By 2020, they say 50% of house sales could be done via Online Estate Agents?

online only estate agents

An interesting piece that I read online via by David Clensy in the Bristol Post highlights the growing trend of sales happening via Online Estate Agents. Obviously, as more and more online / hybrid estate agents then the inevitable outcome will be that more sales happen via them, but is this a trend that is actually growing in strength over statistics?
The Bristol Post states: “Increasingly the For Sale signs adorning properties up and down the city are not those of the traditional high street estate agents.

It is somewhat not exactly clear what falls in to ‘Online Estate Agency’ as ultimately it could be any ‘estate agency‘ that is online which would account I would say for more than 99% of all the industry? Though I hear more and more that online does not include traditional estate agents, ie those with an office / high street presence – It does include online, hybrid, do it yourself…

We must all agree that no matter what industry you are in, from takeaway pizzas to car insurance, online has and continues to change and shape industries with the way it offers businesses a vast array of opportunities for marketing and generating business.

I think we can safely say that online only estate agents are all about reducing fees for the end consumer, this may entail a reduced overall service and additional costs for extras which would normally form part of the whole package from traditional estate agents, but the appeal to the consumer is that % saving which is often in the £1,000’s. Importantly, with online estate agents, their property will still be appearing on property portals like Rightmove & Zoopla.

 

A recent, widely reported survey by Face For Business, showed that from 1,000 members of the public questioned about using online estate agents, 60% would still prefer to go with a traditional estate agency… Depending how you read this and which side of the fence you are on when reporting on it, it still shows a massive 34% would go with online estate agents (6% stated ‘Don’t Know’).

I do recommend to read the full report from David Clensy on the Bristol Post website here.

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agents should not all look the same
Estate Agent Talk

How to Become an Estate Agent with No Experience

Breaking into the property industry can seem intimidating – especially if you’ve never worked in it before. But the good news? You don’t need years of experience or fancy qualifications to start a career as an estate agent in the UK. In fact, many successful estate agents started with no background in property at all.…
Read More
buying at auction uk
Estate Agent Talk

9 Advantages of Selling Your House by Auction

Selling your house by auction might seem like a daunting prospect, but it comes with numerous advantages that can make it a highly attractive option. While the traditional method of selling through an estate agent has its place, auctions are increasingly becoming a popular choice for homeowners looking for a swift and reliable sale. Here…
Read More
Breaking News

Majority of Tenants Unsure How Changes Will Affect Them, Says LRG

With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
Read More
Home and Living

Perfume Storage Tips: How to Keep Your Fragrances Fresh

Perfumes are sensitive compositions that can be significantly affected by how they are stored. Proper storage ensures that your favorite fragrances stay fresh and maintain their intended scent profile. In this article, we’ll explore practical, fun, and effective tips to help you preserve your perfumes in perfect condition. Understanding the Sensitivity of Perfumes Perfumes are…
Read More
Breaking News

Renters’ Rights Bill Delay Causing Uncertainty for Tenants and Landlords

Ministers need to tell landlords and tenants when measures in the Renters’ Rights Bill will take effect the National Residential Landlords Association (NRLA) is today warning. The Government pledged last year to abolish Section 21 ‘no explanation’ repossessions and to make other changes to the rental market this summer. With the Bill not scheduled to…
Read More
Breaking News

Breaking Property News 02/04/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Made Snappy 360 appoints new CEO and Sales Director to accelerate growth in the property technology space Made Snappy 360, the fast-growing proptech company known for its virtual tours and floor plan technology, has appointed industry veteran Mark Beresford-Ward as its new Chief Executive…
Read More