has attracted £1.1m of funding, including a recent round of £600,000, from investors including Hambro Perks, Indeed.com co-founder Paul Forster and LoveFilm co-founder Simon Franks, among others.
Movewise says it offers “a ready-made listing” to the agent selected, if they wish to take on the instruction; Movewise handles photography and floor plans.