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Here's an update on eMoov's progress by founder Russell Quirk.
September has started well with a phenomenal level of new instructions. In fact yesterday (Monday 2nd September) represented a record day for new sign ups and will result in a total of £56,000 in estate agency fee savings. August was a ittle quieter than we expected given that August 2012 was ridiculously busy. But this year still ended 27% up on last year.
Lettings business is on the rise too, a service that we soft launched in January but which is now gathering pace with a steady increase in new listings. So far, we have let 92% of our rental inventory within the first 28 days of marketing. And all for a fee of just £249 plus vat. This is an average four fold saving on local letting agents.
Our low cost conveyancing is breaking new ground too with a 54% conversion rate on sales, a performance that rivals the largest corporate estate agency companies. You can now 'lock in' your discounted rate by paying just £99.00 plus vat when you sign up to sell your property with £299.00 plus vat payable upon completion, a saving of over £100.oo plus vat on our already low fees.
And if you'd like mortgage advice, our in-house advisor Ian Symmonds, will offer you the best deals across all UK lenders and without insisting that you meet with him face to face.
2013 is shaping up to be a corker for eMoov.co.uk. We're already the UK's largest low cost online estate and letting agent and we're growing still further. We're busy working on some big things to finish the year with and to ensure that 2014 is very exciting.
Watch this space....
Don't forget that we run a referral scheme whereby you can earn £50.00 if you recommend someone to us that signs up to our £395 sales deal or the £249 lettings package. Simply tell us who you are referring in advance of them signing up and we'll happily send you the money.
A recent report stated that estate agency insolvencies are now 57% higher than a year previously. We don't revel in that as this means lost jobs and hardship for those involved and which we regret. However it does indicate that the existing old fashioned, 'premises heavy' way of doing business is fast becoming unsustainable. On the flip side, online estate agency is fast expanding. And no wonder when we offer the same service and outcome for ten times less cost than the traditional guys.
Property is experiencing its 'LastMinute.com' moment. Mark my words.