PropTech Firm Celebrates Significant Growth Of Its Transaction Platform Across UK & Ireland
Leading proptech firm, Offr has just recorded its 55% growth in properties for sale through its revolutionary platform in January-June 2022, compared with the same period in 2021.
The proptech has also seen a 22.5% increase in the average number of daily offers submitted through its platform year on year, with the average number of offers per property sitting at an average of 13 in 2022.
Founded in September 2019, Offr enables consumers to initiate the purchase of a house at the click of a button, providing a fast, digital process, from interest to exchange, on any device, at any time and from anywhere in the world.
Offr’s success to date is testament to its innovative technology. Recent significant investment by investment of by the National Association of Realtors (NAR) in the USA paves the way for Offr’s US market entry. Three other countries are in the early stages of launch, including South Africa, Italy and the UAE.
Delivering the world’s fastest and most trusted way of transacting property sales, Offr is a risk-free process for agents, taking lots of leg work out of what can be a tense and time-consuming process. All offers submitted must be fully qualified (with information on funding details, buyer position, proof of funds, AML checks and ID verification), before the submit button is hit.
Philip Farrell, CCO & Co-Founder of Offr, commented: “We were delighted with the success of our platform. It demonstrates that consumers are embracing the Offr platform and enjoying a more streamlined property journey.
“Our research shows that agents have reported that almost 40% of Offr offers are submitted outside of office hours, so our platform is perfect for ensuring that agents never miss a potential vendor or buyer – and there’s no risk of voicemails going astray and offers not making it into the system.”
“Offr also allows agents to keep all these vital details in one place, making the next step – passing the offer on to the vendor, far simpler. Agents can use the platform to accept offers for straightforward purchases or bids for auctions, speeding up the process for potential buyers with a complete digital solution.”
The Offr button sits seamlessly on an agency’s website, so buyers can make an offer on a property with just a few taps, while vendors and agents have total transparency over the latest offers. This puts an end to the manual and time-consuming process and cuts sales times by up to 50%.
Offr’s technology enables estate agents to track the progress of a sale or lease on their mobile device or laptop, in real-time. There are instant alerts when an offer is received; if there is an upcoming viewing; or if legal documents have been updated.
Philip Farrell continues: “Increasingly, consumers want to transact online, via their smartphones. Recent research shows significantly more consumers are accessing the web from a tablet, or smartphone, rather than a desktop. They are also doing more eCommerce intent than ever before, with stats showing that 40% of consumers will go to the competitor after a bad mobile experience.
“By 2025, we believe that 90% of all property negotiations will be conducted digitally. As the market softens, the gap will widen between progressive and able agents and ‘also-rans’. It is vital that agents adopt new technologies that speed up the home buying and selling process to meet the needs of digital consumers, or they face losing market share to more tech-savvy agents.”
Offr has two offices in London and Dublin. All the technology has been designed and developed in-house, with no outsourcing. Offr provides a range of digital alternatives to all possible transaction types: Private Treaty, Auction, Tender, New Homes, Commercial Sales, Residential Lettings, Commercial Leases.
Offr has commercial partnerships with DocuSign; Oooba, the largest mortgage provider in South Africa; Onate, an alternative mortgage provider in Ireland; and Thirdfort, a fast-scaling provider of Identity as a Service, and Anti-Money Laundering checks in the UK
Customers include well known international estate agency brands such as Knight Frank, Cushman & Wakefield, Savills, as well as Irish firms including Lisney, Sherry FitzGerald, CBRE, and Quillsen, alongside a myriad of independent firms.
For further information please visit visit offr.io or email info@offr.io.
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