• Cedar House, Caen St, Braunton EX33 1AH

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Purplebricks claims huge success on sales, prices and time on market

Purplebricks has released figures which appear to show it is one of the most successful agencies – or perhaps THE most successful agency – in the UK. The figures are in a report commissioned by the agency and conducted by data company TwentyCi. Estate Agent Today has not seen the report, and… Source: Estate Agent […]

Online agency to sell all homes for free: is this the future or a stunt?

Online agency Housesimple has become the first in the UK to sell houses for free. It says that based on the average property price in the UK of £226,798, sellers could save over £3,000 in commission. Rather than charging commission or fees for selling homes, Housesimple earns referral fees from no-obligation selected… Source: Estate Agent […]

Phil Spencer endorses reservation agreements and digital legal packs

Phil Spencer and his advice website IQ have endorsed the concept of legally binding reservation agreements and digital legal packs through a partnership with Proptech firm Gazeal. “Whatever the market conditions, the real culprit is the legal blind spot in the way homes are bought and sold in England and Wales…. Source: Estate Agent News

130 jobs at risk as agency and auction firm appoints administrators

It’s been reported that a Cheshire estate agent and auction house has gone into administration putting 130 jobs at risk. Around 40 people are believed to have already lost their jobs after the rural auction side of Wright Marshall ceased trading with immediate effect. The firm also offers estate agency and professional… Source: Estate Agent […]

Online auction method adopted by historic estate agency

A 176 year old agency is claiming success with its first online auction lot selling for over twice the guide price. It was only a small plot of land – 0.11 acre, selling for £20,500 rather than £10,000 – but it was an innovation for the company. Loveitts, which operates in part… Source: Estate Agent […]

Agents warned over 50% of leads at risk because of slow responses

A PropTech firm which claims its products offer “industry-leading” response times says agents lose a majority of their leads due to slow and outdated communications. "Our research shows that more than 50 per cent of agent enquiries occur while the office is closed during evenings and weekends, when response times are often… Source: Estate Agent News

Hope for first time buyers as affordability improves in UK's big cities

The income required for first time buyers to purchase in the three most expensive UK cities has fallen slightly according to Zoopla research. First time buyers looking to buy their first home in London need an average income of £84,000; this is £3,250 less than the amount needed in 2016 which… Source: Estate Agent News