Industry experts have pointed out that some homeowners who want to sell their properties and want to try and recoup some of the money lost through falling property prices could actually benefit financially by selling their home online rather than through the traditional and expensive route of using an estate agent. This could be especially beneficial given that estate agents have reported that their sales have slumped to an average of less than one property per week.
These days selling your home through an estate agent could mean having your home left unsold on estate agents’ books for ages, and when it does eventually sell having to pay thousands of pounds in commission even though the value of the home may have fallen between when you put it on the market and when it actually sold. However, by selling online homeowners could save themselves a small fortune and enjoy having greater control over the sale of the home.

One industry expert stated: ‘The agent doesn’t really need to be there. For marketing and negotiating the sale of the average £400,000 London home, estate agents would charge nearly £10,000 in needless commission. If you cut out the middle man you can save yourself thousands.’

He added: ‘Going it alone can actually save you time. With our website you can create an advert from start to finish in under an hour – and it’s really simple. Estate agents are only expensive because they carry high overheads for things like high street offices, staff wages and running costs. We don’t have all that because we aim simply to put “person A” in touch with “person B”, eliminating the need for the expensive and unnecessary third party.’

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