Hybrid estate agency Housesimple has expanded its ‘free to sell’ home selling offer to Nottingham after trialling the controversial service in Yorkshire and the NW of England.
Vendors in the city’s central NG1 and NG8 postcodes can now access the service ahead of a city-wide roll-out on the 27th December.
The service is likely to then launch across the whole of the West Midlands and, following further launches in other cities and towns next year, an eventual national roll-out.
After registering with Housesimple for an appointment, vendors are given portal listings, photos and floorplans, negotiation and sales progression, a valuation, a local property expert, a for sale board, an online dashboard and a service that operates until 8pm.
In January, when it launched its initial pilot of the scheme in Yorkshire, Housesimple revealed that the agency would earn income from referral fees earned via mortgage, conveyancing and insurance advice provided to buyers and sellers. It June it then also offered the service in the NW.
“Nottingham stands out as having one of the strongest property markets in the UK,” says Sam Mitchell, chief executive of Housesimple (left).
“The city has seen consistent house price growth in recent years, homes are selling in good time and very close to asking price.
“Since the start of the year, Nottingham homeowners have sold over £300m worth of property, meaning they could have saved an estimated £4.5m in fees if they’d sold for free – something they can now do with Housesimple.”
The service has several critics including Russell Quirk, who in the past has said at best the company will only monetise 20% of its listings, and North West agency owner Maurice Kilbride, who has said it will trigger a ‘race to the bottom’.