Data provided by TwentyEA has found that we are leading the way in the estate agency sector and achieves £6,000 more on average than other estate agents and £13,000 above a property’s actual market value.
This third-party data compared the company’s performance against the 30 largest traditional and online/hybrid agents in each regional market and on a national level, as well as Emoov’s performance against online and hybrid agents only. The sample was also refined to Emoov’s average market price band of £500,000 and below and removed those agents operating at the higher end of the market to ensure transparency.
The report was based on TwentyEA’s data using their Automated Valuation Model, cross-referenced with Land Registry data relating to the completion of sale for each agent, analysed over a two-year period to ensure a robust sample.
The data shows that Emoov gets the best price for sellers in 60% of the main regions in England, and 50% of the UK’s 12 main regions. Looking at the hybrid/online competition alone, Emoov achieves £4,000 more on the sale price of a property.
In London, Emoov achieves £28,000 more on average than the typical market value of a property and sells for £10,000 more on average than other estate agents in Greater London.
Other agents that performed strongly included Haart who sell for 0.24% less than Emoov, Cubit and West who sell for 0.36% and Ward and Partners who also sell for 0.36% less.
We’re delighted to see that our approach in revolutionising the UK property market is saving home sellers thousands across the board and that we are performing better than our bricks and mortar and online competitors. We’re genuinely achieving a higher price for Emoov sellers.
It’s clear our business model continues to grow in prominence and it won’t be long before this change in consumer behaviour finally reaches the tipping point. When it does we expect to continue to outperform the rest of the pack in each region.Russell Quirk