There’s a hotch potch of market commentary around this week relating to a property market that’s still weak.
The Royal Institution of Chartered Surveyors states that home sales in the UK are back to the doldrums of 2009 levels at only ONE property sale per week amongst its members in the three months to August. Buyer enquiries were down by 3% also.
We’ve enquired of the RICS today to establish what sort of cross section of estate agency branches that statistic represents however they are unable to assess how many of their members are actually estate agents rather than surveyors that have no involvement in actual house sales directly.
Rightmove too, in its most recent monthly House Price Index, says that new properties to the market nationwide remain ‘muted’ at 30% below 2007 levels.
However these numbers sit in stark contrast to the business recently experienced by eMoov.co.uk, online estate agents.
Now in its second year, eMoov recorded a sharp increase in new instructions in August, up 31% on its previous busiest month of April 2011.
Sales are VERY buoyant too with offers to purchase being made in significantly increased number in the past few days. Sales have been negotiated on in Nottingham; York; Alton, Hampshire; Oadby, Leicestershire; Cambridge; Wymondham, Norfolk; Banbury, Oxfordshire; Braintree, Essex; Ashby de la Zouch and London NW7. And it’s only Wednesday!
Old fashioned estate agency is being severely tested now by sellers that have had their fill of paying excessive commissions unnecessarily. That may well be why potential sellers are not listing their homes with High Street estate agents in abundance whereas online estate agents like ourselves are seeing a marked increase in new listings.
Naturally as more properties come to market, more buyers are attracted to those homes and indeed then stay on the ‘books’ of that agency for future contact.
Our statistics clearly show that homes for sale, viewings and sales are UP in a big way.
So we venture that it remains that given our perfomance versus the ‘average’ estate agent, you might want to consider utilising eMoov instead of going down the old fashioned route. More buyers, more potential enquiries and more offers… For a lower fee.
The multiple websites that eMoov list their stock on is also responsible for a huge rise in interest in our clients’ properties. You can benefit from that too by selling your home via internet estate agents eMoov.co.uk, but beware of imitations!
Our research proves that we sell more homes and we do it quicker, two and a half times quicker to be exact. It’s also a FACT that our estate agency fees are TEN TIMES lower than conventional estate agents.
Sell via eMoov. Or choose an ‘average’ estate agent with an above average fee? It’s up to you…