22nd April 2012

eMoov.co.uk hit a massive milestone this week. One that continues to prove our concept and something that we are very proud to have achieved so early in our existence.

We’ve just passed the £1m point in estate agents fee savings. That’s £1,000,000 that would otherwise have stuffed the pockets of a good few traditional, expensive High Street agents.

Since eMoov launched in 2010 we have grown and grown. We doubled in size twice last year in business volume terms and have done so again this year already. We are now one of the two largest online estate agents in the country by a significant margin. The best value and with the longest opening hours. No ‘renewal fees’ like so many others charge a few months down the line either.

Our average fee saving per client to date is £4614.00. The equivalent of a very nice holiday, a decent used car or a not inconsequential sum towards the improvement of our customers’ next homes. It’s a lot of money.

And it is also such a significant amount as to truly demonstrate the success of our business concept. A stack of tenners £1,000,000 high is enough to convince most people that something is worth looking at we think.

No doubt our High Street peers will continue to cross the road when we walk towards them. We can live with that. Our conscience is clear.

Clearer than theirs probably.

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19th April 2012

It seems that more and more ‘traditional agents’ are now charging up front fees IN ADDITION to crippling  fees on completion.

This is in response to hard times on Estate Agent Street with the average property firm now selling just one property per week now, half that of 2007 levels.

And so, depleted of cash, High St estate agents have to look to other ways of trying to bolster their income. By way of a real world example as imparted to us today, here’s how it goes…

One lady that we spoke to today asked Reeds Rains in Wakefield to visit her to discuss the marketing of her detached house. The property has a value of around £320,000.

The agent from Reeds Rains, part of the large LSL Property Services Group, explained that whilst their fees would be £7000.00 or so on completion once vat was included, he also wanted a £275.00 ‘marketing fee’.  Payable upfront.

This masquerades as an admin fee that is, apparently, not due until withdrawal or sale but effectively locks in the seller to stay with the agent, notwithstanding any belt and braces sole agency agreements, because that seller is bound to be hesitant in dis-instructing them when there is the prospect of a ‘withdrawal fee’ as a result of doing so.

High Street estate agents are desperate for money and even more stubborn in protecting their archaic business model, as this scenario so proves.

Seller beware…

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17th April 2012

We’ve been quoted as property experts commenting on house prices by none less than the BBC today!

Here’s the link BBC

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11th April 2012

In the last 28 days our properties have been seen 2,047,466 times on Rightmove. That’s a record.

In fact we received around half a million property views on the UK’s leading property website last week alone and that was UP 10% on the week before!

And then there’s Zoopla, Prime Location, FindaProperty, Globrix. NeedaProperty, Nestoria, UK Property Shop, eBay, FimdaNewHome, Gumtree and 270 national and local newspaper websites. Plus Virgin Media, MSN, SKY…

Be in no doubt that whatever the market or time of year and no matter how ‘quiet’ High Street agents are saying they are, eMoov.co.uk guarantees you the very best advertising exposure for your property.

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11th April 2012

Estate agents have been subject to Government money laundering regulations since 2007. In 2009 a register was established that compelled estate agents to formally list themselves as bona fide and in so doing, confirming that they comply with the regulations.

There was much alarm at the time in that around half of all UK agents failed to register. Prosecutions followed.

This week, the OFT has made the register public in a move to shame agents into complying. To ensure that the estate agent you are about to entrust with your home is above board, you can search for them here http://www.oft.gov.uk/OFTwork/aml/amlsearch

Beware. It is remarkable that only 6,742 businesses are so far registered out of approximately 10,000 that operate across the country. Many so called online estate agents have not registered despite the sanctions that can be imposed and the three year period in which they have been given to do so.

eMoov.co.uk’s credentials can be checked here (not to be confused with others) http://www.oft.gov.uk/OFTwork/aml/amlsearch/?show=premises&action=search&i=0&busPageNo=1

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