Over three quarters of estate agents believe they will be paperless by 2025

January 7, 2022

Over three quarters of estate agents believe they will be paperless by 2025

Estate Agents of the Future report from Landmark Estate Agency Services surveys senior agents on future industry trends

In a survey of 100 senior estate agency professionals, commissioned by Landmark Estate Agency Services, 77% confirmed that they believe the process of buying and selling residential properties will be fully digital or online by 2025, with paper processes completely removed.

The survey findings, which have been captured in an Estate Agents of the Future report, asked agents to consider how the process of buying and selling properties will have changed by 2025.

Agents see a more seamless, tech-led process where buyers will have greater access to information earlier in the process and more automation. 83% agreed that more upfront due diligence and data insights will help buyers to make better informed decisions earlier, and receive fewer surprises later in the legal process.

This will result in the evolution of the negotiator’s role, with almost three quarters (72%) suggesting that it is likely they will spend far less time ‘chasing’ sales updates, due to an increased use of online end-user platforms within the next three years.

The findings also look back at what lessons the pandemic has taught estate agents, as well as consider where improvements could be made, what the appetite is for technology adoption and what the estate agent of the future might look like.

Ben Robinson, managing director of Landmark Estate Agency Services said “Without doubt the pandemic has focused the industry’s attention on PropTech and in considering ways where greater efficiencies can be made when buying and selling properties. It’s interesting to see so many suggest that the paperless office is within touching distance, with greater reliance on data and digital solutions to support agents.”

To download a copy of the full survey findings within the Estate Agents of the Future report, visit https://info.landmarkagent.co.uk/market-research-report-21. For more information on Landmark Estate Agency Services, visit https://www.landmark.co.uk/estate-agency-services/ or telephone 01524 220013.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Breaking News

How to market to Estate Agents UK

The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More →
Letting Agent Talk

Preventative Measures to Reduce the Risk of Emergencies in a Rental Home

Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More →
Estate Agent Talk

Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth

Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More →
Breaking News

Breaking Property News 15/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More →
Estate Agent Talk

Labour’s Vision for Homeowners and Renters: Key Changes to Expect

The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More →
Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More →