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Philip Farrell

Co-founder

982 Profile Views

About Me

I am interested in all things property which as we know is a hugely popular topic with the public and consumers in general.

my expertise in the industry

I have worked in the property sector for 35 years, initially running a family business followed by a role as CEO of a national estate agency group. I have also scripted a weekly property/proptech column for a national newspaper in Ireland. I have working with the property sector in the UK and internationally for the last 4 years.

Philip's Recent Activity

I am operating in both the UK & Irish industry. I have been an agent for 30 years and in Proptech now. Both countries have a very similar industry make up. The industry was regulated in Ireland back in 2012. It was one of the best things that ever happened the industry. It simply helped to clean up the sector. I would highly recommend it for the UK. The momentum that existed with ROPA etc. pre Covid unfortunately, seems to have dissipated.

From: Philip Farrell 03 February 2023 11:58 AM

I think it is now clear that the market share for online agents is nowhere near what was predicted some years ago. There will always be a certain percentage of people who put more emphasis on costs than the comfort of having an estate agent. I don't think it would be unreasonable to think that 10-15% of all sellers would be of this mindset. The current figure is approximately 7%. There is no doubt that technology will assume the communication and administration roles within the transaction in the coming years thus allowing the agent to do what they do best - value, hand hold and manage property sales . Be under no illusion this shift will not be agent led. It will be driven & demanded by the consumer just like what has happened in every other industry. Agents who do not facilitate this will be left behind. Another shift in agent behaviour will be the gradual move off the High Street allowing the smaller independents to deliver a leaner, streamlined, tech enabled & cost effective service. Why have a retail office when footfall in no longer relevant? All agents need in their primary area of activity is a strong visual presence.

From: Philip Farrell 28 November 2022 11:43 AM

Offr is a new Barclays backed tech platform, which allows agents to transform their website from just visual to fully transactional, including placing offers, registering to bid, virtual viewing arrange inspection, signing contracts and making secure payments. No third party website. In the agent's colours. Am I conflicted, yes, as one of the cofounders!!! Please take a look. Works for traditional sales, auctions, lettings and new homes sales. Potential game changer. OFFR.IO

From: Philip Farrell 10 May 2021 16:46 PM

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