On average the seller who uses an online estate agent saves in the region of £4500+vat
Portsmouth, Hampshire (PRWEB UK) 19 March 2013
Now is the time when sellers start visiting the high street agent to look at marketing their home; of course when the grass is green and the flowers are on display, this is the perfect time to get ready to market. A release by online estate agents website OnlineEstateAgents.co.uk, who cover the whole of the UK, reported a massive jump in searches done by its users. Trevor Gillham who owns the website commented 'March 2013 is up by 65% on March 2012, this proves that more and more sellers are becoming aware of just how much savings they can achieve using an online estate agent'.
The fee structure for online agents varies from company to company but most sites offer a fixed fee upfront option and a commission model with an upfront payment, the commission is still very favourable to the high street model. On average the seller who uses an online estate agent saves in the region of £4500+vat. So, is the UK thinking it's time for the high street estate agent to challenge the online agents? There have been reports already that agents are reducing their fees but and there has also been a climb in the amount of agents in the high street who are now charging a small upfront fee to cover costings, this in turn would encourage sellers to just go online and pay the fee with no commission, one thing that is obvious is it's a tough market right now and a large percentage of sellers only want to get their property listed on one website - Rightmove.co.uk